Essex Savings Bank Reduces Stake in FedEx Corporation $FDX

Essex Savings Bank reduced its position in FedEx Corporation (NYSE:FDX) by 13.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,102 shares of the shipping service provider’s stock after selling 176 shares during the period. Essex Savings Bank’s holdings in FedEx were worth $250,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Golden State Wealth Management LLC increased its stake in FedEx by 21.1% in the 1st quarter. Golden State Wealth Management LLC now owns 362 shares of the shipping service provider’s stock valued at $88,000 after purchasing an additional 63 shares in the last quarter. Sage Capital Advisors llc increased its stake in FedEx by 136.5% in the 2nd quarter. Sage Capital Advisors llc now owns 34,697 shares of the shipping service provider’s stock valued at $7,887,000 after purchasing an additional 20,024 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in FedEx in the 2nd quarter valued at approximately $586,000. Value Partners Investments Inc. increased its position in FedEx by 26.4% during the second quarter. Value Partners Investments Inc. now owns 181,454 shares of the shipping service provider’s stock worth $41,247,000 after buying an additional 37,950 shares in the last quarter. Finally, NBC Securities Inc. purchased a new position in FedEx during the first quarter worth $147,000. 84.47% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at FedEx

In other FedEx news, Director Paul S. Walsh sold 3,610 shares of the firm’s stock in a transaction dated Tuesday, July 8th. The stock was sold at an average price of $238.29, for a total value of $860,226.90. Following the transaction, the director directly owned 15,513 shares of the company’s stock, valued at $3,696,592.77. This trade represents a 18.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director R Brad Martin sold 2,123 shares of FedEx stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $241.75, for a total value of $513,235.25. Following the sale, the director directly owned 8,935 shares in the company, valued at approximately $2,160,036.25. The trade was a 19.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,343 shares of company stock valued at $2,228,816 over the last three months. 0.53% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Raymond James Financial reissued an “outperform” rating and set a $255.00 price target on shares of FedEx in a research report on Thursday. JPMorgan Chase & Co. dropped their price target on FedEx from $285.00 to $284.00 and set an “overweight” rating for the company in a research report on Friday. Cowen reissued a “buy” rating on shares of FedEx in a research report on Wednesday, June 25th. Dbs Bank raised FedEx from a “hold” rating to a “moderate buy” rating in a research report on Thursday, August 21st. Finally, Evercore ISI reissued an “in-line” rating and set a $243.00 price target (down previously from $249.00) on shares of FedEx in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $275.85.

FedEx Trading Up 2.5%

NYSE:FDX opened at $232.10 on Friday. The business’s 50-day moving average is $228.84 and its two-hundred day moving average is $226.45. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.19 and a quick ratio of 1.15. FedEx Corporation has a 12 month low of $194.29 and a 12 month high of $308.53. The firm has a market capitalization of $54.76 billion, a PE ratio of 13.55, a price-to-earnings-growth ratio of 1.31 and a beta of 1.20.

FedEx (NYSE:FDX) last released its quarterly earnings data on Thursday, September 18th. The shipping service provider reported $3.83 EPS for the quarter, beating the consensus estimate of $3.71 by $0.12. FedEx had a return on equity of 16.43% and a net margin of 4.65%.The company had revenue of $22.20 billion for the quarter, compared to analyst estimates of $21.74 billion. During the same period last year, the company posted $3.60 earnings per share. The firm’s revenue was up 3.1% compared to the same quarter last year. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. Research analysts predict that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 8th will be given a $1.45 dividend. The ex-dividend date of this dividend is Monday, September 8th. This represents a $5.80 annualized dividend and a yield of 2.5%. FedEx’s dividend payout ratio (DPR) is 34.36%.

FedEx Company Profile

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.