FedEx Corporation $FDX Shares Sold by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd reduced its position in shares of FedEx Corporation (NYSE:FDX) by 41.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 125,293 shares of the shipping service provider’s stock after selling 90,229 shares during the period. UniSuper Management Pty Ltd owned about 0.05% of FedEx worth $30,544,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in FDX. Aaron Wealth Advisors LLC lifted its stake in FedEx by 2.6% in the first quarter. Aaron Wealth Advisors LLC now owns 1,875 shares of the shipping service provider’s stock valued at $457,000 after buying an additional 48 shares during the last quarter. SouthState Corp lifted its stake in FedEx by 3.5% in the first quarter. SouthState Corp now owns 1,431 shares of the shipping service provider’s stock valued at $349,000 after buying an additional 48 shares during the last quarter. Benin Management CORP lifted its stake in FedEx by 0.3% in the first quarter. Benin Management CORP now owns 16,198 shares of the shipping service provider’s stock valued at $3,949,000 after buying an additional 50 shares during the last quarter. Evanson Asset Management LLC lifted its stake in FedEx by 6.0% in the first quarter. Evanson Asset Management LLC now owns 879 shares of the shipping service provider’s stock valued at $214,000 after buying an additional 50 shares during the last quarter. Finally, Hendershot Investments Inc. lifted its stake in FedEx by 4.3% in the first quarter. Hendershot Investments Inc. now owns 1,207 shares of the shipping service provider’s stock valued at $294,000 after buying an additional 50 shares during the last quarter. 84.47% of the stock is owned by institutional investors and hedge funds.

FedEx Price Performance

NYSE:FDX opened at $227.43 on Friday. The business’s 50-day moving average price is $230.73 and its 200 day moving average price is $228.49. The firm has a market cap of $53.66 billion, a P/E ratio of 13.47, a PEG ratio of 1.19 and a beta of 1.20. FedEx Corporation has a 52-week low of $194.29 and a 52-week high of $308.53. 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 released its earnings results on Tuesday, June 24th. The shipping service provider reported $6.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.98 by $0.09. The firm had revenue of $22.20 billion for the quarter, compared to analyst estimates of $21.86 billion. FedEx had a return on equity of 16.34% and a net margin of 4.65%.During the same period in the previous year, the company earned $5.41 earnings per share. FedEx has set its Q1 2026 guidance at 3.400-4.000 EPS. As a group, sell-side analysts predict that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 8th will be issued a dividend of $1.45 per share. This represents a $5.80 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Monday, September 8th. FedEx’s payout ratio is presently 34.36%.

Insider Buying and Selling

In related news, Director Marvin R. Ellison sold 3,610 shares of FedEx stock in a transaction dated Wednesday, July 9th. The stock was sold at an average price of $236.94, for a total transaction of $855,353.40. Following the transaction, the director directly owned 7,720 shares of the company’s stock, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director R Brad Martin sold 2,123 shares of FedEx stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $241.75, for a total value of $513,235.25. Following the transaction, the director directly owned 8,935 shares in the company, valued at approximately $2,160,036.25. The trade was a 19.20% decrease in their ownership of the stock. 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 over the last three months. Company insiders own 0.53% of the company’s stock.

Wall Street Analyst Weigh In

FDX has been the topic of a number of recent research reports. Sanford C. Bernstein cut their target price 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. Susquehanna raised their price target on FedEx from $290.00 to $295.00 and gave the company a “positive” rating in a report on Wednesday, June 25th. Stifel Nicolaus set a $315.00 price target on FedEx in a report on Wednesday, June 25th. Barclays reissued an “overweight” rating and set a $320.00 price target (down from $330.00) on shares of FedEx in a report on Wednesday, June 25th. Finally, Wall Street Zen lowered FedEx from a “buy” rating to a “hold” rating in a report on Saturday, August 16th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $282.75.

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.