Rafferty Asset Management LLC Has $4.51 Million Stock Position in FedEx Corporation $FDX

Key Points

• Rafferty Asset Management LLC reduced its holdings in FedEx Corporation by 21.3%, owning 18,514 shares valued at $4.5 million after selling 5,017 shares in the first quarter.
• Multiple institutional investors adjusted their positions in FedEx, with companies like Aaron Wealth Advisors LLC and SouthState Corp increasing their shares during the same quarter.
• FedEx has a moderate buy average analyst rating, with price targets ranging from $270 to $300, and is expected to post 19.14 EPS for the current fiscal year.

Rafferty Asset Management LLC lessened its position in FedEx Corporation (NYSE:FDX - Free Report) by 21.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 18,514 shares of the shipping service provider's stock after selling 5,017 shares during the quarter. Rafferty Asset Management LLC's holdings in FedEx were worth $4,513,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in the stock. Ceredex Value Advisors LLC increased its position in shares of FedEx by 121.3% during the 1st quarter. Ceredex Value Advisors LLC now owns 183,427 shares of the shipping service provider's stock worth $44,716,000 after purchasing an additional 100,528 shares during the last quarter. FORA Capital LLC acquired a new position in shares of FedEx during the 1st quarter worth approximately $4,115,000. Bank of Hawaii acquired a new position in shares of FedEx during the 1st quarter worth approximately $334,000. Ally Financial Inc. increased its position in shares of FedEx by 20.0% during the 1st quarter. Ally Financial Inc. now owns 12,000 shares of the shipping service provider's stock worth $2,925,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Comerica Bank increased its position in shares of FedEx by 1.8% during the 1st quarter. Comerica Bank now owns 45,344 shares of the shipping service provider's stock worth $11,054,000 after purchasing an additional 802 shares during the last quarter. Institutional investors and hedge funds own 84.47% of the company's stock.

FedEx Stock Performance

FDX traded down $0.31 during trading on Friday, hitting $230.96. The stock had a trading volume of 1,485,470 shares, compared to its average volume of 1,666,445. The company has a 50 day moving average price of $230.69 and a 200-day moving average price of $229.65. The firm has a market cap of $54.49 billion, a price-to-earnings ratio of 13.68, a P/E/G ratio of 1.20 and a beta of 1.20. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.19 and a quick ratio of 1.15. FedEx Corporation has a one year low of $194.29 and a one year 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, beating analysts' consensus estimates of $5.98 by $0.09. The firm had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $21.86 billion. FedEx had a return on equity of 16.34% and a net margin of 4.65%.During the same period in the prior year, the company posted $5.41 EPS. FedEx has set its Q1 2026 guidance at 3.400-4.000 EPS. As a group, research analysts predict that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Monday, September 8th. FedEx's dividend payout ratio is presently 34.36%.

Insider Activity

In other news, Director Paul S. Walsh sold 3,610 shares of the company's stock in a transaction 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 completion of the sale, the director directly 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 SEC, which can be accessed through this hyperlink. Also, Director R Brad Martin sold 2,123 shares of the company's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $241.75, for a total value of $513,235.25. Following the sale, the director owned 8,935 shares of the company's stock, valued at approximately $2,160,036.25. The trade was a 19.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 9,343 shares of company stock worth $2,228,816. 0.53% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

FDX has been the topic of several recent analyst reports. Citigroup lowered their price target on FedEx from $278.00 to $275.00 and set a "buy" rating on the stock in a research report on Monday, August 18th. BMO Capital Markets reduced their target price on FedEx from $275.00 to $260.00 and set a "market perform" rating for the company in a research note on Monday, May 19th. Sanford C. Bernstein reduced their target price on FedEx from $282.00 to $249.00 and set a "market perform" rating for the company in a research note on Friday, June 13th. Stephens reiterated an "overweight" rating and set a $300.00 target price on shares of FedEx in a research note on Tuesday, May 20th. Finally, BNP Paribas Exane upgraded FedEx from an "underperform" rating to an "outperform" rating and set a $270.00 target price for the company in a research note on Thursday, July 3rd. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, FedEx presently has an average rating of "Moderate Buy" and an average target price of $282.96.

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.