FedEx Corporation $FDX Position Lowered by Stephens Inc. AR

Stephens Inc. AR reduced its position in FedEx Corporation (NYSE:FDX) by 6.7% in the 1st quarter, Holdings Channel reports. The institutional investor owned 47,437 shares of the shipping service provider’s stock after selling 3,418 shares during the period. Stephens Inc. AR’s holdings in FedEx were worth $17,033,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of FDX. OneAscent Financial Services LLC increased its holdings in shares of FedEx by 1.7% in the 4th quarter. OneAscent Financial Services LLC now owns 1,699 shares of the shipping service provider’s stock valued at $491,000 after acquiring an additional 29 shares during the last quarter. Arete Wealth Advisors LLC raised its position in shares of FedEx by 1.7% during the 4th quarter. Arete Wealth Advisors LLC now owns 1,778 shares of the shipping service provider’s stock valued at $514,000 after acquiring an additional 30 shares in the last quarter. LRI Investments LLC lifted its stake in FedEx by 5.2% during the fourth quarter. LRI Investments LLC now owns 632 shares of the shipping service provider’s stock worth $183,000 after purchasing an additional 31 shares during the last quarter. Cary Street Partners Investment Advisory LLC lifted its stake in FedEx by 11.9% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 292 shares of the shipping service provider’s stock worth $84,000 after purchasing an additional 31 shares during the last quarter. Finally, Legacy Bridge LLC boosted its holdings in FedEx by 33.0% in the fourth quarter. Legacy Bridge LLC now owns 133 shares of the shipping service provider’s stock worth $38,000 after purchasing an additional 33 shares during the period. Institutional investors and hedge funds own 84.47% of the company’s stock.

Insiders Place Their Bets

In other news, Director Paul S. Walsh sold 5,042 shares of the stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $324.56, for a total value of $1,636,431.52. Following the completion of the transaction, the director owned 16,359 shares of the company’s stock, valued at approximately $5,309,477.04. This represents a 23.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Gina F. Adams sold 20,450 shares of the firm’s stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $366.45, for a total value of $7,493,902.50. Following the transaction, the executive vice president directly owned 19,403 shares in the company, valued at $7,110,229.35. This trade represents a 51.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 53,146 shares of company stock worth $19,235,438. 0.53% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Jefferies Financial Group assumed coverage on shares of FedEx in a research note on Tuesday, June 23rd. They set a “buy” rating and a $200.00 target price for the company. TD Cowen reduced their price target on shares of FedEx from $426.00 to $354.00 in a research report on Wednesday, June 24th. BMO Capital Markets reaffirmed a “market perform” rating on shares of FedEx in a report on Wednesday, June 24th. Morgan Stanley boosted their price objective on shares of FedEx from $220.00 to $230.00 and gave the company an “underweight” rating in a research report on Friday, March 20th. Finally, HSBC cut their target price on shares of FedEx from $360.00 to $289.89 and set a “hold” rating on the stock in a report on Monday, June 1st. Eighteen equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $349.60.

FedEx Stock Up 0.1%

FDX stock opened at $313.21 on Monday. The stock has a market cap of $74.73 billion, a PE ratio of 16.92 and a beta of 1.29. The firm’s 50-day simple moving average is $356.40 and its 200 day simple moving average is $348.06. FedEx Corporation has a fifty-two week low of $172.88 and a fifty-two week high of $345.36. The company has a quick ratio of 1.44, a current ratio of 1.48 and a debt-to-equity ratio of 0.74.

FedEx (NYSE:FDX) last posted its earnings results on Tuesday, June 23rd. The shipping service provider reported $6.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.91 by $0.40. FedEx had a net margin of 4.68% and a return on equity of 16.49%. The firm had revenue of $25.01 billion during the quarter, compared to analyst estimates of $24.04 billion. During the same period in the previous year, the business posted $6.07 EPS. FedEx’s revenue was up 12.5% on a year-over-year basis. FedEx has set its FY 2027 guidance at 16.900-18.100 EPS.

FedEx Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Monday, June 22nd will be given a dividend of $1.22 per share. The ex-dividend date is Monday, June 22nd. This represents a $4.88 annualized dividend and a dividend yield of 1.6%. FedEx’s payout ratio is currently 26.36%.

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.