Dynamic Technology Lab Private Ltd Buys Shares of 3,659 FedEx Corporation $FDX

Key Points

• Dynamic Technology Lab Private Ltd acquired 3,659 shares of FedEx Corporation valued at approximately $892,000 during the 1st quarter, marking continued interest from hedge funds in the company.
• FedEx announced a quarterly dividend of $1.45, reflecting an annualized dividend yield of 2.6% and a payout ratio of 34.36%.
• Several investment analysts have recently issued various ratings on FedEx, with a consensus rating of "Moderate Buy" and an average price target of $282.75.

Dynamic Technology Lab Private Ltd bought a new position in shares of FedEx Corporation (NYSE:FDX - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 3,659 shares of the shipping service provider's stock, valued at approximately $892,000.

Other hedge funds have also recently bought and sold shares of the company. Abound Financial LLC acquired a new position in FedEx during the 1st quarter worth about $38,000. Ameriflex Group Inc. acquired a new stake in FedEx in the 4th quarter valued at about $43,000. WPG Advisers LLC acquired a new stake in FedEx in the 1st quarter valued at about $43,000. Cary Street Partners Investment Advisory LLC raised its position 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 in the last quarter. Finally, SOA Wealth Advisors LLC. raised its position in FedEx by 60.6% in the 1st quarter. SOA Wealth Advisors LLC. now owns 249 shares of the shipping service provider's stock valued at $61,000 after purchasing an additional 94 shares in the last quarter. Institutional investors and hedge funds own 84.47% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on FDX shares. BNP Paribas Exane raised FedEx from an "underperform" rating to an "outperform" rating and set a $270.00 price target on the stock in a research report on Thursday, July 3rd. Cowen reaffirmed a "buy" rating on shares of FedEx in a research report on Wednesday, June 25th. Susquehanna increased their price target on FedEx from $290.00 to $295.00 and gave the company a "positive" rating in a research report on Wednesday, June 25th. Stephens reaffirmed an "overweight" rating and issued a $300.00 price target on shares of FedEx in a research report on Tuesday, May 20th. Finally, TD Cowen reduced their price target on FedEx from $310.00 to $269.00 and set a "buy" rating on the stock in a research report on Wednesday, June 25th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, FedEx presently has a consensus rating of "Moderate Buy" and an average target price of $282.54.

FedEx Stock Up 0.4%

Shares of FDX traded up $0.86 during mid-day trading on Friday, reaching $229.67. The company's stock had a trading volume of 1,688,783 shares, compared to its average volume of 1,498,630. FedEx Corporation has a 12-month low of $194.29 and a 12-month high of $308.53. The stock has a market cap of $54.19 billion, a PE ratio of 13.61, a price-to-earnings-growth ratio of 1.29 and a beta of 1.20. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.19 and a quick ratio of 1.15. The company's 50 day moving average is $229.77 and its 200 day moving average is $227.21.

FedEx (NYSE:FDX - Get Free Report) last released its quarterly earnings data on Tuesday, June 24th. The shipping service provider reported $6.07 EPS for the quarter, beating analysts' consensus estimates of $5.98 by $0.09. FedEx had a return on equity of 16.34% and a net margin of 4.65%.The business had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $21.86 billion. During the same quarter in the prior year, the business posted $5.41 EPS. FedEx has set its Q1 2026 guidance at 3.400-4.000 EPS. Equities analysts anticipate that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 8th will be paid a dividend of $1.45 per share. This represents a $5.80 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Monday, September 8th. FedEx's dividend payout ratio (DPR) is currently 34.36%.

Insider Buying and Selling

In related news, 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 owned 8,935 shares in the company, valued at $2,160,036.25. This trade represents a 19.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Paul S. Walsh sold 3,610 shares of the firm's stock in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of $238.29, for a total value of $860,226.90. Following the transaction, the director owned 15,513 shares in the company, valued at $3,696,592.77. This represents a 18.88% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,343 shares of company stock worth $2,228,816 in the last quarter. 0.53% of the stock is owned by insiders.

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.