FedEx Corporation $FDX Shares Sold by NewEdge Advisors LLC

Key Points

• NewEdge Advisors LLC reduced its stake in FedEx Corporation by 9.7%, holding a total of $2.93 million across 12,017 shares after selling 1,286 shares during the first quarter.
• Multiple institutional investors, including Vanguard and Invesco, have increased their holdings in FedEx, demonstrating strong interest as 84.47% of the stock is owned by institutional investors and hedge funds.
• FedEx reported a **quarterly earnings** of $6.07 per share, surpassing expectations and announced a quarterly dividend of $1.45 per share, yielding 2.6% annually.

NewEdge Advisors LLC cut its position in FedEx Corporation (NYSE:FDX - Free Report) by 9.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,017 shares of the shipping service provider's stock after selling 1,286 shares during the period. NewEdge Advisors LLC's holdings in FedEx were worth $2,930,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Golden State Wealth Management LLC boosted its stake in shares of FedEx by 21.1% in the first quarter. Golden State Wealth Management LLC now owns 362 shares of the shipping service provider's stock worth $88,000 after acquiring an additional 63 shares during the last quarter. NBC Securities Inc. acquired a new position in FedEx during the first quarter worth $147,000. Farther Finance Advisors LLC boosted its stake in FedEx by 27.6% during the first quarter. Farther Finance Advisors LLC now owns 2,223 shares of the shipping service provider's stock worth $538,000 after buying an additional 481 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in 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 worth $39,150,000 after buying an additional 9,216 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in FedEx by 21.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 92,967 shares of the shipping service provider's stock worth $22,664,000 after buying an additional 16,490 shares during the last quarter. 84.47% of the stock is owned by institutional investors and hedge funds.

Insider Activity at FedEx

In related 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 directly owned 7,720 shares of the company's stock, valued at $1,829,176.80. This represents a 31.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul S. Walsh sold 3,610 shares of the 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 sale, the director directly owned 15,513 shares of the company's stock, 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 sold a total of 9,343 shares of company stock valued at $2,228,816 in the last three months. 0.53% of the stock is currently owned by company insiders.

FedEx Stock Up 0.4%

NYSE FDX traded up $0.86 during trading hours on Friday, hitting $229.67. 1,688,783 shares of the company were exchanged, compared to its average volume of 1,504,121. FedEx Corporation has a 52-week low of $194.29 and a 52-week high of $308.53. The firm has a market cap of $54.19 billion, a price-to-earnings ratio of 13.61, a PEG ratio of 1.20 and a beta of 1.20. The company has a quick ratio of 1.15, a current ratio of 1.19 and a debt-to-equity ratio of 0.68. The company has a 50 day moving average of $229.77 and a two-hundred day moving average of $227.62.

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

FedEx Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 8th will be given a $1.45 dividend. The ex-dividend date of this dividend 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%.

Wall Street Analysts Forecast Growth

FDX has been the topic of a number of recent research reports. Raymond James Financial reissued an "outperform" rating and set a $260.00 price objective (down previously from $275.00) on shares of FedEx in a research note on Wednesday, June 25th. JPMorgan Chase & Co. lowered their price objective on FedEx from $290.00 to $285.00 and set an "overweight" rating on the stock in a research note on Friday, September 5th. TD Cowen lowered their price objective on FedEx from $310.00 to $269.00 and set a "buy" rating on the stock in a research note on Wednesday, June 25th. Wells Fargo & Company lifted their target price on FedEx from $220.00 to $235.00 and gave the company an "equal weight" rating in a research report on Wednesday, June 25th. Finally, BNP Paribas Exane upgraded FedEx from an "underperform" rating to an "outperform" rating and set a $270.00 target price on the stock in a research report on Thursday, July 3rd. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $282.54.

FedEx 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.