FedEx Corporation $FDX Holdings Trimmed by Founders Capital Management LLC

Key Points

• Founders Capital Management LLC has decreased its stake in FedEx by 1.9%, reducing their holdings to 69,600 shares, valued at approximately $15.8 million.
• FedEx reported a quarterly earnings per share of $3.83, surpassing analysts' expectations of $3.71, and reported a revenue of $22.20 billion.
• The company announced a quarterly dividend of $1.45 per share, resulting in a 2.5% yield for investors, with a payout ratio of 33.86%.

Founders Capital Management LLC lessened its holdings in shares of FedEx Corporation (NYSE:FDX - Free Report) by 1.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 69,600 shares of the shipping service provider's stock after selling 1,368 shares during the period. FedEx accounts for approximately 2.7% of Founders Capital Management LLC's holdings, making the stock its 9th biggest position. Founders Capital Management LLC's holdings in FedEx were worth $15,821,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of FDX. Vanguard Group Inc. raised its position in shares of FedEx by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 20,489,161 shares of the shipping service provider's stock worth $4,994,848,000 after purchasing an additional 289,655 shares during the last quarter. Invesco Ltd. raised its position in FedEx by 1.4% in the 1st quarter. Invesco Ltd. now owns 3,264,993 shares of the shipping service provider's stock worth $795,940,000 after buying an additional 43,989 shares during the last quarter. Hotchkis & Wiley Capital Management LLC raised its position in FedEx by 7.1% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 2,030,687 shares of the shipping service provider's stock worth $495,041,000 after buying an additional 135,290 shares during the last quarter. ACR Alpine Capital Research LLC raised its position in FedEx by 85.9% in 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 last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in FedEx by 0.4% in 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 last quarter. Institutional investors own 84.47% of the company's stock.

Insider Transactions at FedEx

In related news, Director R Brad Martin sold 2,123 shares of the stock in a transaction on Monday, July 7th. The stock was sold at an average price of $241.75, for a total transaction of $513,235.25. Following the sale, the director owned 8,935 shares in the company, valued at approximately $2,160,036.25. This represents a 19.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, 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 value of $855,353.40. Following the sale, the director owned 7,720 shares in the company, valued at $1,829,176.80. The trade was a 31.86% 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 ninety days. Corporate insiders own 0.53% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on FDX shares. HSBC boosted their target price on FedEx from $230.00 to $235.00 in a research report on Friday. Truist Financial reaffirmed a "buy" rating and set a $275.00 price target on shares of FedEx in a research report on Wednesday, June 25th. Bank of America upped their price target on shares of FedEx from $240.00 to $244.00 and gave the company a "neutral" rating in a research report on Friday. Raymond James Financial reaffirmed an "outperform" rating and set a $255.00 price target on shares of FedEx in a research report on Thursday. Finally, Sanford C. Bernstein upped their price target on shares of FedEx from $247.00 to $250.00 and gave the company a "market perform" rating in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $271.67.

FedEx Stock Performance

Shares of NYSE:FDX traded down $1.35 during mid-day trading on Monday, reaching $230.40. 3,849,418 shares of the company traded hands, compared to its average volume of 2,232,425. The company's 50 day moving average price is $228.77 and its 200-day moving average price is $226.13. The firm has a market cap of $54.36 billion, a PE ratio of 13.45, a PEG ratio of 1.34 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 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 quarterly earnings data on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.71 by $0.12. FedEx had a return on equity of 16.33% and a net margin of 4.65%.The company had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $21.74 billion. During the same period in the previous year, the company posted $3.60 EPS. The firm's revenue was up 3.1% on a year-over-year basis. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. On average, equities analysts expect that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Dividend Announcement

The company 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 dividend of $1.45 per share. This represents a $5.80 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Monday, September 8th. FedEx's dividend payout ratio is 33.86%.

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.