Westbourne Investments Inc. Has $2.01 Million Stock Position in FedEx Corporation $FDX

Key Points

• Westbourne Investments Inc. increased its stake in FedEx Corporation by 391.2%, now holding 8,842 shares worth approximately $2.01 million, making FedEx its 29th largest position.
• FedEx announced a quarterly dividend of $1.45 per share, with an ex-dividend date of September 8, reflecting an annualized yield of 2.5%.
• Analysts have assigned FedEx a consensus rating of "Moderate Buy", with a target price of $282.46 amid fluctuating ratings from several firms.

Westbourne Investments Inc. lifted its position in shares of FedEx Corporation (NYSE:FDX - Free Report) by 391.2% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,842 shares of the shipping service provider's stock after buying an additional 7,042 shares during the quarter. FedEx comprises 1.1% of Westbourne Investments Inc.'s holdings, making the stock its 29th biggest position. Westbourne Investments Inc.'s holdings in FedEx were worth $2,010,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Aaron Wealth Advisors LLC raised its stake in FedEx by 2.6% in the first quarter. Aaron Wealth Advisors LLC now owns 1,875 shares of the shipping service provider's stock valued at $457,000 after purchasing an additional 48 shares in the last quarter. SouthState Corp raised its stake in FedEx by 3.5% in the first quarter. SouthState Corp now owns 1,431 shares of the shipping service provider's stock valued at $349,000 after purchasing an additional 48 shares in the last quarter. Benin Management CORP raised its stake in FedEx by 0.3% in the first quarter. Benin Management CORP now owns 16,198 shares of the shipping service provider's stock valued at $3,949,000 after purchasing an additional 50 shares in the last quarter. Evanson Asset Management LLC raised its stake in FedEx by 6.0% in the first quarter. Evanson Asset Management LLC now owns 879 shares of the shipping service provider's stock valued at $214,000 after purchasing an additional 50 shares in the last quarter. Finally, Hendershot Investments Inc. raised its stake in FedEx by 4.3% in the first quarter. Hendershot Investments Inc. now owns 1,207 shares of the shipping service provider's stock valued at $294,000 after purchasing an additional 50 shares in the last quarter. Institutional investors and hedge funds own 84.47% of the company's stock.

Insider Activity at FedEx

In related news, Director R Brad Martin sold 2,123 shares of the company's 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 sale, the director directly owned 8,935 shares in the company, valued at $2,160,036.25. This represents a 19.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Marvin R. Ellison sold 3,610 shares of the business's stock in a transaction that occurred on 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 directly owned 7,720 shares in the company, valued at approximately $1,829,176.80. This trade represents a 31.86% decrease in their ownership of the stock. 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 ninety days. Insiders own 0.53% of the company's stock.

FedEx Stock Performance

Shares of FDX stock opened at $227.62 on Wednesday. The business's 50 day simple moving average is $229.37 and its 200 day simple moving average is $226.95. FedEx Corporation has a one year low of $194.29 and a one year high of $308.53. The stock has a market capitalization of $53.71 billion, a PE ratio of 13.48, a PEG ratio of 1.27 and a beta of 1.20. 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 (NYSE:FDX - Get Free Report) last announced its 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. FedEx had a return on equity of 16.34% and a net margin of 4.65%.The business had revenue of $22.20 billion for the quarter, compared to analysts' expectations of $21.86 billion. During the same period in the prior year, the business posted $5.41 earnings per share. FedEx has set its Q1 2026 guidance at 3.400-4.000 EPS. As a group, research analysts forecast that FedEx Corporation will post 19.14 earnings per share for the current year.

FedEx Announces Dividend

The business also recently announced 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. The ex-dividend date is Monday, September 8th. This represents a $5.80 annualized dividend and a yield of 2.5%. FedEx's dividend payout ratio is presently 34.36%.

Wall Street Analysts Forecast Growth

FDX has been the subject of a number of analyst reports. Barclays reaffirmed an "overweight" rating and issued a $320.00 price target (down previously from $330.00) on shares of FedEx in a research note on Wednesday, June 25th. UBS Group dropped their price target on FedEx from $297.00 to $293.00 and set a "buy" rating for the company in a research note on Thursday, August 28th. Wall Street Zen cut FedEx from a "buy" rating to a "hold" rating in a research report on Saturday, August 16th. 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 issued a $260.00 target price (down previously from $275.00) on shares of FedEx in a research report on Wednesday, June 25th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, FedEx presently has a consensus rating of "Moderate Buy" and a consensus target price of $282.46.

FedEx 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.

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