FedEx Corporation $FDX Shares Sold by EverSource Wealth Advisors LLC

Key Points

• EverSource Wealth Advisors LLC has significantly reduced its holdings in FedEx Corporation by 64.8%, owning only 2,422 shares valued at approximately $591,000 following the sale of 4,453 shares.
• Several institutional investors have increased their stakes in FedEx, with notable growth from Townsquare Capital LLC (up 26.5%) and Gamco Investors (up 103.0%) in the fourth quarter.
• FedEx announced a quarterly dividend of $1.45, which will be paid on October 1st, representing an annualized dividend of $5.80 and a yield of 2.6%.

EverSource Wealth Advisors LLC lessened its stake in FedEx Corporation (NYSE:FDX - Free Report) by 64.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,422 shares of the shipping service provider's stock after selling 4,453 shares during the quarter. EverSource Wealth Advisors LLC's holdings in FedEx were worth $591,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in FDX. Vanguard Group Inc. increased its holdings 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 valued at $4,994,848,000 after purchasing an additional 289,655 shares in the last quarter. Invesco Ltd. increased its holdings in 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 purchasing an additional 43,989 shares in the last quarter. Northern Trust Corp increased its stake in FedEx by 13.1% during the 4th quarter. Northern Trust Corp now owns 2,357,017 shares of the shipping service provider's stock worth $663,100,000 after buying an additional 273,478 shares during the period. ACR Alpine Capital Research LLC increased its stake in FedEx by 85.9% during 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 buying an additional 732,266 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in FedEx by 0.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,506,226 shares of the shipping service provider's stock worth $367,188,000 after buying an additional 5,490 shares during the period. Institutional investors and hedge funds own 84.47% of the company's stock.

Insider Activity

In other news, Director Marvin R. Ellison sold 3,610 shares of FedEx stock in a transaction dated Wednesday, July 9th. The shares were sold at an average price of $236.94, for a total value of $855,353.40. Following the completion of the transaction, the director directly 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director R Brad Martin sold 2,123 shares of FedEx stock in a transaction dated 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 transaction, the director directly owned 8,935 shares of the company's stock, valued at $2,160,036.25. This trade represents a 19.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 9,343 shares of company stock valued at $2,228,816. Company insiders own 8.87% of the company's stock.

FedEx Stock Up 4.8%

Shares of FDX traded up $10.9110 during midday trading on Friday, hitting $236.1910. The company had a trading volume of 1,749,766 shares, compared to its average volume of 1,901,417. The company's 50 day moving average price is $229.94 and its 200 day moving average price is $230.99. The stock has a market cap of $55.73 billion, a price-to-earnings ratio of 13.99, a PEG ratio of 1.17 and a beta of 1.30. FedEx Corporation has a 52 week low of $194.29 and a 52 week high of $308.53. The company has a quick ratio of 1.15, a current ratio of 1.19 and a debt-to-equity ratio of 0.68.

FedEx (NYSE:FDX - Get Free Report) last released its earnings results on Tuesday, June 24th. The shipping service provider reported $6.07 earnings per share for the quarter, topping the consensus estimate of $5.98 by $0.09. The company had revenue of $22.20 billion during 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 quarter in the previous year, the firm earned $5.41 EPS. FedEx has set its Q1 2026 guidance at 3.400-4.000 EPS. On average, equities research analysts predict that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend is Monday, September 8th. This represents a $5.80 annualized dividend and a dividend yield of 2.5%. FedEx's payout ratio is 34.36%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on FDX shares. BNP Paribas Exane raised shares of FedEx from an "underperform" rating to an "outperform" rating and set a $270.00 price target on the stock in a research note on Thursday, July 3rd. Susquehanna lifted their price target on shares of FedEx from $290.00 to $295.00 and gave the stock a "positive" rating in a research note on Wednesday, June 25th. Truist Financial reaffirmed a "buy" rating and set a $275.00 price target on shares of FedEx in a research note on Wednesday, June 25th. Dbs Bank raised shares of FedEx from a "hold" rating to a "moderate buy" rating in a research note on Thursday. Finally, BMO Capital Markets dropped their price target on shares of FedEx from $275.00 to $260.00 and set a "market perform" rating on the stock in a research note on Monday, May 19th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $283.13.

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.