Westbourne Investments Inc. Purchases Shares of 1,800 FedEx Corporation $FDX

Key Points

• Westbourne Investments Inc. purchased 1,800 shares of FedEx Corporation, valued at approximately $439,000, indicating growing interest in the shipping service provider.
• FedEx has received mixed analyst ratings, with Barclays issuing an "overweight" rating and a price target revision to $320.00, while TD Cowen lowered their target from $310.00 to $269.00.
• The company announced a quarterly dividend of $1.45 per share, which represents an annualized yield of 2.6%, and is set to be paid on October 1st.

Westbourne Investments Inc. purchased a new position in shares of FedEx Corporation (NYSE:FDX - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,800 shares of the shipping service provider's stock, valued at approximately $439,000.

A number of other institutional investors have also made changes to their positions in FDX. Abound Financial LLC acquired a new position in FedEx during the 1st quarter worth $38,000. Ameriflex Group Inc. bought a new stake in shares of FedEx during the 4th quarter worth about $43,000. WPG Advisers LLC bought a new stake in FedEx during the 1st quarter valued at approximately $43,000. Cary Street Partners Investment Advisory LLC lifted its position in shares of FedEx by 60.7% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 188 shares of the shipping service provider's stock worth $46,000 after acquiring an additional 71 shares during the period. Finally, SOA Wealth Advisors LLC. raised its holdings in shares of FedEx by 60.6% in the 1st 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 in the last quarter. 84.47% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

FDX has been the topic of a number of recent research reports. Barclays reiterated an "overweight" rating and issued a $320.00 price objective (down from $330.00) on shares of FedEx in a research report on Wednesday, June 25th. TD Cowen lowered their target price on FedEx from $310.00 to $269.00 and set a "buy" rating on the stock in a research report on Wednesday, June 25th. Citigroup lowered their price target on FedEx from $278.00 to $275.00 and set a "buy" rating on the stock in a research report on Monday, August 18th. Wells Fargo & Company boosted their price target on FedEx from $220.00 to $235.00 and gave the company an "equal weight" rating in a research note on Wednesday, June 25th. Finally, Wall Street Zen cut FedEx from a "buy" rating to a "hold" rating in a research note on Saturday, August 16th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $282.75.

FedEx Price Performance

FedEx stock opened at $227.17 on Wednesday. The company's 50 day moving average price is $230.50 and its two-hundred day moving average price is $227.99. 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 Corporation has a 52 week low of $194.29 and a 52 week high of $308.53. The stock has a market cap of $53.60 billion, a P/E ratio of 13.46, a P/E/G ratio of 1.18 and a beta of 1.20.

FedEx (NYSE:FDX - Get Free Report) last posted 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. The company had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $21.86 billion. FedEx had a net margin of 4.65% and a return on equity of 16.34%. During the same period in the previous year, the firm posted $5.41 EPS. 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 year.

FedEx Announces Dividend

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

Insider Transactions at FedEx

In other FedEx news, Director Marvin R. Ellison sold 3,610 shares of the company'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 transaction of $855,353.40. Following the completion of 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 transaction of $513,235.25. Following the sale, the director directly owned 8,935 shares of the company's stock, 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. Over the last 90 days, insiders have sold 9,343 shares of company stock worth $2,228,816. Corporate insiders own 0.53% of the company's stock.

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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