National Pension Service Purchases 3,225 Shares of FedEx Corporation $FDX

National Pension Service boosted its position in shares of FedEx Corporation (NYSE:FDXFree Report) by 0.5% in the second quarter, Holdings Channel reports. The fund owned 645,486 shares of the shipping service provider’s stock after purchasing an additional 3,225 shares during the quarter. National Pension Service’s holdings in FedEx were worth $202,121,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC grew its position in FedEx by 12.8% during the fourth quarter. Brighton Jones LLC now owns 1,825 shares of the shipping service provider’s stock valued at $514,000 after buying an additional 207 shares during the period. Empowered Funds LLC raised its position in FedEx by 78.9% in the first quarter. Empowered Funds LLC now owns 10,311 shares of the shipping service provider’s stock worth $2,514,000 after acquiring an additional 4,548 shares during the period. Sivia Capital Partners LLC purchased a new position in shares of FedEx during the 2nd quarter worth $586,000. Quantbot Technologies LP bought a new stake in shares of FedEx during the 2nd quarter valued at $186,000. Finally, Jump Financial LLC bought a new stake in shares of FedEx during the 2nd quarter valued at $456,000. Institutional investors own 84.47% of the company’s stock.

FedEx Stock Up 0.7%

FDX opened at $311.35 on Friday. The stock has a market cap of $73.69 billion, a price-to-earnings ratio of 16.82, a price-to-earnings-growth ratio of 1.65 and a beta of 1.32. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.44 and a current ratio of 1.48. The firm’s fifty day moving average is $319.19 and its 200 day moving average is $347.01. FedEx Corporation has a fifty-two week low of $177.86 and a fifty-two week high of $345.36.

FedEx (NYSE:FDXGet Free Report) last issued its quarterly earnings results on Tuesday, July 21st. The shipping service provider reported $5.88 earnings per share (EPS) for the quarter. The business had revenue of $23.26 billion during the quarter. FedEx had a return on equity of 16.49% and a net margin of 4.68%. On average, sell-side analysts forecast that FedEx Corporation will post 17.55 earnings per share for the current fiscal year.

FedEx Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Monday, September 14th will be given a dividend of $1.22 per share. The ex-dividend date is Monday, September 14th. This represents a $4.88 annualized dividend and a dividend yield of 1.6%. FedEx’s dividend payout ratio (DPR) is currently 26.36%.

Insider Activity

In related news, Director Paul Walsh sold 5,042 shares of FedEx stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $324.56, for a total transaction of $1,636,431.52. Following the sale, the director owned 16,359 shares of the company’s stock, valued at approximately $5,309,477.04. This trade represents a 23.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.65% of the company’s stock.

More FedEx News

Here are the key news stories impacting FedEx this week:

  • Positive Sentiment: FedEx launched Global Trade Navigator, a suite of digital tools that helps businesses plan international shipments, estimate duties and taxes, manage customs requirements, use APIs, and display import costs through Shopify. The offering could reduce shipping friction, improve customer transparency, and strengthen FedEx’s value proposition for international commerce. FedEx Enhances Global Trade With New Digital Shipping Tools
  • Positive Sentiment: FedEx has outperformed other logistics and supply-chain stocks over the past year, while analysts remain moderately bullish on its outlook. Evercore ISI also raised its price target to $350 from $323, although it maintained an “In Line” rating. How Is FedEx’s Stock Performance Compared to Other Logistics Stocks
  • Neutral Sentiment: FedEx is scheduled to report quarterly earnings on Thursday. The report may provide an important catalyst as investors assess demand, margins, cost controls, and management’s outlook. FedEx to Post Quarterly Earnings on Thursday
  • Neutral Sentiment: FedEx’s Asia Pacific, Middle East, India and Africa technology chief is leaving to become DFDS’s chief digital and information officer. The leadership change appears limited in immediate financial impact, but it may draw attention to FedEx’s technology execution. DFDS Appoints New Chief Digital and Information Officer
  • Negative Sentiment: JPMorgan lowered its expectations for FedEx’s stock price, creating a counterweight to Evercore’s more optimistic target increase. The differing views highlight uncertainty ahead of earnings. JPMorgan Chase Lowers Expectations for FedEx Stock Price

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on FDX shares. Truist Financial decreased their target price on FedEx from $425.00 to $365.00 and set a “buy” rating on the stock in a report on Thursday, June 25th. BMO Capital Markets reissued a “market perform” rating on shares of FedEx in a report on Wednesday, June 24th. UBS Group decreased their price objective on FedEx from $445.00 to $350.00 and set a “buy” rating on the stock in a research note on Wednesday, June 24th. Stifel Nicolaus lowered their price objective on FedEx from $442.00 to $326.00 and set a “buy” rating on the stock in a research report on Wednesday, June 24th. Finally, HSBC cut their price objective on FedEx from $360.00 to $289.89 and set a “hold” rating for the company in a research note on Monday, June 1st. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $355.17.

Get Our Latest Analysis on FDX

FedEx Profile

(Free Report)

FedEx Corporation (NYSE: FDX) is a global transportation, e-commerce and business services company. Through its operating companies, FedEx provides package delivery, freight transportation, logistics, supply chain management and related services for businesses, governments and consumers.

The company’s offerings include time-definite express shipping, ground delivery, less-than-truckload freight transportation, customs and international trade support, warehousing, fulfillment and other logistics solutions.

See Also

Want to see what other hedge funds are holding FDX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FedEx Corporation (NYSE:FDXFree Report).

Institutional Ownership by Quarter for FedEx (NYSE:FDX)

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