26,990 Shares in FedEx Corporation $FDX Bought by German American Bancorp Inc.

Key Points

• German American Bancorp purchased 26,990 FedEx shares worth approximately $8.45 million in the second quarter. Institutional investors and hedge funds collectively own 84.47% of FDX.
• FedEx reported quarterly earnings of $5.88 per share on revenue of $23.26 billion, while analysts expect $17.60 in full-year EPS. The company pays an annualized dividend of $4.88 per share, yielding about 1.5%.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $350.54, although several firms recently lowered their targets; director Paul S. Walsh also sold 5,042 shares.

German American Bancorp Inc. purchased a new stake in FedEx Corporation (NYSE:FDX - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The firm purchased 26,990 shares of the shipping service provider's stock, valued at approximately $8,451,000.

Several other hedge funds also recently added to or reduced their stakes in FDX. Hollencrest Capital Management acquired a new position in shares of FedEx during the first quarter valued at about $25,000. Bayban purchased a new position in shares of FedEx during the first quarter worth $26,000. EFG International AG purchased a new position in shares of FedEx during the 4th quarter valued at about $27,000. Wealth Watch Advisors INC acquired a new position in FedEx in the third quarter valued at approximately $28,000. Finally, Tucker Asset Management LLC acquired a new position in shares of FedEx in the 4th quarter valued at $29,000. 84.47% of the stock is owned by institutional investors and hedge funds.

Insider Activity at FedEx

In related news, Director Paul S. Walsh sold 5,042 shares of the company's stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $324.56, for a total value of $1,636,431.52. Following the transaction, the director directly owned 16,359 shares in the company, valued at approximately $5,309,477.04. This represents a 23.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.53% of the company's stock.

FedEx Trading Down 0.0%

Shares of FDX opened at $334.56 on Monday. FedEx Corporation has a 12-month low of $177.05 and a 12-month high of $345.36. The firm has a market capitalization of $79.15 billion, a P/E ratio of 18.07, a P/E/G ratio of 1.72 and a beta of 1.30. The firm has a 50-day moving average price of $319.39 and a 200 day moving average price of $351.40. The company has a current ratio of 1.48, a quick ratio of 1.44 and a debt-to-equity ratio of 0.74.

FedEx (NYSE:FDX - Get Free Report) last issued its earnings results on Tuesday, July 21st. The shipping service provider reported $5.88 EPS for the quarter. The company had revenue of $23.26 billion for the quarter. FedEx had a net margin of 4.68% and a return on equity of 16.49%. Sell-side analysts forecast that FedEx Corporation will post 17.6 EPS for the current year.

FedEx Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Monday, June 22nd were issued a dividend of $1.22 per share. The ex-dividend date was Monday, June 22nd. This represents a $4.88 dividend on an annualized basis and a dividend yield of 1.5%. FedEx's dividend payout ratio (DPR) is currently 26.36%.

Analyst Ratings Changes

Several brokerages have commented on FDX. Raymond James Financial dropped their price objective on FedEx from $415.00 to $330.00 and set an "outperform" rating on the stock in a report on Wednesday, June 24th. BNP Paribas Exane dropped their price target on FedEx from $335.00 to $269.76 and set a "neutral" rating for the company in a research report on Tuesday, June 2nd. Seaport Research Partners began coverage on FedEx in a research note on Wednesday, May 27th. They issued a "buy" rating for the company. Stifel Nicolaus decreased their price objective on FedEx from $442.00 to $326.00 and set a "buy" rating on the stock in a report on Wednesday, June 24th. Finally, JPMorgan Chase & Co. restated a "buy" rating on shares of FedEx in a report on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $350.54.

More FedEx News

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: Automation strategy supports efficiency: FedEx is sharpening its focus on automation to improve productivity and reduce costs, which could support margins over time. FedEx Automation Strategy Sharpens Focus on Efficiency
• Positive Sentiment: Industry shipping constraints may improve pricing: Capacity limitations, delays and higher prices reported by major ocean carriers could benefit parcel and freight operators such as FedEx if customers shift transportation modes or accept higher shipping rates. Walmart, Tesla, FedEx, and More Winners and Losers From Shipping's Rough Seas
• Neutral Sentiment: Call-option activity signals bullish speculation: Investors purchased a high volume of FedEx call options, indicating increased expectations for a rebound, although options activity does not guarantee fundamental improvement. Investors Purchase High Volume of Call Options on FedEx
• Neutral Sentiment: FedEx Freight’s upbeat debut is separate from FDX: Newly independent FedEx Freight Holding Company NASDAQ: FDXF attracted favorable analyst coverage, with reported targets above its trading level and fiscal fourth-quarter revenue of $2.4 billion. The development may highlight value unlocked by FedEx’s freight separation, but FDXF now trades as a separate company.
• Negative Sentiment: Tariff refunds will not provide a lasting earnings boost: FedEx reportedly plans to return approximately $800 million in tariff refunds to customers after courts invalidated the tariffs. Passing the funds through limits the benefit to FedEx’s profits and could create administrative costs or temporary cash-flow pressure. Nike, FedEx Reap Billions From Tariff Refunds
• Negative Sentiment: Southern California closures and layoffs underscore cost pressure: FedEx is among employers announcing more than 500 job cuts in the region, including facility closures in Palm Springs and Victorville. While potentially supportive of restructuring savings, the actions point to softer demand and ongoing network rationalization. FedEx and Others Announce Layoffs in Southern California

FedEx 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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