Northstar Financial Companies Inc. Reduces Holdings in FedEx Corporation $FDX

Northstar Financial Companies Inc. decreased its holdings in shares of FedEx Corporation (NYSE:FDX) by 28.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,001 shares of the shipping service provider’s stock after selling 396 shares during the period. Northstar Financial Companies Inc.’s holdings in FedEx were worth $244,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of FedEx by 1.4% during the first quarter. Vanguard Group Inc. now owns 20,489,161 shares of the shipping service provider’s stock worth $4,994,848,000 after buying an additional 289,655 shares during the period. Invesco Ltd. lifted its position in FedEx by 1.4% in the first quarter. Invesco Ltd. now owns 3,264,993 shares of the shipping service provider’s stock valued at $795,940,000 after purchasing an additional 43,989 shares during the period. Hotchkis & Wiley Capital Management LLC lifted its position in FedEx by 7.1% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 2,030,687 shares of the shipping service provider’s stock valued at $495,041,000 after purchasing an additional 135,290 shares during the period. ACR Alpine Capital Research LLC lifted its position in FedEx by 85.9% in the first 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 during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in FedEx by 0.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,506,226 shares of the shipping service provider’s stock valued at $367,188,000 after purchasing an additional 5,490 shares during the period. Institutional investors and hedge funds own 84.47% of the company’s stock.

FedEx Stock Performance

Shares of FDX stock opened at $232.11 on Thursday. The firm has a market capitalization of $54.77 billion, a P/E ratio of 13.75, a P/E/G ratio of 1.20 and a beta of 1.30. The company’s fifty day moving average price is $230.42 and its two-hundred day moving average price is $230.50. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.19 and a quick ratio of 1.15. FedEx Corporation has a 12 month low of $194.29 and a 12 month high of $308.53.

FedEx (NYSE:FDX) last released its quarterly earnings data on Tuesday, June 24th. The shipping service provider reported $6.07 earnings per share for the quarter, topping 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 firm had revenue of $22.20 billion for the quarter, compared to analyst estimates of $21.86 billion. During the same quarter in the prior year, the business earned $5.41 earnings per share. FedEx has set its Q1 2026 guidance at 3.400-4.000 EPS. On average, research analysts anticipate that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The firm 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 2.5%. The ex-dividend date is Monday, September 8th. FedEx’s dividend payout ratio (DPR) is presently 34.36%.

Insider Buying and Selling

In other news, Director Paul S. Walsh sold 3,610 shares of the firm’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 transaction, the director owned 15,513 shares in the company, valued at approximately $3,696,592.77. This trade represents a 18.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Marvin R. Ellison sold 3,610 shares of the firm’s stock in a transaction on Wednesday, July 9th. The shares were sold at an average price of $236.94, for a total transaction of $855,353.40. Following the transaction, the director owned 7,720 shares in the company, valued at $1,829,176.80. This represents a 31.86% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,343 shares of company stock worth $2,228,816. Corporate insiders own 0.53% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. UBS Group reduced their price objective on shares of FedEx from $311.00 to $297.00 and set a “buy” rating for the company in a research report on Wednesday, June 25th. Sanford C. Bernstein reduced their price objective on shares of FedEx from $282.00 to $249.00 and set a “market perform” rating for the company in a research report on Friday, June 13th. Susquehanna raised their price objective on shares of FedEx from $290.00 to $295.00 and gave the company a “positive” rating in a research report on Wednesday, June 25th. Citigroup reduced their price target on shares of FedEx from $278.00 to $275.00 and set a “buy” rating for the company in a research report on Monday, August 18th. Finally, Bank of America reduced their price target on shares of FedEx from $270.00 to $245.00 and set a “buy” rating for the company in a research report on Wednesday, June 25th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, FedEx has an average rating of “Moderate Buy” and an average price target of $283.13.

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.