Loudon Investment Management LLC Acquires 50 Shares of FedEx Corporation $FDX

Loudon Investment Management LLC lifted its holdings in shares of FedEx Corporation (NYSE:FDX) by 5.0% during the 2nd quarter, Holdings Channel.com reports. The firm owned 1,050 shares of the shipping service provider’s stock after purchasing an additional 50 shares during the period. Loudon Investment Management LLC’s holdings in FedEx were worth $239,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Brighton Jones LLC boosted its holdings in FedEx by 12.8% in the fourth quarter. Brighton Jones LLC now owns 1,825 shares of the shipping service provider’s stock valued at $514,000 after acquiring an additional 207 shares during the last quarter. NBC Securities Inc. bought a new position in FedEx in the first quarter valued at about $147,000. Merit Financial Group LLC boosted its holdings in FedEx by 54.7% in the first quarter. Merit Financial Group LLC now owns 4,374 shares of the shipping service provider’s stock valued at $1,066,000 after acquiring an additional 1,546 shares during the last quarter. RFG Advisory LLC boosted its holdings in FedEx by 26.8% in the first quarter. RFG Advisory LLC now owns 1,312 shares of the shipping service provider’s stock valued at $320,000 after acquiring an additional 277 shares during the last quarter. Finally, Spring Capital Management LLC bought a new position in FedEx in the first quarter valued at about $284,000. Institutional investors own 84.47% of the company’s stock.

Insider Transactions at FedEx

In related news, 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 value of $860,226.90. Following the sale, the director owned 15,513 shares of the company’s stock, valued at approximately $3,696,592.77. This trade represents a 18.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director R Brad Martin sold 2,123 shares of FedEx 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 completion of the sale, the director directly owned 8,935 shares in the company, valued at approximately $2,160,036.25. This represents a 19.20% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,343 shares of company stock valued at $2,228,816 over the last 90 days. 0.53% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Dbs Bank upgraded FedEx from a “hold” rating to a “moderate buy” rating in a report on Thursday, August 21st. Truist Financial reiterated a “buy” rating and issued a $275.00 price target on shares of FedEx in a report on Wednesday, June 25th. Bank of America raised their price target on FedEx from $240.00 to $244.00 and gave the company a “neutral” rating in a report on Friday, September 19th. The Goldman Sachs Group reduced their target price on FedEx from $290.00 to $276.00 and set a “buy” rating on the stock in a report on Friday, September 12th. Finally, Wolfe Research raised their target price on FedEx from $244.00 to $254.00 and gave the stock an “outperform” rating in a report on Friday, September 19th. One research 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $271.67.

FedEx Trading Down 0.4%

NYSE FDX opened at $235.73 on Wednesday. The firm has a market cap of $55.62 billion, a P/E ratio of 13.76, a P/E/G ratio of 1.31 and a beta of 1.20. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.25 and a quick ratio of 1.21. The stock’s 50-day moving average is $229.60 and its 200-day moving average is $225.93. FedEx Corporation has a one year low of $194.29 and a one year high of $308.53.

FedEx (NYSE:FDX) last released its quarterly earnings results on Thursday, September 18th. The shipping service provider reported $3.83 EPS for the quarter, topping analysts’ consensus estimates of $3.71 by $0.12. The company had revenue of $22.20 billion for the quarter, compared to analyst estimates of $21.74 billion. FedEx had a return on equity of 16.33% and a net margin of 4.65%.FedEx’s revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the firm posted $3.60 earnings per share. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. Sell-side analysts anticipate that FedEx Corporation will post 19.14 earnings per share for the current fiscal 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 given a dividend of $1.45 per share. 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 2.5%. FedEx’s dividend payout ratio (DPR) is currently 33.86%.

FedEx 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.