APG Asset Management N.V. Acquires New Position in FedEx Corporation $FDX

Key Points

• APG Asset Management N.V. has acquired 25,833 shares of FedEx Corporation for approximately $5.83 million, highlighting strong institutional interest in the company.
• Recent insider transactions included significant sales by directors Marvin R. Ellison and Paul S. Walsh, indicating a 31.86% and 18.88% decrease in their respective positions.
• FedEx reported a revenue of $22.20 billion and an EPS of $6.07 for its last quarter, exceeding analysts' expectations.

APG Asset Management N.V. bought a new position in shares of FedEx Corporation (NYSE:FDX - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 25,833 shares of the shipping service provider's stock, valued at approximately $5,830,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Accredited Wealth Management LLC acquired a new position in shares of FedEx during the 4th quarter worth about $35,000. Abound Financial LLC acquired a new position in shares of FedEx during the 1st quarter worth about $38,000. Optiver Holding B.V. acquired a new position in shares of FedEx during the 4th quarter worth about $39,000. Ameriflex Group Inc. acquired a new stake in FedEx in the 4th quarter valued at about $43,000. Finally, Cary Street Partners Investment Advisory LLC lifted its stake in FedEx by 60.7% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 188 shares of the shipping service provider's stock valued at $46,000 after purchasing an additional 71 shares during the last quarter. Institutional investors own 84.47% of the company's stock.

Insider Transactions at FedEx

In other news, Director Marvin R. Ellison sold 3,610 shares of the firm's 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 transaction, the director directly owned 7,720 shares of the company's stock, valued at approximately $1,829,176.80. This trade represents a 31.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director R Brad Martin sold 2,123 shares of the firm's stock in a transaction that occurred on Monday, July 7th. The stock was 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 in the company, valued at $2,160,036.25. This represents a 19.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,343 shares of company stock valued at $2,228,816. 0.53% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on FDX shares. UBS Group cut their target price on shares of FedEx from $297.00 to $293.00 and set a "buy" rating for the company in a research note on Thursday. Sanford C. Bernstein cut their target price on shares of FedEx from $282.00 to $249.00 and set a "market perform" rating for the company in a research note on Friday, June 13th. Barclays reiterated an "overweight" rating and issued a $320.00 target price (down from $330.00) on shares of FedEx in a research note on Wednesday, June 25th. BNP Paribas Exane upgraded shares of FedEx from an "underperform" rating to an "outperform" rating and set a $270.00 target price for the company in a research note on Thursday, July 3rd. Finally, Cowen reiterated a "buy" rating on shares of FedEx in a research note on Wednesday, June 25th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, FedEx has a consensus rating of "Moderate Buy" and a consensus target price of $282.96.

FedEx Stock Performance

FDX stock traded down $0.31 during mid-day trading on Monday, hitting $230.96. 1,485,470 shares of the company were exchanged, compared to its average volume of 1,666,445. The business has a 50 day simple moving average of $230.69 and a 200-day simple moving average of $229.65. The company has a current ratio of 1.19, a quick ratio of 1.15 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $54.49 billion, a PE ratio of 13.68, a price-to-earnings-growth ratio of 1.20 and a beta of 1.20. FedEx Corporation has a 1-year low of $194.29 and a 1-year high of $308.53.

FedEx (NYSE:FDX - Get Free Report) last issued its quarterly earnings data on Tuesday, June 24th. The shipping service provider reported $6.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.98 by $0.09. The firm had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $21.86 billion. FedEx had a net margin of 4.65% and a return on equity of 16.34%. During the same period last year, the business posted $5.41 earnings per share. FedEx has set its Q1 2026 guidance at 3.400-4.000 EPS. On average, equities analysts forecast that FedEx Corporation will post 19.14 earnings per share for the current year.

FedEx Dividend Announcement

The firm 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 dividend of $1.45 per share. The ex-dividend date of this dividend is Monday, September 8th. This represents a $5.80 annualized dividend and a dividend yield of 2.5%. FedEx's dividend payout ratio (DPR) is currently 34.36%.

About FedEx

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.