FedEx Corporation $FDX Shares Sold by Tradition Wealth Management LLC

Tradition Wealth Management LLC decreased its position in shares of FedEx Corporation (NYSE:FDX) by 5.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,563 shares of the shipping service provider’s stock after selling 86 shares during the quarter. Tradition Wealth Management LLC’s holdings in FedEx were worth $381,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of FedEx by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 20,489,161 shares of the shipping service provider’s stock valued at $4,994,848,000 after buying an additional 289,655 shares in the last quarter. Invesco Ltd. increased its holdings in FedEx by 1.4% in the 1st quarter. Invesco Ltd. now owns 3,264,993 shares of the shipping service provider’s stock worth $795,940,000 after acquiring an additional 43,989 shares in the last quarter. Northern Trust Corp increased its holdings in FedEx by 13.1% in the 4th quarter. Northern Trust Corp now owns 2,357,017 shares of the shipping service provider’s stock worth $663,100,000 after acquiring an additional 273,478 shares in the last quarter. ACR Alpine Capital Research LLC increased its holdings in FedEx by 85.9% in the 1st quarter. ACR Alpine Capital Research LLC now owns 1,585,033 shares of the shipping service provider’s stock worth $386,399,000 after acquiring an additional 732,266 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in FedEx by 0.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,506,226 shares of the shipping service provider’s stock worth $367,188,000 after acquiring an additional 5,490 shares in the last quarter. 84.47% of the stock is currently owned by institutional investors and hedge funds.

FedEx Stock Performance

Shares of FedEx stock opened at $227.2250 on Thursday. FedEx Corporation has a 52 week low of $194.29 and a 52 week high of $308.53. The business’s fifty day simple moving average is $229.69 and its 200-day simple moving average is $231.25. The firm has a market cap of $53.61 billion, a PE ratio of 13.46, a price-to-earnings-growth ratio of 1.21 and a beta of 1.30. The company has a quick ratio of 1.15, a current ratio of 1.19 and a debt-to-equity ratio of 0.68.

FedEx (NYSE:FDX) last announced its quarterly earnings results on Tuesday, June 24th. The shipping service provider reported $6.07 EPS for the quarter, beating the consensus estimate of $5.98 by $0.09. FedEx had a return on equity of 16.34% and a net margin of 4.65%.The business had revenue of $22.20 billion for the quarter, compared to analyst estimates of $21.86 billion. During the same quarter in the prior year, the company posted $5.41 EPS. FedEx has set its Q1 2026 guidance at 3.400-4.000 EPS. Equities analysts forecast that FedEx Corporation will post 19.14 earnings per share for the current year.

FedEx Announces Dividend

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 paid a $1.45 dividend. This represents a $5.80 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Monday, September 8th. FedEx’s dividend payout ratio is 34.36%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Stifel Nicolaus set a $315.00 price target on FedEx in a research note on Wednesday, June 25th. UBS Group lowered their price target on FedEx from $311.00 to $297.00 and set a “buy” rating on the stock in a research note on Wednesday, June 25th. Bank of America lowered their price target on FedEx from $270.00 to $245.00 and set a “buy” rating on the stock in a research note on Wednesday, June 25th. Sanford C. Bernstein lowered their price target on FedEx from $282.00 to $249.00 and set a “market perform” rating on the stock in a research note on Friday, June 13th. Finally, Cowen reissued a “buy” rating on shares of FedEx in a research note on Wednesday, June 25th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $283.13.

Insider Activity

In related news, Director Marvin R. Ellison sold 3,610 shares of the business’s stock in a transaction on Wednesday, July 9th. The stock was sold at an average price of $236.94, for a total value of $855,353.40. Following the sale, the director owned 7,720 shares in the company, valued at approximately $1,829,176.80. The trade was a 31.86% decrease in their position. The transaction 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 the business’s stock in a transaction 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 owned 8,935 shares in the company, valued at $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 in the last quarter. Insiders own 8.87% of the company’s stock.

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.