Weatherly Asset Management L. P. Has $2.55 Million Stock Holdings in FedEx Corporation $FDX

Key Points

• Weatherly Asset Management L. P. increased its stake in FedEx Corporation by 12.9%, owning 11,166 shares valued at approximately $2.5 million after acquiring additional shares in the second quarter.
• FedEx reported a quarterly earnings per share (EPS) of $3.83, surpassing analysts' expectations of $3.71, and had a revenue of $22.20 billion, which was also above estimates.
• The firm declared a quarterly dividend of $1.45 per share, representing a 2.5% annual yield, with the dividend payout scheduled for October 1st.

Weatherly Asset Management L. P. increased its holdings in FedEx Corporation (NYSE:FDX - Free Report) by 12.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,166 shares of the shipping service provider's stock after acquiring an additional 1,276 shares during the quarter. Weatherly Asset Management L. P.'s holdings in FedEx were worth $2,552,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of FDX. Abound Financial LLC bought a new stake in FedEx in the first quarter valued at about $38,000. Ameriflex Group Inc. bought a new stake in FedEx in the fourth quarter valued at about $43,000. WPG Advisers LLC bought a new stake in FedEx in the first quarter valued at about $43,000. Cary Street Partners Investment Advisory LLC increased its holdings in FedEx by 60.7% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 188 shares of the shipping service provider's stock valued at $46,000 after buying an additional 71 shares during the last quarter. Finally, Mascagni Wealth Management Inc. bought a new stake in FedEx in the fourth quarter valued at about $70,000. Institutional investors and hedge funds own 84.47% of the company's stock.

Insider Buying and Selling at FedEx

In other news, Director Paul S. Walsh sold 3,610 shares of the company's stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $238.29, for a total value of $860,226.90. Following the transaction, the director directly owned 15,513 shares of the company's stock, valued at approximately $3,696,592.77. This represents a 18.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director R Brad Martin sold 2,123 shares of the company's stock in a transaction on Monday, July 7th. The stock was sold at an average price of $241.75, for a total transaction of $513,235.25. Following the completion of the transaction, the director directly owned 8,935 shares in the company, valued at $2,160,036.25. This trade represents a 19.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,343 shares of company stock valued at $2,228,816 in the last three months. 0.53% of the stock is currently owned by company insiders.

FedEx Stock Up 1.6%

NYSE:FDX traded up $3.58 during trading hours on Tuesday, hitting $233.70. 1,508,121 shares of the stock traded hands, compared to its average volume of 2,027,774. The firm has a 50 day moving average price of $228.77 and a 200 day moving average price of $226.13. The company has a current ratio of 1.25, a quick ratio of 1.21 and a debt-to-equity ratio of 0.73. FedEx Corporation has a fifty-two week low of $194.29 and a fifty-two week high of $308.53. The firm has a market cap of $55.14 billion, a price-to-earnings ratio of 13.64, a PEG ratio of 1.34 and a beta of 1.20.

FedEx (NYSE:FDX - Get Free Report) last announced its earnings results on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.71 by $0.12. FedEx had a net margin of 4.65% and a return on equity of 16.33%. The company had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $21.74 billion. During the same period in the previous year, the business earned $3.60 EPS. The company's revenue was up 3.1% on a year-over-year basis. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. Equities research analysts anticipate that FedEx Corporation will post 19.14 earnings per share for the current year.

FedEx Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 8th will be paid 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 payout ratio is 33.86%.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Evercore ISI lowered their price objective on FedEx from $243.00 to $239.00 in a report on Friday. Wolfe Research boosted their price objective on FedEx from $244.00 to $254.00 and gave the company an "outperform" rating in a report on Friday. Bank of America upped their target price on FedEx from $240.00 to $244.00 and gave the company a "neutral" rating in a report on Friday. Wall Street Zen lowered FedEx from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. Finally, Stifel Nicolaus lowered their target price on FedEx from $308.00 to $296.00 and set a "buy" rating for the company in a report on Wednesday, September 17th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $271.67.

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.