Polianta Ltd Acquires New Shares in FedEx Corporation $FDX

Key Points

• Polianta Ltd acquired a new stake in FedEx Corporation, buying 5,500 shares for approximately $1.25 million during the second quarter.
• Insider trading included Director R Brad Martin selling 2,123 shares and Director Paul S. Walsh selling 3,610 shares, indicating significant reductions in their positions.
• FedEx has seen various analyst ratings changes, with reports ranging from a buy rating to a hold rating, and an average price target of $276.29.

Polianta Ltd bought a new position in shares of FedEx Corporation (NYSE:FDX - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 5,500 shares of the shipping service provider's stock, valued at approximately $1,250,000.

Other institutional investors have also modified their holdings of the company. Abound Financial LLC bought a new stake in shares of FedEx during the 1st quarter valued at $38,000. Ameriflex Group Inc. bought a new stake in shares of FedEx during the 4th quarter worth $43,000. WPG Advisers LLC acquired a new position in FedEx in the 1st quarter worth about $43,000. Cary Street Partners Investment Advisory LLC increased its holdings in 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 purchasing an additional 71 shares in the last quarter. Finally, SOA Wealth Advisors LLC. increased its holdings 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. Institutional investors own 84.47% of the company's stock.

FedEx Price Performance

FedEx stock traded down $1.15 during midday trading on Monday, hitting $230.60. 1,687,810 shares of the company's stock were exchanged, compared to its average volume of 2,018,277. FedEx Corporation has a 52-week low of $194.29 and a 52-week high of $308.53. The stock has a 50-day moving average price of $228.84 and a two-hundred day moving average price of $226.29. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.21 and a current ratio of 1.25. The company has a market cap of $54.41 billion, a P/E ratio of 13.48, a PEG ratio of 1.34 and a beta of 1.20.

FedEx (NYSE:FDX - Get Free Report) last issued its quarterly earnings results on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.71 by $0.12. FedEx had a return on equity of 16.33% and a net margin of 4.65%.The firm had revenue of $22.20 billion during the quarter, compared to analyst estimates of $21.74 billion. During the same quarter in the previous year, the company posted $3.60 earnings per share. The company's revenue was up 3.1% compared to the same quarter last year. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. On average, equities research analysts forecast that FedEx Corporation will post 19.14 earnings per share for the current year.

FedEx Dividend Announcement

The firm 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. The ex-dividend date of this dividend is Monday, September 8th. This represents a $5.80 dividend on an annualized basis and a yield of 2.5%. FedEx's dividend payout ratio is presently 33.86%.

Wall Street Analyst Weigh In

FDX has been the subject of a number of recent research reports. The Goldman Sachs Group lowered their target price on FedEx from $290.00 to $276.00 and set a "buy" rating for the company in a report on Friday, September 12th. Wolfe Research upped their target price on FedEx from $244.00 to $254.00 and gave the stock an "outperform" rating in a report on Friday. Evercore ISI decreased their price target on FedEx from $243.00 to $239.00 in a research note on Friday. BMO Capital Markets decreased their price target on FedEx from $260.00 to $255.00 and set a "market perform" rating for the company in a research note on Friday. Finally, HSBC increased their price target on FedEx from $230.00 to $235.00 in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, FedEx has a consensus rating of "Moderate Buy" and an average target price of $271.67.

Insider Buying and Selling at FedEx

In other FedEx news, Director Paul S. Walsh sold 3,610 shares of the company'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 transaction, the director owned 15,513 shares in the company, valued at approximately $3,696,592.77. This represents a 18.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director R Brad Martin sold 2,123 shares of the company's stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $241.75, for a total value of $513,235.25. Following the completion of the sale, the director owned 8,935 shares in the company, valued at $2,160,036.25. The trade was a 19.20% decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,343 shares of company stock valued at $2,228,816 in the last 90 days. Insiders own 0.53% of the company's stock.

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.