Focused Investors LLC Sells 11,900 Shares of FedEx Corporation $FDX

Key Points

• Focused Investors LLC reduced its FedEx stake by 2.5% in the first quarter, selling 11,900 shares and leaving it with 468,900 shares valued at about $167 million. FedEx still makes up roughly 5.4% of the fund’s portfolio.
• FedEx insiders also sold shares, with EVP Gina F. Adams and EVP Tracy B. Brightman together disposing of more than 37,000 shares in April. Insiders sold 48,104 shares worth about $17.6 million over the last quarter.
• The company reported better-than-expected quarterly results, posting $5.25 EPS on $24 billion in revenue, and it recently declared a quarterly dividend of $1.22 per share. However, several analysts have trimmed price targets recently, even as the stock maintains a “Moderate Buy” consensus.

Focused Investors LLC trimmed its holdings in FedEx Corporation (NYSE:FDX - Free Report) by 2.5% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 468,900 shares of the shipping service provider's stock after selling 11,900 shares during the period. FedEx accounts for approximately 5.4% of Focused Investors LLC's portfolio, making the stock its 7th largest position. Focused Investors LLC owned about 0.20% of FedEx worth $167,013,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. EFG International AG purchased a new position in shares of FedEx during the fourth quarter worth about $27,000. Wealth Watch Advisors INC purchased a new stake in FedEx during the 3rd quarter valued at approximately $28,000. Ameriflex Group Inc. raised its stake in FedEx by 103.3% during the 3rd quarter. Ameriflex Group Inc. now owns 124 shares of the shipping service provider's stock valued at $29,000 after acquiring an additional 63 shares during the last quarter. Ulland Investment Advisors LLC acquired a new stake in FedEx during the 4th quarter worth approximately $29,000. Finally, Tucker Asset Management LLC acquired a new stake in FedEx during the 4th quarter worth approximately $29,000. Institutional investors and hedge funds own 84.47% of the company's stock.

Insider Transactions at FedEx

In other news, EVP Gina F. Adams sold 20,450 shares of the business's stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $366.45, for a total transaction of $7,493,902.50. Following the sale, the executive vice president owned 19,403 shares of the company's stock, valued at $7,110,229.35. The trade was a 51.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Tracy B. Brightman sold 16,959 shares of the firm's stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $363.47, for a total value of $6,164,087.73. Following the completion of the transaction, the executive vice president directly owned 11,052 shares of the company's stock, valued at $4,017,070.44. The trade was a 60.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 48,104 shares of company stock worth $17,599,006 over the last quarter. Insiders own 0.53% of the company's stock.

FedEx Stock Performance

Shares of FDX opened at $326.36 on Monday. The company has a quick ratio of 1.44, a current ratio of 1.47 and a debt-to-equity ratio of 0.77. FedEx Corporation has a 52-week low of $172.88 and a 52-week high of $345.36. The company has a 50-day simple moving average of $368.64 and a 200-day simple moving average of $345.13. The company has a market capitalization of $77.87 billion, a PE ratio of 17.37, a P/E/G ratio of 1.48 and a beta of 1.28.

FedEx (NYSE:FDX - Get Free Report) last issued its earnings results on Thursday, March 19th. The shipping service provider reported $5.25 earnings per share for the quarter, topping the consensus estimate of $4.12 by $1.13. FedEx had a net margin of 4.88% and a return on equity of 16.76%. The company had revenue of $24 billion for the quarter, compared to analyst estimates of $23.44 billion. During the same period in the prior year, the business posted $4.51 earnings per share. The firm's revenue for the quarter was up 8.3% compared to the same quarter last year. Equities research analysts predict that FedEx Corporation will post 19.78 earnings per share for the current fiscal year.

FedEx Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Monday, June 22nd will be given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Monday, June 22nd. FedEx's dividend payout ratio (DPR) is presently 30.87%.

FedEx News Summary

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: FedEx enters earnings with strong year-to-date gains of roughly 40%, supported by restructuring efforts and improving profitability, which could keep investor sentiment constructive if management delivers another solid outlook.
• Positive Sentiment: Analysts and preview coverage suggest expectations are high but manageable, with consensus forecasts calling for about $5.96 EPS and $24 billion in revenue for the quarter, leaving room for a beat if shipping demand holds up. FedEx (FDX) Q4 Earnings Preview: Should Investors Buy Before Tuesday’s Report?
• Positive Sentiment: Some investors are positioning for volatility around earnings, with options activity highlighting elevated implied volatility ahead of the June 23 release, which often signals a potentially large post-earnings move. Bear Call Spread Ideas for FedEx Earnings Next Week
• Neutral Sentiment: FedEx also received a 2026 FedEx Compatible Community Tier partner announcement from Kuebix by FreightWise, which is a positive ecosystem development but unlikely to materially move the stock on its own. Kuebix by FreightWise Named FedEx Compatible Community Tier Partner for 2026
• Neutral Sentiment: FedEx’s fuel surcharge update, effective June 22, will raise export shipment fees while lowering import rates, a change that could affect mix and customer behavior but is not clearly a major earnings driver yet. FedEx fuel surcharge change raises heat on export shipments
• Negative Sentiment: Evercore trimmed its price target on FedEx to $355 from $390, signaling slightly softer analyst expectations even though the new target still implies upside from current levels. Evercore adjusts price target on FedEx to 355 from 390
• Negative Sentiment: Recent trading also showed FDX slipping more than the broader market, reflecting some pre-earnings caution as investors wait for confirmation that the recent run-up can continue. FedEx (FDX) Sees a More Significant Dip Than Broader Market: Some Facts to Know

Analyst Ratings Changes

FDX has been the topic of a number of recent research reports. Wolfe Research dropped their target price on FedEx from $427.00 to $423.00 and set an "outperform" rating on the stock in a report on Tuesday, April 7th. The Goldman Sachs Group cut their price target on FedEx from $405.00 to $375.00 and set a "buy" rating for the company in a research note on Monday, June 1st. HSBC decreased their price target on FedEx from $360.00 to $289.89 and set a "hold" rating for the company in a report on Monday, June 1st. Wells Fargo & Company lowered their price objective on shares of FedEx from $450.00 to $425.00 and set an "overweight" rating on the stock in a research report on Wednesday. Finally, Rothschild & Co Redburn dropped their price objective on shares of FedEx from $375.00 to $344.00 and set a "neutral" rating on the stock in a research note on Tuesday, June 2nd. Eighteen analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $367.76.

FedEx Profile

FedEx Corporation NYSE: FDX is a global logistics and courier company headquartered in Memphis, Tennessee. Founded by Frederick W. Smith in 1971 and beginning operations in the early 1970s, the company pioneered overnight express shipping and has since expanded into a diversified portfolio of transportation, e-commerce and supply-chain services. FedEx operates an integrated air-and-ground network that moves parcels, freight and documents for businesses and consumers worldwide.

FedEx's core operating segments include express parcel delivery via its FedEx Express division, domestic and residential parcel delivery through FedEx Ground, less-than-truckload (LTL) freight services, and logistics and supply-chain management solutions.

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