FedEx Corporation $FDX Shares Sold by GFS Advisors LLC

GFS Advisors LLC cut its holdings in shares of FedEx Corporation (NYSE:FDX) by 2.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 96,669 shares of the shipping service provider’s stock after selling 2,056 shares during the period. FedEx comprises approximately 3.2% of GFS Advisors LLC’s investment portfolio, making the stock its 7th biggest holding. GFS Advisors LLC’s holdings in FedEx were worth $27,924,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ulland Investment Advisors LLC purchased a new position in FedEx in the fourth quarter valued at $29,000. Tucker Asset Management LLC purchased a new position in FedEx in the fourth quarter valued at $29,000. ORG Partners LLC increased its holdings in FedEx by 50.0% in the fourth quarter. ORG Partners LLC now owns 105 shares of the shipping service provider’s stock valued at $30,000 after buying an additional 35 shares in the last quarter. Camelot Portfolios LLC purchased a new position in FedEx in the fourth quarter valued at $31,000. Finally, Wealth Watch Advisors INC purchased a new position in FedEx in the third quarter valued at $28,000. Hedge funds and other institutional investors own 84.47% of the company’s stock.

FedEx Stock Up 0.5%

FDX stock opened at $331.79 on Wednesday. FedEx Corporation has a 52 week low of $172.88 and a 52 week high of $341.14. The stock has a market capitalization of $79.17 billion, a P/E ratio of 17.66, a P/E/G ratio of 1.50 and a beta of 1.28. The company has a quick ratio of 1.44, a current ratio of 1.47 and a debt-to-equity ratio of 0.77. The firm has a 50-day simple moving average of $373.06 and a 200-day simple moving average of $341.80.

FedEx (NYSE:FDX) last announced its quarterly earnings data on Thursday, March 19th. The shipping service provider reported $5.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.12 by $1.13. FedEx had a net margin of 4.88% and a return on equity of 16.76%. The company had revenue of $24 billion during the quarter, compared to analysts’ expectations of $23.44 billion. During the same quarter in the prior year, the company earned $4.51 EPS. FedEx’s revenue was up 8.3% compared to the same quarter last year. Equities analysts forecast that FedEx Corporation will post 19.72 earnings per share for the current fiscal year.

FedEx Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Monday, June 22nd will be paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Monday, June 22nd. FedEx’s dividend payout ratio is currently 30.87%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on FDX. The Goldman Sachs Group cut their price objective 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. Raymond James Financial began coverage on shares of FedEx in a report on Wednesday, June 3rd. They issued an “outperform” rating and a $180.00 price objective for the company. Wall Street Zen raised shares of FedEx from a “buy” rating to a “strong-buy” rating in a report on Saturday. Evercore cut shares of FedEx from an “outperform” rating to a “cautious” rating in a report on Wednesday, May 27th. Finally, Bank of America cut their price objective on shares of FedEx from $440.00 to $376.00 and set a “buy” rating for the company in a report on Tuesday, June 2nd. Eighteen equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, FedEx currently has an average rating of “Moderate Buy” and a consensus price target of $372.41.

FedEx News Summary

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: FedEx pilots ratified a new contract after nearly five years of negotiations, ending a major labor dispute and reducing operational risk for the company. Reuters: FedEx pilots ratify new wage deal, union says
• Positive Sentiment: The new pilot agreement includes roughly a 40% wage increase, which signals labor stability and could help FedEx avoid future service disruptions tied to bargaining uncertainty. Seeking Alpha: FedEx pilots ratify new contract, secure 40% pay hike
• Positive Sentiment: FedEx updated its annual dividend after the FedEx Freight spin-off, including a 5% increase in the annual dividend rate, reinforcing capital-return support for shareholders. Business Wire: FedEx Corp. Board Declares Quarterly Dividend
• Positive Sentiment: The company separately announced its quarterly dividend and a post-spin adjustment, which may be interpreted as a sign of management confidence in cash flow generation. Yahoo Finance: FedEx Updates Annual Dividend Following FedEx Freight Spin-Off
• Neutral Sentiment: FedEx also announced a new independent director and audit-oversight leadership, a governance update that is constructive but not likely a major near-term stock driver. TipRanks: FedEx Adds Independent Director to Lead Audit Oversight

Insider Buying and Selling at FedEx

In related news, Director Susan C. Schwab sold 5,795 shares of the company’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $369.00, for a total transaction of $2,138,355.00. Following the completion of the sale, the director owned 10,038 shares of the company’s stock, valued at approximately $3,704,022. This represents a 36.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Tracy B. Brightman sold 16,959 shares of the company’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $363.47, for a total transaction of $6,164,087.73. Following the sale, the executive vice president directly owned 11,052 shares of the company’s stock, valued at approximately $4,017,070.44. This represents a 60.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 48,104 shares of company stock worth $17,599,006 in the last 90 days. 0.53% of the stock is currently owned by insiders.

About FedEx

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.