FedEx (NYSE:FDX) Director Sells $1,636,431.52 in Stock

FedEx Corporation (NYSE:FDX) Director Paul Walsh sold 5,042 shares of the firm’s stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $324.56, for a total transaction of $1,636,431.52. Following the completion of the transaction, the director directly owned 16,359 shares in the company, valued at $5,309,477.04. This represents a 23.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

FedEx Price Performance

NYSE:FDX traded down $0.68 during trading hours on Thursday, hitting $313.21. 1,248,050 shares of the stock were exchanged, compared to its average volume of 2,317,680. FedEx Corporation has a 52-week low of $172.88 and a 52-week high of $345.36. The firm’s fifty day moving average price is $359.49 and its 200 day moving average price is $347.64. The company has a current ratio of 1.48, a quick ratio of 1.44 and a debt-to-equity ratio of 0.74. The company has a market cap of $74.73 billion, a P/E ratio of 16.92, a P/E/G ratio of 1.36 and a beta of 1.29.

FedEx (NYSE:FDX) last released its earnings results on Tuesday, June 23rd. The shipping service provider reported $6.31 earnings per share for the quarter, beating the consensus estimate of $5.91 by $0.40. The business had revenue of $25.01 billion for the quarter, compared to the consensus estimate of $24.04 billion. FedEx had a return on equity of 16.49% and a net margin of 4.68%.The business’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter last year, the business posted $6.07 earnings per share. FedEx has set its FY 2027 guidance at 16.900-18.100 EPS. As a group, equities research analysts anticipate that FedEx Corporation will post 20.89 EPS for the current fiscal year.

FedEx Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Monday, June 22nd will be paid a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Monday, June 22nd. FedEx’s dividend payout ratio is currently 26.36%.

Institutional Trading of FedEx

Institutional investors have recently added to or reduced their stakes in the stock. Ferguson Wellman Capital Management Inc. lifted its stake in FedEx by 3.2% during the first quarter. Ferguson Wellman Capital Management Inc. now owns 830 shares of the shipping service provider’s stock worth $296,000 after purchasing an additional 26 shares in the last quarter. OneAscent Financial Services LLC raised its holdings in shares of FedEx by 1.7% in the 4th quarter. OneAscent Financial Services LLC now owns 1,699 shares of the shipping service provider’s stock valued at $491,000 after buying an additional 29 shares during the period. Whipplewood Advisors LLC raised its holdings in shares of FedEx by 9.9% in the 1st quarter. Whipplewood Advisors LLC now owns 333 shares of the shipping service provider’s stock valued at $119,000 after buying an additional 30 shares during the period. Annis Gardner Whiting Capital Advisors LLC lifted its stake in FedEx by 11.9% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 283 shares of the shipping service provider’s stock worth $101,000 after acquiring an additional 30 shares in the last quarter. Finally, Arete Wealth Advisors LLC lifted its stake in FedEx by 1.7% during the 4th quarter. Arete Wealth Advisors LLC now owns 1,778 shares of the shipping service provider’s stock worth $514,000 after acquiring an additional 30 shares in the last quarter. Institutional investors and hedge funds own 84.47% of the company’s stock.

Wall Street Analyst Weigh In

FDX has been the topic of several recent research reports. Barclays lowered their target price on shares of FedEx from $450.00 to $425.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 17th. Morgan Stanley boosted their price target on shares of FedEx from $220.00 to $230.00 and gave the stock an “underweight” rating in a research report on Friday, March 20th. Bank of America raised their target price on shares of FedEx from $376.00 to $378.00 and gave the stock a “buy” rating in a research note on Wednesday, June 24th. JPMorgan Chase & Co. restated a “buy” rating on shares of FedEx in a research report on Friday, June 26th. Finally, The Goldman Sachs Group cut their price target on FedEx from $405.00 to $375.00 and set a “buy” rating for the company in a report on Monday, June 1st. Eighteen research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $349.60.

Key Stories Impacting FedEx

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: FedEx’s sale of its supply chain unit could improve focus, simplify the business, and unlock value as management continues its corporate streamlining efforts. FedEx Sells Supply Chain Unit in $1.4 Billion CMA CGM Deal
• Positive Sentiment: FedEx Freight’s spin-off is also getting a favorable reception, with Goldman Sachs initiating coverage on the standalone freight company with a Buy rating, which supports the logic of FedEx’s restructuring strategy. Goldman Sachs initiates FedEx Freight with Buy
• Neutral Sentiment: Several reports suggest the move is part of a broader long-term reset, with analysts debating whether margin recovery from cost cuts and network changes will be enough to drive the next leg higher. FedEx: The Bull Case Relies On A Margin Recovery That Isn’t Visible Yet
• Negative Sentiment: The stock is also being weighed by concerns that the sale reflects ongoing top-line weakness and reliance on cost cuts to offset softer shipping demand. FDX Banking on Cost Cuts Amid Top-Line Woes

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.