Woodstock Corp Purchases 1,313 Shares of FedEx Corporation $FDX

Key Points

• Woodstock Corp increased its stake in FedEx by 4.4%, adding 1,313 shares during the second quarter, raising its total holdings to 31,446 shares valued at approximately $7.15 million.
• Analysts have mixed ratings on Feder: while Cowen maintains a "buy" rating, BMO Capital Markets and Bank of America have lowered their price targets, with a consensus rating of "Moderate Buy" and a price target of $282.54.
• FedEx announced a quarterly dividend of $1.45 per share, set to be paid on October 1st, representing an annualized dividend yield of 2.6% and a payout ratio of 34.36%.

Woodstock Corp lifted its position in shares of FedEx Corporation (NYSE:FDX - Free Report) by 4.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,446 shares of the shipping service provider's stock after purchasing an additional 1,313 shares during the quarter. Woodstock Corp's holdings in FedEx were worth $7,148,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Abound Financial LLC purchased a new position in FedEx during the first quarter valued at $38,000. Ameriflex Group Inc. purchased a new position in FedEx during the fourth quarter valued at $43,000. WPG Advisers LLC purchased a new position in FedEx during the first quarter valued at $43,000. Cary Street Partners Investment Advisory LLC raised its stake in 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 valued at $46,000 after buying an additional 71 shares during the last quarter. Finally, Mascagni Wealth Management Inc. purchased a new position in FedEx during the fourth quarter valued at $70,000. Hedge funds and other institutional investors own 84.47% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on FDX shares. Cowen reiterated a "buy" rating on shares of FedEx in a research note on Wednesday, June 25th. BMO Capital Markets lowered their price objective on FedEx from $275.00 to $260.00 and set a "market perform" rating for the company in a research note on Monday, May 19th. Bank of America reiterated a "neutral" rating and set a $240.00 price objective (down previously from $245.00) on shares of FedEx in a research note on Thursday, September 11th. Stifel Nicolaus set a $315.00 price objective on FedEx in a research note on Wednesday, June 25th. Finally, Raymond James Financial restated an "outperform" rating and issued a $260.00 price target (down previously from $275.00) on shares of FedEx in a research note 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 issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $282.54.

FedEx Stock Performance

NYSE:FDX opened at $226.20 on Tuesday. The stock has a 50-day simple moving average of $229.59 and a two-hundred day simple moving average of $226.95. FedEx Corporation has a 52-week low of $194.29 and a 52-week high of $308.53. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.15 and a current ratio of 1.19. The firm has a market capitalization of $53.37 billion, a PE ratio of 13.40, a P/E/G ratio of 1.29 and a beta of 1.20.

FedEx (NYSE:FDX - Get Free Report) last released its quarterly earnings results on Tuesday, June 24th. The shipping service provider reported $6.07 earnings per share (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 during the quarter, compared to analyst estimates of $21.86 billion. During the same quarter in the previous year, the company posted $5.41 earnings per share. FedEx has set its Q1 2026 guidance at 3.400-4.000 EPS. Analysts forecast that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Dividend Announcement

The firm also recently disclosed 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. 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 dividend payout ratio is 34.36%.

Insider Transactions at FedEx

In other news, Director Paul S. Walsh sold 3,610 shares of the company's stock in a transaction dated Tuesday, July 8th. The stock was sold at an average price of $238.29, for a total value of $860,226.90. Following the completion of the transaction, the director owned 15,513 shares of the company's stock, valued at $3,696,592.77. This represents a 18.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director R Brad Martin sold 2,123 shares of the company's stock in a transaction dated 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 approximately $2,160,036.25. This trade represents a 19.20% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,343 shares of company stock valued at $2,228,816 over the last 90 days. Company insiders own 0.53% of the company's stock.

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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