Erste Asset Management GmbH Sells 11,981 Shares of FedEx Corporation $FDX

Key Points

• Erste Asset Management GmbH significantly reduced its stake in FedEx, selling 11,981 shares and decreasing its holdings by 57.8% in the first quarter, leaving it with 8,758 shares valued at approximately $2.26 million.
• FedEx reported a positive earnings per share of $6.07 for the last quarter, exceeding analysts' expectations and showcasing a revenue of $22.20 billion, while forecasting Q1 2026 EPS guidance of $3.40-$4.00.
• In addition to institutional investment changes, insiders sold 9,343 shares worth about $2.23 million over the last quarter, indicating a potential shift in confidence among company leadership.

Erste Asset Management GmbH decreased its position in FedEx Corporation (NYSE:FDX - Free Report) by 57.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,758 shares of the shipping service provider's stock after selling 11,981 shares during the quarter. Erste Asset Management GmbH's holdings in FedEx were worth $2,259,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in FDX. Nuveen LLC bought a new stake in shares of FedEx in the 1st quarter valued at approximately $314,650,000. ACR Alpine Capital Research LLC grew its stake in shares of FedEx by 85.9% in the 1st quarter. ACR Alpine Capital Research LLC now owns 1,585,033 shares of the shipping service provider's stock valued at $386,399,000 after buying an additional 732,266 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of FedEx by 18,202.1% in the 1st quarter. GAMMA Investing LLC now owns 545,586 shares of the shipping service provider's stock valued at $133,003,000 after buying an additional 542,605 shares in the last quarter. Worldquant Millennium Advisors LLC grew its stake in shares of FedEx by 276.1% in the 4th quarter. Worldquant Millennium Advisors LLC now owns 433,789 shares of the shipping service provider's stock valued at $122,038,000 after buying an additional 318,448 shares in the last quarter. Finally, Freestone Grove Partners LP bought a new stake in shares of FedEx in the 4th quarter valued at approximately $86,960,000. Institutional investors own 84.47% of the company's stock.

Insider Activity

In other news, Director Paul S. Walsh sold 3,610 shares of the business's stock in a transaction that occurred 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 in the company, valued at approximately $3,696,592.77. The trade was a 18.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 sale, the director owned 7,720 shares in the company, valued at approximately $1,829,176.80. This represents a 31.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,343 shares of company stock worth $2,228,816. Company insiders own 0.53% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. JPMorgan Chase & Co. boosted their price target on FedEx from $260.00 to $290.00 and gave the company an "overweight" rating in a research note on Wednesday, June 25th. Raymond James Financial restated an "outperform" rating and issued a $260.00 target price (down from $275.00) on shares of FedEx in a report on Wednesday, June 25th. Sanford C. Bernstein reduced their target price on FedEx from $282.00 to $249.00 and set a "market perform" rating for the company in a report on Friday, June 13th. Truist Financial restated a "buy" rating and issued a $275.00 target price on shares of FedEx in a report on Wednesday, June 25th. Finally, Wall Street Zen lowered FedEx from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, FedEx presently has a consensus rating of "Moderate Buy" and a consensus price target of $283.13.

FedEx Stock Performance

Shares of FDX traded down $3.8220 on Monday, reaching $232.9780. 1,469,215 shares of the stock traded hands, compared to its average volume of 1,978,712. The firm has a market cap of $54.97 billion, a price-to-earnings ratio of 13.80, a P/E/G ratio of 1.23 and a beta of 1.30. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.19 and a quick ratio of 1.15. FedEx Corporation has a 12 month low of $194.29 and a 12 month high of $308.53. The stock's 50-day moving average price is $229.94 and its 200-day moving average price is $230.65.

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, beating analysts' consensus estimates of $5.98 by $0.09. The business had revenue of $22.20 billion for the quarter, compared to analysts' expectations of $21.86 billion. FedEx had a return on equity of 16.34% and a net margin of 4.65%.During the same period in the previous year, the business posted $5.41 earnings per share. FedEx has set its Q1 2026 guidance at 3.400-4.000 EPS. Equities analysts forecast that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 8th will be given a dividend of $1.45 per share. The ex-dividend date is Monday, September 8th. This represents a $5.80 dividend on an annualized basis and a dividend yield of 2.5%. FedEx's payout ratio is currently 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.