Matthew 25 Management Corp Sells 8,500 Shares of FedEx Corporation $FDX

Key Points

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Matthew 25 Management Corp reduced its stake in shares of FedEx Corporation (NYSE:FDX - Free Report) by 15.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 45,000 shares of the shipping service provider's stock after selling 8,500 shares during the quarter. FedEx makes up about 4.0% of Matthew 25 Management Corp's holdings, making the stock its 15th biggest holding. Matthew 25 Management Corp's holdings in FedEx were worth $10,970,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Golden State Wealth Management LLC boosted its position in shares of FedEx by 21.1% during the first 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 shares of FedEx during the first quarter valued at approximately $147,000. Farther Finance Advisors LLC boosted its position in shares of FedEx by 27.6% during the first quarter. Farther Finance Advisors LLC now owns 2,223 shares of the shipping service provider's stock valued at $538,000 after purchasing an additional 481 shares in the last quarter. Parvin Asset Management LLC bought a new stake in shares of FedEx during the fourth quarter valued at approximately $281,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH boosted its position in shares of FedEx by 6.1% during 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 in the last quarter. 84.47% of the stock is owned by hedge funds and other institutional investors.

FedEx Stock Performance

Shares of NYSE:FDX traded up $10.9110 during midday trading on Friday, reaching $236.1910. 1,749,766 shares of the company's stock traded hands, compared to its average volume of 1,981,893. The company has a market cap of $55.73 billion, a price-to-earnings ratio of 13.99, a P/E/G ratio of 1.18 and a beta of 1.30. 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 Corporation has a one year low of $194.29 and a one year high of $308.53. The stock has a 50 day moving average of $229.69 and a 200 day moving average of $231.10.

FedEx (NYSE:FDX - Get Free Report) last posted 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. The company had revenue of $22.20 billion during the quarter, compared to analysts' expectations of $21.86 billion. FedEx had a return on equity of 16.34% and a net margin of 4.65%.During the same quarter in the prior year, the business earned $5.41 earnings per share. FedEx has set its Q1 2026 guidance at 3.400-4.000 EPS. As a group, equities research analysts anticipate that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Announces Dividend

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

Analysts Set New Price Targets

Several equities research analysts recently weighed in on FDX shares. BNP Paribas Exane upgraded FedEx from an "underperform" rating to an "outperform" rating and set a $270.00 price target on the stock in a research report on Thursday, July 3rd. Dbs Bank raised FedEx from a "hold" rating to a "moderate buy" rating in a report on Thursday. Citigroup dropped their target price on FedEx from $278.00 to $275.00 and set a "buy" rating on the stock in a report on Monday. Barclays reissued an "overweight" rating and issued a $320.00 target price (down from $330.00) on shares of FedEx in a report on Wednesday, June 25th. Finally, Raymond James Financial reissued an "outperform" rating and issued a $260.00 target price (down from $275.00) on shares of FedEx in a report on Wednesday, June 25th. One equities research 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's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $283.13.

Insider Activity at FedEx

In other FedEx news, Director Marvin R. Ellison sold 3,610 shares of the company's stock in a transaction dated Wednesday, July 9th. The stock was sold at an average price of $236.94, for a total value of $855,353.40. Following the completion of the sale, the director owned 7,720 shares in the company, valued at $1,829,176.80. This represents a 31.86% decrease in their ownership of the stock. The sale was disclosed in a filing 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 dated Tuesday, July 8th. The stock was sold at an average price of $238.29, for a total value of $860,226.90. Following the completion of the sale, the director owned 15,513 shares of the company's stock, valued at approximately $3,696,592.77. The trade was a 18.88% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,343 shares of company stock worth $2,228,816. 8.87% of the stock is owned by insiders.

FedEx Company 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.