Hancock Whitney Corp Has $4.30 Million Stake in FedEx Corporation $FDX

Key Points

• Hancock Whitney Corp reduced its holdings in FedEx by 11.4%, selling 2,278 shares and retaining 17,627 shares valued at approximately $4.3 million.
• FedEx reported a Q1 EPS of $6.07, surpassing analyst expectations and showing a net margin of 4.65% on revenues of $22.2 billion.
• The company announced a quarterly dividend of $1.45 per share, with an ex-dividend date set for September 8th, resulting in a dividend yield of 2.6%.

Hancock Whitney Corp reduced its position in FedEx Corporation (NYSE:FDX - Free Report) by 11.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,627 shares of the shipping service provider's stock after selling 2,278 shares during the quarter. Hancock Whitney Corp's holdings in FedEx were worth $4,297,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nuveen LLC bought a new position in shares of FedEx during the first quarter valued at approximately $314,650,000. ACR Alpine Capital Research LLC grew its holdings in shares of FedEx by 85.9% during the first quarter. ACR Alpine Capital Research LLC now owns 1,585,033 shares of the shipping service provider's stock valued at $386,399,000 after purchasing an additional 732,266 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of FedEx by 18,202.1% during the first quarter. GAMMA Investing LLC now owns 545,586 shares of the shipping service provider's stock valued at $133,003,000 after purchasing an additional 542,605 shares during the last quarter. Worldquant Millennium Advisors LLC grew its holdings in shares of FedEx by 276.1% during the fourth quarter. Worldquant Millennium Advisors LLC now owns 433,789 shares of the shipping service provider's stock valued at $122,038,000 after purchasing an additional 318,448 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of FedEx by 1.4% during the first 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 during the last quarter. 84.47% of the stock is owned by institutional investors.

Insider Transactions at FedEx

In other news, Director Marvin R. Ellison sold 3,610 shares of the company's 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 transaction, the director directly owned 7,720 shares of the company's stock, valued at approximately $1,829,176.80. This represents a 31.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Paul S. Walsh sold 3,610 shares of the company'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 directly owned 15,513 shares in the company, valued at $3,696,592.77. This trade represents a 18.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,343 shares of company stock valued at $2,228,816. 0.53% of the stock is owned by insiders.

FedEx Price Performance

Shares of NYSE:FDX traded down $3.05 on Monday, reaching $224.67. 2,092,140 shares of the company traded hands, compared to its average volume of 1,962,471. FedEx Corporation has a fifty-two week low of $194.29 and a fifty-two week high of $308.53. The company's 50 day moving average is $230.73 and its 200-day moving average is $228.21. The stock has a market capitalization of $53.01 billion, a PE ratio of 13.31, a P/E/G ratio of 1.19 and a beta of 1.20. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.19 and a quick ratio of 1.15.

FedEx (NYSE:FDX - Get Free Report) last announced its quarterly earnings data on Tuesday, June 24th. The shipping service provider reported $6.07 EPS for the quarter, beating analysts' consensus estimates of $5.98 by $0.09. FedEx had a return on equity of 16.34% and a net margin of 4.65%.The company had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $21.86 billion. During the same quarter in the prior year, the firm earned $5.41 EPS. FedEx has set its Q1 2026 guidance at 3.400-4.000 EPS. As a group, analysts anticipate that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 8th will be paid a $1.45 dividend. The ex-dividend date of this dividend is Monday, September 8th. This represents a $5.80 dividend on an annualized basis and a dividend yield of 2.6%. FedEx's dividend payout ratio is 34.36%.

Analyst Ratings Changes

Several equities analysts have recently commented on FDX shares. Wall Street Zen lowered FedEx from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. Barclays reiterated an "overweight" rating and set a $320.00 price objective (down from $330.00) on shares of FedEx in a research report on Wednesday, June 25th. BNP Paribas Exane upgraded FedEx from an "underperform" rating to an "outperform" rating and set a $270.00 price objective for the company in a research report on Thursday, July 3rd. Stephens reiterated an "overweight" rating and set a $300.00 price objective on shares of FedEx in a research report on Tuesday, May 20th. Finally, Wells Fargo & Company boosted their price objective on FedEx from $220.00 to $235.00 and gave the stock an "equal weight" rating in a research report on Wednesday, June 25th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, FedEx currently has an average rating of "Moderate Buy" and a consensus target price of $282.75.

FedEx 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.