FedEx Corporation $FDX Shares Sold by Addenda Capital Inc.

Addenda Capital Inc. lowered its position in shares of FedEx Corporation (NYSE:FDX) by 0.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 26,514 shares of the shipping service provider’s stock after selling 159 shares during the quarter. Addenda Capital Inc.’s holdings in FedEx were worth $6,065,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Brighton Jones LLC lifted its holdings in FedEx by 12.8% during the 4th quarter. Brighton Jones LLC now owns 1,825 shares of the shipping service provider’s stock valued at $514,000 after purchasing an additional 207 shares during the last quarter. Two Sigma Investments LP lifted its holdings in shares of FedEx by 98.1% during the 4th quarter. Two Sigma Investments LP now owns 10,700 shares of the shipping service provider’s stock worth $3,010,000 after acquiring an additional 5,300 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of FedEx by 69.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 76,477 shares of the shipping service provider’s stock valued at $21,515,000 after acquiring an additional 31,376 shares in the last quarter. Versant Capital Management Inc increased its position in shares of FedEx by 94.1% during the first quarter. Versant Capital Management Inc now owns 788 shares of the shipping service provider’s stock valued at $192,000 after acquiring an additional 382 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in FedEx by 18,202.1% during the first quarter. GAMMA Investing LLC now owns 545,586 shares of the shipping service provider’s stock valued at $133,003,000 after purchasing an additional 542,605 shares during the period. Institutional investors and hedge funds own 84.47% of the company’s stock.

FedEx Stock Up 0.6%

Shares of NYSE FDX opened at $237.89 on Friday. FedEx Corporation has a 52 week low of $194.29 and a 52 week high of $308.53. The company has a market cap of $56.13 billion, a P/E ratio of 13.89, a P/E/G ratio of 1.32 and a beta of 1.20. The company has a quick ratio of 1.21, a current ratio of 1.25 and a debt-to-equity ratio of 0.73. The business has a 50-day simple moving average of $229.31 and a two-hundred day simple moving average of $226.01.

FedEx (NYSE:FDX) last released its quarterly earnings results on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.71 by $0.12. The company had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $21.74 billion. FedEx had a net margin of 4.65% and a return on equity of 16.33%. FedEx’s revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the firm earned $3.60 earnings per share. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. Research analysts anticipate that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 8th will be given a dividend of $1.45 per share. This represents a $5.80 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Monday, September 8th. FedEx’s dividend payout ratio (DPR) is currently 33.86%.

Analyst Ratings Changes

Several research analysts recently commented on FDX shares. TD Cowen upped their price target on FedEx from $269.00 to $271.00 and gave the stock a “buy” rating in a research report on Friday, September 19th. Sanford C. Bernstein raised their target price on shares of FedEx from $247.00 to $250.00 and gave the stock a “market perform” rating in a research report on Monday, September 22nd. Bank of America lifted their price objective on FedEx from $240.00 to $244.00 and gave the stock a “neutral” rating in a report on Friday, September 19th. Raymond James Financial reissued an “outperform” rating and issued a $255.00 price objective on shares of FedEx in a report on Thursday, September 18th. Finally, Jefferies Financial Group lifted their price target on FedEx from $275.00 to $280.00 and gave the stock a “buy” rating in a research note on Friday, September 19th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $271.67.

Insider Activity

In other FedEx news, Director R Brad Martin sold 2,123 shares of the business’s stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $241.75, for a total value of $513,235.25. Following the transaction, the director directly owned 8,935 shares in the company, valued at $2,160,036.25. The trade was a 19.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Marvin R. Ellison sold 3,610 shares of the firm’s stock in a transaction on Wednesday, July 9th. The shares were sold at an average price of $236.94, for a total value of $855,353.40. Following the completion of the sale, the director owned 7,720 shares in the company, valued at approximately $1,829,176.80. This represents a 31.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,343 shares of company stock worth $2,228,816 over the last 90 days. 0.53% of the stock is currently owned by company insiders.

FedEx Company 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.