FedEx Corporation $FDX Shares Sold by Confluence Wealth Services Inc.

Confluence Wealth Services Inc. cut its stake in FedEx Corporation (NYSE:FDX) by 4.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,495 shares of the shipping service provider’s stock after selling 128 shares during the quarter. Confluence Wealth Services Inc.’s holdings in FedEx were worth $567,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Valeo Financial Advisors LLC grew its position in FedEx by 28,080.9% in the second quarter. Valeo Financial Advisors LLC now owns 3,743,557 shares of the shipping service provider’s stock valued at $850,948,000 after acquiring an additional 3,730,273 shares in the last quarter. Nuveen LLC acquired a new stake in FedEx during the 1st quarter valued at $314,650,000. ACR Alpine Capital Research LLC increased its stake in FedEx by 85.9% during the 1st quarter. ACR Alpine Capital Research LLC now owns 1,585,033 shares of the shipping service provider’s stock worth $386,399,000 after buying an additional 732,266 shares during the period. Vanguard Group Inc. lifted its holdings in FedEx by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 20,489,161 shares of the shipping service provider’s stock worth $4,994,848,000 after buying an additional 289,655 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its position in FedEx by 302.6% in the 1st quarter. Canada Pension Plan Investment Board now owns 352,296 shares of the shipping service provider’s stock valued at $85,883,000 after buying an additional 264,792 shares during the last quarter. Hedge funds and other institutional investors own 84.47% of the company’s stock.

Insider Activity

In related news, Director Marvin R. Ellison sold 3,610 shares of the business’s stock in a transaction that occurred on Wednesday, July 9th. The stock was sold at an average price of $236.94, for a total transaction of $855,353.40. Following the completion of the transaction, the director owned 7,720 shares in the company, valued at $1,829,176.80. The trade was a 31.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. TD Cowen lifted their target price on FedEx from $269.00 to $271.00 and gave the stock a “buy” rating in a research report on Friday, September 19th. Vertical Research dropped their price objective on FedEx from $280.00 to $275.00 in a report on Friday, September 19th. Susquehanna increased their target price on FedEx from $285.00 to $300.00 and gave the company a “positive” rating in a research note on Friday, September 19th. Truist Financial restated a “buy” rating and issued a $275.00 price target on shares of FedEx in a research note on Wednesday, June 25th. Finally, HSBC increased their price objective on shares of FedEx from $230.00 to $235.00 in a research note on Friday, September 19th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $271.67.

FedEx Stock Up 1.1%

FDX stock opened at $247.23 on Tuesday. The firm has a market cap of $58.34 billion, a price-to-earnings ratio of 14.43, a PEG ratio of 1.36 and a beta of 1.28. FedEx Corporation has a 1-year low of $194.29 and a 1-year high of $308.53. The firm has a fifty day moving average price of $229.86 and a two-hundred day moving average price of $225.82. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.25 and a quick ratio of 1.21.

FedEx (NYSE:FDX) last posted its quarterly earnings results 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. The business had revenue of $22.20 billion during the quarter, compared to analyst estimates of $21.74 billion. FedEx had a net margin of 4.65% and a return on equity of 16.33%. The company’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the business posted $3.60 EPS. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. Research analysts predict that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Monday, September 8th were given a dividend of $1.45 per share. This represents a $5.80 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Monday, September 8th. FedEx’s dividend payout ratio is presently 33.86%.

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.