Neuberger Berman Group LLC Sells 22,611 Shares of FedEx Corporation $FDX

Key Points

• Neuberger Berman Group LLC has reduced its stake in FedEx by 34.5%, selling 22,611 shares and retaining a total of 42,858 shares valued at approximately $10.4 million.
• Recent analyst ratings show a mix of opinions on FedEx, with 19 analysts rating it a buy, leading to a consensus rating of "Moderate Buy" and a target price of $283.25.
• A quarterly dividend of $1.45 per share will be distributed to investors on October 1st, representing an annual yield of 2.5% based on the company's 34.36% dividend payout ratio.

Neuberger Berman Group LLC decreased its holdings in shares of FedEx Corporation (NYSE:FDX - Free Report) by 34.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,858 shares of the shipping service provider's stock after selling 22,611 shares during the period. Neuberger Berman Group LLC's holdings in FedEx were worth $10,448,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Golden State Wealth Management LLC lifted its stake in shares of FedEx by 21.1% during the 1st quarter. Golden State Wealth Management LLC now owns 362 shares of the shipping service provider's stock valued at $88,000 after buying an additional 63 shares in the last quarter. NBC Securities Inc. purchased a new position in shares of FedEx during the 1st quarter valued at $147,000. Farther Finance Advisors LLC lifted its stake in shares of FedEx by 27.6% during the 1st quarter. Farther Finance Advisors LLC now owns 2,223 shares of the shipping service provider's stock valued at $538,000 after buying an additional 481 shares in the last quarter. Parvin Asset Management LLC purchased a new position in shares of FedEx during the 4th quarter valued at $281,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in shares of FedEx by 6.1% during the 1st quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 160,596 shares of the shipping service provider's stock valued at $39,150,000 after buying an additional 9,216 shares in the last quarter. Institutional investors own 84.47% of the company's stock.

Analyst Ratings Changes

FDX has been the topic of a number of analyst reports. 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. UBS Group lowered their target price on shares of FedEx from $311.00 to $297.00 and set a "buy" rating on the stock in a research note on Wednesday, June 25th. Barclays restated an "overweight" rating and set a $320.00 target price (down previously from $330.00) on shares of FedEx in a research note on Wednesday, June 25th. Bank of America lowered their target price on shares of FedEx from $270.00 to $245.00 and set a "buy" rating on the stock in a research note on Wednesday, June 25th. Finally, Truist Financial restated a "buy" rating and set a $275.00 target price on shares of FedEx in a research note on Wednesday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $283.13.

Insider Activity

In other news, Director R Brad Martin sold 2,123 shares of the company's 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 directly owned 8,935 shares in the company, valued at approximately $2,160,036.25. This represents a 19.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paul S. Walsh sold 3,610 shares of the company's 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 owned 15,513 shares in the company, valued at $3,696,592.77. This represents a 18.88% 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. 8.87% of the stock is currently owned by corporate insiders.

FedEx Price Performance

Shares of NYSE FDX traded down $5.9050 during mid-day trading on Wednesday, hitting $227.2250. 1,284,225 shares of the company's stock traded hands, compared to its average volume of 1,982,317. The company's 50-day moving average is $229.69 and its two-hundred day moving average is $231.25. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.19 and a quick ratio of 1.15. The company has a market capitalization of $53.61 billion, a P/E ratio of 13.46, a PEG ratio of 1.21 and a beta of 1.30. FedEx Corporation has a 1 year low of $194.29 and a 1 year high of $308.53.

FedEx (NYSE:FDX - Get Free Report) last announced its earnings results on Tuesday, June 24th. The shipping service provider reported $6.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.98 by $0.09. The firm had revenue of $22.20 billion for the quarter, compared to analysts' expectations of $21.86 billion. FedEx had a net margin of 4.65% and a return on equity of 16.34%. During the same period in the prior year, the company earned $5.41 EPS. FedEx has set its Q1 2026 guidance at 3.400-4.000 EPS. On average, equities analysts anticipate that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Announces Dividend

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 2.6%. The ex-dividend date is Monday, September 8th. FedEx's dividend payout ratio is currently 34.36%.

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.