London Co. of Virginia Sells 9,867 Shares of FedEx Corporation $FDX

London Co. of Virginia lowered its position in shares of FedEx Corporation (NYSE:FDX) by 4.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 203,352 shares of the shipping service provider’s stock after selling 9,867 shares during the quarter. London Co. of Virginia’s holdings in FedEx were worth $58,740,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in FDX. Wealth Watch Advisors INC bought a new stake in shares of FedEx during the third quarter worth $28,000. Ameriflex Group Inc. increased its holdings in FedEx by 103.3% in the third quarter. Ameriflex Group Inc. now owns 124 shares of the shipping service provider’s stock valued at $29,000 after purchasing an additional 63 shares during the last quarter. Ulland Investment Advisors LLC bought a new stake in FedEx in the fourth quarter valued at about $29,000. Tucker Asset Management LLC bought a new stake in FedEx in the fourth quarter valued at about $29,000. Finally, Wilkerson Advisory Group LLC bought a new stake in FedEx in the fourth quarter valued at about $29,000. Institutional investors own 84.47% of the company’s stock.

FedEx Stock Down 1.0%

NYSE:FDX opened at $335.42 on Wednesday. FedEx Corporation has a 1 year low of $172.88 and a 1 year high of $345.36. The company has a current ratio of 1.47, a quick ratio of 1.44 and a debt-to-equity ratio of 0.77. The stock has a market cap of $80.03 billion, a price-to-earnings ratio of 17.85, a PEG ratio of 1.54 and a beta of 1.28. The stock has a 50-day moving average price of $370.85 and a two-hundred day moving average price of $344.04.

FedEx (NYSE:FDX) last posted its earnings results on Thursday, March 19th. The shipping service provider reported $5.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.12 by $1.13. FedEx had a return on equity of 16.76% and a net margin of 4.88%.The firm had revenue of $24 billion during the quarter, compared to analysts’ expectations of $23.44 billion. During the same period in the previous year, the firm earned $4.51 earnings per share. The company’s revenue was up 8.3% on a year-over-year basis. As a group, equities analysts expect that FedEx Corporation will post 19.78 earnings per share for the current year.

FedEx Cuts Dividend

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

Analyst Ratings Changes

A number of research firms recently commented on FDX. Weiss Ratings downgraded FedEx from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, June 3rd. Raymond James Financial began coverage on FedEx in a report on Wednesday, June 3rd. They issued an “outperform” rating and a $180.00 price objective for the company. Deutsche Bank Aktiengesellschaft downgraded FedEx from a “buy” rating to a “hold” rating in a report on Wednesday, May 27th. Citigroup began coverage on FedEx in a report on Thursday, May 21st. They issued a “buy” rating and a $443.00 price objective for the company. Finally, BNP Paribas Exane dropped their price objective on FedEx from $335.00 to $269.76 and set a “neutral” rating for the company in a report on Tuesday, June 2nd. Eighteen investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, FedEx currently has an average rating of “Moderate Buy” and an average price target of $371.45.

FedEx News Summary

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: FedEx shares have climbed to an all-time peak ahead of earnings, reflecting optimism that the company may deliver another strong report. FedEx Stock Hits All-Time Peak Before Earnings
• Positive Sentiment: Analysts expect FedEx to beat Q4 earnings estimates, citing cost cuts and AI-driven efficiency gains that could support margins and profits. FedEx (FDX) Expected to Beat Earnings Estimates: What to Know Ahead of Q4 Release
• Positive Sentiment: Recent commentary says FedEx continues to outperform the broader market, helped by tariff refunds and a view that Amazon’s logistics expansion is not a major threat to the core business. FedEx Corporation: Tariffs, Amazon Changes, And Earnings On The Horizon
• Neutral Sentiment: Market pieces frame the stock as a hold into earnings, with investors balancing efficiency gains against uncertainty from tariffs and broader demand trends. FedEx to Report Q4 Earnings: Should You Buy, Sell or Hold the Stock?
• Neutral Sentiment: FedEx also faces ongoing questions about its freight business after the spin-off, with some analysts still wary of a prolonged freight downturn. FedEx Freight: 37 Times Forward Earnings For A Fourth-Year Freight Recession
• Negative Sentiment: Tariff uncertainty remains a headwind, since any refunds or related benefits may be passed through to customers and do not fully eliminate legal and operational complexity. FedEx Corporation: Tariffs, Amazon Changes, And Earnings On The Horizon

Insiders Place Their Bets

In related news, EVP Tracy B. Brightman sold 16,959 shares of the firm’s stock in a transaction on 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 in the company, valued at $4,017,070.44. This trade represents a 60.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Gina F. Adams sold 20,450 shares of the firm’s 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 sale, 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 disclosure for this sale is available in the SEC filing. Insiders sold a total of 48,104 shares of company stock valued at $17,599,006 in the last three months. Insiders own 0.53% of the company’s stock.

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.