9,047 Shares in FedEx Corporation $FDX Purchased by Glenview Trust Co

Glenview Trust Co purchased a new position in FedEx Corporation (NYSE:FDX - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 9,047 shares of the shipping service provider's stock, valued at approximately $2,833,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Sivia Capital Partners LLC purchased a new position in shares of FedEx during the 2nd quarter worth approximately $586,000. Canada Post Corp Registered Pension Plan grew its position in FedEx by 85.9% during the fourth quarter. Canada Post Corp Registered Pension Plan now owns 6,792 shares of the shipping service provider's stock valued at $1,962,000 after acquiring an additional 3,138 shares during the period. North Dakota State Investment Board purchased a new position in FedEx in the fourth quarter valued at approximately $2,122,000. OMERS ADMINISTRATION Corp increased its holdings in FedEx by 104.9% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 17,319 shares of the shipping service provider's stock valued at $6,169,000 after purchasing an additional 8,868 shares in the last quarter. Finally, First Nebraska Trust Co purchased a new position in FedEx in the 1st quarter worth approximately $10,675,000. 84.47% of the stock is currently owned by institutional investors.

FedEx Stock Down 0.1%

FDX stock opened at $331.10 on Friday. The firm has a market cap of $78.36 billion, a PE ratio of 17.89, a PEG ratio of 1.71 and a beta of 1.30. The company has a fifty day simple moving average of $319.32 and a 200 day simple moving average of $350.71. FedEx Corporation has a 1 year low of $177.05 and a 1 year high of $345.36. 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 quarterly earnings data on Tuesday, July 21st. The shipping service provider reported $5.88 earnings per share for the quarter. The business had revenue of $23.26 billion for the quarter. FedEx had a return on equity of 16.49% and a net margin of 4.68%. Sell-side analysts anticipate that FedEx Corporation will post 17.6 EPS for the current fiscal year.

FedEx Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Monday, September 14th will be issued a $1.22 dividend. The ex-dividend date of this dividend is Monday, September 14th. This represents a $4.88 dividend on an annualized basis and a yield of 1.5%. FedEx's dividend payout ratio (DPR) is 26.36%.

FedEx News Roundup

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: The U.S. Transportation Command awarded FedEx and United Parcel Service modified defense contracts valued at approximately $2.72 billion each. The agreements run through September 2030 and could provide FedEx with steady, multiyear government revenue. FedEx Corporation is Growing Faster, but Could United Parcel Have More Margin Upside?
• Positive Sentiment: FedEx committed about $400 million to air-cargo hubs in Delhi and Mumbai. The facilities will add more than 500,000 square feet of capacity and position the company to benefit from India’s expected logistics growth. FedEx Commits $400 Million to Indian Air Cargo Growth With Delhi, Mumbai Hubs
• Positive Sentiment: The board declared a quarterly dividend of $1.22 per share. Commentators also argue that FedEx’s growth profile and valuation could offer upside, with Wall Street’s average recommendation remaining bullish, though analyst optimism should be treated cautiously. Following FedEx Dividend and India Hub Plans, Are Shares Below Fair Value?
• Neutral Sentiment: FedEx’s freight separation is prompting investors to compare the standalone freight business with the remaining parcel and logistics company. The transaction may sharpen strategic focus, but the preferred investment depends on execution and the future performance of each stock. FedEx Just Spun Off Its Freight Division. Which Stock Should You Own?
• Neutral Sentiment: FedEx shareholders will vote on three governance proposals, creating a potential near-term corporate-governance catalyst, although the available report does not specify the proposals or their likely effect. FedEx Shareholders Will Vote On Three Governance Proposals
• Negative Sentiment: Investors continue to weigh tariff uncertainty, shifting trade routes and geopolitical disruption. FedEx’s CEO believes supply-chain “reglobalization” could create opportunities, but those conditions can also pressure volumes, costs and margins. The Supply-Chain Savant: How FedEx CEO Raj Subramaniam Leads Through Reglobalization

Insider Buying and Selling

In other FedEx news, Director Paul S. Walsh sold 5,042 shares of the firm's stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $324.56, for a total value of $1,636,431.52. Following the sale, the director directly owned 16,359 shares in the company, valued at $5,309,477.04. This trade represents a 23.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.65% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Weiss Ratings raised shares of FedEx from a "hold (c+)" rating to a "buy (b-)" rating in a report on Tuesday, August 18th. BNP Paribas Exane cut their target price on FedEx from $335.00 to $269.76 and set a "neutral" rating on the stock in a research note on Tuesday, June 2nd. Rothschild & Co Redburn lowered their target price on FedEx from $375.00 to $344.00 and set a "neutral" rating on the stock in a report on Tuesday, June 2nd. Stifel Nicolaus reduced their price objective on FedEx from $442.00 to $326.00 and set a "buy" rating for the company in a research note on Wednesday, June 24th. Finally, Raymond James Financial set a $330.00 price objective on shares of FedEx in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, eighteen 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, the company has an average rating of "Moderate Buy" and a consensus target price of $350.54.

FedEx Company 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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