FedEx Corporation $FDX Shares Sold by Sicart Associates LLC

Key Points

• Sicart Associates LLC has reduced its FedEx shares by 24.5% in the second quarter, now holding 19,862 shares worth approximately $4.51 million.
• FedEx reported an EPS of $3.83 for the last quarter, exceeding analysts' expectations, and experienced a year-over-year revenue increase of 3.1%.
• The company declared a quarterly dividend of $1.45, representing an annualized yield of 2.5%, with a payout ratio of 33.86%.

Sicart Associates LLC reduced its position in FedEx Corporation (NYSE:FDX - Free Report) by 24.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 19,862 shares of the shipping service provider's stock after selling 6,456 shares during the quarter. FedEx comprises approximately 1.6% of Sicart Associates LLC's investment portfolio, making the stock its 24th largest position. Sicart Associates LLC's holdings in FedEx were worth $4,515,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Abound Financial LLC purchased a new stake in FedEx in the 1st quarter valued at $38,000. WPG Advisers LLC purchased a new stake in FedEx in the 1st quarter valued at $43,000. Cary Street Partners Investment Advisory LLC grew its holdings in FedEx by 60.7% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 188 shares of the shipping service provider's stock valued at $46,000 after buying an additional 71 shares in the last quarter. SOA Wealth Advisors LLC. grew its holdings in FedEx by 60.6% in the 1st quarter. SOA Wealth Advisors LLC. now owns 249 shares of the shipping service provider's stock valued at $61,000 after buying an additional 94 shares in the last quarter. Finally, Alpine Bank Wealth Management purchased a new stake in FedEx in the 1st quarter valued at $65,000. 84.47% of the stock is owned by institutional investors and hedge funds.

FedEx Stock Performance

Shares of FedEx stock opened at $235.73 on Wednesday. The business has a 50-day moving average of $229.60 and a 200 day moving average of $225.93. FedEx Corporation has a 12 month low of $194.29 and a 12 month high of $308.53. The stock has a market capitalization of $55.62 billion, a price-to-earnings ratio of 13.76, a price-to-earnings-growth ratio of 1.31 and a beta of 1.20. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.25 and a quick ratio of 1.21.

FedEx (NYSE:FDX - Get Free Report) last announced its earnings results on Thursday, September 18th. The shipping service provider reported $3.83 EPS for the quarter, beating analysts' consensus estimates of $3.71 by $0.12. The company had revenue of $22.20 billion during the quarter, compared to analysts' expectations of $21.74 billion. FedEx had a return on equity of 16.33% and a net margin of 4.65%.FedEx's revenue for the quarter was up 3.1% on a year-over-year basis. During the same period last year, the business posted $3.60 EPS. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. As a group, sell-side analysts forecast that FedEx Corporation will post 19.14 earnings per share for the current year.

FedEx Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders 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 dividend on an annualized basis and a yield of 2.5%. FedEx's dividend payout ratio (DPR) is currently 33.86%.

Wall Street Analyst Weigh In

Several analysts have issued reports on FDX shares. Evercore ISI dropped their target price on FedEx from $243.00 to $239.00 in a report on Friday, September 19th. Wells Fargo & Company increased their price target on FedEx from $235.00 to $250.00 and gave the stock an "equal weight" rating in a report on Friday, September 19th. Bank of America increased their price target on FedEx from $240.00 to $244.00 and gave the stock a "neutral" rating in a report on Friday, September 19th. Dbs Bank upgraded FedEx from a "hold" rating to a "moderate buy" rating in a report on Thursday, August 21st. Finally, JPMorgan Chase & Co. lowered their price target on FedEx from $285.00 to $284.00 and set an "overweight" rating for the company in a report on Friday, September 19th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, FedEx currently has an average rating of "Moderate Buy" and a consensus target price of $271.67.

Insider Buying and Selling at FedEx

In other FedEx news, Director R Brad Martin sold 2,123 shares of the stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $241.75, for a total value of $513,235.25. Following the sale, the director owned 8,935 shares of the company's stock, valued at $2,160,036.25. This trade represents a 19.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Paul S. Walsh sold 3,610 shares of the stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $238.29, for a total value of $860,226.90. Following the completion of the sale, the director directly owned 15,513 shares in the company, valued at $3,696,592.77. This represents a 18.88% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,343 shares of company stock valued at $2,228,816 in the last quarter. Corporate insiders own 0.53% of the company's stock.

FedEx Company 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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