UniSuper Management Pty Ltd Sells 90,229 Shares of FedEx Corporation $FDX

Key Points

• UniSuper Management Pty Ltd reduced its stake in FedEx by 41.9%, now holding approximately 0.05% of the company's stock, worth about $30.54 million.
• FedEx's recent quarterly earnings reported an EPS of $6.07, exceeding analyst expectations, with a revenue of $22.20 billion.
• The company announced a quarterly dividend of $1.45 per share, reflecting an annualized yield of 2.6%, scheduled for payment on October 1st.

UniSuper Management Pty Ltd reduced its stake in FedEx Corporation (NYSE:FDX - Free Report) by 41.9% during the first quarter, according to its most recent filing with the SEC. The fund owned 125,293 shares of the shipping service provider's stock after selling 90,229 shares during the quarter. UniSuper Management Pty Ltd owned 0.05% of FedEx worth $30,544,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Aaron Wealth Advisors LLC boosted its holdings in shares of FedEx by 2.6% in the 1st quarter. Aaron Wealth Advisors LLC now owns 1,875 shares of the shipping service provider's stock worth $457,000 after buying an additional 48 shares during the last quarter. SouthState Corp boosted its holdings in shares of FedEx by 3.5% in the 1st quarter. SouthState Corp now owns 1,431 shares of the shipping service provider's stock worth $349,000 after buying an additional 48 shares during the last quarter. Benin Management CORP boosted its holdings in shares of FedEx by 0.3% in the 1st quarter. Benin Management CORP now owns 16,198 shares of the shipping service provider's stock worth $3,949,000 after buying an additional 50 shares during the last quarter. Evanson Asset Management LLC boosted its holdings in shares of FedEx by 6.0% in the 1st quarter. Evanson Asset Management LLC now owns 879 shares of the shipping service provider's stock worth $214,000 after buying an additional 50 shares during the last quarter. Finally, Hendershot Investments Inc. boosted its holdings in shares of FedEx by 4.3% in the 1st quarter. Hendershot Investments Inc. now owns 1,207 shares of the shipping service provider's stock worth $294,000 after buying an additional 50 shares during the last quarter. 84.47% of the stock is owned by hedge funds and other institutional investors.

FedEx Price Performance

FDX traded up $0.83 on Tuesday, reaching $225.83. The company had a trading volume of 1,192,227 shares, compared to its average volume of 1,621,838. The business has a 50 day simple moving average of $230.50 and a 200 day simple moving average of $227.99. The company has a market cap of $53.28 billion, a price-to-earnings ratio of 13.38, a P/E/G ratio of 1.18 and a beta of 1.20. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.15 and a current ratio of 1.19. FedEx Corporation has a 52-week low of $194.29 and a 52-week high of $308.53.

FedEx (NYSE:FDX - Get Free Report) last announced its earnings results on Tuesday, June 24th. The shipping service provider reported $6.07 earnings per share 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 the consensus estimate of $21.86 billion. FedEx had a net margin of 4.65% and a return on equity of 16.34%. During the same period last year, the firm posted $5.41 earnings per share. FedEx has set its Q1 2026 guidance at 3.400-4.000 EPS. As a group, sell-side analysts anticipate that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Dividend Announcement

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

Insider Activity

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

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on FDX. Bank of America cut their price target on shares of FedEx from $270.00 to $245.00 and set a "buy" rating on the stock in a report on Wednesday, June 25th. Cowen reaffirmed a "buy" rating on shares of FedEx in a report on Wednesday, June 25th. Raymond James Financial reaffirmed an "outperform" rating and set a $260.00 price objective (down from $275.00) on shares of FedEx in a report on Wednesday, June 25th. Susquehanna upped their price objective on shares of FedEx from $290.00 to $295.00 and gave the company a "positive" rating in a report on Wednesday, June 25th. Finally, Sanford C. Bernstein dropped their price objective on shares of FedEx from $282.00 to $249.00 and set a "market perform" rating on the stock in a report on Friday, June 13th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, FedEx currently has a consensus rating of "Moderate Buy" and an average target price of $282.75.

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.