Price T Rowe Associates Inc. MD Buys 1,293 Shares of FedEx Corporation $FDX

Key Points

• Price T Rowe Associates Inc. MD increased its stake in FedEx by 0.2% during Q1, owning approximately 0.29% of the company, valued at $167.2 million.
• FedEx declared a quarterly dividend of $1.45, set to be paid on October 1st, representing a 2.5% yield and a payout ratio of 34.36%.
• Despite recent insider sales, analysts maintain a Generally optimistic outlook on FedEx, with an average price target of $283.13 and a consensus rating of "Moderate Buy."

Price T Rowe Associates Inc. MD lifted its stake in shares of FedEx Corporation (NYSE:FDX - Free Report) by 0.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 685,883 shares of the shipping service provider's stock after buying an additional 1,293 shares during the period. Price T Rowe Associates Inc. MD owned about 0.29% of FedEx worth $167,205,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Accredited Wealth Management LLC acquired a new position in shares of FedEx during the fourth quarter worth $35,000. Optiver Holding B.V. acquired a new position in shares of FedEx during the fourth quarter worth $39,000. Abound Financial LLC acquired a new position in shares of FedEx during the first quarter worth $38,000. Ameriflex Group Inc. acquired a new position in shares of FedEx during the fourth quarter worth $43,000. Finally, Cary Street Partners Investment Advisory LLC increased its holdings in shares of FedEx by 60.7% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 188 shares of the shipping service provider's stock worth $46,000 after buying an additional 71 shares in the last quarter. 84.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at FedEx

In other news, Director Marvin R. Ellison sold 3,610 shares of the business's stock in a transaction that occurred on Wednesday, July 9th. The stock was sold at an average price of $236.94, for a total value of $855,353.40. Following the transaction, the director owned 7,720 shares in the company, valued at $1,829,176.80. The trade was a 31.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director R Brad Martin sold 2,123 shares of the business's stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $241.75, for a total value of $513,235.25. Following the completion of the transaction, the director owned 8,935 shares in the company, valued at $2,160,036.25. The trade was a 19.20% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 9,343 shares of company stock valued at $2,228,816. 0.53% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of FedEx from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. Raymond James Financial restated an "outperform" rating and issued a $260.00 price objective (down from $275.00) on shares of FedEx in a report on Wednesday, June 25th. Dbs Bank upgraded FedEx from a "hold" rating to a "moderate buy" rating in a report on Thursday, August 21st. Truist Financial restated a "buy" rating and issued a $275.00 price objective on shares of FedEx in a report on Wednesday, June 25th. Finally, UBS Group decreased their price objective on FedEx from $311.00 to $297.00 and set a "buy" rating for the company in a report on Wednesday, June 25th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $283.13.

FedEx Stock Up 0.4%

FDX traded up $1.01 during midday trading on Wednesday, reaching $232.11. 1,083,883 shares of the company were exchanged, compared to its average volume of 1,874,336. The company has a market cap of $54.77 billion, a price-to-earnings ratio of 13.75, a price-to-earnings-growth ratio of 1.20 and a beta of 1.30. The company's fifty day moving average price is $230.42 and its 200 day moving average price is $230.50. FedEx Corporation has a one year low of $194.29 and a one year high of $308.53. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.15 and a current ratio of 1.19.

FedEx (NYSE:FDX - Get Free Report) last released its quarterly earnings results on Tuesday, June 24th. The shipping service provider reported $6.07 EPS for the quarter, beating analysts' consensus estimates of $5.98 by $0.09. The business had revenue of $22.20 billion during the quarter, compared to analyst estimates of $21.86 billion. FedEx had a return on equity of 16.34% and a net margin of 4.65%.During the same period in the prior year, the firm posted $5.41 EPS. FedEx has set its Q1 2026 guidance at 3.400-4.000 EPS. As a group, analysts expect that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 8th will be given a $1.45 dividend. This represents a $5.80 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Monday, September 8th. FedEx's dividend payout ratio is presently 34.36%.

FedEx Profile

FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. It operates through FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services segments. The FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; and time-critical transportation services.