FedEx Corporation $FDX Shares Sold by Mather Group LLC.

Key Points

• Mather Group LLC has reduced its stake in FedEx Corporation by 24.5%, now holding 3,845 shares valued at $874,000.
• Several institutional investors have increased their holdings in FedEx, with notable increases including ACR Alpine Capital Research LLC and GAMMA Investing LLC, indicating strong institutional interest.
• FedEx reported better-than-expected quarterly earnings of $3.83 EPS, exceeding analyst estimates, alongside a revenue of $22.20 billion, which was also above expectations.

Mather Group LLC. cut its stake in FedEx Corporation (NYSE:FDX - Free Report) by 24.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,845 shares of the shipping service provider's stock after selling 1,245 shares during the period. Mather Group LLC.'s holdings in FedEx were worth $874,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of FDX. Nuveen LLC acquired a new stake in FedEx in the 1st quarter worth approximately $314,650,000. ACR Alpine Capital Research LLC boosted its stake in 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 worth $386,399,000 after purchasing an additional 732,266 shares in the last quarter. GAMMA Investing LLC boosted its stake in FedEx by 18,202.1% in the 1st quarter. GAMMA Investing LLC now owns 545,586 shares of the shipping service provider's stock worth $133,003,000 after purchasing an additional 542,605 shares in the last quarter. Vanguard Group Inc. boosted its stake in FedEx by 1.4% in 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 in the last quarter. Finally, Canada Pension Plan Investment Board boosted its stake in FedEx by 302.6% in the 1st quarter. Canada Pension Plan Investment Board now owns 352,296 shares of the shipping service provider's stock worth $85,883,000 after purchasing an additional 264,792 shares in the last quarter. 84.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at FedEx

In other news, Director R Brad Martin sold 2,123 shares of the company'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 sale, the director owned 8,935 shares of the company's stock, valued at $2,160,036.25. This represents a 19.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Marvin R. Ellison sold 3,610 shares of the company's stock in a transaction on Wednesday, July 9th. The stock was sold at an average price of $236.94, for a total transaction of $855,353.40. Following the sale, the director directly owned 7,720 shares of the company's stock, valued at $1,829,176.80. The trade was a 31.86% decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,343 shares of company stock valued at $2,228,816 over the last 90 days. 0.53% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Raymond James Financial restated an "outperform" rating and set a $255.00 price objective on shares of FedEx in a research note on Thursday, September 18th. Wall Street Zen cut shares of FedEx from a "buy" rating to a "hold" rating in a research note on Saturday, August 16th. BNP Paribas Exane upgraded shares of FedEx from an "underperform" rating to an "outperform" rating and set a $270.00 price objective for the company in a research note on Thursday, July 3rd. Citigroup lifted their price objective on shares of FedEx from $275.00 to $279.00 and gave the company a "buy" rating in a research note on Friday, September 19th. Finally, Barclays restated an "overweight" rating and set a $320.00 price objective (down from $330.00) on shares of FedEx in a research note on Wednesday, June 25th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, nine have assigned a Hold rating and one has 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 price target of $271.67.

FedEx Price Performance

Shares of NYSE FDX opened at $236.36 on Friday. The firm has a market cap of $55.77 billion, a PE ratio of 13.80, a PEG ratio of 1.30 and a beta of 1.20. The firm has a fifty day moving average of $229.08 and a 200 day moving average of $226.16. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.21 and a current ratio of 1.25. FedEx Corporation has a one year low of $194.29 and a one year high of $308.53.

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

FedEx Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 8th will be issued a dividend of $1.45 per share. The ex-dividend date of this dividend is Monday, September 8th. This represents a $5.80 dividend on an annualized basis and a dividend yield of 2.5%. FedEx's dividend payout ratio is presently 33.86%.

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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