Addenda Capital Inc. Sells 159 Shares of FedEx Corporation $FDX

Addenda Capital Inc. decreased its position in shares of FedEx Corporation (NYSE:FDX) by 0.6% during the second quarter, HoldingsChannel reports. The firm owned 26,514 shares of the shipping service provider’s stock after selling 159 shares during the period. Addenda Capital Inc.’s holdings in FedEx were worth $6,065,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Abound Financial LLC purchased a new position in shares of FedEx in the first quarter worth $38,000. WPG Advisers LLC purchased a new stake in FedEx in the first quarter valued at $43,000. Cary Street Partners Investment Advisory LLC increased its stake in FedEx by 60.7% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 188 shares of the shipping service provider’s stock worth $46,000 after purchasing an additional 71 shares during the period. SOA Wealth Advisors LLC. increased its holdings in FedEx by 60.6% in the first quarter. SOA Wealth Advisors LLC. now owns 249 shares of the shipping service provider’s stock valued at $61,000 after buying an additional 94 shares during the last quarter. Finally, Alpine Bank Wealth Management purchased a new position in shares of FedEx in the 1st quarter valued at approximately $65,000. Hedge funds and other institutional investors own 84.47% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Raymond James Financial reiterated an “outperform” rating and set a $255.00 target price on shares of FedEx in a report on Thursday, September 18th. Susquehanna upped their price objective on shares of FedEx from $285.00 to $300.00 and gave the company a “positive” rating in a research report on Friday, September 19th. BNP Paribas Exane raised FedEx from an “underperform” rating to an “outperform” rating and set a $270.00 target price for the company in a research note on Thursday, July 3rd. Dbs Bank upgraded FedEx from a “hold” rating to a “moderate buy” rating in a report on Thursday, August 21st. Finally, JPMorgan Chase & Co. reduced their target price on shares of FedEx from $285.00 to $284.00 and set an “overweight” rating for the company in a research report on Friday, September 19th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $271.67.

FedEx Stock Performance

NYSE:FDX opened at $237.89 on Friday. FedEx Corporation has a 1 year low of $194.29 and a 1 year high of $308.53. The company has a market cap of $56.13 billion, a price-to-earnings ratio of 13.89, a PEG ratio of 1.32 and a beta of 1.20. The stock’s 50 day simple moving average is $229.31 and its two-hundred day simple moving average is $226.01. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.25 and a quick ratio of 1.21.

FedEx (NYSE:FDX) last issued its quarterly earnings data on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.71 by $0.12. The business had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $21.74 billion. FedEx had a return on equity of 16.33% and a net margin of 4.65%.The company’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.60 EPS. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. As a group, equities analysts anticipate that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The business 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 $1.45 dividend. This represents a $5.80 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Monday, September 8th. FedEx’s payout ratio is presently 33.86%.

Insider Buying and Selling

In other news, Director R Brad Martin sold 2,123 shares of the firm’s stock in a transaction on Monday, July 7th. The shares were sold at an average price of $241.75, for a total transaction of $513,235.25. Following the completion of the transaction, the director owned 8,935 shares of the company’s stock, valued at approximately $2,160,036.25. This trade represents a 19.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Marvin R. Ellison sold 3,610 shares of the business’s 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 sale, the director directly owned 7,720 shares of the company’s stock, valued at approximately $1,829,176.80. The trade was a 31.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 9,343 shares of company stock worth $2,228,816. Corporate insiders own 0.53% of the company’s stock.

About FedEx

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.