Wellington Management Group LLP Sells 2,739 Shares of FedEx Corporation $FDX

Key Points

• Wellington Management Group LLP reduced its holdings in FedEx Corporation by 22.6%, now owning 9,403 shares valued at approximately $2.29 million.
• Various institutional investors, including Brighton Jones LLC and Aptus Capital Advisors LLC, have adjusted their positions in FedEx, with Aptus increasing its stake by 227.9%.
• FedEx announced a quarterly dividend of $1.45, which will be paid on October 1st, representing a yield of 2.5%.

Wellington Management Group LLP lessened its stake in shares of FedEx Corporation (NYSE:FDX - Free Report) by 22.6% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,403 shares of the shipping service provider's stock after selling 2,739 shares during the period. Wellington Management Group LLP's holdings in FedEx were worth $2,292,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Nuveen LLC acquired a new position in FedEx in the 1st quarter valued at about $314,650,000. ACR Alpine Capital Research LLC lifted its stake in FedEx by 85.9% during the first quarter. ACR Alpine Capital Research LLC now owns 1,585,033 shares of the shipping service provider's stock worth $386,399,000 after purchasing an additional 732,266 shares during the last quarter. GAMMA Investing LLC lifted its stake in FedEx by 18,202.1% in the first quarter. GAMMA Investing LLC now owns 545,586 shares of the shipping service provider's stock valued at $133,003,000 after buying an additional 542,605 shares during the last quarter. Worldquant Millennium Advisors LLC raised its stake in shares of FedEx by 276.1% during the fourth quarter. Worldquant Millennium Advisors LLC now owns 433,789 shares of the shipping service provider's stock worth $122,038,000 after purchasing an additional 318,448 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of FedEx by 1.4% during the first quarter. Vanguard Group Inc. now owns 20,489,161 shares of the shipping service provider's stock worth $4,994,848,000 after purchasing an additional 289,655 shares during the last quarter. 84.47% of the stock is owned by institutional investors and hedge funds.

FedEx Stock Down 1.0%

Shares of FDX stock traded down $2.21 during trading hours on Thursday, reaching $223.13. The company had a trading volume of 859,938 shares, compared to its average volume of 1,957,634. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.15 and a current ratio of 1.19. FedEx Corporation has a twelve month low of $194.29 and a twelve month high of $308.53. The company has a market capitalization of $52.65 billion, a P/E ratio of 13.22, a price-to-earnings-growth ratio of 1.20 and a beta of 1.20. The stock's fifty day simple moving average is $230.68 and its 200 day simple moving average is $229.32.

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 for the quarter, beating analysts' consensus estimates of $5.98 by $0.09. The firm had revenue of $22.20 billion during 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 earned $5.41 EPS. FedEx has set its Q1 2026 guidance at 3.400-4.000 EPS. As a group, sell-side analysts expect that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 8th will be given a $1.45 dividend. The ex-dividend date of this dividend is Monday, September 8th. This represents a $5.80 dividend on an annualized basis and a dividend yield of 2.6%. FedEx's payout ratio is currently 34.36%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on FDX shares. BNP Paribas Exane upgraded FedEx from an "underperform" rating to an "outperform" rating and set a $270.00 price target for the company in a research note on Thursday, July 3rd. Dbs Bank upgraded shares of FedEx from a "hold" rating to a "moderate buy" rating in a report on Thursday, August 21st. JPMorgan Chase & Co. raised their target price on shares of FedEx from $260.00 to $290.00 and gave the company an "overweight" rating in a report on Wednesday, June 25th. Susquehanna raised their target price on shares of FedEx from $290.00 to $295.00 and gave the company a "positive" rating in a report on Wednesday, June 25th. Finally, UBS Group dropped their target price on shares of FedEx from $297.00 to $293.00 and set a "buy" rating for the company in a report on Thursday, August 28th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, FedEx currently has a consensus rating of "Moderate Buy" and an average price target of $282.96.

Insiders Place Their Bets

In related news, Director Marvin R. Ellison sold 3,610 shares of the business's stock in a transaction dated Wednesday, July 9th. The stock was sold at an average price of $236.94, for a total transaction of $855,353.40. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director R Brad Martin sold 2,123 shares of the company's stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $241.75, for a total value of $513,235.25. Following the completion of the sale, the director owned 8,935 shares in the company, valued at approximately $2,160,036.25. This 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 over the last quarter. Insiders own 0.53% of the company's stock.

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.