Wellington Management Group LLP Has $2.29 Million Holdings in FedEx Corporation $FDX

Wellington Management Group LLP lessened its position in shares of FedEx Corporation (NYSE:FDX) by 22.6% in the first quarter, according to its most recent filing with the SEC. The firm owned 9,403 shares of the shipping service provider’s stock after selling 2,739 shares during the quarter. Wellington Management Group LLP’s holdings in FedEx were worth $2,292,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in FDX. Brighton Jones LLC increased its position in FedEx by 12.8% during the 4th quarter. Brighton Jones LLC now owns 1,825 shares of the shipping service provider’s stock valued at $514,000 after purchasing an additional 207 shares during the period. Accredited Wealth Management LLC bought a new position in shares of FedEx during the 4th quarter worth approximately $35,000. Arrowroot Family Office LLC bought a new position in shares of FedEx during the 4th quarter worth approximately $292,000. Aptus Capital Advisors LLC boosted its holdings in shares of FedEx by 227.9% during the 4th quarter. Aptus Capital Advisors LLC now owns 9,149 shares of the shipping service provider’s stock worth $2,584,000 after buying an additional 6,359 shares in the last quarter. Finally, BLI Banque de Luxembourg Investments bought a new position in shares of FedEx during the 4th quarter worth approximately $11,191,000. Institutional investors and hedge funds own 84.47% of the company’s stock.

Insider Activity at FedEx

In other news, Director Marvin R. Ellison sold 3,610 shares of the firm’s stock in a transaction on Wednesday, July 9th. The stock was sold at an average price of $236.94, for a total transaction of $855,353.40. Following the completion of the sale, the director directly owned 7,720 shares of the company’s stock, valued at $1,829,176.80. This trade represents a 31.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director R Brad Martin sold 2,123 shares of the firm’s stock in a transaction on Monday, July 7th. The shares were sold at an average price of $241.75, for a total value of $513,235.25. Following the sale, the director directly owned 8,935 shares of the company’s stock, valued at approximately $2,160,036.25. This represents a 19.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 9,343 shares of company stock valued at $2,228,816. 0.53% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Raymond James Financial restated an “outperform” rating and set a $260.00 price target (down from $275.00) on shares of FedEx in a report on Wednesday, June 25th. TD Cowen cut their price target on FedEx from $310.00 to $269.00 and set a “buy” rating on the stock in a report on Wednesday, June 25th. Cowen restated a “buy” rating on shares of FedEx in a report on Wednesday, June 25th. Wells Fargo & Company increased their price target on FedEx from $220.00 to $235.00 and gave the stock an “equal weight” rating in a report on Wednesday, June 25th. Finally, Bank of America cut their target price on FedEx from $270.00 to $245.00 and set a “buy” rating on the stock in a report on Wednesday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $282.96.

FedEx Trading Down 0.1%

NYSE FDX opened at $230.96 on Friday. The firm has a market capitalization of $54.49 billion, a P/E ratio of 13.68, a PEG ratio of 1.20 and a beta of 1.30. The business has a fifty day simple moving average of $230.69 and a 200 day simple moving average of $229.88. FedEx Corporation has a 12 month low of $194.29 and a 12 month high of $308.53. The company has a current ratio of 1.19, a quick ratio of 1.15 and a debt-to-equity ratio of 0.68.

FedEx (NYSE:FDX) last released its quarterly earnings results on Tuesday, June 24th. The shipping service provider reported $6.07 EPS for the quarter, beating analysts’ consensus estimates of $5.98 by $0.09. The business had revenue of $22.20 billion during the quarter, compared to analyst estimates of $21.86 billion. FedEx had a return on equity of 16.34% and a net margin of 4.65%.During the same period in the prior year, the firm posted $5.41 EPS. FedEx has set its Q1 2026 guidance at 3.400-4.000 EPS. On average, analysts predict that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 8th will be given a $1.45 dividend. This represents a $5.80 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Monday, September 8th. FedEx’s dividend payout ratio is presently 34.36%.

FedEx Company Profile

FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. It operates through FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services segments. The FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; and time-critical transportation services.