Kingstone Capital Partners Texas LLC Invests $22.95 Million in FedEx Corporation $FDX

Key Points

• Kingstone Capital Partners Texas LLC acquired a new stake in FedEx Corporation, purchasing 100,957 shares valued at approximately $22.9 million during the 2nd quarter of the year.
• Institutional investors own about 84.47% of FedEx’s stock, with notable acquisitions by firms like Nuveen LLC and Canada Pension Plan Investment Board, indicating strong interest in the company.
• FedEx reported a quarterly EPS of $3.83, exceeding analyst expectations, and has set its FY 2026 earnings guidance between 17.200 and 19.000 EPS.

Kingstone Capital Partners Texas LLC purchased a new position in shares of FedEx Corporation (NYSE:FDX - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 100,957 shares of the shipping service provider's stock, valued at approximately $22,949,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FDX. Abound Financial LLC bought a new stake in FedEx in the 1st quarter valued at $38,000. Ameriflex Group Inc. acquired a new stake in shares of FedEx during the fourth quarter worth $43,000. WPG Advisers LLC bought a new position in FedEx in the first quarter valued at about $43,000. Cary Street Partners Investment Advisory LLC grew its holdings in shares of FedEx by 60.7% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 188 shares of the shipping service provider's stock worth $46,000 after purchasing an additional 71 shares during the last quarter. Finally, SOA Wealth Advisors LLC. raised its stake in FedEx by 60.6% during the first quarter. SOA Wealth Advisors LLC. now owns 249 shares of the shipping service provider's stock worth $61,000 after buying an additional 94 shares during the last quarter. 84.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

FDX has been the subject of several research reports. Citigroup increased their price target on FedEx from $275.00 to $279.00 and gave the stock a "buy" rating in a research note on Friday. BNP Paribas Exane raised FedEx from an "underperform" rating to an "outperform" rating and set a $270.00 price objective for the company in a research note on Thursday, July 3rd. Dbs Bank raised FedEx from a "hold" rating to a "moderate buy" rating in a research report on Thursday, August 21st. Susquehanna lifted their price target on FedEx from $285.00 to $300.00 and gave the company a "positive" rating in a research note on Friday. Finally, Jefferies Financial Group increased their price objective on FedEx from $275.00 to $280.00 and gave the company a "buy" rating in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, FedEx presently has an average rating of "Moderate Buy" and a consensus target price of $271.67.

FedEx Trading Up 1.2%

NYSE:FDX traded up $2.84 during midday trading on Tuesday, reaching $232.96. 1,273,845 shares of the stock traded hands, compared to its average volume of 2,026,541. FedEx Corporation has a 12 month low of $194.29 and a 12 month high of $308.53. The company has a fifty day moving average of $228.77 and a 200 day moving average of $226.13. The stock has a market capitalization of $54.97 billion, a P/E ratio of 13.60, a PEG ratio of 1.34 and a beta of 1.20. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.21 and a current ratio of 1.25.

FedEx (NYSE:FDX - Get Free Report) last announced its quarterly earnings data on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.71 by $0.12. FedEx had a net margin of 4.65% and a return on equity of 16.33%. The business had revenue of $22.20 billion during the quarter, compared to analyst estimates of $21.74 billion. During the same period last year, the firm posted $3.60 EPS. The company's revenue was up 3.1% on a year-over-year basis. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. On average, research analysts predict that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 8th will be issued a $1.45 dividend. The ex-dividend date of this dividend is Monday, September 8th. This represents a $5.80 dividend on an annualized basis and a dividend yield of 2.5%. FedEx's payout ratio is presently 33.86%.

Insiders Place Their Bets

In other news, Director R Brad Martin sold 2,123 shares of the company's stock in a transaction on Monday, July 7th. The stock was sold at an average price of $241.75, for a total value of $513,235.25. Following the sale, the director directly owned 8,935 shares in the company, valued at $2,160,036.25. This represents a 19.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul S. Walsh sold 3,610 shares of the stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $238.29, for a total value of $860,226.90. Following the completion of the transaction, the director directly owned 15,513 shares of the company's stock, valued at $3,696,592.77. This represents a 18.88% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,343 shares of company stock worth $2,228,816. 0.53% of the stock is owned by corporate insiders.

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.