Asset Advisors Investment Management LLC Sells 100 Shares of FedEx Corporation $FDX

Asset Advisors Investment Management LLC reduced its holdings in shares of FedEx Corporation (NYSE:FDX) by 3.2% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 3,025 shares of the shipping service provider’s stock after selling 100 shares during the period. Asset Advisors Investment Management LLC’s holdings in FedEx were worth $688,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Abound Financial LLC bought a new position in FedEx in the first quarter valued at about $38,000. WPG Advisers LLC bought a new position in FedEx in the first quarter valued at about $43,000. Cary Street Partners Investment Advisory LLC raised its position in FedEx by 60.7% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 188 shares of the shipping service provider’s stock valued at $46,000 after purchasing an additional 71 shares during the last quarter. SOA Wealth Advisors LLC. raised its position in FedEx by 60.6% in the first quarter. SOA Wealth Advisors LLC. now owns 249 shares of the shipping service provider’s stock valued at $61,000 after purchasing an additional 94 shares during the last quarter. Finally, Alpine Bank Wealth Management bought a new position in FedEx in the first quarter valued at about $65,000. 84.47% of the stock is currently owned by institutional investors.

FedEx Trading Up 1.1%

Shares of FDX stock opened at $242.25 on Friday. The company has a market cap of $57.16 billion, a P/E ratio of 14.14, a PEG ratio of 1.33 and a beta of 1.28. The stock has a 50 day simple moving average of $229.75 and a two-hundred day simple moving average of $226.00. 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 fifty-two week low of $194.29 and a fifty-two week high of $308.53.

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

FedEx Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Monday, September 8th were paid a $1.45 dividend. This represents a $5.80 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Monday, September 8th. FedEx’s dividend payout ratio (DPR) is 33.86%.

Insider Buying and Selling at FedEx

In other FedEx news, Director Paul S. Walsh sold 3,610 shares of the firm’s stock in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of $238.29, for a total value of $860,226.90. Following the completion of the sale, the director owned 15,513 shares of the company’s stock, valued at approximately $3,696,592.77. This trade represents a 18.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 transaction, the director directly 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 9,343 shares of company stock valued at $2,228,816. Company insiders own 0.53% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. TD Cowen increased their target price on FedEx from $269.00 to $271.00 and gave the company a “buy” rating in a research report on Friday, September 19th. BMO Capital Markets dropped their target price on FedEx from $260.00 to $255.00 and set a “market perform” rating for the company in a research report on Friday, September 19th. Sanford C. Bernstein increased their target price on FedEx from $247.00 to $250.00 and gave the company a “market perform” rating in a research report on Monday, September 22nd. Barclays restated an “overweight” rating and set a $320.00 price objective (down from $330.00) on shares of FedEx in a research report on Wednesday, June 25th. Finally, JPMorgan Chase & Co. lowered their price objective on FedEx from $285.00 to $284.00 and set an “overweight” rating for the company in a research report on Friday, September 19th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $271.67.

About FedEx

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.