FedEx Corporation $FDX Shares Sold by Voya Investment Management LLC

Key Points

• Voya Investment Management LLC reduced its stake in FedEx by 22.5%, selling 82,834 shares and owning approximately 0.12% of the company worth $69,393,000.
• FedEx reported $6.07 earnings per share (EPS) for the last quarter, exceeding the consensus estimate of $5.98, and demonstrated significant revenue growth.
• The company announces a quarterly dividend of $1.45, equating to an annualized rate of $5.80 and a yield of 2.5%, with an ex-dividend date set for September 8th.

Voya Investment Management LLC lowered its position in FedEx Corporation (NYSE:FDX - Free Report) by 22.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 284,652 shares of the shipping service provider's stock after selling 82,834 shares during the quarter. Voya Investment Management LLC owned 0.12% of FedEx worth $69,393,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Abound Financial LLC acquired a new position in shares of FedEx during the first quarter worth about $38,000. Ameriflex Group Inc. acquired a new position in shares of FedEx during the fourth quarter worth about $43,000. WPG Advisers LLC acquired a new position in shares of FedEx during the first quarter worth about $43,000. Cary Street Partners Investment Advisory LLC lifted its stake in shares of FedEx by 60.7% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 188 shares of the shipping service provider's stock worth $46,000 after purchasing an additional 71 shares in the last quarter. Finally, Mascagni Wealth Management Inc. acquired a new position in shares of FedEx during the fourth quarter worth about $70,000. Institutional investors and hedge funds own 84.47% of the company's stock.

Insider Buying and Selling

In related news, Director Marvin R. Ellison sold 3,610 shares of the stock in a transaction that occurred on Wednesday, July 9th. The stock was sold at an average price of $236.94, for a total value of $855,353.40. Following the completion of the transaction, the director directly owned 7,720 shares of the company's stock, valued at $1,829,176.80. This represents a 31.86% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director R Brad Martin sold 2,123 shares of the stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $241.75, for a total value of $513,235.25. Following the completion of the transaction, the director directly owned 8,935 shares of the company's stock, valued at $2,160,036.25. This trade represents a 19.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,343 shares of company stock valued at $2,228,816 in the last three months. 0.53% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on FDX shares. Barclays restated an "overweight" rating and set a $320.00 price objective (down previously from $330.00) on shares of FedEx in a research note on Wednesday, June 25th. UBS Group reduced their price objective on FedEx from $297.00 to $293.00 and set a "buy" rating on the stock in a research note on Thursday, August 28th. The Goldman Sachs Group reduced their price objective on FedEx from $290.00 to $276.00 and set a "buy" rating on the stock in a research note on Friday, September 12th. Citigroup cut their price target on FedEx from $278.00 to $275.00 and set a "buy" rating on the stock in a research note on Monday, August 18th. Finally, Bank of America reiterated a "neutral" rating and issued a $240.00 price target (down previously from $245.00) on shares of FedEx in a research note on Thursday, September 11th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $276.08.

FedEx Stock Performance

Shares of NYSE:FDX traded up $1.38 during trading on Thursday, hitting $227.16. 1,766,764 shares of the company traded hands, compared to its average volume of 1,958,969. The stock has a market capitalization of $53.60 billion, a price-to-earnings ratio of 13.45, a PEG ratio of 1.28 and a beta of 1.20. The business's fifty day moving average is $229.16 and its 200-day moving average is $226.95. FedEx Corporation has a one year low of $194.29 and a one year high of $308.53. The company has a quick ratio of 1.15, a current ratio of 1.19 and a debt-to-equity ratio of 0.68.

FedEx (NYSE:FDX - Get Free Report) last issued its quarterly earnings data on Tuesday, June 24th. The shipping service provider reported $6.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.98 by $0.09. FedEx had a return on equity of 16.34% and a net margin of 4.65%.The business had revenue of $22.20 billion during the quarter, compared to analyst estimates of $21.86 billion. 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, equities analysts predict that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Dividend Announcement

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 issued a $1.45 dividend. This represents a $5.80 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Monday, September 8th. FedEx's dividend payout ratio is 34.36%.

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.