Abbot Financial Management Inc. Takes Position in FedEx Corporation $FDX

Key Points

• Abbot Financial Management acquired 4,508 FedEx shares worth approximately $1.41 million in the second quarter. Institutional investors collectively own 84.47% of FedEx.
• FedEx reported quarterly revenue of $23.26 billion and earnings of $5.88 per share, while analysts maintain a consensus “Moderate Buy” rating with a $350.54 price target.
• Potential catalysts include automation-driven cost savings and tighter shipping capacity, but tariff refunds, facility closures and layoffs highlight ongoing cost and demand pressures.

Abbot Financial Management Inc. purchased a new position in shares of FedEx Corporation (NYSE:FDX - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,508 shares of the shipping service provider's stock, valued at approximately $1,411,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hollencrest Capital Management bought a new stake in shares of FedEx in the 1st quarter valued at approximately $25,000. Bayban bought a new position in shares of FedEx during the 1st quarter worth approximately $26,000. EFG International AG acquired a new stake in FedEx in the 4th quarter valued at $27,000. Wealth Watch Advisors INC bought a new stake in FedEx in the third quarter valued at $28,000. Finally, Tucker Asset Management LLC acquired a new position in FedEx during the fourth quarter worth $29,000. Institutional investors own 84.47% of the company's stock.

Key Headlines Impacting FedEx

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 Stock Down 0.0%

Shares of NYSE FDX opened at $334.56 on Monday. The company has a current ratio of 1.48, a quick ratio of 1.44 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $79.15 billion, a PE ratio of 18.07, a price-to-earnings-growth ratio of 1.72 and a beta of 1.30. The firm's 50-day moving average is $319.39 and its 200-day moving average is $351.40. FedEx Corporation has a 1 year low of $177.05 and a 1 year high of $345.36.

FedEx (NYSE:FDX - Get Free Report) last announced its quarterly earnings data on Tuesday, July 21st. The shipping service provider reported $5.88 earnings per share (EPS) for the quarter. FedEx had a net margin of 4.68% and a return on equity of 16.49%. The firm had revenue of $23.26 billion for the quarter. Equities analysts expect that FedEx Corporation will post 17.6 EPS for the current year.

FedEx Cuts Dividend

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

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on FDX. Raymond James Financial cut their price target on shares of FedEx from $415.00 to $330.00 and set an "outperform" rating for the company in a report on Wednesday, June 24th. Citigroup began coverage on shares of FedEx in a research note on Wednesday, July 15th. They set an "outperform" rating on the stock. Seaport Research Partners initiated coverage on shares of FedEx in a report on Wednesday, May 27th. They set a "buy" rating for the company. Weiss Ratings cut shares of FedEx from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, July 29th. Finally, Barclays reduced their target price on FedEx from $450.00 to $425.00 and set an "overweight" rating on the stock in a report on Wednesday, June 17th. 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 company. According to MarketBeat.com, FedEx currently has a consensus rating of "Moderate Buy" and a consensus target price of $350.54.

Insiders Place Their Bets

In other FedEx news, Director Paul S. Walsh sold 5,042 shares of the stock in a transaction dated 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 owned 16,359 shares of the company's stock, 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 filing with the SEC, which can be accessed through the SEC website. Insiders own 0.53% of the company's stock.

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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