Kawal Preet Sells 4,900 Shares of FedEx (NYSE:FDX) Stock

Key Points

• EVP Kawal Preet sold 4,900 shares of FedEx on April 14 at an average price of $367.89 for about $1.80 million, reducing their ownership by 30.91% to 10,953 shares.
• FedEx beat quarterly expectations, reporting $5.25 EPS vs. $4.12 expected and $24 billion in revenue (up 8.3% YoY); the stock has a consensus rating of "Moderate Buy" with an average target of $398.04.
• CFO John W. Dietrich will step down effective June 1 ahead of the FedEx Freight spinoff, creating near-term succession and execution risk even as several analysts maintain positive outlooks and raised price targets.

FedEx Corporation (NYSE:FDX - Get Free Report) EVP Kawal Preet sold 4,900 shares of FedEx stock in a transaction dated Tuesday, April 14th. The stock was sold at an average price of $367.89, for a total value of $1,802,661.00. Following the completion of the sale, the executive vice president directly owned 10,953 shares in the company, valued at $4,029,499.17. This trade represents a 30.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

FedEx Price Performance

FedEx stock traded down $1.70 during midday trading on Tuesday, reaching $370.19. 2,181,331 shares of the stock traded hands, compared to its average volume of 1,947,946. The stock has a market cap of $88.33 billion, a P/E ratio of 19.70, a PEG ratio of 1.64 and a beta of 1.28. The stock's fifty day moving average is $366.49 and its 200-day moving average is $306.53. The company has a quick ratio of 1.44, a current ratio of 1.47 and a debt-to-equity ratio of 0.77. FedEx Corporation has a 12 month low of $201.03 and a 12 month high of $392.86.

FedEx (NYSE:FDX - Get Free Report) last issued its quarterly earnings data on Thursday, March 19th. The shipping service provider reported $5.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.12 by $1.13. The business had revenue of $24 billion for the quarter, compared to analysts' expectations of $23.44 billion. FedEx had a return on equity of 16.76% and a net margin of 4.88%.The company's revenue for the quarter was up 8.3% on a year-over-year basis. During the same period in the prior year, the firm earned $4.51 EPS. As a group, equities research analysts anticipate that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Monday, March 9th were paid a dividend of $1.45 per share. The ex-dividend date of this dividend was Monday, March 9th. This represents a $5.80 dividend on an annualized basis and a yield of 1.6%. FedEx's dividend payout ratio is presently 30.87%.

Institutional Trading of FedEx

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Grey Fox Wealth Advisors LLC bought a new position in shares of FedEx during the 3rd quarter worth $27,000. EFG International AG purchased a new stake in FedEx in the fourth quarter worth about $27,000. Wealth Watch Advisors INC bought a new position in FedEx during the 3rd quarter worth about $28,000. Ameriflex Group Inc. increased its position in FedEx by 103.3% during the 3rd quarter. Ameriflex Group Inc. now owns 124 shares of the shipping service provider's stock valued at $29,000 after purchasing an additional 63 shares during the period. Finally, Ulland Investment Advisors LLC purchased a new position in FedEx during the 4th quarter valued at about $29,000. 84.47% of the stock is owned by hedge funds and other institutional investors.

FedEx News Roundup

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: Stephens reaffirmed an "overweight" rating and set a $435 price target, signaling confidence in FedEx’s medium-term earnings outlook and providing upside support for the stock. Read More.
• Positive Sentiment: A separate price-target lift to $442 was reported, reflecting bullish analyst sentiment that can help underpin the share price after the recent newsflow. Read More.
• Positive Sentiment: UBS said the CFO departure is "optically tough" but consistent with FedEx’s financial strategy and maintained a positive view, which reduces the odds of a material strategic disruption. Read More.
• Neutral Sentiment: FedEx reaffirmed its FY26 and FY29 outlook amid the transition and named Claude Russ as interim CFO, which provides operational continuity while a search is conducted. That stabilizes near-term financial guidance but leaves succession risk. Read More.
• Neutral Sentiment: Broad market/sector moves (consumer stocks rising late afternoon) are a background factor but are unlikely to be the primary driver of FedEx’s individual share move today. Read More.
• Negative Sentiment: FedEx announced CFO John W. Dietrich will step down effective June 1 after the FedEx Freight spinoff; leadership turnover ahead of a major corporate restructuring creates execution and perception risk that can pressure the stock in the near term. Read More.

Analyst Ratings Changes

FDX has been the topic of a number of research reports. Morgan Stanley boosted their target price on shares of FedEx from $220.00 to $230.00 and gave the stock an "underweight" rating in a report on Friday, March 20th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $479.00 price objective on shares of FedEx in a research note on Friday, February 13th. Jefferies Financial Group upped their price objective on FedEx from $425.00 to $450.00 and gave the company a "buy" rating in a research report on Tuesday, March 3rd. Barclays raised their price objective on FedEx from $360.00 to $450.00 and gave the company an "overweight" rating in a research note on Tuesday, February 10th. Finally, BNP Paribas Exane set a $280.00 target price on FedEx and gave the company a "neutral" rating in a research report on Tuesday, January 13th. Eighteen investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $398.04.

About FedEx

FedEx Corporation NYSE: FDX is a global logistics and courier company headquartered in Memphis, Tennessee. Founded by Frederick W. Smith in 1971 and beginning operations in the early 1970s, the company pioneered overnight express shipping and has since expanded into a diversified portfolio of transportation, e-commerce and supply-chain services. FedEx operates an integrated air-and-ground network that moves parcels, freight and documents for businesses and consumers worldwide.

FedEx's core operating segments include express parcel delivery via its FedEx Express division, domestic and residential parcel delivery through FedEx Ground, less-than-truckload (LTL) freight services, and logistics and supply-chain management solutions.

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