FedEx (NYSE:FDX) Stock: Insider Gina Adams Sells 3,014 Shares

FedEx Corporation (NYSE:FDX) EVP Gina Adams sold 3,014 shares of the business’s stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $317.06, for a total transaction of $955,618.84. Following the sale, the executive vice president directly owned 9,656 shares in the company, valued at $3,061,531.36. The trade was a 23.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

FedEx Trading Up 3.6%

Shares of NYSE FDX opened at $329.47 on Thursday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.29 and a current ratio of 1.33. FedEx Corporation has a 52-week low of $200.20 and a 52-week high of $345.36. The firm has a 50 day moving average price of $303.77 and a two-hundred day moving average price of $337.29. The stock has a market cap of $77.16 billion, a P/E ratio of 20.26, a price-to-earnings-growth ratio of 1.28 and a beta of 1.27.

FedEx (NYSE:FDX) last released its quarterly earnings results on Wednesday, October 28th. The shipping service provider reported $3.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.34 by $0.40. FedEx had a net margin of 4.09% and a return on equity of 15.53%. The firm had revenue of $22.93 billion during the quarter, compared to the consensus estimate of $22.73 billion. During the same quarter last year, the firm earned $3.83 earnings per share. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. As a group, equities analysts forecast that FedEx Corporation will post 18.29 EPS for the current year.

FedEx Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Monday, September 14th were given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Monday, September 14th. FedEx’s dividend payout ratio (DPR) is currently 30.01%.

Hedge Funds Weigh In On FedEx

Several hedge funds and other institutional investors have recently bought and sold shares of FDX. BlackRock Inc. bought a new stake in FedEx during the second quarter worth $6,508,103,000. Primecap Management Co. CA purchased a new position in FedEx in the second quarter worth $2,554,138,000. Bank of America Corp DE bought a new position in FedEx in the 2nd quarter valued at $579,171,000. Bank of New York Mellon Corp bought a new position in FedEx in the 2nd quarter valued at $466,943,000. Finally, Legal & General Group Plc purchased a new stake in shares of FedEx during the 2nd quarter valued at $448,121,000. Institutional investors and hedge funds own 84.47% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Citizens Jmp initiated coverage on FedEx in a research note on Wednesday, July 15th. They issued a “market outperform” rating and a $375.00 price target for the company. Citigroup raised their price objective on FedEx from $373.00 to $374.00 and gave the stock a “buy” rating in a research report on Monday. Evercore lifted their price objective on FedEx from $350.00 to $351.00 in a research note on Monday, September 28th. BNP Paribas Exane upped their target price on FedEx from $269.80 to $300.00 and gave the company a “neutral” rating in a report on Wednesday, September 30th. Finally, Weiss Ratings downgraded shares of FedEx from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, October 29th. 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $359.16.

Key Stories Impacting FedEx

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: Jim Cramer praised FedEx’s rebound, calling its move “very nice,” adding a favorable public endorsement. Jim Cramer Recommends FedEx
• Positive Sentiment: Citigroup reportedly sees potential for significant appreciation in FDX, reinforcing the positive analyst outlook. Citigroup Forecasts Strong Price Appreciation for FedEx
• Positive Sentiment: FedEx says dedicated logistics teams have helped win contracts serving aerospace and automotive customers, including shipments of aircraft engines and auto parts. Those specialized, potentially higher-value services could support growth beyond traditional parcel delivery. FedEx uses dedicated logistics teams to win aerospace, automotive business
• Positive Sentiment: A report says FedEx’s customer base is shifting and its latest quarter indicates the strategy is working. Separately, its latest results beat estimates: earnings were $3.74 per share versus a $3.34 consensus, while revenue reached $22.93 billion. FedEx CEO is seeing a shift in its customer base
• Positive Sentiment: FedEx plans to extend its Network 2.0 integration to Los Angeles and other markets after completing it in locations including Dallas and San Francisco. The restructuring could improve network efficiency, though the rollout continues into 2027. FedEx Network 2.0 headed to Los Angeles, other markets post-holidays
• Neutral Sentiment: FedEx gained but underperformed some competitors, suggesting its move was not as strong as peers’. FedEx Corp. stock underperforms Wednesday when compared to competitors despite daily gains
• Negative Sentiment: EVP Gina Adams sold 3,014 shares, reducing her direct holdings by about 24%. Insider sales can weigh on sentiment, although the transaction alone does not establish a negative outlook. FedEx insider Gina Adams sells 3,014 shares

About FedEx

FedEx Corporation (NYSE: FDX) is a global transportation, e-commerce and business services company headquartered in Memphis, Tennessee. Through its operating companies, FedEx provides time-definite express delivery, ground shipping, freight transportation, customs brokerage, logistics and supply chain services for businesses, governments and consumers.

The company’s services include domestic and international package delivery, less-than-truckload freight transportation, warehousing, fulfillment, supply chain management and specialized logistics solutions.