FedEx Corporation $FDX Shares Sold by USS Investment Management Ltd

Key Points

• USS Investment Management Ltd reduced its stake in FedEx Corporation by 26.4%, now owning 38,694 shares valued at approximately $9.44 million.
• FedEx's stock has a consensus rating of "Moderate Buy" with an average price target of $282.75 according to recent analyst reports.
• The company recently announced a quarterly dividend of $1.45 per share, yielding 2.6%, with the next payment scheduled for October 1st.

USS Investment Management Ltd cut its stake in FedEx Corporation (NYSE:FDX - Free Report) by 26.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,694 shares of the shipping service provider's stock after selling 13,900 shares during the quarter. USS Investment Management Ltd's holdings in FedEx were worth $9,440,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of FDX. Abound Financial LLC bought a new stake in FedEx in the first quarter worth $38,000. Ameriflex Group Inc. bought a new stake in FedEx in the fourth quarter worth $43,000. WPG Advisers LLC bought a new stake in FedEx in the first quarter worth $43,000. Cary Street Partners Investment Advisory LLC lifted its position in FedEx by 60.7% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 188 shares of the shipping service provider's stock worth $46,000 after buying an additional 71 shares during the last quarter. Finally, SOA Wealth Advisors LLC. lifted its position in FedEx by 60.6% in the first quarter. SOA Wealth Advisors LLC. now owns 249 shares of the shipping service provider's stock worth $61,000 after buying an additional 94 shares during the last quarter. 84.47% of the stock is currently owned by institutional investors.

Insider Buying and Selling at FedEx

In other FedEx news, Director R Brad Martin sold 2,123 shares of FedEx stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $241.75, for a total value of $513,235.25. Following the transaction, the director owned 8,935 shares in the company, valued at $2,160,036.25. The trade was a 19.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Marvin R. Ellison sold 3,610 shares of FedEx stock in a transaction dated Wednesday, July 9th. The shares were sold at an average price of $236.94, for a total value of $855,353.40. Following the completion of the transaction, the director owned 7,720 shares in the company, valued at $1,829,176.80. This trade represents a 31.86% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,343 shares of company stock worth $2,228,816 over the last quarter. Insiders own 0.53% of the company's stock.

FedEx Stock Up 0.4%

Shares of FedEx stock traded up $0.86 during trading on Friday, hitting $229.67. 1,688,783 shares of the stock traded hands, compared to its average volume of 1,504,121. The firm has a market cap of $54.19 billion, a P/E ratio of 13.61, a price-to-earnings-growth ratio of 1.20 and a beta of 1.20. The company has a current ratio of 1.19, a quick ratio of 1.15 and a debt-to-equity ratio of 0.68. FedEx Corporation has a 52-week low of $194.29 and a 52-week high of $308.53. The stock's fifty day simple moving average is $229.77 and its 200 day simple moving average is $227.42.

FedEx (NYSE:FDX - Get Free Report) last announced its quarterly earnings results on Tuesday, June 24th. The shipping service provider reported $6.07 EPS for the quarter, beating the consensus estimate 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 return on equity of 16.34% and a net margin of 4.65%.During the same quarter last year, the firm posted $5.41 earnings per share. FedEx has set its Q1 2026 guidance at 3.400-4.000 EPS. On average, equities analysts predict that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 8th will be paid a $1.45 dividend. This represents a $5.80 annualized dividend and a yield of 2.5%. The ex-dividend date is Monday, September 8th. FedEx's payout ratio is 34.36%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on FDX. JPMorgan Chase & Co. decreased their target price on FedEx from $290.00 to $285.00 and set an "overweight" rating for the company in a research report on Friday, September 5th. Truist Financial reiterated a "buy" rating and set a $275.00 target price on shares of FedEx in a research report on Wednesday, June 25th. Dbs Bank upgraded FedEx from a "hold" rating to a "moderate buy" rating in a research report on Thursday, August 21st. Cowen reiterated a "buy" rating on shares of FedEx in a research report on Wednesday, June 25th. Finally, Raymond James Financial reiterated an "outperform" rating and set a $260.00 target price (down from $275.00) on shares of FedEx in a research report on Wednesday, June 25th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $282.54.

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.