Federation des caisses Desjardins du Quebec Decreases Stock Holdings in FedEx Corporation $FDX

Key Points

• Federation des caisses Desjardins du Quebec reduced its stake in FedEx by 28.9%, owning 134,730 shares valued at approximately $32.8 million.
• Several large institutional investors, including Nuveen LLC and ACR Alpine Capital Research LLC, made significant changes to their positions in FedEx during the 1st quarter.
• FedEx recently declared a quarterly dividend of $1.45 per share, with an annualized yield of 2.5%, which will be paid to stockholders on October 1st.

Federation des caisses Desjardins du Quebec cut its stake in FedEx Corporation (NYSE:FDX - Free Report) by 28.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 134,730 shares of the shipping service provider's stock after selling 54,889 shares during the quarter. Federation des caisses Desjardins du Quebec owned approximately 0.06% of FedEx worth $32,845,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Golden State Wealth Management LLC lifted its stake in FedEx by 21.1% in the 1st quarter. Golden State Wealth Management LLC now owns 362 shares of the shipping service provider's stock valued at $88,000 after buying an additional 63 shares in the last quarter. NBC Securities Inc. purchased a new position in FedEx in the 1st quarter worth approximately $147,000. Farther Finance Advisors LLC lifted its stake in FedEx by 27.6% in the 1st quarter. Farther Finance Advisors LLC now owns 2,223 shares of the shipping service provider's stock worth $538,000 after purchasing an additional 481 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in FedEx by 6.1% in the 1st quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 160,596 shares of the shipping service provider's stock worth $39,150,000 after purchasing an additional 9,216 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in FedEx by 21.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 92,967 shares of the shipping service provider's stock worth $22,664,000 after purchasing an additional 16,490 shares in the last quarter. 84.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on FDX shares. Raymond James Financial reissued an "outperform" rating and issued a $260.00 target price (down from $275.00) on shares of FedEx in a research note on Wednesday, June 25th. BMO Capital Markets decreased their target price 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. Cowen reissued a "buy" rating on shares of FedEx in a research note on Wednesday, June 25th. Barclays reaffirmed an "overweight" rating and set a $320.00 price target (down previously from $330.00) on shares of FedEx in a research report on Wednesday, June 25th. Finally, Wall Street Zen lowered shares of FedEx from a "buy" rating to a "hold" rating in a research report on Saturday, August 16th. One investment 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 given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $282.75.

FedEx Trading Up 1.0%

FedEx stock traded up $2.15 during trading on Friday, hitting $227.43. The company had a trading volume of 1,665,375 shares, compared to its average volume of 1,576,301. FedEx Corporation has a 1-year low of $194.29 and a 1-year high of $308.53. The company has a current ratio of 1.19, a quick ratio of 1.15 and a debt-to-equity ratio of 0.68. The company's 50 day simple moving average is $230.73 and its 200-day simple moving average is $228.75. The stock has a market cap of $53.66 billion, a price-to-earnings ratio of 13.47, a price-to-earnings-growth ratio of 1.17 and a beta of 1.20.

FedEx (NYSE:FDX - Get Free Report) last posted its 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. FedEx had a net margin of 4.65% and a return on equity of 16.34%. The firm had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $21.86 billion. During the same quarter last year, the firm earned $5.41 EPS. FedEx has set its Q1 2026 guidance at 3.400-4.000 EPS. As a group, analysts expect that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Investors 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 is Monday, September 8th. FedEx's dividend payout ratio (DPR) is 34.36%.

Insiders Place Their Bets

In other FedEx news, Director R Brad Martin sold 2,123 shares of the business's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $241.75, for a total value of $513,235.25. Following the completion of the transaction, the director owned 8,935 shares in the company, valued at $2,160,036.25. The trade was a 19.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 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 transaction of $860,226.90. Following the completion of the transaction, the director owned 15,513 shares of the company's stock, valued at approximately $3,696,592.77. This trade represents a 18.88% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,343 shares of company stock worth $2,228,816 over the last 90 days. Corporate 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.