Founders Capital Management LLC Reduces Stock Position in FedEx Corporation $FDX

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 lowered its stake in FedEx Corporation (NYSE:FDX - Free Report) by 1.9% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 69,600 shares of the shipping service provider's stock after selling 1,368 shares during the period. FedEx makes up 2.7% of Founders Capital Management LLC's portfolio, making the stock its 9th largest holding. Founders Capital Management LLC's holdings in FedEx were worth $15,821,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Foster Group Inc. lifted its position in shares of FedEx by 1.5% during the 2nd quarter. Foster Group Inc. now owns 4,449 shares of the shipping service provider's stock valued at $1,011,000 after acquiring an additional 64 shares during the period. Chapin Davis Inc. raised its position in shares of FedEx by 16.2% in the 2nd quarter. Chapin Davis Inc. now owns 9,325 shares of the shipping service provider's stock valued at $2,120,000 after buying an additional 1,302 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of FedEx by 39.5% during the 2nd quarter. GAMMA Investing LLC now owns 3,121 shares of the shipping service provider's stock worth $709,000 after acquiring an additional 883 shares during the period. Ridgewood Investments LLC increased its stake in FedEx by 77.3% in the second quarter. Ridgewood Investments LLC now owns 1,431 shares of the shipping service provider's stock valued at $325,000 after acquiring an additional 624 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC raised its position in FedEx by 2.8% during the second quarter. U.S. Capital Wealth Advisors LLC now owns 3,442 shares of the shipping service provider's stock valued at $782,000 after purchasing an additional 94 shares in the last quarter. Institutional investors own 84.47% of the company's stock.

FedEx Stock Performance

FedEx stock opened at $232.10 on Monday. The firm has a fifty day simple moving average of $228.84 and a two-hundred day simple moving average of $226.29. The company has a quick ratio of 1.21, a current ratio of 1.25 and a debt-to-equity ratio of 0.73. FedEx Corporation has a twelve month low of $194.29 and a twelve month high of $308.53. The company has a market capitalization of $54.76 billion, a PE ratio of 13.55, a P/E/G ratio of 1.34 and a beta of 1.20.

FedEx (NYSE:FDX - Get Free Report) last announced its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $21.74 billion. During the same quarter in the previous year, the business earned $3.60 EPS. FedEx's revenue was up 3.1% compared to the same quarter last year. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. Research analysts expect that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 8th will be given a dividend of $1.45 per share. This represents a $5.80 annualized dividend and a yield of 2.5%. The ex-dividend date is Monday, September 8th. FedEx's payout ratio is 33.86%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on FDX shares. JPMorgan Chase & Co. decreased their price target on FedEx from $285.00 to $284.00 and set an "overweight" rating on the stock in a research note on Friday. Cowen reissued a "buy" rating on shares of FedEx in a research note on Wednesday, June 25th. Wall Street Zen lowered shares of FedEx from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. Barclays reissued an "overweight" rating and issued a $320.00 price objective (down previously from $330.00) on shares of FedEx in a research note on Wednesday, June 25th. Finally, Sanford C. Bernstein dropped their price target on FedEx from $249.00 to $247.00 and set a "market perform" rating for the company in a research note on Tuesday, September 16th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $275.85.

Insiders Place Their Bets

In related news, Director Marvin R. Ellison sold 3,610 shares of FedEx 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 in the company, 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 Securities & Exchange Commission, which can be accessed through this link. Also, Director R Brad Martin sold 2,123 shares of the company's 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 transaction, the director owned 8,935 shares of the company's stock, 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 have sold 9,343 shares of company stock worth $2,228,816. Company 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.

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