Matrix Asset Advisors Inc. NY Sells 10,980 Shares of FedEx Corporation $FDX

Matrix Asset Advisors Inc. NY trimmed its position in FedEx Corporation (NYSE:FDX) by 19.9% during the first quarter, HoldingsChannel reports. The institutional investor owned 44,099 shares of the shipping service provider’s stock after selling 10,980 shares during the period. Matrix Asset Advisors Inc. NY’s holdings in FedEx were worth $15,707,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of FDX. Brighton Jones LLC lifted its stake in 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 purchasing an additional 207 shares in the last quarter. Empowered Funds LLC grew its position in shares of 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 purchasing an additional 4,548 shares in the last quarter. Sivia Capital Partners LLC bought a new position in shares of FedEx in the second quarter worth $586,000. Quantbot Technologies LP bought a new position in shares of FedEx in the second quarter worth $186,000. Finally, Jump Financial LLC purchased a new stake in shares of FedEx in the second quarter worth $456,000. Hedge funds and other institutional investors own 84.47% of the company’s stock.

Insider Transactions at FedEx

In related news, EVP Kawal Preet sold 4,900 shares of the business’s stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $367.89, for a total value of $1,802,661.00. Following the completion of the sale, the executive vice president owned 10,953 shares in the company, valued at $4,029,499.17. The trade was a 30.91% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Tracy B. Brightman sold 16,959 shares of the company’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $363.47, for a total value of $6,164,087.73. Following the completion of the sale, the executive vice president directly owned 11,052 shares of the company’s stock, valued at approximately $4,017,070.44. This represents a 60.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 48,104 shares of company stock valued at $17,599,006. 0.53% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

FDX has been the subject of several research analyst reports. BNP Paribas Exane dropped their price objective on FedEx from $335.00 to $269.76 and set a “neutral” rating for the company in a research note on Tuesday, June 2nd. Seaport Research Partners started coverage on FedEx in a research note on Wednesday, May 27th. They issued a “buy” rating on the stock. Zacks Research cut FedEx from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 18th. Raymond James Financial dropped their price target on FedEx from $415.00 to $330.00 and set an “outperform” rating for the company in a research report on Wednesday, June 24th. Finally, Morgan Stanley boosted their price objective on FedEx from $220.00 to $230.00 and gave the stock an “underweight” rating in a report on Friday, March 20th. Eighteen research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, FedEx currently has an average rating of “Moderate Buy” and an average target price of $349.60.

Key Stories Impacting 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 Stock Up 0.0%

Shares of NYSE:FDX opened at $318.55 on Monday. The firm has a market capitalization of $76.01 billion, a PE ratio of 17.21, a price-to-earnings-growth ratio of 1.38 and a beta of 1.28. 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 Corporation has a 52-week low of $172.88 and a 52-week high of $345.36. The firm has a fifty day moving average of $363.74 and a 200 day moving average of $346.87.

FedEx (NYSE:FDX) last released its quarterly earnings results on Tuesday, June 23rd. The shipping service provider reported $6.31 earnings per share for the quarter, beating analysts’ consensus estimates of $5.91 by $0.40. FedEx had a return on equity of 16.49% and a net margin of 4.68%.The business had revenue of $25.01 billion for the quarter, compared to the consensus estimate of $24.04 billion. During the same quarter last year, the business posted $6.07 earnings per share. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. FedEx has set its FY 2027 guidance at 16.900-18.100 EPS. As a group, 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 issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, June 22nd. FedEx’s dividend payout ratio (DPR) is currently 26.36%.

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.