Petrus Trust Company LTA Raises Holdings in FedEx Corporation $FDX

Key Points

• Petrus Trust Company LTA increased its holdings in FedEx Corporation by 161.6% in the first quarter, owning 2,098 shares valued at approximately $511,000.
• FedEx reported earnings of $6.07 per share for the recent quarter, surpassing analyst expectations, while revenues reached $22.20 billion, also exceeding estimates.
• FedEx has declared a quarterly dividend of $1.45 per share, which will be paid on October 1st, representing an annualized yield of 2.6%.

Petrus Trust Company LTA raised its holdings in FedEx Corporation (NYSE:FDX - Free Report) by 161.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,098 shares of the shipping service provider's stock after purchasing an additional 1,296 shares during the quarter. Petrus Trust Company LTA's holdings in FedEx were worth $511,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Abound Financial LLC purchased a new stake in FedEx in the 1st quarter valued at about $38,000. Ameriflex Group Inc. acquired a new stake in shares of FedEx during the fourth quarter valued at about $43,000. WPG Advisers LLC purchased a new stake in shares of FedEx in the 1st quarter valued at approximately $43,000. Cary Street Partners Investment Advisory LLC lifted its holdings in shares of FedEx by 60.7% in the 1st 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 last quarter. Finally, Mascagni Wealth Management Inc. acquired a new stake in FedEx in the 4th quarter valued at approximately $70,000. 84.47% of the stock is currently owned by hedge funds and other institutional investors.

FedEx Stock Up 0.4%

FDX stock traded up $0.83 during mid-day trading on Tuesday, reaching $225.83. The company had a trading volume of 1,192,227 shares, compared to its average volume of 1,621,838. The firm has a fifty day simple moving average of $230.50 and a 200 day simple moving average of $227.99. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.15 and a current ratio of 1.19. The company has a market capitalization of $53.28 billion, a price-to-earnings ratio of 13.38, a price-to-earnings-growth ratio of 1.18 and a beta of 1.20. FedEx Corporation has a fifty-two week low of $194.29 and a fifty-two week high of $308.53.

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

FedEx Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders 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 2.6%. The ex-dividend date of this dividend is Monday, September 8th. FedEx's dividend payout ratio is currently 34.36%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. JPMorgan Chase & Co. decreased their price target on FedEx from $290.00 to $285.00 and set an "overweight" rating on the stock in a research note on Friday. Stifel Nicolaus set a $315.00 target price on FedEx in a research note on Wednesday, June 25th. Truist Financial restated a "buy" rating and set a $275.00 target price on shares of FedEx in a report on Wednesday, June 25th. Dbs Bank upgraded shares of FedEx from a "hold" rating to a "moderate buy" rating in a research note on Thursday, August 21st. Finally, Bank of America reduced their price target on shares of FedEx from $270.00 to $245.00 and set a "buy" rating on the stock in a research report on Wednesday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $282.75.

Insider Transactions at FedEx

In other news, Director R Brad Martin sold 2,123 shares of the stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $241.75, for a total value of $513,235.25. Following the transaction, the director owned 8,935 shares in the company, valued at approximately $2,160,036.25. This represents a 19.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Marvin R. Ellison sold 3,610 shares of the business's stock in a transaction that occurred on 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 of the company's stock, valued at approximately $1,829,176.80. The trade was a 31.86% decrease in their position. The disclosure for this sale can be found here. In 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 corporate 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.