Clear Trail Advisors LLC bought a new position in shares of FedEx Corporation (NYSE:FDX – Free Report) in the first quarter, Holdings Channel reports. The fund bought 5,572 shares of the shipping service provider’s stock, valued at approximately $1,985,000.
A number of other institutional investors also recently modified their holdings of FDX. EFG International AG bought a new position in FedEx during the fourth quarter worth about $27,000. Wealth Watch Advisors INC acquired a new position in shares of FedEx during the 3rd quarter worth approximately $28,000. Ameriflex Group Inc. grew its position in shares of FedEx by 103.3% during the 3rd quarter. Ameriflex Group Inc. now owns 124 shares of the shipping service provider’s stock worth $29,000 after purchasing an additional 63 shares in the last quarter. Ulland Investment Advisors LLC bought a new position in shares of FedEx during the fourth quarter worth approximately $29,000. Finally, Tucker Asset Management LLC bought a new position in shares of FedEx during the fourth quarter worth approximately $29,000. Institutional investors own 84.47% of the company’s stock.
Key Headlines Impacting FedEx
Here are the key news stories impacting FedEx this week:
- Positive Sentiment: Bernstein sees about 30% upside in FedEx (FDX) ahead of Tuesday’s earnings, citing improving fundamentals and the company’s ongoing operational turnaround. Bernstein Sees 30% Upside in FedEx Stock (FDX) Ahead of June 23 Earnings; Here’s Why
- Positive Sentiment: Market commentary describes FedEx (FDX) as “one of the better turnaround stories,” with a target as high as $345 and expectations that the stock could reach a fresh high if results beat estimates. FedEx Q4 Preview: Market Expert Sees Stock Rallying To $345; ‘One Of The Better Turnaround Stories’
- Positive Sentiment: Retail investors are accumulating shares of FedEx (FDX) ahead of earnings, suggesting sentiment is improving into the report. Retail Investors Looking for FedEx to Deliver in Q4 Earnings
- Neutral Sentiment: Investors are watching FedEx’s (FDX) upcoming earnings closely, along with broader macro data such as the Fed’s preferred inflation gauge, which could influence guidance and market reaction. 5 Things to Know Before the Stock Market Opens
- Neutral Sentiment: Analysts and market previews note that FedEx (FDX) has benefited from stronger e-commerce and business shipping demand, but the stock’s next move will likely depend on whether earnings and outlook confirm that momentum. Pitney Bowes or FedEx: Which Logistics Stock Is the Better Buy Now?
Analysts Set New Price Targets
Read Our Latest Analysis on FDX
Insiders Place Their Bets
In related news, EVP Tracy B. Brightman sold 16,959 shares of the company’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $363.47, for a total transaction of $6,164,087.73. Following the completion of the sale, the executive vice president directly owned 11,052 shares in the company, valued at $4,017,070.44. This represents a 60.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Gina F. Adams sold 20,450 shares of the firm’s stock in a transaction dated Tuesday, April 14th. The shares were sold at an average price of $366.45, for a total value of $7,493,902.50. Following the completion of the sale, 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 48,104 shares of company stock worth $17,599,006 over the last 90 days. Corporate insiders own 0.53% of the company’s stock.
FedEx Stock Performance
NYSE FDX opened at $328.49 on Tuesday. The firm’s 50 day simple moving average is $367.67 and its 200 day simple moving average is $345.54. The firm has a market capitalization of $78.38 billion, a price-to-earnings ratio of 17.48, a P/E/G ratio of 1.48 and a beta of 1.28. The company has a current ratio of 1.47, a quick ratio of 1.44 and a debt-to-equity ratio of 0.77. FedEx Corporation has a 1 year low of $172.88 and a 1 year high of $345.36.
FedEx Cuts Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Monday, June 22nd will be paid a $1.22 dividend. The ex-dividend date is Monday, June 22nd. This represents a $4.88 annualized dividend and a dividend yield of 1.5%. FedEx’s dividend payout ratio (DPR) is presently 30.87%.
FedEx Company Profile
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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