Hodges Capital Management Inc. Sells 2,487 Shares of FedEx Corporation $FDX

Key Points

• Hodges Capital Management Inc. reduced its stake in FedEx by 22.0%, selling 2,487 shares and leaving it with 8,834 shares valued at approximately $2.15 million.
• FedEx reported an earnings per share (EPS) of $6.07 for the last quarter, exceeding analysts' expectations of $5.98, and generated $22.20 billion in revenue.
• The company declared a quarterly dividend of $1.45, which will be paid on October 1st, representing an annualized yield of 2.5% with a payout ratio of 34.36%.

Hodges Capital Management Inc. decreased its position in FedEx Corporation (NYSE:FDX - Free Report) by 22.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,834 shares of the shipping service provider's stock after selling 2,487 shares during the quarter. Hodges Capital Management Inc.'s holdings in FedEx were worth $2,153,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Aaron Wealth Advisors LLC grew its stake in shares of FedEx by 2.6% in the 1st quarter. Aaron Wealth Advisors LLC now owns 1,875 shares of the shipping service provider's stock valued at $457,000 after buying an additional 48 shares in the last quarter. SouthState Corp boosted its position in FedEx by 3.5% during the first quarter. SouthState Corp now owns 1,431 shares of the shipping service provider's stock worth $349,000 after purchasing an additional 48 shares during the period. Benin Management CORP boosted its position in FedEx by 0.3% during the first quarter. Benin Management CORP now owns 16,198 shares of the shipping service provider's stock worth $3,949,000 after purchasing an additional 50 shares during the period. Evanson Asset Management LLC boosted its position in FedEx by 6.0% during the first quarter. Evanson Asset Management LLC now owns 879 shares of the shipping service provider's stock worth $214,000 after purchasing an additional 50 shares during the period. Finally, Hendershot Investments Inc. boosted its position in FedEx by 4.3% during the first quarter. Hendershot Investments Inc. now owns 1,207 shares of the shipping service provider's stock worth $294,000 after purchasing an additional 50 shares during the period. Institutional investors own 84.47% of the company's stock.

FedEx Stock Performance

Shares of NYSE FDX opened at $228.90 on Friday. The business has a fifty day simple moving average of $230.00 and a 200 day simple moving average of $227.81. 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 firm has a market capitalization of $54.01 billion, a price-to-earnings ratio of 13.56, a PEG ratio of 1.18 and a beta of 1.20. FedEx Corporation has a one year low of $194.29 and a one year high of $308.53.

FedEx (NYSE:FDX - Get Free Report) last issued its earnings results 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. The business had revenue of $22.20 billion during the quarter, compared to analyst estimates of $21.86 billion. FedEx had a return on equity of 16.34% and a net margin of 4.65%.During the same period in the prior year, the company posted $5.41 earnings per share. FedEx has set its Q1 2026 guidance at 3.400-4.000 EPS. Sell-side analysts expect that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 8th will be paid a $1.45 dividend. This represents a $5.80 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Monday, September 8th. FedEx's dividend payout ratio is presently 34.36%.

Insider Activity at FedEx

In related news, 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 value of $513,235.25. Following the completion of the transaction, the director directly owned 8,935 shares in the company, valued at approximately $2,160,036.25. This represents a 19.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Paul S. Walsh sold 3,610 shares of the company's stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $238.29, for a total value of $860,226.90. Following the completion of the transaction, the director owned 15,513 shares of the company's stock, valued at $3,696,592.77. The trade was 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 sold 9,343 shares of company stock worth $2,228,816. 0.53% of the stock is owned by corporate insiders.

Analyst Ratings Changes

FDX has been the subject of a number of recent analyst reports. Dbs Bank raised FedEx from a "hold" rating to a "moderate buy" rating in a research report on Thursday, August 21st. Truist Financial reaffirmed a "buy" rating and set a $275.00 target price on shares of FedEx in a research report on Wednesday, June 25th. Wall Street Zen cut FedEx from a "buy" rating to a "hold" rating in a research report on Saturday, August 16th. Raymond James Financial reissued an "outperform" rating and issued a $260.00 price objective (down from $275.00) on shares of FedEx in a research report on Wednesday, June 25th. Finally, TD Cowen reduced their price objective on FedEx from $310.00 to $269.00 and set a "buy" rating for the company in a research report on Wednesday, June 25th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $282.54.

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.

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