Cambridge Advisors Inc. Sells 375 Shares of FedEx Corporation $FDX

Cambridge Advisors Inc. lessened its holdings in FedEx Corporation (NYSE:FDX) by 21.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,335 shares of the shipping service provider’s stock after selling 375 shares during the quarter. Cambridge Advisors Inc.’s holdings in FedEx were worth $303,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the business. Aaron Wealth Advisors LLC boosted its stake in shares of FedEx by 2.6% in the 1st quarter. Aaron Wealth Advisors LLC now owns 1,875 shares of the shipping service provider’s stock valued at $457,000 after purchasing an additional 48 shares during the last quarter. SouthState Corp boosted its stake in shares of FedEx by 3.5% in the 1st quarter. SouthState Corp now owns 1,431 shares of the shipping service provider’s stock valued at $349,000 after purchasing an additional 48 shares during the last quarter. Benin Management CORP boosted its stake in shares of FedEx by 0.3% in the 1st quarter. Benin Management CORP now owns 16,198 shares of the shipping service provider’s stock valued at $3,949,000 after purchasing an additional 50 shares during the last quarter. Evanson Asset Management LLC boosted its stake in shares of FedEx by 6.0% in the 1st quarter. Evanson Asset Management LLC now owns 879 shares of the shipping service provider’s stock valued at $214,000 after purchasing an additional 50 shares during the last quarter. Finally, Hendershot Investments Inc. boosted its stake in shares of FedEx by 4.3% in the 1st quarter. Hendershot Investments Inc. now owns 1,207 shares of the shipping service provider’s stock valued at $294,000 after purchasing an additional 50 shares during the last quarter. Institutional investors own 84.47% of the company’s stock.

FedEx Stock Performance

Shares of FDX opened at $236.36 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.21 and a current ratio of 1.25. FedEx Corporation has a twelve month low of $194.29 and a twelve month high of $308.53. The firm’s 50 day moving average price is $229.08 and its two-hundred day moving average price is $226.16. The firm has a market cap of $55.77 billion, a P/E ratio of 13.80, a PEG ratio of 1.30 and a beta of 1.20.

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

FedEx Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 8th will be issued a $1.45 dividend. The ex-dividend date is Monday, September 8th. This represents a $5.80 dividend on an annualized basis and a dividend yield of 2.5%. FedEx’s dividend payout ratio (DPR) is 33.86%.

Insider Activity

In other news, Director Marvin R. Ellison sold 3,610 shares of FedEx stock in a transaction that occurred 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 sale, the director directly owned 7,720 shares in the company, valued at $1,829,176.80. This trade represents a 31.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Paul S. Walsh sold 3,610 shares of FedEx stock in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $238.29, for a total transaction of $860,226.90. Following the completion of the sale, the director owned 15,513 shares in the company, valued at $3,696,592.77. This trade represents a 18.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,343 shares of company stock worth $2,228,816 over the last ninety days. Insiders own 0.53% of the company’s stock.

Analyst Ratings Changes

FDX has been the topic of several recent analyst reports. Jefferies Financial Group lifted their price objective on shares of FedEx from $275.00 to $280.00 and gave the stock a “buy” rating in a research note on Friday, September 19th. Evercore ISI cut their target price on shares of FedEx from $243.00 to $239.00 in a report on Friday, September 19th. Dbs Bank upgraded shares of FedEx from a “hold” rating to a “moderate buy” rating in a report on Thursday, August 21st. HSBC increased their target price on shares of FedEx from $230.00 to $235.00 in a report on Friday, September 19th. Finally, Barclays reiterated an “overweight” rating and issued a $320.00 target price (down from $330.00) on shares of FedEx in a report on Wednesday, June 25th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $271.67.

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.