FedEx Corporation $FDX Holdings Reduced by Tocqueville Asset Management L.P.

Key Points

• Tocqueville Asset Management L.P. has reduced its holdings in FedEx by 15.9%, now owning 206,405 shares worth approximately $50.32 million, making it the company's 29th largest position.
• Analysts have given FedEx an average rating of "Moderate Buy" with an average price target of $283.25, showing varied outlooks among different research firms.
• FedEx announced a quarterly dividend of $1.45 per share, scheduled to be paid on October 1st, which reflects an annualized dividend yield of 2.6%.

Tocqueville Asset Management L.P. trimmed its position in shares of FedEx Corporation (NYSE:FDX - Free Report) by 15.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 206,405 shares of the shipping service provider's stock after selling 39,134 shares during the quarter. FedEx accounts for approximately 0.8% of Tocqueville Asset Management L.P.'s portfolio, making the stock its 29th largest holding. Tocqueville Asset Management L.P. owned about 0.09% of FedEx worth $50,317,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FDX. Golden State Wealth Management LLC grew its position in FedEx by 21.1% during the first quarter. Golden State Wealth Management LLC now owns 362 shares of the shipping service provider's stock worth $88,000 after buying an additional 63 shares during the period. NBC Securities Inc. acquired a new position in FedEx during the first quarter worth about $147,000. Farther Finance Advisors LLC lifted its holdings in shares of FedEx by 27.6% in the first quarter. Farther Finance Advisors LLC now owns 2,223 shares of the shipping service provider's stock valued at $538,000 after purchasing an additional 481 shares in the last quarter. Parvin Asset Management LLC purchased a new stake in shares of FedEx in the fourth quarter valued at about $281,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in shares of FedEx by 6.1% in the first quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 160,596 shares of the shipping service provider's stock valued at $39,150,000 after purchasing an additional 9,216 shares in the last quarter. 84.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at FedEx

In related news, Director Paul S. Walsh sold 3,610 shares of the business's stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $238.29, for a total transaction of $860,226.90. Following the completion of the sale, the director owned 15,513 shares of the company's stock, valued at $3,696,592.77. This represents a 18.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Marvin R. Ellison sold 3,610 shares of the business's 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 sale, the director directly owned 7,720 shares of the company's stock, valued at approximately $1,829,176.80. This represents a 31.86% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,343 shares of company stock valued at $2,228,816 in the last quarter. Insiders own 8.87% of the company's stock.

FedEx Stock Performance

Shares of NYSE:FDX traded down $5.1940 during trading on Wednesday, reaching $227.9360. 828,066 shares of the company's stock traded hands, compared to its average volume of 1,983,370. 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 12 month low of $194.29 and a 12 month high of $308.53. The company has a 50 day moving average of $229.63 and a 200-day moving average of $231.28. The stock has a market capitalization of $53.77 billion, a P/E ratio of 13.51, a price-to-earnings-growth ratio of 1.19 and a beta of 1.30.

FedEx (NYSE:FDX - Get Free Report) last announced its quarterly earnings data 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. FedEx had a net margin of 4.65% and a return on equity of 16.34%. The business had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $21.86 billion. During the same quarter in the prior year, the firm earned $5.41 EPS. FedEx has set its Q1 2026 guidance at 3.400-4.000 EPS. On average, equities analysts expect that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Announces Dividend

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

Wall Street Analyst Weigh In

Several brokerages recently issued reports on FDX. BNP Paribas Exane raised shares of FedEx from an "underperform" rating to an "outperform" rating and set a $270.00 price objective on the stock in a research note on Thursday, July 3rd. UBS Group dropped their price objective on shares of FedEx from $311.00 to $297.00 and set a "buy" rating for the company in a research report on Wednesday, June 25th. Cowen reissued a "buy" rating on shares of FedEx in a research report on Wednesday, June 25th. BMO Capital Markets lowered their price target on shares of FedEx from $275.00 to $260.00 and set a "market perform" rating for the company in a report on Monday, May 19th. Finally, Truist Financial reaffirmed a "buy" rating and set a $275.00 price target on shares of FedEx in a report on Wednesday, June 25th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $283.13.

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.