FedEx Corporation $FDX Shares Sold by Dodge & Cox

Key Points

• Dodge & Cox reduced its stake in FedEx by 0.4%, owning approximately 13.8 million shares, worth around $3.37 billion as of its latest filing.
• FedEx reported earnings of $6.07 per share for the last quarter, exceeding estimates, and had a total revenue of $22.20 billion.
• The company announced a quarterly dividend of $1.45 per share, with an ex-dividend date set for September 8th, representing a 2.5% yield.

Dodge & Cox trimmed its stake in FedEx Corporation (NYSE:FDX - Free Report) by 0.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,833,068 shares of the shipping service provider's stock after selling 56,556 shares during the quarter. FedEx makes up 1.9% of Dodge & Cox's portfolio, making the stock its 15th biggest holding. Dodge & Cox owned approximately 5.77% of FedEx worth $3,372,225,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in FDX. Aaron Wealth Advisors LLC increased its stake in FedEx by 2.6% in the first quarter. Aaron Wealth Advisors LLC now owns 1,875 shares of the shipping service provider's stock valued at $457,000 after purchasing an additional 48 shares during the last quarter. SouthState Corp increased its stake in FedEx by 3.5% in the first quarter. SouthState Corp now owns 1,431 shares of the shipping service provider's stock valued at $349,000 after purchasing an additional 48 shares during the last quarter. Benin Management CORP increased its stake in FedEx by 0.3% in the first quarter. Benin Management CORP now owns 16,198 shares of the shipping service provider's stock valued at $3,949,000 after purchasing an additional 50 shares during the last quarter. Evanson Asset Management LLC increased its stake in FedEx by 6.0% in the first quarter. Evanson Asset Management LLC now owns 879 shares of the shipping service provider's stock valued at $214,000 after purchasing an additional 50 shares during the last quarter. Finally, Hendershot Investments Inc. increased its stake in FedEx by 4.3% in the first quarter. Hendershot Investments Inc. now owns 1,207 shares of the shipping service provider's stock valued at $294,000 after purchasing an additional 50 shares during the last quarter. 84.47% of the stock is owned by institutional investors and hedge funds.

FedEx Price Performance

Shares of NYSE FDX opened at $236.1910 on Friday. FedEx Corporation has a 1-year low of $194.29 and a 1-year high of $308.53. The business has a 50-day moving average of $229.94 and a 200-day moving average of $230.99. 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 $55.73 billion, a price-to-earnings ratio of 13.99, a PEG ratio of 1.17 and a beta of 1.30.

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

FedEx Dividend Announcement

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

Insider Buying and Selling

In related news, Director Marvin R. Ellison sold 3,610 shares of the business's stock in a transaction dated Wednesday, July 9th. The stock was sold at an average price of $236.94, for a total value of $855,353.40. Following the transaction, the director owned 7,720 shares in the company, valued at approximately $1,829,176.80. The trade was a 31.86% 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 Paul S. Walsh sold 3,610 shares of the business's stock in a transaction dated Tuesday, July 8th. The stock was sold at an average price of $238.29, for a total value of $860,226.90. Following the completion of the transaction, the director owned 15,513 shares in the company, valued at approximately $3,696,592.77. This trade represents a 18.88% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,343 shares of company stock worth $2,228,816. 8.87% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

FDX has been the subject of several analyst reports. JPMorgan Chase & Co. upped their target price on FedEx from $260.00 to $290.00 and gave the company an "overweight" rating in a research note on Wednesday, June 25th. Wall Street Zen lowered FedEx from a "buy" rating to a "hold" rating in a research note on Saturday, August 16th. Citigroup lowered their price target on FedEx from $278.00 to $275.00 and set a "buy" rating for the company in a research report on Monday, August 18th. Barclays reissued an "overweight" rating and set a $320.00 price target (down previously from $330.00) on shares of FedEx in a research report on Wednesday, June 25th. Finally, Bank of America lowered their price target on FedEx from $270.00 to $245.00 and set a "buy" rating for the company in a research report on Wednesday, June 25th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $283.13.

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.

Want to see what other hedge funds are holding FDX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FedEx Corporation (NYSE:FDX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.