MetLife Investment Management LLC Has $14.03 Million Stock Holdings in FedEx Corporation $FDX

Key Points

• MetLife Investment Management LLC has reduced its stake in FedEx by 3.3%, now holding 57,551 shares valued at approximately $14.03 million.
• FedEx reported earnings of $6.07 per share in its latest quarter, exceeding analysts' expectations, with revenues of $22.20 billion.
• FedEx announced a quarterly dividend of $1.45 per share, with an upcoming payment date on October 1st.

MetLife Investment Management LLC trimmed its position in shares of FedEx Corporation (NYSE:FDX - Free Report) by 3.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 57,551 shares of the shipping service provider's stock after selling 1,971 shares during the quarter. MetLife Investment Management LLC's holdings in FedEx were worth $14,030,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Accredited Wealth Management LLC acquired a new stake in shares of FedEx during the fourth quarter valued at about $35,000. Optiver Holding B.V. acquired a new stake in shares of FedEx during the fourth quarter valued at about $39,000. Abound Financial LLC acquired a new stake in shares of FedEx during the first quarter valued at about $38,000. Ameriflex Group Inc. acquired a new stake in shares of FedEx during the fourth quarter valued at about $43,000. Finally, Cary Street Partners Investment Advisory LLC boosted its stake in shares of FedEx by 60.7% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 188 shares of the shipping service provider's stock valued at $46,000 after purchasing an additional 71 shares in the last quarter. 84.47% of the stock is owned by institutional investors and hedge funds.

FedEx Trading Down 1.6%

Shares of FDX stock opened at $232.9780 on Tuesday. The company has a market cap of $54.97 billion, a P/E ratio of 13.80, a PEG ratio of 1.23 and a beta of 1.30. The stock has a 50 day simple moving average of $230.07 and a two-hundred day simple moving average of $230.49. 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 fifty-two week low of $194.29 and a fifty-two week high of $308.53.

FedEx (NYSE:FDX - Get Free Report) last issued 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 during the quarter, compared to the consensus estimate 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 company posted $5.41 earnings per share. FedEx has set its Q1 2026 guidance at 3.400-4.000 EPS. Research analysts forecast that FedEx Corporation will post 19.14 earnings per share for the current year.

FedEx Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 8th will be issued a $1.45 dividend. 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 payout ratio is presently 34.36%.

Insiders Place Their Bets

In other FedEx news, Director Paul S. Walsh sold 3,610 shares of FedEx stock in a transaction that occurred 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 completion of 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 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 FedEx stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $241.75, for a total value of $513,235.25. Following the completion of the sale, the director owned 8,935 shares of the company's stock, valued at approximately $2,160,036.25. The trade was a 19.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 9,343 shares of company stock worth $2,228,816. 8.87% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on FDX shares. Stifel Nicolaus set a $315.00 price target on FedEx in a research note on Wednesday, June 25th. Barclays restated an "overweight" rating and set a $320.00 price objective (down from $330.00) on shares of FedEx in a research report on Wednesday, June 25th. TD Cowen lowered their price objective on FedEx from $310.00 to $269.00 and set a "buy" rating for the company in a research report on Wednesday, June 25th. Cowen restated a "buy" rating on shares of FedEx in a research report on Wednesday, June 25th. Finally, Wells Fargo & Company raised their price objective on FedEx from $220.00 to $235.00 and gave the stock an "equal weight" rating in a research report on Wednesday, June 25th. One research 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. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $283.13.

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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