FedEx (NYSE:FDX) Sees Unusually-High Trading Volume on Earnings Beat

Shares of FedEx Corporation (NYSE:FDX) saw unusually-strong trading volume on Friday following a stronger than expected earnings report. Approximately 3,126,218 shares traded hands during trading, an increase of 57% from the previous session’s volume of 1,989,321 shares.The stock last traded at $232.10 and had previously closed at $226.50.

The shipping service provider reported $3.83 EPS for the quarter, beating the consensus estimate of $3.71 by $0.12. FedEx had a net margin of 4.65% and a return on equity of 16.43%. The firm had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $21.74 billion. During the same period in the previous year, the company earned $3.60 earnings per share. The company’s quarterly revenue was up 3.1% on a year-over-year basis. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS.

FedEx Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders 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 dividend yield of 2.5%. The ex-dividend date of this dividend is Monday, September 8th. FedEx’s payout ratio is presently 34.36%.

Wall Street Analysts Forecast Growth

FDX has been the subject of a number of recent research reports. Truist Financial reissued a “buy” rating and issued a $275.00 target price on shares of FedEx in a research report on Wednesday, June 25th. Jefferies Financial Group boosted their target price on shares of FedEx from $275.00 to $280.00 and gave the company a “buy” rating in a research report on Friday. UBS Group boosted their target price on shares of FedEx from $293.00 to $314.00 and gave the company a “buy” rating in a research report on Friday. BNP Paribas Exane raised shares of FedEx from an “underperform” rating to an “outperform” rating and set a $270.00 target price for the company in a research report on Thursday, July 3rd. Finally, Evercore ISI reiterated an “in-line” rating and set a $243.00 price objective (down from $249.00) on shares of FedEx in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $275.85.

Insider Activity at FedEx

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in FedEx by 1.0% during the second quarter. Vanguard Group Inc. now owns 20,700,326 shares of the shipping service provider’s stock worth $4,705,391,000 after purchasing an additional 211,165 shares during the last quarter. Dodge & Cox raised its stake in shares of FedEx by 4.7% during the 2nd quarter. Dodge & Cox now owns 14,482,494 shares of the shipping service provider’s stock worth $3,292,016,000 after purchasing an additional 649,426 shares during the period. Geode Capital Management LLC raised its stake in shares of FedEx by 0.6% during the 2nd quarter. Geode Capital Management LLC now owns 4,947,670 shares of the shipping service provider’s stock worth $1,124,524,000 after purchasing an additional 28,450 shares during the period. Franklin Resources Inc. raised its stake in shares of FedEx by 2.1% during the 2nd quarter. Franklin Resources Inc. now owns 4,545,371 shares of the shipping service provider’s stock worth $1,033,208,000 after purchasing an additional 94,136 shares during the period. Finally, Valeo Financial Advisors LLC raised its stake in shares of FedEx by 28,080.9% during the 2nd quarter. Valeo Financial Advisors LLC now owns 3,743,557 shares of the shipping service provider’s stock worth $850,948,000 after purchasing an additional 3,730,273 shares during the period. 84.47% of the stock is owned by institutional investors.

FedEx Stock Up 2.5%

The company has a market capitalization of $54.76 billion, a P/E ratio of 13.55, a PEG ratio of 1.28 and a beta of 1.20. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.15 and a current ratio of 1.19. The stock has a 50 day moving average price of $228.84 and a 200 day moving average price of $226.62.

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.