Mn Services Vermogensbeheer B.V. Sells 1,500 Shares of FedEx Corporation $FDX

Key Points

• Mn Services Vermogensbeheer B.V. reduced its FedEx holdings by 1.7% in Q2, now owning 85,100 shares valued at approximately $19.34 million.
• FedEx reported $3.83 earnings per share for the quarter, exceeding analysts' expectations of $3.71, with revenue increasing by 3.1% year-over-year.
• The company declared a quarterly dividend of $1.45 per share, with an annualized yield of 2.6% and a payout ratio of 34.36%.

Mn Services Vermogensbeheer B.V. lowered its holdings in FedEx Corporation (NYSE:FDX - Free Report) by 1.7% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 85,100 shares of the shipping service provider's stock after selling 1,500 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in FedEx were worth $19,344,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Abound Financial LLC acquired a new position in shares of FedEx during the 1st quarter worth $38,000. Ameriflex Group Inc. purchased a new position in FedEx in the fourth quarter valued at approximately $43,000. WPG Advisers LLC purchased a new position in FedEx in the first quarter valued at approximately $43,000. Cary Street Partners Investment Advisory LLC grew its position in FedEx by 60.7% in 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 acquiring an additional 71 shares in the last quarter. Finally, SOA Wealth Advisors LLC. grew its position in FedEx by 60.6% in the first quarter. SOA Wealth Advisors LLC. now owns 249 shares of the shipping service provider's stock valued at $61,000 after acquiring an additional 94 shares in the last quarter. Hedge funds and other institutional investors own 84.47% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Jefferies Financial Group raised their price target on shares of FedEx from $275.00 to $280.00 and gave the stock a "buy" rating in a research report on Friday. Evercore ISI restated an "in-line" rating and set a $243.00 price objective (down from $249.00) on shares of FedEx in a research note on Wednesday. Dbs Bank raised FedEx from a "hold" rating to a "moderate buy" rating in a research note on Thursday, August 21st. Wall Street Zen lowered FedEx from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. Finally, Cowen reiterated a "buy" rating on shares of FedEx in a report on Wednesday, June 25th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, FedEx has a consensus rating of "Moderate Buy" and a consensus target price of $275.85.

FedEx Stock Performance

Shares of NYSE FDX traded up $5.60 during mid-day trading on Friday, hitting $232.10. The company had a trading volume of 8,378,809 shares, compared to its average volume of 1,900,524. The company has a market capitalization of $54.76 billion, a price-to-earnings ratio of 13.55, a P/E/G ratio of 1.31 and a beta of 1.20. FedEx Corporation has a 1 year low of $194.29 and a 1 year high of $308.53. The company has a current ratio of 1.19, a quick ratio of 1.15 and a debt-to-equity ratio of 0.68. The stock's 50-day moving average price is $228.84 and its 200-day moving average price is $226.45.

FedEx (NYSE:FDX - Get Free Report) last released its earnings results on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share for the quarter, beating analysts' consensus estimates of $3.71 by $0.12. FedEx had a return on equity of 16.43% and a net margin of 4.65%.The company had revenue of $22.20 billion during the quarter, compared to analyst estimates of $21.74 billion. During the same quarter in the previous year, the company posted $3.60 EPS. FedEx's revenue for the quarter was up 3.1% on a year-over-year basis. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. On average, sell-side analysts forecast that FedEx Corporation will post 19.14 earnings per share for the current year.

FedEx Announces Dividend

The company 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 dividend of $1.45 per share. The ex-dividend date is Monday, September 8th. This represents a $5.80 dividend on an annualized basis and a dividend yield of 2.5%. FedEx's dividend payout ratio is 34.36%.

Insider Buying and Selling

In other news, Director R Brad Martin sold 2,123 shares of the stock in a transaction on Monday, July 7th. The stock was sold at an average price of $241.75, for a total transaction of $513,235.25. Following the transaction, the director directly owned 8,935 shares of the company's stock, valued at $2,160,036.25. This represents a 19.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Paul S. Walsh sold 3,610 shares of the stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $238.29, for a total value of $860,226.90. Following the transaction, the director directly owned 15,513 shares in the company, valued at $3,696,592.77. The trade was a 18.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,343 shares of company stock worth $2,228,816 in the last 90 days. Insiders own 0.53% of the company's stock.

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.