Horrell Capital Management Inc. Reduces Stock Position in FedEx Corporation $FDX

Horrell Capital Management Inc. lowered its stake in shares of FedEx Corporation (NYSE:FDX) by 8.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,355 shares of the shipping service provider’s stock after selling 1,993 shares during the quarter. FedEx accounts for 3.6% of Horrell Capital Management Inc.’s investment portfolio, making the stock its 9th largest holding. Horrell Capital Management Inc.’s holdings in FedEx were worth $7,962,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of FDX. Brighton Jones LLC boosted its holdings in FedEx by 12.8% during the fourth quarter. Brighton Jones LLC now owns 1,825 shares of the shipping service provider’s stock worth $514,000 after purchasing an additional 207 shares during the last quarter. Empowered Funds LLC increased its stake in FedEx by 78.9% in the 1st quarter. Empowered Funds LLC now owns 10,311 shares of the shipping service provider’s stock valued at $2,514,000 after buying an additional 4,548 shares during the last quarter. Sivia Capital Partners LLC bought a new position in shares of FedEx during the 2nd quarter worth approximately $586,000. Quantbot Technologies LP purchased a new position in shares of FedEx in the 2nd quarter worth approximately $186,000. Finally, Jump Financial LLC bought a new position in shares of FedEx in the second quarter valued at approximately $456,000. 84.47% of the stock is currently owned by institutional investors.

Insider Activity

In other FedEx news, EVP Tracy B. Brightman sold 16,959 shares of the stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $363.47, for a total transaction of $6,164,087.73. Following the completion of the transaction, the executive vice president owned 11,052 shares in the company, valued at $4,017,070.44. This trade represents a 60.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Gina F. Adams sold 20,450 shares of FedEx stock in a transaction dated Tuesday, April 14th. The stock was sold at an average price of $366.45, for a total transaction of $7,493,902.50. Following the completion of the transaction, the executive vice president owned 19,403 shares of the company’s stock, valued at $7,110,229.35. The trade was a 51.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 53,146 shares of company stock valued at $19,235,438. 0.53% of the stock is currently owned by corporate insiders.

More FedEx News

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: FedEx was upgraded to strong-buy by Stephens, adding to the bullish analyst tone after Barclays also raised its rating. Zacks report on FedEx upgrade
• Positive Sentiment: The company’s pilots ratified a new contract, easing a key labor concern and reducing uncertainty around operations. Blockonomi article on FedEx stock surge
• Positive Sentiment: FedEx launched a new life sciences division, expanding its healthcare logistics capabilities and potentially opening a higher-margin growth avenue. FreightWaves/Yahoo article on life sciences unit
• Neutral Sentiment: Recent commentary highlighted FedEx’s steadier revenue trend versus UPS, reinforcing the view that its top line is holding up better than some peers. Motley Fool article on FedEx vs UPS revenue trends
• Neutral Sentiment: Industry discussion around higher freight rates and stronger trucking conditions is supportive for logistics names overall, but the impact on FedEx is indirect and not guaranteed. Yahoo Finance freight rates article
• Negative Sentiment: Amazon Shipping is using low pricing and fewer surcharges to attract customers, increasing competitive pressure on FedEx’s parcel and logistics business. Supply Chain Dive article on Amazon Shipping

FedEx Stock Performance

NYSE:FDX opened at $310.84 on Friday. The company has a market capitalization of $74.17 billion, a P/E ratio of 16.79 and a beta of 1.29. The business has a fifty day simple moving average of $350.10 and a two-hundred day simple moving average of $348.79. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.48 and a quick ratio of 1.44. FedEx Corporation has a 1 year low of $172.88 and a 1 year high of $345.36.

FedEx (NYSE:FDX) last issued its quarterly earnings results on Tuesday, June 23rd. The shipping service provider reported $6.31 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 16.49% and a net margin of 4.68%.The business’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same quarter 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 firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Monday, June 22nd were issued a dividend of $1.22 per share. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $4.88 annualized dividend and a yield of 1.6%. FedEx’s dividend payout ratio is 26.36%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Stephens upgraded FedEx to a “strong-buy” rating in a report on Wednesday. Jefferies Financial Group started coverage on FedEx in a research note on Tuesday, June 23rd. They issued a “buy” rating and a $200.00 price objective for the company. TD Cowen decreased their target price on FedEx from $426.00 to $354.00 in a research report on Wednesday, June 24th. BNP Paribas Exane lowered their target price on FedEx from $335.00 to $269.76 and set a “neutral” rating on the stock in a research note on Tuesday, June 2nd. Finally, Stifel Nicolaus cut their price target on shares of FedEx from $442.00 to $326.00 and set a “buy” rating on the stock in a report on Wednesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $349.60.

About FedEx

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.