FedEx Corporation $FDX Shares Sold by Ameritas Advisory Services LLC

Key Points

• Ameritas Advisory Services LLC reduced its holdings in FedEx by 30.6% in Q2, selling 2,199 shares and holding 4,985 shares valued at approximately $1.13 million.
• FedEx reported a quarterly earnings of $3.83 per share, surpassing analysts' expectations of $3.71, and achieved revenues of $22.20 billion for the quarter, a 3.1% increase year-over-year.
• The company has a dividend yield of 2.4% with an annual dividend rate of $5.80, and its payout ratio currently stands at 33.86%.

Ameritas Advisory Services LLC lessened its position in FedEx Corporation (NYSE:FDX - Free Report) by 30.6% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 4,985 shares of the shipping service provider's stock after selling 2,199 shares during the period. Ameritas Advisory Services LLC's holdings in FedEx were worth $1,133,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Abound Financial LLC acquired a new stake in FedEx in the first quarter valued at about $38,000. WPG Advisers LLC acquired a new stake in shares of FedEx in the 1st quarter valued at approximately $43,000. Cary Street Partners Investment Advisory LLC lifted its holdings in shares of 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 buying an additional 71 shares during the period. SOA Wealth Advisors LLC. lifted its holdings in FedEx by 60.6% in the first quarter. SOA Wealth Advisors LLC. now owns 249 shares of the shipping service provider's stock valued at $61,000 after acquiring an additional 94 shares during the period. Finally, Alpine Bank Wealth Management acquired a new stake in FedEx in the first quarter valued at $65,000. Institutional investors and hedge funds own 84.47% of the company's stock.

FedEx Trading Up 0.7%

Shares of FedEx stock opened at $244.14 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.25 and a quick ratio of 1.21. FedEx Corporation has a 1 year low of $194.29 and a 1 year high of $308.53. The company has a market capitalization of $57.61 billion, a P/E ratio of 14.25, a P/E/G ratio of 1.36 and a beta of 1.28. The business has a 50 day moving average price of $229.77 and a 200 day moving average price of $225.85.

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

FedEx Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Monday, September 8th were paid a $1.45 dividend. The ex-dividend date of this dividend was Monday, September 8th. This represents a $5.80 annualized dividend and a yield of 2.4%. FedEx's payout ratio is presently 33.86%.

Analysts Set New Price Targets

Several analysts recently commented on FDX shares. Truist Financial reiterated a "buy" rating and issued a $275.00 price objective on shares of FedEx in a research note on Wednesday, June 25th. Evercore ISI reduced their price objective on shares of FedEx from $243.00 to $239.00 in a research note on Friday, September 19th. Citigroup lifted their price target on shares of FedEx from $275.00 to $279.00 and gave the company a "buy" rating in a research report on Friday, September 19th. Vertical Research reduced their price target on shares of FedEx from $280.00 to $275.00 in a research report on Friday, September 19th. Finally, Daiwa Capital Markets lifted their price target on shares of FedEx from $232.00 to $240.00 and gave the company a "neutral" rating in a research report on Monday, September 22nd. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, FedEx has an average rating of "Moderate Buy" and an average target price of $271.67.

Insider Activity at FedEx

In other news, Director Marvin R. Ellison sold 3,610 shares of the business's stock in a transaction that occurred on Wednesday, July 9th. The shares were sold at an average price of $236.94, for a total value of $855,353.40. Following the completion of the transaction, the director owned 7,720 shares of the company's stock, valued at $1,829,176.80. The trade was a 31.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 value of $513,235.25. Following the completion of the transaction, the director owned 8,935 shares of the company's stock, 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. In the last quarter, insiders sold 9,343 shares of company stock valued at $2,228,816. 0.53% of the stock is owned by 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.

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