Integrity Alliance LLC. Increases Stock Position in FedEx Corporation $FDX

Key Points

• Integrity Alliance LLC significantly increased its stake in FedEx Corporation by 435.8% during the first quarter, owning 5,374 shares valued at approximately $1.31 million.
• Several hedge funds have altered their positions in FedEx, with 84.47% of the stock being owned by institutional investors and hedge funds.
• FedEx declared a quarterly dividend of $1.45 per share, reflecting an annualized dividend of $5.80 and a yield of 2.5%.

Integrity Alliance LLC. increased its position in FedEx Corporation (NYSE:FDX - Free Report) by 435.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 5,374 shares of the shipping service provider's stock after purchasing an additional 4,371 shares during the period. Integrity Alliance LLC.'s holdings in FedEx were worth $1,310,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in FDX. Abound Financial LLC acquired a new position in FedEx during the first quarter worth approximately $38,000. Ameriflex Group Inc. acquired a new position in shares of FedEx in the 4th quarter valued at $43,000. WPG Advisers LLC purchased a new stake in FedEx in the 1st quarter valued at $43,000. Cary Street Partners Investment Advisory LLC raised its position in FedEx by 60.7% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 188 shares of the shipping service provider's stock valued at $46,000 after purchasing an additional 71 shares during the last quarter. Finally, Mascagni Wealth Management Inc. acquired a new stake in FedEx during the 4th quarter worth $70,000. Hedge funds and other institutional investors own 84.47% of the company's stock.

FedEx Stock Performance

Shares of FDX stock traded up $0.86 during trading hours on Friday, reaching $229.67. 1,688,783 shares of the company's stock were exchanged, compared to its average volume of 1,498,630. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.19 and a quick ratio of 1.15. The company's 50 day moving average is $229.77 and its two-hundred day moving average is $227.42. The company has a market cap of $54.19 billion, a P/E ratio of 13.61, a price-to-earnings-growth ratio of 1.29 and a beta of 1.20. FedEx Corporation has a 1 year low of $194.29 and a 1 year high of $308.53.

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

FedEx Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Barclays restated an "overweight" rating and issued a $320.00 price objective (down from $330.00) on shares of FedEx in a research note on Wednesday, June 25th. Bank of America reaffirmed a "neutral" rating and set a $240.00 price objective (down from $245.00) on shares of FedEx in a research note on Thursday. UBS Group lowered their target price on FedEx from $297.00 to $293.00 and set a "buy" rating on the stock in a research note on Thursday, August 28th. BNP Paribas Exane raised FedEx from an "underperform" rating to an "outperform" rating and set a $270.00 target price on the stock in a report on Thursday, July 3rd. Finally, Stephens reaffirmed an "overweight" rating and set a $300.00 price target on shares of FedEx in a report on Tuesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $282.54.

Insider Buying and Selling

In other FedEx news, Director Marvin R. Ellison sold 3,610 shares of the company's stock in a transaction dated Wednesday, July 9th. The shares were 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 approximately $1,829,176.80. This represents a 31.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director R Brad Martin sold 2,123 shares of FedEx stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $241.75, for a total transaction of $513,235.25. Following the sale, the director owned 8,935 shares of the company's stock, valued at approximately $2,160,036.25. The trade was a 19.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,343 shares of company stock valued at $2,228,816. Corporate insiders own 0.53% of the company's stock.

About FedEx

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.