FedEx Corporation $FDX Shares Sold by OMERS ADMINISTRATION Corp

Key Points

• OMERS ADMINISTRATION Corp reduced its stake in FedEx Corporation by 14.4% during the first quarter, now owning 8,451 shares valued at approximately $2,060,000.
• Analysts have mixed ratings on FedEx, with a consensus target price of $282.96 and ratings ranging from "Strong Buy" to "Sell" based on recent performance and changes in price objectives.
• FedEx announced a quarterly dividend of $1.45 per share, with a yield of 2.5%, set to be paid on October 1st for shareholders on record by September 8th.

OMERS ADMINISTRATION Corp lowered its position in shares of FedEx Corporation (NYSE:FDX - Free Report) by 14.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,451 shares of the shipping service provider's stock after selling 1,419 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in FedEx were worth $2,060,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC increased its holdings in shares of FedEx by 12.8% during the fourth quarter. Brighton Jones LLC now owns 1,825 shares of the shipping service provider's stock valued at $514,000 after acquiring an additional 207 shares in the last quarter. Accredited Wealth Management LLC bought a new position in shares of FedEx during the 4th quarter valued at approximately $35,000. Arrowroot Family Office LLC purchased a new position in FedEx in the 4th quarter worth approximately $292,000. Aptus Capital Advisors LLC raised its holdings in shares of FedEx by 227.9% during the 4th quarter. Aptus Capital Advisors LLC now owns 9,149 shares of the shipping service provider's stock worth $2,584,000 after acquiring an additional 6,359 shares in the last quarter. Finally, BLI Banque de Luxembourg Investments purchased a new stake in shares of FedEx during the 4th quarter worth approximately $11,191,000. Hedge funds and other institutional investors own 84.47% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Wells Fargo & Company increased their price target on FedEx from $220.00 to $235.00 and gave the company an "equal weight" rating in a report on Wednesday, June 25th. Stephens reissued an "overweight" rating and set a $300.00 price target on shares of FedEx in a research report on Tuesday, May 20th. Raymond James Financial reissued an "outperform" rating and set a $260.00 price target (down previously from $275.00) on shares of FedEx in a research report on Wednesday, June 25th. Citigroup dropped their price objective on FedEx from $278.00 to $275.00 and set a "buy" rating on the stock in a research report on Monday, August 18th. Finally, TD Cowen dropped their price objective on FedEx from $310.00 to $269.00 and set a "buy" rating on the stock in a research report on Wednesday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $282.96.

FedEx Stock Performance

FDX stock traded up $0.80 during trading on Wednesday, hitting $224.98. 1,723,816 shares of the company traded hands, compared to its average volume of 1,964,602. The stock's 50-day simple moving average is $230.63 and its 200 day simple moving average is $229.35. 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 cap of $53.08 billion, a PE ratio of 13.33, a P/E/G ratio of 1.20 and a beta of 1.20. FedEx Corporation has a 1 year low of $194.29 and a 1 year high of $308.53.

FedEx (NYSE:FDX - Get Free Report) last announced its quarterly earnings results on Tuesday, June 24th. The shipping service provider reported $6.07 earnings per share for the quarter, beating the consensus estimate of $5.98 by $0.09. The company had revenue of $22.20 billion during 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 last 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 expect that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 8th will be issued a $1.45 dividend. This represents a $5.80 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Monday, September 8th. FedEx's dividend payout ratio (DPR) is presently 34.36%.

Insider Buying and Selling at FedEx

In other news, Director Marvin R. Ellison sold 3,610 shares of FedEx stock in a transaction that occurred on Wednesday, July 9th. The stock was sold at an average price of $236.94, for a total value 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Paul S. Walsh sold 3,610 shares of the business's stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $238.29, for a total value of $860,226.90. Following the transaction, the director directly owned 15,513 shares in the company, valued at $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 three months, insiders have sold 9,343 shares of company stock valued at $2,228,816. Company insiders own 0.53% of the company's stock.

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.