Abbot Financial Management Inc. Sells 209 Shares of FedEx Corporation (NYSE:FDX)

28 Jul 2025, 15:38 by Renee Jackson · The Cerbat Gem

Abbot Financial Management Inc. reduced its position in shares of FedEx Corporation (NYSE:FDX – Free Report) by 3.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,552 shares of the shipping service provider’s stock after selling 209 shares during the quarter. Abbot Financial Management Inc.’s holdings in FedEx were worth $1,353,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Transce3nd LLC purchased a new position in shares of FedEx during the 4th quarter worth $26,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of FedEx in the 4th quarter worth $28,000. Accredited Wealth Management LLC bought a new position in FedEx in the 4th quarter worth $35,000. Abound Financial LLC purchased a new position in FedEx during the first quarter valued at $38,000. Finally, Optiver Holding B.V. bought a new stake in FedEx during the fourth quarter valued at about $39,000. Hedge funds and other institutional investors own 84.47% of the company’s stock.

FedEx Price Performance

FDX stock opened at $243.28 on Monday. 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 Corporation has a 12 month low of $194.29 and a 12 month high of $308.53. The stock has a market cap of $57.39 billion, a PE ratio of 14.41, a P/E/G ratio of 1.27 and a beta of 1.35. The company has a 50-day moving average price of $227.02 and a 200 day moving average price of $236.54.

FedEx (NYSE:FDX – Get Free Report) last released its 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. FedEx had a return on equity of 16.34% and a net margin of 4.65%. The firm had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $21.86 billion. During the same quarter in the prior year, the firm posted $5.41 earnings per share. Equities research analysts anticipate that FedEx Corporation will post 19.14 earnings per share for the current year.

FedEx Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 8th. Shareholders of record on Monday, June 23rd were paid a $1.45 dividend. This is a positive change from FedEx’s previous quarterly dividend of $1.38. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $5.80 dividend on an annualized basis and a yield of 2.38%. FedEx’s dividend payout ratio (DPR) is presently 34.36%.

Analyst Ratings Changes

Several research firms have recently commented on FDX. TD Cowen decreased their price objective on FedEx from $310.00 to $269.00 and set a “buy” rating on the stock in a research note on Wednesday, June 25th. Citigroup increased their target price on shares of FedEx from $259.00 to $278.00 and gave the stock a “buy” rating in a report on Wednesday, July 9th. Stifel Nicolaus set a $315.00 target price on shares of FedEx in a research note on Wednesday, June 25th. Bank of America dropped their price target on shares of FedEx from $270.00 to $245.00 and set a “buy” rating for the company in a research report on Wednesday, June 25th. Finally, JPMorgan Chase & Co. increased their price objective on shares of FedEx from $260.00 to $290.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 25th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $283.25.

Check Out Our Latest Analysis on FDX

Insider Transactions at FedEx

In other news, Director R Brad Martin sold 2,123 shares of the firm’s 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 transaction, the director directly owned 8,935 shares of the company’s stock, valued at approximately $2,160,036.25. This trade represents a 19.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Marvin R. Ellison sold 3,610 shares of FedEx 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 sale, the director directly owned 7,720 shares of the company’s stock, valued at $1,829,176.80. This represents a 31.86% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,343 shares of company stock worth $2,228,816. 8.87% of the stock is currently owned by insiders.

About FedEx

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