Wilsey Asset Management Inc. Purchases 3,936 Shares of FedEx Corporation $FDX

Key Points

• Wilsey Asset Management Inc. has increased its stake in FedEx Corporation by 3.6% during the 2nd quarter, acquiring an additional 3,936 shares, bringing its total ownership to 114,783 shares valued at approximately $26.1 million.
• FedEx reported strong quarterly earnings, with earnings per share of $3.83, exceeding analyst expectations, and a revenue increase of 3.1% year-over-year.
• The company declared a quarterly dividend of $1.45, set to be paid on October 1st, with a current annualized dividend yield of 2.5% and a payout ratio of 33.86%.

Wilsey Asset Management Inc. increased its stake in FedEx Corporation (NYSE:FDX - Free Report) by 3.6% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 114,783 shares of the shipping service provider's stock after buying an additional 3,936 shares during the period. FedEx accounts for about 4.8% of Wilsey Asset Management Inc.'s holdings, making the stock its 13th largest holding. Wilsey Asset Management Inc.'s holdings in FedEx were worth $26,091,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Brighton Jones LLC grew its holdings in FedEx by 12.8% during the fourth quarter. Brighton Jones LLC now owns 1,825 shares of the shipping service provider's stock valued at $514,000 after purchasing an additional 207 shares during the period. Two Sigma Investments LP grew its stake in shares of FedEx by 98.1% during the fourth quarter. Two Sigma Investments LP now owns 10,700 shares of the shipping service provider's stock valued at $3,010,000 after buying an additional 5,300 shares during the last quarter. Toronto Dominion Bank grew its stake in shares of FedEx by 56.7% during the fourth quarter. Toronto Dominion Bank now owns 131,302 shares of the shipping service provider's stock valued at $36,939,000 after buying an additional 47,491 shares during the last quarter. Ameriflex Group Inc. bought a new position in FedEx in the fourth quarter worth approximately $43,000. Finally, Pinnacle Wealth Planning Services Inc. grew its stake in FedEx by 34.0% in the fourth quarter. Pinnacle Wealth Planning Services Inc. now owns 1,107 shares of the shipping service provider's stock worth $311,000 after purchasing an additional 281 shares in the last quarter. Institutional investors own 84.47% of the company's stock.

FedEx Stock Up 1.6%

Shares of NYSE FDX opened at $233.76 on Wednesday. FedEx Corporation has a 1 year low of $194.29 and a 1 year high of $308.53. The firm's 50 day moving average price is $228.82 and its 200 day moving average price is $226.18. The firm has a market cap of $55.16 billion, a P/E ratio of 13.65, a price-to-earnings-growth ratio of 1.28 and a beta of 1.20. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.21 and a current ratio of 1.25.

FedEx (NYSE:FDX - Get Free Report) last posted its quarterly earnings results on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share for the quarter, topping analysts' consensus estimates of $3.71 by $0.12. FedEx had a net margin of 4.65% and a return on equity of 16.33%. The company had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $21.74 billion. During the same quarter last year, the firm posted $3.60 earnings per share. FedEx's revenue was up 3.1% on a year-over-year basis. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. As a group, sell-side analysts anticipate that FedEx Corporation will post 19.14 earnings per share for the current year.

FedEx Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 8th will be issued a $1.45 dividend. The ex-dividend date of this dividend is Monday, September 8th. This represents a $5.80 annualized dividend and a dividend yield of 2.5%. FedEx's payout ratio is 33.86%.

Insider Buying and Selling at FedEx

In related news, Director R Brad Martin sold 2,123 shares of the business'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 sale, the director directly owned 8,935 shares in the company, valued at $2,160,036.25. The trade was a 19.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Paul S. Walsh sold 3,610 shares of FedEx stock in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of $238.29, for a total transaction of $860,226.90. Following the completion of the transaction, the director directly owned 15,513 shares in the company, valued at approximately $3,696,592.77. This trade represents a 18.88% 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 ninety days. Company insiders own 0.53% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on FDX shares. Evercore ISI decreased their price objective on FedEx from $243.00 to $239.00 in a report on Friday, September 19th. Citigroup raised their target price on FedEx from $275.00 to $279.00 and gave the company a "buy" rating in a research report on Friday. Wall Street Zen lowered shares of FedEx from a "buy" rating to a "hold" rating in a research note on Saturday, August 16th. Susquehanna lifted their price target on shares of FedEx from $285.00 to $300.00 and gave the company a "positive" rating in a research report on Friday, September 19th. Finally, Dbs Bank upgraded shares of FedEx from a "hold" rating to a "moderate buy" rating in a report on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $271.67.

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.

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