Oliver Luxxe Assets LLC Decreases Stake in FedEx Corporation $FDX

Key Points

• Oliver Luxxe Assets LLC has substantially reduced its stake in FedEx Corporation by 94.5%, selling 16,288 shares during the first quarter, leaving it with just 951 shares valued at $232,000.
• FedEx reported earnings of $6.07 EPS for its last quarter, exceeding analysts' expectations and contributing to a revenue of $22.20 billion, up from $21.86 billion forecasted.
• The company will distribute a quarterly dividend of $1.45 per share, yielding 2.5%, with the payment date set for October 1st.

Oliver Luxxe Assets LLC reduced its stake in shares of FedEx Corporation (NYSE:FDX - Free Report) by 94.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 951 shares of the shipping service provider's stock after selling 16,288 shares during the quarter. Oliver Luxxe Assets LLC's holdings in FedEx were worth $232,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of FDX. Brighton Jones LLC raised its holdings in FedEx by 12.8% during the 4th quarter. Brighton Jones LLC now owns 1,825 shares of the shipping service provider's stock valued at $514,000 after buying an additional 207 shares during the period. MGO One Seven LLC raised its stake in shares of FedEx by 14.1% in the fourth quarter. MGO One Seven LLC now owns 3,250 shares of the shipping service provider's stock valued at $914,000 after acquiring an additional 401 shares during the period. Integrated Wealth Concepts LLC boosted its stake in shares of FedEx by 5.3% during the 4th quarter. Integrated Wealth Concepts LLC now owns 8,403 shares of the shipping service provider's stock worth $2,364,000 after purchasing an additional 426 shares during the period. Coldstream Capital Management Inc. grew its holdings in FedEx by 1.2% during the 4th quarter. Coldstream Capital Management Inc. now owns 4,992 shares of the shipping service provider's stock valued at $1,404,000 after purchasing an additional 57 shares during the last quarter. Finally, Oxford Asset Management LLP bought a new position in FedEx during the 4th quarter valued at about $840,000. 84.47% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

FDX has been the subject of several analyst reports. Barclays reissued an "overweight" rating and issued a $320.00 price objective (down previously from $330.00) on shares of FedEx in a research note on Wednesday, June 25th. Truist Financial restated a "buy" rating and set a $275.00 price objective on shares of FedEx in a report on Wednesday, June 25th. Wall Street Zen downgraded FedEx from a "buy" rating to a "hold" rating in a research report on Saturday, August 16th. Cowen reiterated a "buy" rating on shares of FedEx in a research note on Wednesday, June 25th. Finally, Citigroup lowered their target price on shares of FedEx from $278.00 to $275.00 and set a "buy" rating for the company in a research note on Monday, August 18th. One investment 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 stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $283.13.

FedEx Stock Up 0.4%

FedEx stock traded up $1.01 during midday trading on Wednesday, hitting $232.11. 1,083,883 shares of the company's stock were exchanged, compared to its average volume of 1,971,788. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.15 and a current ratio of 1.19. FedEx Corporation has a 12 month low of $194.29 and a 12 month high of $308.53. The firm has a 50-day moving average of $230.24 and a two-hundred day moving average of $230.49. The company has a market cap of $54.77 billion, a PE ratio of 13.75, a P/E/G ratio of 1.21 and a beta of 1.30.

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

FedEx Dividend Announcement

The company also recently declared 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 dividend yield of 2.5%. The ex-dividend date of this dividend is Monday, September 8th. FedEx's dividend payout ratio is presently 34.36%.

Insider Buying and Selling at FedEx

In other FedEx news, Director R Brad Martin sold 2,123 shares of the 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 completion of the sale, the director directly owned 8,935 shares of the company's stock, valued at approximately $2,160,036.25. This represents a 19.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Marvin R. Ellison sold 3,610 shares of the stock in a transaction dated 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 directly 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,343 shares of company stock valued at $2,228,816. 0.53% of the stock is currently owned by insiders.

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.