FedEx Corporation $FDX Shares Sold by Northstar Asset Management Inc.

Key Points

• Northstar Asset Management Inc. reduced its stake in FedEx by 4.9% during the first quarter, now holding 32,539 shares valued at approximately $7.93 million.
• FedEx's latest earnings report revealed an EPS of $6.07, exceeding analysts' expectations, alongside a revenue of $22.20 billion for the quarter.
• The company also announced a quarterly dividend of $1.45 per share, resulting in an annualized dividend yield of 2.6%.

Northstar Asset Management Inc. decreased its stake in shares of FedEx Corporation (NYSE:FDX - Free Report) by 4.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,539 shares of the shipping service provider's stock after selling 1,693 shares during the quarter. FedEx makes up 2.3% of Northstar Asset Management Inc.'s portfolio, making the stock its 19th largest position. Northstar Asset Management Inc.'s holdings in FedEx were worth $7,932,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Transce3nd LLC bought a new stake in FedEx during the 4th quarter valued at about $26,000. Accredited Wealth Management LLC purchased a new position in FedEx during the 4th quarter valued at about $35,000. Abound Financial LLC purchased a new position in FedEx during the 1st quarter valued at about $38,000. Optiver Holding B.V. purchased a new position in FedEx during the 4th quarter valued at about $39,000. Finally, Ameriflex Group Inc. purchased a new position in FedEx during the 4th quarter valued at about $43,000. Institutional investors own 84.47% of the company's stock.

Insiders Place Their Bets

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 shares were sold at an average price of $236.94, for a total transaction of $855,353.40. Following the sale, the director owned 7,720 shares of the company's stock, valued at approximately $1,829,176.80. The trade was a 31.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Paul S. Walsh sold 3,610 shares of the business's stock in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of $238.29, for a total transaction of $860,226.90. Following the sale, the director directly owned 15,513 shares in the company, valued at approximately $3,696,592.77. This represents a 18.88% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,343 shares of company stock valued at $2,228,816. Insiders own 8.87% of the company's stock.

FedEx Stock Down 2.5%

Shares of FedEx stock traded down $5.9050 on Wednesday, reaching $227.2250. The stock had a trading volume of 1,284,225 shares, compared to its average volume of 1,986,833. The company has a 50 day moving average price of $229.63 and a 200 day moving average price of $231.28. The company has a quick ratio of 1.15, a current ratio of 1.19 and a debt-to-equity ratio of 0.68. FedEx Corporation has a 1 year low of $194.29 and a 1 year high of $308.53. The stock has a market capitalization of $53.60 billion, a P/E ratio of 13.46, a P/E/G ratio of 1.19 and a beta of 1.30.

FedEx (NYSE:FDX - Get Free Report) last issued its quarterly earnings data on Tuesday, June 24th. The shipping service provider reported $6.07 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $21.86 billion. During the same quarter in the previous year, the firm earned $5.41 EPS. FedEx has set its Q1 2026 guidance at 3.400-4.000 EPS. As a group, equities research analysts forecast that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Dividend Announcement

The business also recently announced 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 2.6%. The ex-dividend date of this dividend is Monday, September 8th. FedEx's payout ratio is currently 34.36%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on FDX. Wells Fargo & Company raised their target price on shares of FedEx from $220.00 to $235.00 and gave the company an "equal weight" rating in a research report on Wednesday, June 25th. Stephens reissued an "overweight" rating and set a $300.00 target price on shares of FedEx in a research report on Tuesday, May 20th. Cowen reissued a "buy" rating on shares of FedEx in a research report on Wednesday, June 25th. Wall Street Zen downgraded shares of FedEx from a "buy" rating to a "hold" rating in a research report on Saturday. Finally, TD Cowen cut their target price on shares of FedEx from $310.00 to $269.00 and set a "buy" rating on the stock in a research report on Wednesday, June 25th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, FedEx currently has a consensus rating of "Moderate Buy" and a consensus target price of $283.13.

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.