FedEx Corporation $FDX Shares Sold by Cabot Wealth Management Inc.

Cabot Wealth Management Inc. lessened its holdings in FedEx Corporation (NYSE:FDX) by 29.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 40,077 shares of the shipping service provider’s stock after selling 17,013 shares during the period. Cabot Wealth Management Inc.’s holdings in FedEx were worth $11,426,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hollencrest Capital Management acquired a new position in FedEx during the first quarter worth about $25,000. Putney Financial Group LLC acquired a new stake in shares of FedEx in the 3rd quarter valued at approximately $25,000. Solstein Capital LLC acquired a new stake in shares of FedEx in the 2nd quarter valued at approximately $27,000. Pathway Financial Advisers LLC acquired a new stake in shares of FedEx in the 3rd quarter valued at approximately $27,000. Finally, Trifecta Capital Advisors LLC grew its holdings in shares of FedEx by 3,233.3% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 100 shares of the shipping service provider’s stock valued at $29,000 after purchasing an additional 97 shares during the last quarter. Institutional investors own 84.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Evercore upped their price objective on shares of FedEx from $350.00 to $351.00 in a research report on Monday, September 28th. Sanford C. Bernstein set a $377.00 price objective on shares of FedEx in a research note on Monday, October 26th. Citigroup raised their target price on shares of FedEx from $373.00 to $374.00 and gave the company a “buy” rating in a research report on Monday, November 2nd. HSBC raised shares of FedEx from a “hold” rating to a “buy” rating and set a $370.00 target price on the stock in a research note on Thursday, October 29th. Finally, Truist Financial decreased their target price on shares of FedEx from $365.00 to $350.00 and set a “buy” rating on the stock in a research note on Wednesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, FedEx has a consensus rating of “Moderate Buy” and a consensus price target of $359.16.

Insiders Place Their Bets

In other FedEx news, CFO Claude Russ sold 16,762 shares of the company’s stock in a transaction that occurred on Tuesday, November 10th. The shares were sold at an average price of $316.11, for a total value of $5,298,635.82. Following the completion of the transaction, the chief financial officer directly owned 4,387 shares in the company, valued at approximately $1,386,774.57. This represents a 79.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Gina Adams sold 3,014 shares of the company’s stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $317.06, for a total transaction of $955,618.84. Following the completion of the transaction, the executive vice president owned 9,656 shares of the company’s stock, valued at approximately $3,061,531.36. This trade represents a 23.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 46,387 shares of company stock valued at $14,681,426 in the last ninety days. 0.65% of the stock is currently owned by insiders.

Top FedEx Stories

Here are a few of the latest stories about FDX:

• Positive Sentiment: FedEx raised its fiscal 2026 earnings outlook after quarterly sales rose. Analysts also cite improving margins, strong cash flow and savings from its network overhaul as potential earnings drivers. What FedEx Stock’s Higher Earnings Outlook Means For Shareholders
• Negative Sentiment: California’s privacy agency fined FedEx nearly $3 million over alleged violations, including not honoring Global Privacy Control opt-out requests. The amount is limited relative to FedEx’s scale, but the matter poses regulatory and reputational risk. California Privacy Agency Fines FedEx Nearly $3M
• Negative Sentiment: CFO Claude Russ sold 16,762 shares, reducing his stake by about 79%. Insider sales can have personal reasons, but the size of the transaction may weigh on sentiment. SEC Form 4 filing

FedEx Stock Performance

Shares of FDX stock opened at $322.61 on Thursday. The firm has a market capitalization of $75.56 billion, a price-to-earnings ratio of 19.84, a PEG ratio of 1.29 and a beta of 1.27. The company has a current ratio of 1.33, a quick ratio of 1.29 and a debt-to-equity ratio of 0.50. The business’s 50-day moving average price is $302.45 and its 200-day moving average price is $337.57. FedEx Corporation has a 12 month low of $207.83 and a 12 month high of $345.36.

FedEx (NYSE:FDX) last released its quarterly earnings data on Wednesday, October 28th. The shipping service provider reported $3.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.34 by $0.40. The company had revenue of $22.93 billion during the quarter, compared to the consensus estimate of $22.73 billion. FedEx had a return on equity of 15.53% and a net margin of 4.09%. The firm’s revenue was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.83 earnings per share. Equities research analysts forecast that FedEx Corporation will post 18.29 EPS for the current year.

FedEx Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Monday, September 14th were issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Monday, September 14th. FedEx’s payout ratio is presently 30.01%.

About FedEx

FedEx Corporation is a global transportation and logistics company that provides delivery, freight, and supply chain services to businesses and consumers. Its offerings include express and ground package delivery, freight transportation, customs clearance, and logistics solutions that help customers manage shipping and distribution. Founded by Frederick W. Smith in 1971, FedEx began operations in 1973. The company serves customers throughout the United States and in international markets, connecting businesses and consumers through its transportation and delivery networks.