Northwest & Ethical Investments L.P. Sells 7,849 Shares of FedEx Corporation $FDX

Key Points

• Northwest & Ethical Investments L.P. reduced its stake in FedEx Corporation by 36%, selling 7,849 shares and now holding a total of 13,929 shares worth approximately $3.4 million.
• FedEx recently announced a quarterly dividend of $1.45 per share, payable on October 1st, with a yield of 2.6% and a payout ratio of 34.36%.
• A number of analysts have downgraded FedEx's stock rating, with Barclays maintaining an "overweight" rating while lowering its target price from $330.00 to $320.00.

Northwest & Ethical Investments L.P. lowered its position in FedEx Corporation (NYSE:FDX - Free Report) by 36.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,929 shares of the shipping service provider's stock after selling 7,849 shares during the quarter. Northwest & Ethical Investments L.P.'s holdings in FedEx were worth $3,396,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. American Century Companies Inc. grew its stake in FedEx by 3.4% in the first quarter. American Century Companies Inc. now owns 453,965 shares of the shipping service provider's stock valued at $110,668,000 after purchasing an additional 14,918 shares in the last quarter. Ethic Inc. grew its stake in FedEx by 7.9% in the first quarter. Ethic Inc. now owns 15,384 shares of the shipping service provider's stock valued at $3,723,000 after purchasing an additional 1,130 shares in the last quarter. Brandywine Global Investment Management LLC grew its stake in FedEx by 1.5% in the first quarter. Brandywine Global Investment Management LLC now owns 493,487 shares of the shipping service provider's stock valued at $120,302,000 after purchasing an additional 7,099 shares in the last quarter. Aberdeen Group plc grew its stake in FedEx by 57.0% in the first quarter. Aberdeen Group plc now owns 191,577 shares of the shipping service provider's stock valued at $46,516,000 after purchasing an additional 69,581 shares in the last quarter. Finally, Horizon Investments LLC grew its stake in FedEx by 1.4% in the first quarter. Horizon Investments LLC now owns 6,190 shares of the shipping service provider's stock valued at $1,509,000 after purchasing an additional 84 shares in the last quarter. Hedge funds and other institutional investors own 84.47% of the company's stock.

Insider Activity at FedEx

In related news, Director Paul S. Walsh sold 3,610 shares of the business's stock in a transaction dated Tuesday, July 8th. The stock was sold at an average price of $238.29, for a total transaction 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Marvin R. Ellison sold 3,610 shares of the company'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 value of $855,353.40. Following the completion of the sale, the director owned 7,720 shares in the company, valued at approximately $1,829,176.80. This represents a 31.86% 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 over the last three months. Company insiders own 8.87% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Sanford C. Bernstein reduced their price target on FedEx from $282.00 to $249.00 and set a "market perform" rating for the company in a research report on Friday, June 13th. Stifel Nicolaus set a $315.00 price target on FedEx in a research report on Wednesday, June 25th. Susquehanna boosted their price target on FedEx from $290.00 to $295.00 and gave the stock a "positive" rating in a research report on Wednesday, June 25th. Truist Financial reaffirmed a "buy" rating and issued a $275.00 price target on shares of FedEx in a research report on Wednesday, June 25th. Finally, TD Cowen reduced their price target on FedEx from $310.00 to $269.00 and set a "buy" rating for the company 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 given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $283.13.

FedEx Stock Performance

FDX traded up $10.9110 on Friday, hitting $236.1910. 1,748,275 shares of the stock traded hands, compared to its average volume of 1,978,859. FedEx Corporation has a 52 week low of $194.29 and a 52 week 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 firm has a market capitalization of $55.73 billion, a PE ratio of 13.99, a P/E/G ratio of 1.18 and a beta of 1.30. The business has a fifty day moving average price of $229.69 and a two-hundred day moving average price of $231.10.

FedEx (NYSE:FDX - Get Free Report) last issued its quarterly 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. FedEx had a return on equity of 16.34% and a net margin of 4.65%.The firm had revenue of $22.20 billion for the quarter, compared to analyst estimates of $21.86 billion. 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. On average, research analysts predict that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 8th will be paid a dividend of $1.45 per share. This represents a $5.80 annualized dividend and a yield of 2.5%. The ex-dividend date is Monday, September 8th. FedEx's payout ratio is currently 34.36%.

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.