FedEx Corporation $FDX Shares Sold by Syntax Research Inc.

Syntax Research Inc. lessened its holdings in FedEx Corporation (NYSE:FDX) by 91.4% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 851 shares of the shipping service provider’s stock after selling 8,996 shares during the period. Syntax Research Inc.’s holdings in FedEx were worth $303,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of FDX. Bayban purchased a new stake in shares of FedEx during the first quarter worth $26,000. EFG International AG purchased a new position in FedEx in the fourth quarter valued at $27,000. Wealth Watch Advisors INC acquired a new position in FedEx during the 3rd quarter worth $28,000. Ameriflex Group Inc. grew its stake in FedEx by 103.3% during the 3rd quarter. Ameriflex Group Inc. now owns 124 shares of the shipping service provider’s stock worth $29,000 after purchasing an additional 63 shares in the last quarter. Finally, Ulland Investment Advisors LLC purchased a new stake in FedEx during the 4th quarter worth about $29,000. Institutional investors and hedge funds own 84.47% of the company’s stock.

FedEx Stock Performance

Shares of FedEx stock opened at $313.99 on Thursday. The company has a quick ratio of 1.44, a current ratio of 1.48 and a debt-to-equity ratio of 0.74. The firm’s 50 day moving average is $359.49 and its two-hundred day moving average is $347.64. The firm has a market capitalization of $74.92 billion, a P/E ratio of 16.96, a P/E/G ratio of 1.36 and a beta of 1.29. FedEx Corporation has a 52 week low of $172.88 and a 52 week high of $345.36.

FedEx (NYSE:FDX) last announced its quarterly earnings results on Tuesday, June 23rd. The shipping service provider reported $6.31 EPS for the quarter, topping the consensus estimate of $5.91 by $0.40. FedEx had a net margin of 4.68% and a return on equity of 16.49%. The firm had revenue of $25.01 billion for the quarter, compared to analyst estimates of $24.04 billion. During the same period last year, the business earned $6.07 EPS. FedEx’s revenue for the quarter was up 12.5% compared to the same quarter last year. FedEx has set its FY 2027 guidance at 16.900-18.100 EPS. Research analysts forecast that FedEx Corporation will post 20.89 EPS for the current fiscal year.

FedEx Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Monday, June 22nd will be issued a dividend of $1.22 per share. The ex-dividend date of this dividend is Monday, June 22nd. This represents a $4.88 annualized dividend and a dividend yield of 1.6%. FedEx’s dividend payout ratio (DPR) is presently 26.36%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Stephens reaffirmed an “overweight” rating and issued a $435.00 price target on shares of FedEx in a research report on Tuesday, April 14th. Deutsche Bank Aktiengesellschaft downgraded FedEx from a “buy” rating to a “hold” rating in a research report on Wednesday, May 27th. Evercore set a $165.00 target price on shares of FedEx in a report on Friday, June 26th. HSBC decreased their price target on shares of FedEx from $360.00 to $289.89 and set a “hold” rating for the company in a research note on Monday, June 1st. Finally, The Goldman Sachs Group lowered their price target on shares of FedEx from $405.00 to $375.00 and set a “buy” rating for the company in a report on Monday, June 1st. Eighteen research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $349.60.

FedEx News Roundup

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: Goldman Sachs initiated coverage of the newly spun-off FedEx Freight with a Buy rating and a $186 price target, citing room for margin expansion, stronger pricing power and improved cash generation. Article Title
• Positive Sentiment: FedEx’s latest quarterly results beat expectations, with higher-than-expected earnings and revenue, which helps support the stock’s longer-term fundamentals even as investors focus on the restructuring.
• Neutral Sentiment: CMA CGM hired former FedEx Logistics leader Patrick Moebel to run Ceva Logistics, highlighting the strategic importance of the transaction and the buyer’s intent to expand in North America. Article Title
• Neutral Sentiment: FedEx also announced a local shipping-center closure, but this appears to be a minor operational item and is unlikely to move the stock on its own. Article Title
• Negative Sentiment: The sale underscores continuing concern about FedEx’s growth outlook, with analysts noting the company is relying on cost cuts and efficiency initiatives to offset weaker shipping demand and top-line pressure. Article Title
• Negative Sentiment: FedEx shares fell in premarket trading after reports of the $1.4 billion logistics-unit sale, suggesting some investors are concerned about the implications of shedding a major business line. Article Title
• Negative Sentiment: An EEOC lawsuit alleging discrimination against blind workers adds a separate legal overhang, though it is less likely to be the main driver of today’s move. Article Title

Insider Transactions at FedEx

In related news, EVP Gina F. Adams sold 20,450 shares of the firm’s stock in a transaction that occurred 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 transaction, the executive vice president owned 19,403 shares in the company, valued at $7,110,229.35. This trade represents a 51.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Kawal Preet sold 4,900 shares of FedEx stock in a transaction that occurred 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 transaction, the executive vice president directly owned 10,953 shares in the company, valued at approximately $4,029,499.17. This trade represents a 30.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 48,104 shares of company stock worth $17,599,006 over the last three months. 0.53% of the stock is currently owned by company insiders.

FedEx Profile

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.