Rakuten Investment Management Inc. raised its holdings in shares of FedEx Corporation (NYSE:FDX – Free Report) by 325.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,857 shares of the shipping service provider’s stock after purchasing an additional 22,077 shares during the quarter. Rakuten Investment Management Inc.’s holdings in FedEx were worth $8,452,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Franklin Resources Inc. lifted its holdings in shares of FedEx by 5.9% in the third quarter. Franklin Resources Inc. now owns 4,814,938 shares of the shipping service provider’s stock worth $1,135,411,000 after buying an additional 269,567 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of FedEx in the second quarter worth about $586,000. CWM LLC lifted its holdings in shares of FedEx by 32.2% in the fourth quarter. CWM LLC now owns 108,031 shares of the shipping service provider’s stock worth $31,206,000 after buying an additional 26,322 shares in the last quarter. Canada Post Corp Registered Pension Plan lifted its holdings in shares of FedEx by 85.9% in the fourth quarter. Canada Post Corp Registered Pension Plan now owns 6,792 shares of the shipping service provider’s stock worth $1,962,000 after buying an additional 3,138 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of FedEx by 19.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 41,822 shares of the shipping service provider’s stock worth $12,081,000 after buying an additional 6,864 shares in the last quarter. 84.47% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several research firms recently weighed in on FDX. Zacks Research cut shares of FedEx from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 18th. Rothschild & Co Redburn decreased their price objective on shares of FedEx from $375.00 to $344.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 2nd. BNP Paribas Exane decreased their price objective on shares of FedEx from $335.00 to $269.76 and set a “neutral” rating on the stock in a research report on Tuesday, June 2nd. Citigroup began coverage on shares of FedEx in a research report on Thursday, May 21st. They issued a “buy” rating and a $443.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft cut shares of FedEx from a “buy” rating to a “hold” rating in a research report on Wednesday, May 27th. Eighteen analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $371.45.
Insider Buying and Selling at FedEx
In other FedEx news, EVP Gina F. Adams sold 20,450 shares of the stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $366.45, for a total transaction of $7,493,902.50. Following the transaction, the executive vice president directly owned 19,403 shares in the company, valued at $7,110,229.35. This trade represents a 51.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Tracy B. Brightman sold 16,959 shares of the stock in a transaction that occurred 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 transaction, the executive vice president owned 11,052 shares in the company, valued at $4,017,070.44. The trade was a 60.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 48,104 shares of company stock valued at $17,599,006 over the last ninety days. Insiders own 0.53% of the company’s stock.
FedEx Stock Down 1.0%
Shares of NYSE FDX opened at $335.42 on Wednesday. FedEx Corporation has a one year low of $172.88 and a one year high of $345.36. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.47 and a quick ratio of 1.44. The firm’s 50 day simple moving average is $370.85 and its two-hundred day simple moving average is $344.04. The stock has a market capitalization of $80.03 billion, a P/E ratio of 17.85, a PEG ratio of 1.54 and a beta of 1.28.
FedEx (NYSE:FDX – Get Free Report) last issued its quarterly earnings results on Thursday, March 19th. The shipping service provider reported $5.25 EPS for the quarter, beating analysts’ consensus estimates of $4.12 by $1.13. FedEx had a net margin of 4.88% and a return on equity of 16.76%. The business had revenue of $24 billion for the quarter, compared to analysts’ expectations of $23.44 billion. During the same period last year, the business earned $4.51 earnings per share. The business’s quarterly revenue was up 8.3% on a year-over-year basis. As a group, analysts expect that FedEx Corporation will post 19.78 EPS for the current fiscal year.
FedEx Cuts Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Monday, June 22nd will be given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Monday, June 22nd. FedEx’s dividend payout ratio (DPR) is presently 30.87%.
More FedEx News
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
About FedEx
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.
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