Olstein Capital Management L.P. Lowers Stock Position in FedEx Corporation $FDX

Olstein Capital Management L.P. cut its stake in shares of FedEx Corporation (NYSE:FDX) by 20.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,500 shares of the shipping service provider’s stock after selling 6,500 shares during the period. FedEx makes up 1.5% of Olstein Capital Management L.P.’s holdings, making the stock its 18th biggest holding. Olstein Capital Management L.P.’s holdings in FedEx were worth $7,366,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Legacy Bridge LLC increased its holdings in FedEx by 33.0% in the 4th quarter. Legacy Bridge LLC now owns 133 shares of the shipping service provider’s stock valued at $38,000 after purchasing an additional 33 shares during the last quarter. True Wealth Design LLC lifted its stake in FedEx by 8.2% during the fourth quarter. True Wealth Design LLC now owns 462 shares of the shipping service provider’s stock worth $133,000 after purchasing an additional 35 shares in the last quarter. ORG Partners LLC boosted its position in shares of FedEx by 50.0% during the fourth quarter. ORG Partners LLC now owns 105 shares of the shipping service provider’s stock worth $30,000 after buying an additional 35 shares during the period. Brookstone Capital Management boosted its position in shares of FedEx by 1.4% during the fourth quarter. Brookstone Capital Management now owns 2,835 shares of the shipping service provider’s stock worth $819,000 after buying an additional 38 shares during the period. Finally, Stratos Wealth Partners LTD. grew its stake in shares of FedEx by 0.4% in the fourth quarter. Stratos Wealth Partners LTD. now owns 8,896 shares of the shipping service provider’s stock valued at $2,570,000 after buying an additional 38 shares in the last quarter. 84.47% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Gina F. Adams sold 20,450 shares of FedEx stock in a transaction that occurred 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 completion of the transaction, the executive vice president owned 19,403 shares in the company, valued at $7,110,229.35. The trade was a 51.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Kawal Preet sold 4,900 shares of the business’s stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $367.89, for a total transaction of $1,802,661.00. Following the transaction, the executive vice president owned 10,953 shares of the company’s stock, valued at $4,029,499.17. This trade represents a 30.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 48,104 shares of company stock worth $17,599,006 in the last ninety days. 0.53% of the stock is owned by insiders.

FedEx Trading Down 0.4%

NYSE:FDX opened at $375.50 on Friday. FedEx Corporation has a 12-month low of $214.35 and a 12-month high of $404.03. The firm has a market cap of $89.60 billion, a PE ratio of 19.98, a price-to-earnings-growth ratio of 1.43 and a beta of 1.29. The company has a current ratio of 1.47, a quick ratio of 1.44 and a debt-to-equity ratio of 0.77. The stock has a fifty day moving average price of $370.10 and a 200 day moving average price of $323.04.

FedEx (NYSE:FDX) last issued its quarterly earnings results on Thursday, March 19th. The shipping service provider reported $5.25 earnings per share for the quarter, topping the consensus estimate of $4.12 by $1.13. The company had revenue of $24 billion for the quarter, compared to the consensus estimate of $23.44 billion. FedEx had a return on equity of 16.76% and a net margin of 4.88%.FedEx’s revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.51 EPS. Sell-side analysts anticipate that FedEx Corporation will post 19.72 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The company also recently announced 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. This represents a $5.80 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Monday, March 9th. FedEx’s dividend payout ratio is presently 30.87%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. TD Cowen boosted their price objective on FedEx from $383.00 to $426.00 and gave the company a “buy” rating in a report on Friday, March 20th. Truist Financial lifted their target price on FedEx from $400.00 to $425.00 and gave the company a “buy” rating in a research report on Friday, March 20th. Citigroup boosted their price target on shares of FedEx from $327.00 to $401.00 and gave the stock a “buy” rating in a research note on Thursday, February 5th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $479.00 price target on shares of FedEx in a research report on Friday, February 13th. Finally, Stephens reissued an “overweight” rating and issued a $435.00 price objective on shares of FedEx in a research note on Tuesday, April 14th. Eighteen research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $398.04.

FedEx News Summary

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: Analyst support — UBS reaffirmed a buy rating on FedEx, reinforcing confidence among growth/value investors. FedEx receives a buy rating from UBS
• Positive Sentiment: Momentum + valuation screen — recent pieces flag FDX as a “fast‑paced momentum” stock that still screens as reasonably valued, supporting interest from momentum/value investors. Fast-paced Momentum Stock FedEx (FDX) Is Still Trading at a Bargain Fast-paced Momentum Stock FedEx (FDX) Is Still Trading at a Bargain (Zacks)
• Positive Sentiment: Strategic partnership: Locate Technologies detailed a three‑year tech/services agreement with FedEx Australia, signaling investment in technology and regional network capabilities. Locate Technologies signs three-year FedEx Australia deal to expand logistics footprint
• Neutral Sentiment: Real estate/ops note — JRW Realty announced a transaction for a FedEx Ground distribution center in Little Rock, which is an operational footprint item with limited near‑term earnings impact. JRW Realty Facilitates Acquisition of FedEx Ground Distribution Center in Little Rock
• Neutral Sentiment: Corporate PR — FedEx and nonprofit Orbis won a Halo Award for philanthropic work; positive for brand but limited direct financial impact. FedEx and Orbis Earn “Best of the Best” Halo Award: Delivering Sight Worldwide
• Neutral Sentiment: Macroeconomic note — Bloomberg reports U.S. tariff refunds are being paid to importers; broader trade policy shifts could change cost/volume dynamics for shippers but the immediate effect on FedEx is mixed. Trump Tariff Refunds Start Hitting Importers’ Bank Accounts
• Negative Sentiment: Competitive risk — Supply Chain Dive outlines Amazon Supply Chain Services’ expanding logistics offerings; experts note attractive qualities for shippers and open questions on capacity allocation, underscoring intensified competition for FedEx. Is Amazon Supply Chain Services already a logistics heavyweight?
• Negative Sentiment: Sector headwinds — coverage highlights caution on the transportation sector (rising fuel costs, Amazon disruption); some analysts recommend ETFs over individual transport names, pressuring sentiment for carriers like FedEx. What’s Wrong With Transportation Sector? Buy These ETFs Instead What’s Wrong With Transportation Sector? Buy These ETFs Instead (Zacks)
• Negative Sentiment: Analyst caution — a Seeking Alpha piece cites Amazon pressure and freight risks as reasons to remain cautious/neutral on FedEx, echoing investor concern about margin and volume pressures. FedEx: Amazon Pressure And Freight Risks Keep Me Neutral

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.