FedEx Corporation $FDX Stock Sold by Machina Capital S.A.S.

Machina Capital S.A.S. lowered its position in FedEx Corporation (NYSE:FDX) by 25.6% in the third quarter, Holdings Channel reports. The fund owned 10,974 shares of the shipping service provider’s stock after selling 3,782 shares during the period. Machina Capital S.A.S.’s holdings in FedEx were worth $3,129,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Annis Gardner Whiting Capital Advisors LLC increased its position in shares of FedEx by 11.9% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 283 shares of the shipping service provider’s stock valued at $101,000 after purchasing an additional 30 shares during the last quarter. Avior Wealth Management LLC raised its holdings in shares of FedEx by 2.6% in the 2nd quarter. Avior Wealth Management LLC now owns 1,361 shares of the shipping service provider’s stock valued at $426,000 after purchasing an additional 34 shares in the last quarter. CLG LLC lifted its position in shares of FedEx by 3.8% during the 1st quarter. CLG LLC now owns 952 shares of the shipping service provider’s stock worth $339,000 after purchasing an additional 35 shares during the last quarter. GRIMES & Co WEALTH MANAGEMENT LLC lifted its position in shares of FedEx by 2.9% during the 3rd quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 1,231 shares of the shipping service provider’s stock worth $351,000 after purchasing an additional 35 shares during the last quarter. Finally, AlphaStar Capital Management LLC lifted its position in shares of FedEx by 5.5% during the 3rd quarter. AlphaStar Capital Management LLC now owns 725 shares of the shipping service provider’s stock worth $207,000 after purchasing an additional 38 shares during the last quarter. Institutional investors and hedge funds own 84.47% of the company’s stock.

FedEx Price Performance

Shares of NYSE:FDX opened at $322.61 on Thursday. The company’s fifty 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. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.33 and a quick ratio of 1.29. The firm has a market capitalization of $75.56 billion, a P/E ratio of 19.84, a P/E/G ratio of 1.29 and a beta of 1.27.

FedEx (NYSE:FDX) last announced its quarterly earnings results on Wednesday, October 28th. The shipping service provider reported $3.74 earnings per share for the quarter, beating analysts’ consensus estimates of $3.34 by $0.40. FedEx had a net margin of 4.09% and a return on equity of 15.53%. The firm had revenue of $22.93 billion during the quarter, compared to analysts’ expectations of $22.73 billion. During the same period in the previous year, the company earned $3.83 earnings per share. FedEx’s quarterly revenue was up 12.3% compared to the same quarter last year. As a group, sell-side analysts predict that FedEx Corporation will post 18.29 earnings per share for the current fiscal year.

FedEx Dividend Announcement

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

Insider Transactions at FedEx

In other news, EVP Tracy Brightman sold 26,611 shares of the business’s stock in a transaction dated Friday, October 30th. The stock was sold at an average price of $316.68, for a total value of $8,427,171.48. Following the completion of the sale, the executive vice president directly owned 12,245 shares of the company’s stock, valued at approximately $3,877,746.60. The trade was a 68.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Gina Adams sold 3,014 shares of the business’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $317.06, for a total value of $955,618.84. Following the completion of the sale, the executive vice president directly owned 9,656 shares of the company’s stock, valued at $3,061,531.36. The trade was a 23.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 46,387 shares of company stock worth $14,681,426. Corporate insiders own 0.65% of the company’s stock.

FedEx News Roundup

These are some of the FDX news items that stood out recently:

• Neutral Sentiment: FedEx’s growth prospects may appeal to investors, while UPS is highlighted for its higher dividend and lower valuation. The comparison underscores differing investment priorities rather than a clear near-term catalyst for FDX. UPS vs. FedEx
• 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

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Truist Financial lowered their target price on shares of FedEx from $365.00 to $350.00 and set a “buy” rating for the company in a research note on Wednesday, October 7th. Evercore raised their price target on FedEx from $350.00 to $351.00 in a research note on Monday, September 28th. Weiss Ratings cut FedEx from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, October 29th. Sanford C. Bernstein set a $377.00 price target on FedEx in a report on Monday, October 26th. Finally, Citigroup lifted their price target on FedEx from $373.00 to $374.00 and gave the stock a “buy” rating in a report on Monday, November 2nd. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $359.16.

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.