FedEx Corporation $FDX Shares Sold by FRG Family Wealth Advisors LLC

Key Points

• FRG Family Wealth Advisors LLC reduced its stake in FedEx Corporation by 15.7% in the first quarter, now holding 6,625 shares valued at approximately $1.6 million.
• Several large investors, including Vanguard and ACR Alpine Capital Research LLC, have increased their investments in FedEx, indicating ongoing interest in the company despite recent sell-offs.
• FedEx announced a quarterly dividend of $1.45 per share, with an upcoming payment date of October 1st, contributing to a dividend yield of 2.5%.

FRG Family Wealth Advisors LLC trimmed its position in shares of FedEx Corporation (NYSE:FDX - Free Report) by 15.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,625 shares of the shipping service provider's stock after selling 1,230 shares during the quarter. FRG Family Wealth Advisors LLC's holdings in FedEx were worth $1,615,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in FedEx by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 20,489,161 shares of the shipping service provider's stock worth $4,994,848,000 after purchasing an additional 289,655 shares during the period. Invesco Ltd. lifted its holdings in shares of FedEx by 1.4% in the 1st quarter. Invesco Ltd. now owns 3,264,993 shares of the shipping service provider's stock valued at $795,940,000 after buying an additional 43,989 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its stake in shares of FedEx by 7.1% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 2,030,687 shares of the shipping service provider's stock valued at $495,041,000 after buying an additional 135,290 shares in the last quarter. ACR Alpine Capital Research LLC grew its position in FedEx by 85.9% during the first quarter. ACR Alpine Capital Research LLC now owns 1,585,033 shares of the shipping service provider's stock worth $386,399,000 after buying an additional 732,266 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in FedEx by 0.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,506,226 shares of the shipping service provider's stock valued at $367,188,000 after buying an additional 5,490 shares in the last quarter. 84.47% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at FedEx

In other FedEx 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 transaction of $855,353.40. Following the completion of the sale, the director owned 7,720 shares of the company's stock, 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Paul S. Walsh sold 3,610 shares of the firm'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 ownership of the stock. 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. 0.53% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Raymond James Financial restated an "outperform" rating and issued a $260.00 price target (down previously from $275.00) on shares of FedEx in a report on Wednesday, June 25th. JPMorgan Chase & Co. upped their price target on shares of FedEx from $260.00 to $290.00 and gave the company an "overweight" rating in a report on Wednesday, June 25th. UBS Group cut their price objective on FedEx from $297.00 to $293.00 and set a "buy" rating for the company in a research report on Thursday. Sanford C. Bernstein lowered their target price on FedEx from $282.00 to $249.00 and set a "market perform" rating on the stock in a report on Friday, June 13th. Finally, Barclays reissued an "overweight" rating and issued a $320.00 price target (down from $330.00) on shares of FedEx in a report on Wednesday, June 25th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $282.96.

FedEx Trading Down 0.1%

Shares of FedEx stock opened at $230.96 on Friday. FedEx Corporation has a fifty-two week low of $194.29 and a fifty-two week high of $308.53. The business's fifty day moving average is $230.69 and its two-hundred day moving average is $230.11. The company has a quick ratio of 1.15, a current ratio of 1.19 and a debt-to-equity ratio of 0.68. The firm has a market cap of $54.49 billion, a PE ratio of 13.68, a P/E/G ratio of 1.21 and a beta of 1.30.

FedEx (NYSE:FDX - Get Free Report) last released its earnings results on Tuesday, June 24th. The shipping service provider reported $6.07 EPS for the quarter, beating 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 firm had revenue of $22.20 billion during the quarter, compared to analyst estimates of $21.86 billion. During the same period in the prior year, the firm posted $5.41 earnings per share. FedEx has set its Q1 2026 guidance at 3.400-4.000 EPS. 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. Investors of record on Monday, September 8th will be given a $1.45 dividend. This represents a $5.80 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Monday, September 8th. FedEx's dividend payout ratio (DPR) is 34.36%.

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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