Kestra Advisory Services LLC Sells 5,925 Shares of FedEx Corporation $FDX

Key Points

• Kestra Advisory Services LLC reduced its FedEx holdings by 14.1%, selling 5,925 shares and owning a total of 36,218 shares valued at approximately $8.83 million.
• FedEx's recent earnings report showed an EPS of $6.07 exceeding expectations, with revenue of $22.20 billion for the quarter.
• The company declared a quarterly dividend of $1.45 per share, with an annualized yield of 2.5%, payable on October 1st.

Kestra Advisory Services LLC lessened its holdings in shares of FedEx Corporation (NYSE:FDX - Free Report) by 14.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,218 shares of the shipping service provider's stock after selling 5,925 shares during the period. Kestra Advisory Services LLC's holdings in FedEx were worth $8,829,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Golden State Wealth Management LLC lifted its holdings in shares of FedEx by 21.1% during the 1st quarter. Golden State Wealth Management LLC now owns 362 shares of the shipping service provider's stock valued at $88,000 after purchasing an additional 63 shares in the last quarter. NBC Securities Inc. bought a new stake in FedEx in the 1st quarter valued at approximately $147,000. Farther Finance Advisors LLC boosted its position in FedEx by 27.6% during the 1st quarter. Farther Finance Advisors LLC now owns 2,223 shares of the shipping service provider's stock worth $538,000 after acquiring an additional 481 shares during the last quarter. Parvin Asset Management LLC bought a new position in shares of FedEx during the 4th quarter worth approximately $281,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in shares of FedEx by 6.1% in the first quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 160,596 shares of the shipping service provider's stock valued at $39,150,000 after purchasing an additional 9,216 shares during the last quarter. Institutional investors own 84.47% of the company's stock.

FedEx Stock Performance

Shares of FDX stock traded up $1.01 during trading on Wednesday, reaching $232.11. 1,083,883 shares of the company's stock were exchanged, compared to its average volume of 1,874,336. The company has a quick ratio of 1.15, a current ratio of 1.19 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $54.77 billion, a PE ratio of 13.75, a PEG ratio of 1.20 and a beta of 1.30. FedEx Corporation has a twelve month low of $194.29 and a twelve month high of $308.53. The firm's fifty day moving average price is $230.42 and its 200-day moving average price is $230.50.

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, topping analysts' consensus estimates of $5.98 by $0.09. The business had revenue of $22.20 billion for 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 previous year, the firm earned $5.41 EPS. FedEx has set its Q1 2026 guidance at 3.400-4.000 EPS. As a group, sell-side analysts anticipate that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Announces Dividend

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 issued a dividend of $1.45 per share. 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 2.5%. FedEx's payout ratio is presently 34.36%.

Analyst Upgrades and Downgrades

FDX has been the topic of a number of research reports. Truist Financial reissued a "buy" rating and issued a $275.00 price objective on shares of FedEx in a research report on Wednesday, June 25th. JPMorgan Chase & Co. boosted their price target on shares of FedEx from $260.00 to $290.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 25th. Wall Street Zen downgraded shares of FedEx from a "buy" rating to a "hold" rating in a research note on Saturday, August 16th. Barclays restated an "overweight" rating and issued a $320.00 price objective (down previously from $330.00) on shares of FedEx in a report on Wednesday, June 25th. Finally, Raymond James Financial reiterated an "outperform" rating and set a $260.00 target price (down previously from $275.00) on shares of FedEx in a report on Wednesday, June 25th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $283.13.

Insider Buying and Selling

In other FedEx news, Director Marvin R. Ellison sold 3,610 shares of the 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 transaction, the director owned 7,720 shares in the company, valued at $1,829,176.80. This trade represents a 31.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Paul S. Walsh sold 3,610 shares of the stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $238.29, for a total value of $860,226.90. Following the transaction, the director owned 15,513 shares in the company, valued at $3,696,592.77. The trade was a 18.88% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,343 shares of company stock valued at $2,228,816. 0.53% of the stock is owned by insiders.

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.