Olistico Wealth LLC Sells 1,340 Shares of FedEx Corporation $FDX

Key Points

• Olistico Wealth LLC has reduced its stake in FedEx Corporation by 61.0%, now owning 855 shares worth approximately $194,000 after selling 1,340 shares.
• Insider trading activity showed significant sales, with directors Paul S. Walsh and Marvin R. Ellison selling 3,610 shares each, resulting in ownership decreases of 18.88% and 31.86% respectively.
• FedEx reported $3.83 earnings per share for the last quarter, exceeding analysts' estimates, and declared a quarterly dividend of $1.45 per share with a 2.4% yield.

Olistico Wealth LLC cut its stake in shares of FedEx Corporation (NYSE:FDX - Free Report) by 61.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 855 shares of the shipping service provider's stock after selling 1,340 shares during the period. Olistico Wealth LLC's holdings in FedEx were worth $194,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in FDX. Abound Financial LLC bought a new position in FedEx during the 1st quarter worth $38,000. WPG Advisers LLC bought a new position in FedEx during the first quarter worth about $43,000. Cary Street Partners Investment Advisory LLC increased its position in FedEx by 60.7% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 188 shares of the shipping service provider's stock worth $46,000 after acquiring an additional 71 shares during the period. SOA Wealth Advisors LLC. raised its stake in FedEx by 60.6% in the 1st quarter. SOA Wealth Advisors LLC. now owns 249 shares of the shipping service provider's stock worth $61,000 after purchasing an additional 94 shares in the last quarter. Finally, Alpine Bank Wealth Management bought a new stake in FedEx in the 1st quarter valued at about $65,000. Institutional investors and hedge funds own 84.47% of the company's stock.

Insider Activity

In other FedEx news, Director Paul S. Walsh sold 3,610 shares of the stock in a transaction dated Tuesday, July 8th. The stock was sold at an average price of $238.29, for a total value of $860,226.90. Following the completion of the transaction, the director directly owned 15,513 shares in the company, valued at approximately $3,696,592.77. This trade represents a 18.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Marvin R. Ellison sold 3,610 shares of the business'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 sale, the director owned 7,720 shares in the company, valued at approximately $1,829,176.80. This trade represents a 31.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,343 shares of company stock worth $2,228,816. Insiders own 0.53% of the company's stock.

FedEx Stock Performance

NYSE:FDX opened at $244.14 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.25 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $57.61 billion, a PE ratio of 14.25, a price-to-earnings-growth ratio of 1.36 and a beta of 1.28. FedEx Corporation has a twelve month low of $194.29 and a twelve month high of $308.53. The stock's 50-day simple moving average is $229.77 and its 200 day simple moving average is $225.85.

FedEx (NYSE:FDX - Get Free Report) last posted its quarterly 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. The company had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $21.74 billion. FedEx had a net margin of 4.65% and a return on equity of 16.33%. The firm's quarterly revenue was up 3.1% compared to the same quarter last year. During the same period last year, the company posted $3.60 EPS. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. On average, analysts anticipate that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Monday, September 8th were issued a dividend of $1.45 per share. The ex-dividend date was Monday, September 8th. This represents a $5.80 annualized dividend and a dividend yield of 2.4%. FedEx's dividend payout ratio is 33.86%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on FDX shares. Wolfe Research lifted their price target on shares of FedEx from $244.00 to $254.00 and gave the company an "outperform" rating in a research report on Friday, September 19th. Stifel Nicolaus dropped their price objective on FedEx from $308.00 to $296.00 and set a "buy" rating for the company in a report on Wednesday, September 17th. BMO Capital Markets reduced their target price on FedEx from $260.00 to $255.00 and set a "market perform" rating on the stock in a report on Friday, September 19th. Sanford C. Bernstein raised their price target on FedEx from $247.00 to $250.00 and gave the stock a "market perform" rating in a research report on Monday, September 22nd. Finally, Cowen reaffirmed a "buy" rating on shares of FedEx in a research report on Wednesday, June 25th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, FedEx has an average rating of "Moderate Buy" and a consensus target price of $271.67.

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.

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