Ritholtz Wealth Management Raises Stock Holdings in FedEx Corporation $FDX

Ritholtz Wealth Management boosted its position in FedEx Corporation (NYSE:FDX) by 33.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,104 shares of the shipping service provider’s stock after purchasing an additional 2,021 shares during the quarter. Ritholtz Wealth Management’s holdings in FedEx were worth $2,886,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in FDX. Brighton Jones LLC grew its position in shares of FedEx by 12.8% in the 4th quarter. Brighton Jones LLC now owns 1,825 shares of the shipping service provider’s stock worth $514,000 after buying an additional 207 shares during the period. Empowered Funds LLC lifted its position in FedEx by 78.9% during the 1st quarter. Empowered Funds LLC now owns 10,311 shares of the shipping service provider’s stock valued at $2,514,000 after acquiring an additional 4,548 shares during the period. Sivia Capital Partners LLC purchased a new position in FedEx during the 2nd quarter valued at about $586,000. Quantbot Technologies LP bought a new stake in FedEx during the second quarter worth about $186,000. Finally, Jump Financial LLC purchased a new stake in FedEx in the second quarter worth about $456,000. Hedge funds and other institutional investors own 84.47% of the company’s stock.

Trending Headlines about FedEx

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: Bank of America said FedEx Freight’s pricing power is improving and reiterated a Buy rating while raising its price target to $187, signaling confidence that the LTL business can support better earnings growth. Article Title
• Positive Sentiment: FedEx Freight’s first post-spinoff earnings report showed revenue growth and beat revenue expectations, with analysts noting solid underlying growth trends and the potential for margin improvement later in the year. Article Title
• Positive Sentiment: FedEx also announced $4.15 billion in cash tender offers for outstanding notes, which could help optimize its capital structure and lower future interest expense. Article Title
• Neutral Sentiment: Some analysts highlighted that FedEx’s broader business still has strong underlying momentum, but recent stock weakness may reflect “near-term noise” rather than a change in the long-term thesis. Article Title
• Neutral Sentiment: FedEx Freight’s first standalone quarter also included large spinoff-related costs, which pressured operating income and created uncertainty around near-term profitability, even though management expects growth ahead. Article Title
• Negative Sentiment: FedEx shares fell after the Freight unit reported mixed results, including a steep decline in operating income and margin pressure from separation costs, weaker shipment volumes, and higher labor expenses. Article Title
• Negative Sentiment: Another note from analysts pointed to a margin drop and reduced price targets, reinforcing concerns that the market is still focused on near-term earnings pressure rather than the longer-term turnaround. Article Title

FedEx Trading Down 3.3%

Shares of NYSE FDX opened at $318.55 on Friday. The firm’s 50 day moving average price is $363.74 and its 200-day moving average price is $346.38. The company has a market cap of $76.01 billion, a PE ratio of 17.21, a P/E/G ratio of 1.40 and a beta of 1.28. FedEx Corporation has a 52-week low of $172.88 and a 52-week high of $345.36. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.44 and a current ratio of 1.48.

FedEx (NYSE:FDX) last posted its quarterly earnings results on Tuesday, June 23rd. The shipping service provider reported $6.31 EPS for the quarter, beating analysts’ consensus estimates of $5.91 by $0.40. The firm had revenue of $25.01 billion for the quarter, compared to analysts’ expectations of $24.04 billion. FedEx had a net margin of 4.68% and a return on equity of 16.49%. The business’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $6.07 earnings per share. FedEx has set its FY 2027 guidance at 16.900-18.100 EPS. On average, equities research analysts expect that FedEx Corporation will post 21.34 EPS for the current fiscal year.

FedEx Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Monday, June 22nd will be paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 1.5%. The ex-dividend date is Monday, June 22nd. FedEx’s dividend payout ratio (DPR) is currently 26.36%.

Analyst Upgrades and Downgrades

FDX has been the subject of a number of analyst reports. Barclays decreased their target price on shares of FedEx from $450.00 to $425.00 and set an “overweight” rating for the company in a research note on Wednesday, June 17th. Weiss Ratings downgraded FedEx from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, June 3rd. Truist Financial reduced their price objective on FedEx from $425.00 to $365.00 and set a “buy” rating for the company in a research report on Thursday. Morgan Stanley lifted their price objective on FedEx from $220.00 to $230.00 and gave the company an “underweight” rating in a research note on Friday, March 20th. Finally, Evercore set a $165.00 target price on FedEx in a report on Friday. Eighteen analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $349.60.

Insiders Place Their Bets

In other news, EVP Kawal Preet sold 4,900 shares of the company’s stock in a transaction 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 directly owned 10,953 shares of the company’s stock, valued at $4,029,499.17. This represents a 30.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Gina F. Adams sold 20,450 shares of the 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 sale, 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. Insiders sold a total of 48,104 shares of company stock worth $17,599,006 in the last 90 days. 0.53% of the stock is currently owned by company insiders.

FedEx Company Profile

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.