Greenleaf Trust Has $983,000 Stock Position in FedEx Corporation $FDX

Greenleaf Trust trimmed its position in shares of FedEx Corporation (NYSE:FDX) by 2.1% during the second quarter, HoldingsChannel reports. The institutional investor owned 4,324 shares of the shipping service provider’s stock after selling 91 shares during the period. Greenleaf Trust’s holdings in FedEx were worth $983,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Nuveen LLC acquired a new stake in shares of FedEx during the 1st quarter worth approximately $314,650,000. ACR Alpine Capital Research LLC boosted its holdings in shares of 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 valued at $386,399,000 after purchasing an additional 732,266 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of FedEx by 1.4% in 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 purchasing an additional 289,655 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in FedEx by 302.6% in the first quarter. Canada Pension Plan Investment Board now owns 352,296 shares of the shipping service provider’s stock valued at $85,883,000 after buying an additional 264,792 shares in the last quarter. Finally, Strs Ohio acquired a new stake in FedEx in the first quarter valued at about $64,242,000. 84.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at FedEx

In related news, Director Marvin R. Ellison sold 3,610 shares of the business’s stock in a transaction 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 owned 7,720 shares in the company, valued at $1,829,176.80. The trade was a 31.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Paul S. Walsh sold 3,610 shares of the business’s stock in a transaction 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 transaction, the director owned 15,513 shares in the company, valued at approximately $3,696,592.77. The trade was a 18.88% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,343 shares of company stock worth $2,228,816. Company insiders own 0.53% of the company’s stock.

FedEx Price Performance

Shares of NYSE:FDX opened at $239.60 on Thursday. The firm has a market cap of $56.54 billion, a PE ratio of 13.99, a price-to-earnings-growth ratio of 1.31 and a beta of 1.28. The firm’s fifty day moving average is $229.64 and its 200-day moving average is $226.03. 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 52 week low of $194.29 and a 52 week high of $308.53.

FedEx (NYSE:FDX) last announced its earnings results on Thursday, September 18th. The shipping service provider reported $3.83 EPS for the quarter, topping the consensus estimate of $3.71 by $0.12. The firm had revenue of $22.20 billion for 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 business’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the previous year, the business earned $3.60 EPS. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. Sell-side analysts predict that FedEx Corporation will post 19.14 earnings per share for the current year.

FedEx Announces Dividend

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

Analyst Ratings Changes

Several analysts recently weighed in on the company. TD Cowen raised their price objective on FedEx from $269.00 to $271.00 and gave the company a “buy” rating in a research note on Friday, September 19th. BNP Paribas Exane upgraded shares of FedEx from an “underperform” rating to an “outperform” rating and set a $270.00 price target on the stock in a research note on Thursday, July 3rd. Evercore ISI cut their target price on shares of FedEx from $243.00 to $239.00 in a research report on Friday, September 19th. Wolfe Research raised their price objective on FedEx from $244.00 to $254.00 and gave the company an “outperform” rating in a report on Friday, September 19th. Finally, Truist Financial reissued a “buy” rating and set a $275.00 price objective on shares of FedEx in a report on Wednesday, June 25th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $271.67.

FedEx Company 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.