FedEx Corporation $FDX Shares Bought by Salem Investment Counselors Inc.

Key Points

• Salem Investment Counselors Inc. increased its FedEx holdings by 7.8% during the second quarter, owning 22,457 shares worth approximately $5.14 million.
• Recent insider transactions include Marvin R. Ellison and Paul S. Walsh, who sold 3,610 shares each, reducing their respective stakes by 31.86% and 18.88%.
• FedEx recently announced a quarterly dividend of $1.45 per share, reflecting an annualized yield of 2.5% and a payout ratio of 34.36%.

Salem Investment Counselors Inc. boosted its holdings in shares of FedEx Corporation (NYSE:FDX - Free Report) by 7.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,457 shares of the shipping service provider's stock after buying an additional 1,617 shares during the quarter. Salem Investment Counselors Inc.'s holdings in FedEx were worth $5,137,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Douglas Lane & Associates LLC lifted its holdings in FedEx by 2.2% during the 2nd quarter. Douglas Lane & Associates LLC now owns 7,978 shares of the shipping service provider's stock worth $1,813,000 after buying an additional 173 shares in the last quarter. Sage Capital Advisors llc lifted its holdings in FedEx by 136.5% during the 2nd quarter. Sage Capital Advisors llc now owns 34,697 shares of the shipping service provider's stock worth $7,887,000 after buying an additional 20,024 shares in the last quarter. Jacobs & Co. CA increased its position in shares of FedEx by 2.2% in the 2nd quarter. Jacobs & Co. CA now owns 48,000 shares of the shipping service provider's stock valued at $10,911,000 after purchasing an additional 1,055 shares during the last quarter. Central Pacific Bank Trust Division increased its position in shares of FedEx by 9.2% in the 2nd quarter. Central Pacific Bank Trust Division now owns 4,175 shares of the shipping service provider's stock valued at $949,000 after purchasing an additional 350 shares during the last quarter. Finally, AG2R LA Mondiale Gestion D Actifs purchased a new stake in shares of FedEx in the 1st quarter valued at approximately $2,153,000. 84.47% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other FedEx news, Director Marvin R. Ellison sold 3,610 shares of the firm's stock in a transaction on 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 of the company's stock, valued at approximately $1,829,176.80. This trade represents a 31.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Paul S. Walsh sold 3,610 shares of the firm's stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $238.29, for a total transaction of $860,226.90. Following the transaction, the director directly owned 15,513 shares in the company, valued at $3,696,592.77. The trade was a 18.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,343 shares of company stock valued at $2,228,816. Insiders own 0.53% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on FDX shares. JPMorgan Chase & Co. dropped their price objective on shares of FedEx from $290.00 to $285.00 and set an "overweight" rating on the stock in a research report on Friday, September 5th. Barclays reissued an "overweight" rating and issued a $320.00 price objective (down from $330.00) on shares of FedEx in a research report on Wednesday, June 25th. Wall Street Zen downgraded shares of FedEx from a "buy" rating to a "hold" rating in a research report on Saturday, August 16th. Stifel Nicolaus set a $315.00 price objective on shares of FedEx in a research report on Wednesday, June 25th. Finally, Wells Fargo & Company increased their price objective on shares of FedEx from $220.00 to $235.00 and gave the company an "equal weight" rating in a research report on Wednesday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $282.54.

FedEx Trading Up 0.4%

NYSE FDX opened at $229.67 on Friday. FedEx Corporation has a 12 month low of $194.29 and a 12 month high of $308.53. 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 has a market capitalization of $54.19 billion, a price-to-earnings ratio of 13.61, a price-to-earnings-growth ratio of 1.20 and a beta of 1.20. The firm's fifty day moving average price is $229.77 and its 200 day moving average price is $227.42.

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

FedEx Announces Dividend

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

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.

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