Adage Capital Partners GP L.L.C. Sells 37,800 Shares of FedEx Corporation $FDX

Key Points

• Adage Capital Partners GP L.L.C. reduced its stake in FedEx Corporation by 15.7%, holding 202,204 shares valued at approximately $49.3 million after selling 37,800 shares during the quarter.
• FedEx reported $6.07 earnings per share (EPS) for the quarter, surpassing analysts' expectations, with a total revenue of $22.20 billion compared to estimates of $21.86 billion.
• The company announced a quarterly dividend of $1.45 per share, which will be paid on October 1st, translating to an annualized dividend yield of 2.6%.

Adage Capital Partners GP L.L.C. lessened its stake in shares of FedEx Corporation (NYSE:FDX - Free Report) by 15.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 202,204 shares of the shipping service provider's stock after selling 37,800 shares during the quarter. Adage Capital Partners GP L.L.C. owned about 0.08% of FedEx worth $49,293,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Perbak Capital Partners LLP purchased a new position in shares of FedEx in the 1st quarter worth about $239,000. Focus Partners Advisor Solutions LLC raised its stake in shares of FedEx by 70.5% in the 1st quarter. Focus Partners Advisor Solutions LLC now owns 1,647 shares of the shipping service provider's stock worth $402,000 after buying an additional 681 shares in the last quarter. Retirement Planning Co of New England Inc. raised its position in shares of FedEx by 6.9% during the first quarter. Retirement Planning Co of New England Inc. now owns 864 shares of the shipping service provider's stock worth $211,000 after purchasing an additional 56 shares during the period. Nomura Holdings Inc. grew its holdings in shares of FedEx by 75.3% during the first quarter. Nomura Holdings Inc. now owns 12,987 shares of the shipping service provider's stock valued at $3,166,000 after buying an additional 5,579 shares in the last quarter. Finally, Titleist Asset Management LLC grew its stake in FedEx by 5.6% in the first quarter. Titleist Asset Management LLC now owns 6,908 shares of the shipping service provider's stock valued at $1,684,000 after purchasing an additional 367 shares in the last quarter. Hedge funds and other institutional investors own 84.47% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Stifel Nicolaus set a $315.00 price objective on FedEx in a research report on Wednesday, June 25th. Dbs Bank raised FedEx from a "hold" rating to a "moderate buy" rating in a report on Thursday, August 21st. Wells Fargo & Company increased their price target on FedEx from $220.00 to $235.00 and gave the stock an "equal weight" rating in a research report on Wednesday, June 25th. Citigroup decreased their price target on FedEx from $278.00 to $275.00 and set a "buy" rating on the stock in a research report on Monday, August 18th. Finally, Raymond James Financial reiterated an "outperform" rating and issued a $260.00 price objective (down from $275.00) on shares of FedEx in a research report on Wednesday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $282.75.

FedEx Trading Down 0.7%

NYSE FDX traded down $1.60 on Monday, reaching $224.67. The company had a trading volume of 2,078,426 shares, compared to its average volume of 1,958,939. 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 business has a 50 day moving average of $230.73 and a two-hundred day moving average of $228.21. 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 $53.01 billion, a price-to-earnings ratio of 13.31, a P/E/G ratio of 1.19 and a beta of 1.20.

FedEx (NYSE:FDX - Get Free Report) last released its quarterly earnings data on Tuesday, June 24th. The shipping service provider reported $6.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $21.86 billion. During the same quarter in the prior year, the firm earned $5.41 EPS. FedEx has set its Q1 2026 guidance at 3.400-4.000 EPS. Analysts forecast that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders 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 yield of 2.6%. FedEx's dividend payout ratio (DPR) is 34.36%.

Insider Buying and Selling

In other news, Director R Brad Martin sold 2,123 shares of the business's stock in a transaction 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 completion of the transaction, the director directly owned 8,935 shares in the company, valued at $2,160,036.25. The trade was a 19.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Paul S. Walsh sold 3,610 shares of FedEx 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 sale, the director directly owned 15,513 shares of the company's stock, valued at $3,696,592.77. This represents a 18.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,343 shares of company stock valued at $2,228,816. 0.53% of the stock is owned by company insiders.

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.