Smith Anglin Financial LLC Has $1.55 Million Stock Holdings in FedEx Corporation $FDX

Key Points

• Smith Anglin Financial LLC increased its holdings in FedEx Corporation by 73.8% during the 2nd quarter, bringing their total value to approximately $1.55 million.
• Insiders have recently sold a total of 9,343 shares worth over $2.2 million, representing a significant decrease in ownership for some directors.
• FedEx reported a quarterly earnings of $3.83 EPS, exceeding analysts' expectations, alongside a revenue increase of 3.1% year-over-year.

Smith Anglin Financial LLC boosted its holdings in shares of FedEx Corporation (NYSE:FDX - Free Report) by 73.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,801 shares of the shipping service provider's stock after buying an additional 2,889 shares during the period. Smith Anglin Financial LLC's holdings in FedEx were worth $1,546,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of FedEx by 1.4% in the first quarter. Vanguard Group Inc. now owns 20,489,161 shares of the shipping service provider's stock valued at $4,994,848,000 after purchasing an additional 289,655 shares during the last quarter. Invesco Ltd. raised its holdings in shares of FedEx by 1.4% in the first quarter. Invesco Ltd. now owns 3,264,993 shares of the shipping service provider's stock valued at $795,940,000 after purchasing an additional 43,989 shares during the last quarter. Hotchkis & Wiley Capital Management LLC raised its holdings in shares of FedEx by 7.1% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 2,030,687 shares of the shipping service provider's stock valued at $495,041,000 after purchasing an additional 135,290 shares during the last quarter. ACR Alpine Capital Research LLC raised its holdings in shares of FedEx by 85.9% in the first quarter. ACR Alpine Capital Research LLC now owns 1,585,033 shares of the shipping service provider's stock valued at $386,399,000 after purchasing an additional 732,266 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of FedEx by 0.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,506,226 shares of the shipping service provider's stock valued at $367,188,000 after purchasing an additional 5,490 shares during the last quarter. Institutional investors and hedge funds own 84.47% of the company's stock.

Insider Buying and Selling at FedEx

In other FedEx news, Director Marvin R. Ellison sold 3,610 shares of FedEx stock in a transaction that occurred on 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 directly owned 7,720 shares in the company, valued at $1,829,176.80. The trade was a 31.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Paul S. Walsh sold 3,610 shares of FedEx stock in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $238.29, for a total transaction of $860,226.90. Following the sale, the director owned 15,513 shares of the company's stock, valued at approximately $3,696,592.77. The trade was a 18.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,343 shares of company stock worth $2,228,816 over the last three months. 0.53% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Cowen reiterated a "buy" rating on shares of FedEx in a report on Wednesday, June 25th. Wall Street Zen upgraded shares of FedEx from a "hold" rating to a "buy" rating in a research report on Friday. Dbs Bank upgraded shares of FedEx from a "hold" rating to a "moderate buy" rating in a research report on Thursday, August 21st. Stifel Nicolaus reduced their price target on shares of FedEx from $308.00 to $296.00 and set a "buy" rating for the company in a research report on Wednesday, September 17th. Finally, UBS Group increased their price target on shares of FedEx from $293.00 to $314.00 and gave the company a "buy" rating in a research report on Friday, September 19th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, FedEx currently has an average rating of "Moderate Buy" and a consensus target price of $271.67.

FedEx Price Performance

FDX stock opened at $237.89 on Monday. The firm has a 50 day moving average of $229.31 and a 200-day moving average of $225.90. The company has a current ratio of 1.25, a quick ratio of 1.21 and a debt-to-equity ratio of 0.73. FedEx Corporation has a 12 month low of $194.29 and a 12 month high of $308.53. The firm has a market capitalization of $56.13 billion, a P/E ratio of 13.89, a price-to-earnings-growth ratio of 1.32 and a beta of 1.20.

FedEx (NYSE:FDX - Get Free Report) last released its quarterly earnings data on Thursday, September 18th. The shipping service provider reported $3.83 EPS for the quarter, beating analysts' consensus estimates of $3.71 by $0.12. FedEx had a net margin of 4.65% and a return on equity of 16.33%. The company had revenue of $22.20 billion during the quarter, compared to analyst estimates of $21.74 billion. During the same period last year, the business earned $3.60 earnings per share. FedEx'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. As a group, sell-side analysts predict that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Announces Dividend

The company 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 $1.45 dividend. This represents a $5.80 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Monday, September 8th. FedEx's dividend payout ratio (DPR) is 33.86%.

About FedEx

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.

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