FedEx Corporation $FDX Shares Sold by RWA Wealth Partners LLC

Key Points

• RWA Wealth Partners LLC significantly reduced its stake in FedEx Corporation by 85.0% during the first quarter, leaving it with 12,185 shares valued at approximately $2.97 million.
• FedEx recently announced a quarterly dividend of $1.45 per share, representing an annual yield of 2.5%, to be paid on October 1st.
• Analysts have an average price target of $283.13 on FedEx, with the stock currently rated as a Moderate Buy by investment analysts.

RWA Wealth Partners LLC trimmed its holdings in FedEx Corporation (NYSE:FDX - Free Report) by 85.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,185 shares of the shipping service provider's stock after selling 68,848 shares during the quarter. RWA Wealth Partners LLC's holdings in FedEx were worth $2,970,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in FDX. Transce3nd LLC purchased a new stake in FedEx in the fourth quarter valued at $26,000. Accredited Wealth Management LLC purchased a new stake in shares of FedEx during the 4th quarter worth about $35,000. Abound Financial LLC purchased a new stake in shares of FedEx during the 1st quarter worth about $38,000. Optiver Holding B.V. purchased a new stake in shares of FedEx during the 4th quarter worth about $39,000. Finally, Ameriflex Group Inc. purchased a new stake in shares of FedEx during the 4th quarter worth about $43,000. 84.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Cowen reissued a "buy" rating on shares of FedEx in a research note on Wednesday, June 25th. Truist Financial reissued a "buy" rating and set a $275.00 target price on shares of FedEx in a research note on Wednesday, June 25th. Sanford C. Bernstein lowered their target price on shares of FedEx from $282.00 to $249.00 and set a "market perform" rating on the stock in a research note on Friday, June 13th. Barclays reissued an "overweight" rating and set a $320.00 target price (down from $330.00) on shares of FedEx in a research note on Wednesday, June 25th. Finally, JPMorgan Chase & Co. increased their target price on shares of FedEx from $260.00 to $290.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 25th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, FedEx presently has an average rating of "Moderate Buy" and a consensus target price of $283.13.

FedEx Price Performance

FedEx stock traded up $10.9110 during midday trading on Friday, reaching $236.1910. The company had a trading volume of 1,749,766 shares, compared to its average volume of 1,898,296. The company has a market capitalization of $55.73 billion, a P/E ratio of 13.99, a P/E/G ratio of 1.23 and a beta of 1.30. FedEx Corporation has a 12-month low of $194.29 and a 12-month high of $308.53. The firm's fifty day simple moving average is $229.94 and its 200-day simple moving average is $230.65. 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 (NYSE:FDX - Get Free Report) last issued its quarterly 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 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 last year, the company posted $5.41 EPS. FedEx has set its Q1 2026 guidance at 3.400-4.000 EPS. As a group, equities analysts anticipate that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 8th will be issued a $1.45 dividend. The ex-dividend date 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 34.36%.

Insider Buying and Selling at FedEx

In other FedEx news, Director Paul S. Walsh sold 3,610 shares of the stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $238.29, for a total value of $860,226.90. Following the completion of the sale, 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 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 completion of 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 quarter, insiders sold 9,343 shares of company stock worth $2,228,816. Insiders own 0.53% of the company's stock.

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.