FedEx Corporation $FDX Shares Purchased by Aberdeen Group plc

Key Points

• Aberdeen Group plc increased its stake in FedEx by 57% during Q1, now holding 191,577 shares, valued at approximately $46.52 million.
• Analysts have raised price targets for FedEx, with a consensus target price of $283.25, and a mixture of ratings including 18 buy, 10 hold, and 2 sell.
• FedEx recently announced a quarterly dividend of $1.45 per share, which yields 2.6%, with a record date of September 8th.

Aberdeen Group plc lifted its holdings in shares of FedEx Corporation (NYSE:FDX - Free Report) by 57.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 191,577 shares of the shipping service provider's stock after purchasing an additional 69,581 shares during the quarter. Aberdeen Group plc owned about 0.08% of FedEx worth $46,516,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Horizon Investments LLC raised its position in shares of FedEx by 1.4% in the 1st quarter. Horizon Investments LLC now owns 6,190 shares of the shipping service provider's stock worth $1,509,000 after buying an additional 84 shares during the period. Kovitz Investment Group Partners LLC raised its position in shares of FedEx by 105.5% in the 1st quarter. Kovitz Investment Group Partners LLC now owns 68,676 shares of the shipping service provider's stock worth $16,742,000 after buying an additional 35,251 shares during the period. Cookson Peirce & Co. Inc. raised its position in shares of FedEx by 13.8% in the 1st quarter. Cookson Peirce & Co. Inc. now owns 2,274 shares of the shipping service provider's stock worth $554,000 after buying an additional 275 shares during the period. Sit Investment Associates Inc. raised its position in shares of FedEx by 12.2% in the 1st quarter. Sit Investment Associates Inc. now owns 50,036 shares of the shipping service provider's stock worth $12,198,000 after buying an additional 5,425 shares during the period. Finally, William B. Walkup & Associates Inc. raised its position in shares of FedEx by 1.7% in the 1st quarter. William B. Walkup & Associates Inc. now owns 4,572 shares of the shipping service provider's stock worth $1,115,000 after buying an additional 76 shares during the period. 84.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Wall Street Zen cut FedEx from a "buy" rating to a "hold" rating in a research note on Saturday. TD Cowen reduced their price objective on FedEx from $310.00 to $269.00 and set a "buy" rating on the stock in a research note on Wednesday, June 25th. Stifel Nicolaus set a $315.00 price objective on FedEx in a research note on Wednesday, June 25th. Susquehanna boosted their price objective on FedEx from $290.00 to $295.00 and gave the stock a "positive" rating in a research note on Wednesday, June 25th. Finally, Wells Fargo & Company boosted their price objective on FedEx from $220.00 to $235.00 and gave the stock an "equal weight" rating in a research note on Wednesday, June 25th. One 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 assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, FedEx has an average rating of "Moderate Buy" and an average price target of $283.13.

Insider Activity

In other news, Director R Brad Martin sold 2,123 shares of the company'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 completion of the transaction, the director directly owned 8,935 shares of the company's stock, valued at approximately $2,160,036.25. This represents a 19.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Marvin R. Ellison sold 3,610 shares of the company'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 value of $855,353.40. Following the transaction, the director directly owned 7,720 shares of the company's stock, valued at $1,829,176.80. This trade represents a 31.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,343 shares of company stock valued at $2,228,816. 8.87% of the stock is currently owned by insiders.

FedEx Stock Down 2.3%

FedEx stock traded down $5.4130 during midday trading on Wednesday, hitting $227.7170. The stock had a trading volume of 719,783 shares, compared to its average volume of 1,983,163. 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 cap of $53.72 billion, a P/E ratio of 13.51, a P/E/G ratio of 1.19 and a beta of 1.30. FedEx Corporation has a 12 month low of $194.29 and a 12 month high of $308.53. The business has a fifty day moving average price of $229.63 and a 200 day moving average price of $231.28.

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

FedEx Announces Dividend

The business 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 is 34.36%.

FedEx Profile

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.