Invst LLC Sells 1,888 Shares of FedEx Corporation $FDX

Key Points

• Invst LLC reduced its holdings in FedEx by 25.8% in the 1st quarter, selling 1,888 shares, leaving them with a total of 5,420 shares valued at approximately $1.32 million.
• Directors of FedEx, including R Brad Martin and Marvin R. Ellison, sold a combined total of 9,343 shares in recent months, signaling a decrease in their ownership positions.
• FedEx's recent earnings report showed a beat on EPS estimates, reporting $6.07 per share, and its quarterly dividend of $1.45 indicates a dividend yield of 2.5%.

Invst LLC cut its holdings in FedEx Corporation (NYSE:FDX - Free Report) by 25.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,420 shares of the shipping service provider's stock after selling 1,888 shares during the period. Invst LLC's holdings in FedEx were worth $1,321,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in FDX. Nuveen LLC bought a new position in FedEx in the first quarter worth approximately $314,650,000. ACR Alpine Capital Research LLC raised its position in FedEx by 85.9% in the first quarter. ACR Alpine Capital Research LLC now owns 1,585,033 shares of the shipping service provider's stock worth $386,399,000 after acquiring an additional 732,266 shares during the period. GAMMA Investing LLC raised its position in FedEx by 18,202.1% in the first quarter. GAMMA Investing LLC now owns 545,586 shares of the shipping service provider's stock worth $133,003,000 after acquiring an additional 542,605 shares during the period. Worldquant Millennium Advisors LLC raised its position in FedEx by 276.1% in the fourth quarter. Worldquant Millennium Advisors LLC now owns 433,789 shares of the shipping service provider's stock worth $122,038,000 after acquiring an additional 318,448 shares during the period. Finally, Vanguard Group Inc. raised its position in FedEx by 1.4% in the first quarter. Vanguard Group Inc. now owns 20,489,161 shares of the shipping service provider's stock worth $4,994,848,000 after acquiring an additional 289,655 shares during the period. 84.47% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other FedEx news, Director R Brad Martin sold 2,123 shares of FedEx stock in a transaction on Monday, July 7th. The shares were 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 of the company's stock, valued at $2,160,036.25. This trade represents a 19.20% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Marvin R. Ellison sold 3,610 shares of FedEx stock in a transaction on Wednesday, July 9th. The stock was sold at an average price of $236.94, for a total transaction of $855,353.40. Following the completion of the transaction, the director directly owned 7,720 shares of the company's stock, valued at $1,829,176.80. The trade was a 31.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,343 shares of company stock valued at $2,228,816 in the last three months. Corporate insiders own 0.53% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on FDX shares. Susquehanna increased their price target on shares of FedEx from $290.00 to $295.00 and gave the stock a "positive" rating in a research report on Wednesday, June 25th. Dbs Bank upgraded shares of FedEx from a "hold" rating to a "moderate buy" rating in a research report on Thursday, August 21st. Stephens restated an "overweight" rating and set a $300.00 price objective on shares of FedEx in a research report on Tuesday, May 20th. Bank of America restated a "neutral" rating and set a $240.00 price objective (down from $245.00) on shares of FedEx in a research report on Thursday. Finally, BNP Paribas Exane upgraded shares of FedEx from an "underperform" rating to an "outperform" rating and set a $270.00 price objective on the stock in a research report on Thursday, July 3rd. One equities research 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 given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $282.54.

FedEx Stock Performance

FDX opened at $228.90 on Friday. The stock 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. The company has a fifty day moving average of $230.00 and a 200 day moving average of $227.81. FedEx Corporation has a fifty-two week low of $194.29 and a fifty-two week high of $308.53. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.15 and a current ratio of 1.19.

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

FedEx Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders 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 of this dividend is Monday, September 8th. FedEx's dividend payout ratio (DPR) is presently 34.36%.

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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