FedEx Corporation $FDX Shares Acquired by Woodline Partners LP

Key Points

• Woodline Partners LP increased its stake in FedEx by 3.2%, owning approximately 135,299 shares valued at $32,983,000.
• FedEx recently reported earnings of $6.07 per share, exceeding estimates, and announced a quarterly dividend of $1.45 per share.
• Insiders at FedEx have sold a total of 9,343 shares over the last ninety days, with significant sales by directors Paul S. Walsh and Marvin R. Ellison.

Woodline Partners LP lifted its stake in FedEx Corporation (NYSE:FDX - Free Report) by 3.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 135,299 shares of the shipping service provider's stock after buying an additional 4,187 shares during the quarter. Woodline Partners LP owned approximately 0.06% of FedEx worth $32,983,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Abound Financial LLC purchased a new position in FedEx during the first quarter worth approximately $38,000. Ameriflex Group Inc. acquired a new position in shares of FedEx during the fourth quarter valued at approximately $43,000. WPG Advisers LLC purchased a new position in FedEx during the first quarter worth approximately $43,000. Cary Street Partners Investment Advisory LLC increased its position in 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 purchasing an additional 71 shares during the last quarter. Finally, SOA Wealth Advisors LLC. increased its position in FedEx by 60.6% during the first quarter. SOA Wealth Advisors LLC. now owns 249 shares of the shipping service provider's stock worth $61,000 after purchasing an additional 94 shares during the last quarter. Hedge funds and other institutional investors own 84.47% of the company's stock.

FedEx Trading Up 0.4%

Shares of FedEx stock opened at $225.83 on Wednesday. The firm has a market cap of $53.28 billion, a PE ratio of 13.38, a P/E/G ratio of 1.18 and a beta of 1.20. The company has a quick ratio of 1.15, a current ratio of 1.19 and a debt-to-equity ratio of 0.68. The business's fifty day moving average is $230.50 and its two-hundred day moving average is $227.99. FedEx Corporation has a fifty-two week low of $194.29 and a fifty-two week high of $308.53.

FedEx (NYSE:FDX - Get Free Report) last issued its earnings results on Tuesday, June 24th. The shipping service provider reported $6.07 earnings per share for the quarter, topping the consensus estimate of $5.98 by $0.09. FedEx had a return on equity of 16.34% and a net margin of 4.65%.The business had revenue of $22.20 billion for the quarter, compared to analyst estimates of $21.86 billion. During the same period last year, the company posted $5.41 EPS. FedEx has set its Q1 2026 guidance at 3.400-4.000 EPS. Analysts anticipate that FedEx Corporation will post 19.14 earnings per share 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 issued a $1.45 dividend. This represents a $5.80 annualized dividend and a yield of 2.6%. The ex-dividend date is Monday, September 8th. FedEx's dividend payout ratio is currently 34.36%.

Insider Transactions at FedEx

In other news, Director Paul S. Walsh sold 3,610 shares of the stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $238.29, for a total transaction of $860,226.90. Following the transaction, the director owned 15,513 shares of the company's stock, valued at approximately $3,696,592.77. This trade represents a 18.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Marvin R. Ellison sold 3,610 shares of the stock in a transaction dated Wednesday, July 9th. The stock was sold at an average price of $236.94, for a total transaction of $855,353.40. Following the transaction, the director directly owned 7,720 shares in the company, valued at $1,829,176.80. The trade was a 31.86% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,343 shares of company stock valued at $2,228,816. 0.53% of the stock is currently owned by insiders.

Analyst Ratings Changes

FDX has been the subject of several recent analyst reports. Bank of America cut their target price on FedEx from $270.00 to $245.00 and set a "buy" rating for the company in a research note on Wednesday, June 25th. Raymond James Financial reiterated an "outperform" rating and issued a $260.00 target price (down from $275.00) on shares of FedEx in a report on Wednesday, June 25th. UBS Group decreased their target price on FedEx from $297.00 to $293.00 and set a "buy" rating for the company in a report on Thursday, August 28th. Barclays reaffirmed an "overweight" rating and set a $320.00 price target (down from $330.00) on shares of FedEx in a report on Wednesday, June 25th. Finally, Wall Street Zen downgraded FedEx from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $282.75.

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.

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