FedEx Corporation $FDX Stock Sold by Sentry LLC

Sentry LLC cut its position in shares of FedEx Corporation (NYSE:FDX) by 42.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 203,607 shares of the shipping service provider’s stock after selling 149,868 shares during the quarter. FedEx makes up 20.6% of Sentry LLC’s investment portfolio, making the stock its largest position. Sentry LLC’s holdings in FedEx were worth $58,046,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of FDX. BlackRock Inc. purchased a new position in shares of FedEx during the second quarter valued at approximately $6,508,103,000. Primecap Management Co. CA acquired a new stake in FedEx during the second quarter worth approximately $2,554,138,000. Dimensional Fund Advisors LP grew its stake in FedEx by 2.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,630,669 shares of the shipping service provider’s stock worth $936,688,000 after acquiring an additional 52,963 shares during the period. Bank of New York Mellon Corp raised its holdings in FedEx by 6.3% in the 1st quarter. Bank of New York Mellon Corp now owns 2,134,672 shares of the shipping service provider’s stock valued at $760,328,000 after acquiring an additional 125,950 shares during the last quarter. Finally, Bank of America Corp DE acquired a new position in FedEx in the 2nd quarter valued at $579,171,000. 84.47% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting FedEx

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: Jim Cramer praised FedEx’s rebound, calling its move “very nice,” adding a favorable public endorsement. Jim Cramer Recommends FedEx
• Positive Sentiment: Citigroup reportedly sees potential for significant appreciation in FDX, reinforcing the positive analyst outlook. Citigroup Forecasts Strong Price Appreciation for FedEx
• Positive Sentiment: FedEx says dedicated logistics teams have helped win contracts serving aerospace and automotive customers, including shipments of aircraft engines and auto parts. Those specialized, potentially higher-value services could support growth beyond traditional parcel delivery. FedEx uses dedicated logistics teams to win aerospace, automotive business
• Positive Sentiment: A report says FedEx’s customer base is shifting and its latest quarter indicates the strategy is working. Separately, its latest results beat estimates: earnings were $3.74 per share versus a $3.34 consensus, while revenue reached $22.93 billion. FedEx CEO is seeing a shift in its customer base
• Positive Sentiment: FedEx plans to extend its Network 2.0 integration to Los Angeles and other markets after completing it in locations including Dallas and San Francisco. The restructuring could improve network efficiency, though the rollout continues into 2027. FedEx Network 2.0 headed to Los Angeles, other markets post-holidays
• Neutral Sentiment: FedEx gained but underperformed some competitors, suggesting its move was not as strong as peers’. FedEx Corp. stock underperforms Wednesday when compared to competitors despite daily gains
• Negative Sentiment: EVP Gina Adams sold 3,014 shares, reducing her direct holdings by about 24%. Insider sales can weigh on sentiment, although the transaction alone does not establish a negative outlook. FedEx insider Gina Adams sells 3,014 shares

Insider Activity

In other FedEx news, EVP Tracy Brightman sold 26,611 shares of the company’s stock in a transaction dated Friday, October 30th. The stock was sold at an average price of $316.68, for a total transaction of $8,427,171.48. Following the completion of the sale, the executive vice president directly owned 12,245 shares in the company, valued at $3,877,746.60. This represents a 68.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Gina Adams sold 3,014 shares of FedEx stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $317.06, for a total value of $955,618.84. Following the completion of the transaction, the executive vice president directly owned 9,656 shares in the company, valued at $3,061,531.36. This represents a 23.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.65% of the company’s stock.

FedEx Stock Up 3.6%

Shares of FDX opened at $329.47 on Thursday. The firm has a market cap of $77.16 billion, a PE ratio of 20.26, a price-to-earnings-growth ratio of 1.28 and a beta of 1.27. The company’s fifty day moving average is $303.77 and its two-hundred day moving average is $337.29. FedEx Corporation has a fifty-two week low of $200.20 and a fifty-two week high of $345.36. The company has a quick ratio of 1.29, a current ratio of 1.33 and a debt-to-equity ratio of 0.50.

FedEx (NYSE:FDX) last announced its quarterly earnings data on Wednesday, October 28th. The shipping service provider reported $3.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.34 by $0.40. The company had revenue of $22.93 billion during the quarter, compared to analysts’ expectations of $22.73 billion. FedEx had a net margin of 4.09% and a return on equity of 15.53%. The business’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same period in the previous year, the company earned $3.83 EPS. Analysts forecast that FedEx Corporation will post 18.29 earnings per share for the current year.

FedEx Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Monday, September 14th were given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Monday, September 14th. FedEx’s payout ratio is 30.01%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on FDX shares. Weiss Ratings lowered FedEx from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, October 29th. Sanford C. Bernstein set a $377.00 price objective on FedEx in a research report on Monday, October 26th. Bank of America dropped their target price on FedEx from $378.00 to $359.00 and set a “buy” rating for the company in a research note on Tuesday, October 27th. Stephens upgraded FedEx to a “strong-buy” rating in a research report on Wednesday, July 8th. Finally, HSBC raised FedEx from a “hold” rating to a “buy” rating and set a $370.00 price target on the stock in a research note on Thursday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, nine have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, FedEx has an average rating of “Moderate Buy” and an average price target of $359.16.

FedEx Company Profile

FedEx Corporation (NYSE: FDX) is a global transportation, e-commerce and business services company headquartered in Memphis, Tennessee. Through its operating companies, FedEx provides time-definite express delivery, ground shipping, freight transportation, customs brokerage, logistics and supply chain services for businesses, governments and consumers.

The company’s services include domestic and international package delivery, less-than-truckload freight transportation, warehousing, fulfillment, supply chain management and specialized logistics solutions.