Lansforsakringar Fondforvaltning AB publ Sells 3,735 Shares of FedEx Corporation $FDX

Key Points

• Lansforsakringar Fondforvaltning AB reduced its ownership in FedEx Corporation by 2.4%, now holding 155,118 shares valued at approximately $37.8 million.
• FedEx reported $6.07 earnings per share for the last quarter, surpassing analysts' expectations, and has set its Q1 2026 guidance at 3.400-4.000 EPS.
• The company declared a quarterly dividend of $1.45 per share, contributing to an annualized dividend yield of 2.5%.

Lansforsakringar Fondforvaltning AB publ decreased its stake in FedEx Corporation (NYSE:FDX - Free Report) by 2.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 155,118 shares of the shipping service provider's stock after selling 3,735 shares during the quarter. Lansforsakringar Fondforvaltning AB publ owned approximately 0.06% of FedEx worth $37,815,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FDX. Vanguard Group Inc. boosted its holdings 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 purchasing an additional 289,655 shares in the last quarter. Invesco Ltd. boosted its holdings in FedEx by 1.4% in the first quarter. Invesco Ltd. now owns 3,264,993 shares of the shipping service provider's stock worth $795,940,000 after purchasing an additional 43,989 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its holdings in FedEx by 7.1% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 2,030,687 shares of the shipping service provider's stock worth $495,041,000 after purchasing an additional 135,290 shares in the last quarter. ACR Alpine Capital Research LLC boosted its holdings 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 purchasing an additional 732,266 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in FedEx by 0.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,506,226 shares of the shipping service provider's stock worth $367,188,000 after purchasing an additional 5,490 shares in the last quarter. Hedge funds and other institutional investors own 84.47% of the company's stock.

Insider Activity

In other news, Director Paul S. Walsh sold 3,610 shares of FedEx stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $238.29, for a total transaction of $860,226.90. Following the sale, the director directly owned 15,513 shares in the company, valued at approximately $3,696,592.77. The trade was a 18.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director R Brad Martin sold 2,123 shares of FedEx stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $241.75, for a total transaction of $513,235.25. Following the sale, the director owned 8,935 shares in the company, valued at approximately $2,160,036.25. This trade represents a 19.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,343 shares of company stock worth $2,228,816. Corporate insiders own 0.53% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on FDX. Bank of America decreased their price objective on shares of FedEx from $270.00 to $245.00 and set a "buy" rating for the company in a report on Wednesday, June 25th. Wall Street Zen lowered shares of FedEx from a "buy" rating to a "hold" rating in a research note on Saturday, August 16th. Susquehanna raised their target price on shares of FedEx from $290.00 to $295.00 and gave the company a "positive" rating in a research note on Wednesday, June 25th. Barclays reiterated an "overweight" rating and issued a $320.00 target price (down from $330.00) on shares of FedEx in a research note on Wednesday, June 25th. Finally, Sanford C. Bernstein lowered their target price on shares of FedEx from $282.00 to $249.00 and set a "market perform" rating on the stock in a research note on Friday, June 13th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $282.96.

FedEx Stock Performance

NYSE FDX traded down $0.31 during midday trading on Monday, hitting $230.96. The company had a trading volume of 1,485,470 shares, compared to its average volume of 1,666,445. 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 cap of $54.49 billion, a price-to-earnings ratio of 13.68, a P/E/G ratio of 1.20 and a beta of 1.20. The firm has a fifty day simple moving average of $230.69 and a two-hundred day simple moving average of $229.65. FedEx Corporation has a fifty-two week low of $194.29 and a fifty-two week high of $308.53.

FedEx (NYSE:FDX - Get Free Report) last posted its quarterly earnings results on Tuesday, June 24th. The shipping service provider reported $6.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.98 by $0.09. The company had revenue of $22.20 billion for the quarter, compared to analyst estimates 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 business posted $5.41 EPS. FedEx has set its Q1 2026 guidance at 3.400-4.000 EPS. Equities analysts forecast that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders 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 dividend yield of 2.5%. The ex-dividend date is Monday, September 8th. FedEx's payout ratio is 34.36%.

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.