MBB Public Markets I LLC Makes New $311,000 Investment in FedEx Corporation $FDX

Key Points

• MBB Public Markets I LLC acquired a new stake in FedEx Corporation, purchasing 1,277 shares valued at approximately $311,000 during the 1st quarter.
• Several institutional investors, including Vanguard Group and ACR Alpine Capital Research LLC, increased their positions in FedEx, reflecting growing interest from larger funds.
• FedEx recently reported quarterly earnings of $6.07 EPS, beating analysts' expectations, and declared a quarterly dividend of $1.45 per share, set to be paid on October 1st.

MBB Public Markets I LLC bought a new stake in FedEx Corporation (NYSE:FDX - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,277 shares of the shipping service provider's stock, valued at approximately $311,000.

A number of other institutional investors have also recently made changes to their positions in FDX. Abound Financial LLC bought a new stake in FedEx in the 1st quarter valued at about $38,000. Ameriflex Group Inc. bought a new stake in shares of FedEx in the fourth quarter valued at approximately $43,000. WPG Advisers LLC purchased a new stake in shares of FedEx during the 1st quarter valued at approximately $43,000. Cary Street Partners Investment Advisory LLC boosted its holdings in FedEx by 60.7% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 188 shares of the shipping service provider's stock worth $46,000 after buying an additional 71 shares during the period. Finally, SOA Wealth Advisors LLC. grew its stake in FedEx by 60.6% in the 1st quarter. SOA Wealth Advisors LLC. now owns 249 shares of the shipping service provider's stock valued at $61,000 after buying an additional 94 shares in the last quarter. Hedge funds and other institutional investors own 84.47% of the company's stock.

Insider Activity

In other FedEx news, Director Marvin R. Ellison sold 3,610 shares of the business's stock in a transaction that occurred on 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 approximately $1,829,176.80. The trade was a 31.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director R Brad Martin sold 2,123 shares of the stock in a transaction that occurred 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 sale, the director directly owned 8,935 shares of the company's stock, valued at approximately $2,160,036.25. This trade represents a 19.20% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,343 shares of company stock valued at $2,228,816. 0.53% of the stock is currently owned by insiders.

FedEx Price Performance

NYSE:FDX traded up $0.86 during mid-day trading on Friday, reaching $229.67. The stock had a trading volume of 1,688,783 shares, compared to its average volume of 1,504,121. The stock has a market capitalization of $54.19 billion, a P/E ratio of 13.61, a P/E/G ratio of 1.20 and a beta of 1.20. The firm has a 50 day moving average price of $229.77 and a two-hundred day moving average price of $227.62. 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.

FedEx (NYSE:FDX - Get Free Report) last issued its quarterly 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. FedEx had a net margin of 4.65% and a return on equity of 16.34%. The business had revenue of $22.20 billion for the quarter, compared to analysts' expectations of $21.86 billion. During the same period last 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, analysts expect that FedEx Corporation will post 19.14 earnings per share for the current year.

FedEx Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on FDX shares. Wall Street Zen cut FedEx from a "buy" rating to a "hold" rating in a research report on Saturday, August 16th. Truist Financial restated a "buy" rating and issued a $275.00 target price on shares of FedEx in a research note on Wednesday, June 25th. BMO Capital Markets decreased their price target on FedEx from $275.00 to $260.00 and set a "market perform" rating on the stock in a research report on Monday, May 19th. TD Cowen cut their price objective on shares of FedEx from $310.00 to $269.00 and set a "buy" rating for the company in a research report on Wednesday, June 25th. Finally, Wells Fargo & Company upped their target price on shares of FedEx from $220.00 to $235.00 and gave the stock an "equal weight" rating in a report on Wednesday, June 25th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $282.54.

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.