FedEx (NYSE:FDX) Director Paul Walsh Sells 5,042 Shares of Stock

FedEx Corporation (NYSE:FDX) Director Paul Walsh sold 5,042 shares of the company’s stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $324.56, for a total value of $1,636,431.52. Following the sale, the director owned 16,359 shares of the company’s stock, valued at approximately $5,309,477.04. The trade was a 23.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

FedEx Stock Down 0.2%

Shares of NYSE FDX opened at $313.21 on Friday. The stock has a market capitalization of $74.73 billion, a P/E ratio of 16.92, a PEG ratio of 1.36 and a beta of 1.29. The stock’s fifty day moving average is $357.86 and its 200 day moving average is $347.84. FedEx Corporation has a 52 week low of $172.88 and a 52 week high of $345.36. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.44 and a current ratio of 1.48.

FedEx (NYSE:FDX) last posted its quarterly earnings data on Tuesday, June 23rd. The shipping service provider reported $6.31 earnings per share for the quarter, topping the consensus estimate of $5.91 by $0.40. The business had revenue of $25.01 billion during the quarter, compared to analysts’ expectations of $24.04 billion. FedEx had a net margin of 4.68% and a return on equity of 16.49%. FedEx’s revenue was up 12.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $6.07 earnings per share. FedEx has set its FY 2027 guidance at 16.900-18.100 EPS.

FedEx Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Monday, June 22nd will be issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Monday, June 22nd. FedEx’s dividend payout ratio is 26.36%.

Key FedEx News

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: The $1.4 billion sale of FedEx Supply Chain could help streamline operations, sharpen focus on core shipping services, and provide cash that may support margins or shareholder returns. FedEx strikes $1.4bn deal to sell logistics unit to CMA CGM
• Positive Sentiment: Goldman Sachs initiated coverage of newly spun-off FedEx Freight with a Buy rating, citing potential margin expansion and improved profitability, which could support broader investor sentiment toward the FedEx restructuring story. Goldman Sachs initiates FedEx Freight with Buy, sees 23% margin expansion upside
• Neutral Sentiment: News that CMA CGM hired a former FedEx logistics executive adds context to the deal but is not likely to materially change the near-term thesis by itself. CMA CGM hires FedEx executive Moebel to lead Ceva Logistics
• Negative Sentiment: Seeking Alpha published a cautious view arguing the bullish case for FedEx depends on a margin recovery that is not yet visible, reinforcing concerns that cost cuts may not fully offset soft demand. FedEx: The Bull Case Relies On A Margin Recovery That Isn’t Visible Yet
• Negative Sentiment: Director Paul S. Walsh sold 5,042 shares, which can signal reduced insider confidence even though the sale was relatively small compared with his remaining holdings. SEC insider transaction filing

Hedge Funds Weigh In On FedEx

A number of hedge funds have recently modified their holdings of the business. Versant Capital Management Inc lifted its holdings in FedEx by 41.7% during the 2nd quarter. Versant Capital Management Inc now owns 1,268 shares of the shipping service provider’s stock worth $397,000 after buying an additional 373 shares during the period. Basecamp Wealth Advisors LLC lifted its stake in shares of FedEx by 11.5% in the first quarter. Basecamp Wealth Advisors LLC now owns 445 shares of the shipping service provider’s stock worth $158,000 after acquiring an additional 46 shares during the period. Sapient Capital LLC bought a new stake in FedEx in the first quarter valued at approximately $620,000. Western Wealth Management LLC increased its position in FedEx by 186.1% during the 1st quarter. Western Wealth Management LLC now owns 4,840 shares of the shipping service provider’s stock valued at $1,617,000 after purchasing an additional 3,148 shares during the period. Finally, FAS Wealth Partners Inc. increased its position in FedEx by 5.6% during the 1st quarter. FAS Wealth Partners Inc. now owns 11,055 shares of the shipping service provider’s stock valued at $3,937,000 after purchasing an additional 591 shares during the period. Institutional investors and hedge funds own 84.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on FDX shares. JPMorgan Chase & Co. restated a “buy” rating on shares of FedEx in a research report on Friday, June 26th. Zacks Research downgraded FedEx from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 18th. BMO Capital Markets reiterated a “market perform” rating on shares of FedEx in a research note on Wednesday, June 24th. Sanford C. Bernstein set a $397.00 price target on FedEx in a report on Wednesday, June 24th. Finally, Truist Financial lowered their target price on FedEx from $425.00 to $365.00 and set a “buy” rating for the company in a research note on Thursday, June 25th. Eighteen analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $349.60.

FedEx Company Profile

FedEx Corporation (NYSE: FDX) is a global logistics and courier company headquartered in Memphis, Tennessee. Founded by Frederick W. Smith in 1971 and beginning operations in the early 1970s, the company pioneered overnight express shipping and has since expanded into a diversified portfolio of transportation, e-commerce and supply-chain services. FedEx operates an integrated air-and-ground network that moves parcels, freight and documents for businesses and consumers worldwide.

FedEx’s core operating segments include express parcel delivery via its FedEx Express division, domestic and residential parcel delivery through FedEx Ground, less-than-truckload (LTL) freight services, and logistics and supply-chain management solutions.