Rep. Julie Johnson Sells Off Shares of FedEx Co. (NYSE:FDX)

Representative Julie Johnson (D-Texas) recently sold shares of FedEx Co. (NYSE:FDX). In a filing disclosed on May 14th, the Representative disclosed that they had sold between $1,001 and $15,000 in FedEx stock on April 1st. The trade occurred in the Representative’s “MERRILL LYNCH TAX EFFICIENT CORE” account.

Representative Julie Johnson also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Fidelity National Information Services (NYSE:FIS) on 4/30/2025.
• Sold $1,001 – $15,000 in shares of Blackstone (NYSE:BX) on 4/22/2025.
• Purchased $1,001 – $15,000 in shares of Fidelity National Information Services (NYSE:FIS) on 4/22/2025.
• Sold $1,001 – $15,000 in shares of United Parcel Service (NYSE:UPS) on 4/15/2025.
• Sold $1,001 – $15,000 in shares of United Parcel Service (NYSE:UPS) on 4/11/2025.
• Purchased $1,001 – $15,000 in shares of 3M (NYSE:MMM) on 4/11/2025.
• Sold $1,001 – $15,000 in shares of DT Midstream (NYSE:DTM) on 4/7/2025.
• Sold $1,001 – $15,000 in shares of Intuitive Surgical (NASDAQ:ISRG) on 4/7/2025.
• Sold $1,001 – $15,000 in shares of Howmet Aerospace (NYSE:HWM) on 4/7/2025.
• Sold $1,001 – $15,000 in shares of Carlisle Companies (NYSE:CSL) on 4/7/2025.

FedEx Trading Down 0.8%

Shares of NYSE:FDX traded down $1.77 during trading on Friday, reaching $229.34. The stock had a trading volume of 2,270,050 shares, compared to its average volume of 1,811,108. The business has a fifty day moving average price of $222.96 and a 200-day moving average price of $256.54. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.73. The stock has a market cap of $54.95 billion, a P/E ratio of 14.62, a PEG ratio of 1.11 and a beta of 1.36. FedEx Co. has a fifty-two week low of $194.30 and a fifty-two week high of $313.84.

FedEx (NYSE:FDX) last posted its quarterly earnings data on Thursday, March 20th. The shipping service provider reported $4.51 earnings per share for the quarter, missing analysts’ consensus estimates of $4.56 by ($0.05). The firm had revenue of $22.16 billion during the quarter, compared to analyst estimates of $21.96 billion. FedEx had a net margin of 4.45% and a return on equity of 15.59%. The business’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the prior year, the firm earned $3.86 EPS. As a group, analysts anticipate that FedEx Co. will post 19.14 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

FDX has been the subject of several research analyst reports. Bank of America dropped their price target on shares of FedEx from $272.00 to $270.00 and set a “buy” rating for the company in a research report on Tuesday, May 13th. Truist Financial dropped their price target on shares of FedEx from $305.00 to $275.00 and set a “buy” rating for the company in a research report on Thursday, April 24th. Jefferies Financial Group raised shares of FedEx from a “hold” rating to a “buy” rating and dropped their price target for the stock from $300.00 to $275.00 in a research report on Monday, March 24th. Loop Capital lowered shares of FedEx from a “hold” rating to a “sell” rating and dropped their price target for the stock from $283.00 to $221.00 in a research report on Friday, March 21st. Finally, JPMorgan Chase & Co. dropped their price target on shares of FedEx from $323.00 to $280.00 and set an “overweight” rating for the company in a research report on Friday, March 21st. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $297.63.

Insiders Place Their Bets

In other news, COO John Alan Smith sold 6,155 shares of the company’s stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $243.55, for a total value of $1,499,050.25. Following the sale, the chief operating officer now owns 23,347 shares in the company, valued at approximately $5,686,161.85. This represents a 20.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 8.87% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FDX. Norges Bank purchased a new position in shares of FedEx in the fourth quarter valued at $807,352,000. Nuveen LLC purchased a new position in shares of FedEx in the first quarter valued at $314,650,000. Raymond James Financial Inc. purchased a new position in shares of FedEx in the fourth quarter valued at $234,028,000. Dodge & Cox boosted its stake in FedEx by 5.6% during the 4th quarter. Dodge & Cox now owns 13,889,624 shares of the shipping service provider’s stock valued at $3,907,568,000 after acquiring an additional 734,268 shares during the last quarter. Finally, ACR Alpine Capital Research LLC boosted 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 valued at $386,399,000 after acquiring an additional 732,266 shares during the last quarter. 84.47% of the stock is currently owned by hedge funds and other institutional investors.

About Representative Johnson

Julie Johnson (Democratic Party) is a member of the U.S. House, representing Texas’ 32nd Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027.

Johnson (Democratic Party) ran for election to the U.S. House to represent Texas’ 32nd Congressional District. She won in the general election on November 5, 2024.

Julie Johnson earned a B.A. in history and government from the University of Texas at Austin in 1987 and a J.D. from the University of Houston Law Center in 1991. Johnson’s career experience includes working as an attorney.

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.