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

FedEx Corporation (NYSE:FDX) Director Paul Walsh sold 5,042 shares of the firm’s stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $324.56, for a total transaction 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. This represents a 23.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

FedEx Stock Performance

Shares of FDX stock opened at $313.21 on Friday. FedEx Corporation has a 52 week low of $172.88 and a 52 week high of $345.36. The company has a market capitalization of $74.73 billion, a price-to-earnings ratio of 16.92, a PEG ratio of 1.36 and a beta of 1.29. The company has a 50-day simple moving average of $356.40 and a 200 day simple moving average of $347.60. 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 released its quarterly earnings results on Tuesday, June 23rd. The shipping service provider reported $6.31 earnings per share for the quarter, beating the consensus estimate of $5.91 by $0.40. The firm had revenue of $25.01 billion for 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%. The business’s revenue was up 12.5% on a year-over-year basis. During the same period in the prior year, the firm earned $6.07 EPS. FedEx has set its FY 2027 guidance at 16.900-18.100 EPS.

FedEx Cuts Dividend

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

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Weiss Ratings downgraded FedEx from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, June 3rd. Rothschild & Co Redburn decreased their price objective on FedEx from $375.00 to $344.00 and set a “neutral” rating on the stock in a report on Tuesday, June 2nd. Sanford C. Bernstein set a $397.00 price objective on FedEx in a research report on Wednesday, June 24th. UBS Group dropped their target price on FedEx from $445.00 to $350.00 and set a “buy” rating for the company in a report on Wednesday, June 24th. Finally, TD Cowen reduced their target price on shares of FedEx from $426.00 to $354.00 in a research report on Wednesday, June 24th. Eighteen analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, FedEx currently has a consensus rating of “Moderate Buy” and an average price target of $349.60.

Institutional Investors Weigh In On FedEx

Several institutional investors have recently made changes to their positions in FDX. Versant Capital Management Inc grew its position in FedEx by 41.7% during the second 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 in the last quarter. Basecamp Wealth Advisors LLC raised its holdings in FedEx by 11.5% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 445 shares of the shipping service provider’s stock valued at $158,000 after acquiring an additional 46 shares in the last quarter. Sapient Capital LLC acquired a new position in FedEx in the 1st quarter valued at $620,000. Western Wealth Management LLC lifted its position in shares of 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 acquiring an additional 3,148 shares during the period. Finally, FAS Wealth Partners Inc. lifted its position in shares of 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 acquiring an additional 591 shares during the period. 84.47% of the stock is currently owned by institutional investors.

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.