Janney Montgomery Scott LLC Sells 10,993 Shares of FedEx Corporation $FDX

Posted by Francis Steltz on Jul 1st, 2026

Janney Montgomery Scott LLC reduced its position in FedEx Corporation (NYSE:FDX – Free Report) by 16.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 55,268 shares of the shipping service provider’s stock after selling 10,993 shares during the quarter. Janney Montgomery Scott LLC’s holdings in FedEx were worth $19,686,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Dodge & Cox lifted its stake in FedEx by 12.0% in the 3rd quarter. Dodge & Cox now owns 16,225,160 shares of the shipping service provider’s stock worth $3,826,055,000 after purchasing an additional 1,742,666 shares in the last quarter. State Street Corp grew its position in shares of FedEx by 4.2% during the 4th quarter. State Street Corp now owns 9,521,691 shares of the shipping service provider’s stock valued at $2,763,824,000 after purchasing an additional 382,848 shares in the last quarter. Franklin Resources Inc. raised its position in shares of FedEx by 6.6% in the fourth quarter. Franklin Resources Inc. now owns 5,133,231 shares of the shipping service provider’s stock worth $1,482,785,000 after buying an additional 318,293 shares in the last quarter. Geode Capital Management LLC boosted its stake in FedEx by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 4,985,778 shares of the shipping service provider’s stock valued at $1,443,666,000 after buying an additional 45,818 shares during the period. Finally, Invesco Ltd. boosted its stake in FedEx by 3.1% during the third quarter. Invesco Ltd. now owns 3,618,898 shares of the shipping service provider’s stock valued at $853,372,000 after buying an additional 108,426 shares during the period. Hedge funds and other institutional investors own 84.47% of the company’s stock.

FedEx Trading Down 3.7%

Shares of NYSE FDX opened at $313.44 on Wednesday. FedEx Corporation has a 1 year low of $172.88 and a 1 year high of $345.36. The stock has a market cap of $74.79 billion, a P/E ratio of 16.93, a price-to-earnings-growth ratio of 1.41 and a beta of 1.28. The firm has a 50-day moving average of $361.08 and a 200 day moving average of $347.43. 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 (NYSE:FDX – Get Free Report) last announced its quarterly earnings data on Tuesday, June 23rd. The shipping service provider reported $6.31 earnings per share for the quarter, topping analysts’ consensus estimates of $5.91 by $0.40. FedEx had a net margin of 4.68% and a return on equity of 16.49%. The business had revenue of $25.01 billion for the quarter, compared to analysts’ expectations of $24.04 billion. During the same quarter in the prior year, the company earned $6.07 earnings per share. The business’s revenue was up 12.5% compared to the same quarter last year. FedEx has set its FY 2027 guidance at 16.900-18.100 EPS. As a group, sell-side analysts expect that FedEx Corporation will post 20.89 EPS for the current fiscal year.

FedEx Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Monday, June 22nd will be paid a $1.22 dividend. The ex-dividend date is Monday, June 22nd. This represents a $4.88 annualized dividend and a dividend yield of 1.6%. FedEx’s dividend payout ratio is presently 26.36%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on FDX shares. Sanford C. Bernstein set a $397.00 target price on FedEx in a research note on Wednesday, June 24th. JPMorgan Chase & Co. reissued a “buy” rating on shares of FedEx in a report on Friday, June 26th. BNP Paribas Exane decreased their price objective on shares of FedEx from $335.00 to $269.76 and set a “neutral” rating on the stock in a research report on Tuesday, June 2nd. Wolfe Research dropped their target price on shares of FedEx from $427.00 to $423.00 and set an “outperform” rating for the company in a research report on Tuesday, April 7th. Finally, BMO Capital Markets reissued a “market perform” rating on shares of FedEx in a research note on Wednesday, June 24th. Eighteen analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $349.60.

Get Our Latest Analysis on FedEx

Insider Buying and Selling

In other FedEx news, EVP Gina F. Adams sold 20,450 shares of FedEx stock in a transaction on 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 in the company, valued at approximately $7,110,229.35. The trade was a 51.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kawal Preet sold 4,900 shares of the business’s stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $367.89, for a total value of $1,802,661.00. Following the completion of the sale, the executive vice president directly owned 10,953 shares in the company, valued at $4,029,499.17. This trade represents a 30.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 48,104 shares of company stock worth $17,599,006 in the last 90 days. Corporate insiders own 0.53% of the company’s stock.

About FedEx

(Free Report)

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.