Meiji Yasuda Life Insurance Co Trims Holdings in FedEx Corporation $FDX

Meiji Yasuda Life Insurance Co trimmed its position in FedEx Corporation (NYSE:FDX) by 2.6% during the first quarter, Holdings Channel.com reports. The firm owned 2,532 shares of the shipping service provider’s stock after selling 68 shares during the period. Meiji Yasuda Life Insurance Co’s holdings in FedEx were worth $617,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FDX. Nuveen LLC purchased a new position in shares of FedEx during the 1st quarter worth about $314,650,000. ACR Alpine Capital Research LLC lifted its holdings in shares of FedEx by 85.9% during the 1st quarter. ACR Alpine Capital Research LLC now owns 1,585,033 shares of the shipping service provider’s stock worth $386,399,000 after acquiring an additional 732,266 shares during the period. GAMMA Investing LLC lifted its holdings in shares of FedEx by 18,202.1% during the 1st quarter. GAMMA Investing LLC now owns 545,586 shares of the shipping service provider’s stock worth $133,003,000 after acquiring an additional 542,605 shares during the period. Worldquant Millennium Advisors LLC lifted its holdings in shares of FedEx by 276.1% during the 4th quarter. Worldquant Millennium Advisors LLC now owns 433,789 shares of the shipping service provider’s stock worth $122,038,000 after acquiring an additional 318,448 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of FedEx by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 20,489,161 shares of the shipping service provider’s stock worth $4,994,848,000 after acquiring an additional 289,655 shares during the period. 84.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at FedEx

In other FedEx news, Director Marvin R. Ellison sold 3,610 shares of the 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 completion of the sale, the director owned 7,720 shares of the company’s stock, valued at $1,829,176.80. This trade represents a 31.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul S. Walsh sold 3,610 shares of the 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 directly owned 15,513 shares of the company’s stock, valued at $3,696,592.77. This trade represents a 18.88% decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,343 shares of company stock valued at $2,228,816 over the last 90 days. 0.53% of the stock is owned by corporate insiders.

FedEx Trading Down 1.3%

NYSE FDX opened at $224.67 on Tuesday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.15 and a current ratio of 1.19. FedEx Corporation has a one year low of $194.29 and a one year high of $308.53. The company’s 50 day moving average price is $230.67 and its 200 day moving average price is $228.00. The firm has a market capitalization of $53.01 billion, a price-to-earnings ratio of 13.31, a PEG ratio of 1.19 and a beta of 1.20.

FedEx (NYSE:FDX) last issued its quarterly earnings data on Tuesday, June 24th. The shipping service provider reported $6.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.98 by $0.09. FedEx had a net margin of 4.65% and a return on equity of 16.34%. The company had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $21.86 billion. During the same quarter last year, the company earned $5.41 earnings per share. FedEx has set its Q1 2026 guidance at 3.400-4.000 EPS. On average, sell-side analysts predict that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 8th will be given a $1.45 dividend. The ex-dividend date of this dividend is Monday, September 8th. This represents a $5.80 annualized dividend and a yield of 2.6%. FedEx’s dividend payout ratio (DPR) is 34.36%.

Wall Street Analysts Forecast Growth

FDX has been the topic of several recent analyst reports. Citigroup cut their price objective on shares of FedEx from $278.00 to $275.00 and set a “buy” rating on the stock in a report on Monday, August 18th. Barclays reiterated an “overweight” rating and set a $320.00 price objective (down from $330.00) on shares of FedEx in a report on Wednesday, June 25th. Stifel Nicolaus set a $315.00 price objective on shares of FedEx in a report on Wednesday, June 25th. Susquehanna raised their price target on shares of FedEx from $290.00 to $295.00 and gave the company a “positive” rating in a report on Wednesday, June 25th. Finally, Sanford C. Bernstein cut their price target on shares of FedEx from $282.00 to $249.00 and set a “market perform” rating on the stock in a report on Friday, June 13th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, FedEx presently has an average rating of “Moderate Buy” and a consensus target price 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.