AG2R LA Mondiale Gestion D Actifs Invests $2.15 Million in FedEx Corporation $FDX

Key Points

• AG2R LA Mondiale Gestion D Actifs made a new investment of approximately $2.15 million in FedEx, acquiring 8,833 shares in the 1st quarter.
• FedEx reported earnings of $6.07 per share for the last quarter, surpassing estimates and demonstrating a return on equity of 16.34%.
• The company has announced a quarterly dividend of $1.45 per share, representing an annualized dividend of $5.80 and a yield of 2.5%.

AG2R LA Mondiale Gestion D Actifs bought a new position in shares of FedEx Corporation (NYSE:FDX - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 8,833 shares of the shipping service provider's stock, valued at approximately $2,153,000.

Other hedge funds have also recently bought and sold shares of the company. Golden State Wealth Management LLC raised its holdings in FedEx by 21.1% during the 1st quarter. Golden State Wealth Management LLC now owns 362 shares of the shipping service provider's stock worth $88,000 after buying an additional 63 shares during the period. NBC Securities Inc. acquired a new stake in FedEx during the 1st quarter worth approximately $147,000. Farther Finance Advisors LLC raised its holdings in FedEx by 27.6% during the 1st quarter. Farther Finance Advisors LLC now owns 2,223 shares of the shipping service provider's stock worth $538,000 after buying an additional 481 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in FedEx during the 1st quarter worth approximately $892,000. Finally, Strs Ohio acquired a new stake in FedEx during the 1st quarter worth approximately $64,242,000. 84.47% of the stock is currently owned by institutional investors and hedge funds.

FedEx Stock Down 0.7%

Shares of NYSE:FDX traded down $1.54 during midday trading on Wednesday, hitting $226.16. The stock had a trading volume of 3,113,329 shares, compared to its average volume of 1,960,311. FedEx Corporation has a 12 month low of $194.29 and a 12 month high of $308.53. The company has a quick ratio of 1.15, a current ratio of 1.19 and a debt-to-equity ratio of 0.68. The business's 50-day simple moving average is $229.37 and its 200-day simple moving average is $226.95. The company has a market cap of $53.36 billion, a P/E ratio of 13.40, a PEG ratio of 1.27 and a beta of 1.20.

FedEx (NYSE:FDX - Get Free Report) last released its earnings results 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. FedEx had a net margin of 4.65% and a return on equity of 16.34%. The business had revenue of $22.20 billion during the quarter, compared to analysts' expectations of $21.86 billion. During the same period last year, the business earned $5.41 earnings per share. FedEx has set its Q1 2026 guidance at 3.400-4.000 EPS. On average, sell-side analysts forecast that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 8th will be given a dividend of $1.45 per share. This represents a $5.80 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Monday, September 8th. FedEx's payout ratio is 34.36%.

Insiders Place Their Bets

In other FedEx news, Director R Brad Martin sold 2,123 shares of FedEx stock in a transaction on Monday, July 7th. The shares were 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 $2,160,036.25. The trade was a 19.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Paul S. Walsh sold 3,610 shares of FedEx stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $238.29, for a total transaction of $860,226.90. Following the transaction, the director directly owned 15,513 shares of the company's stock, valued at approximately $3,696,592.77. This trade represents a 18.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,343 shares of company stock valued at $2,228,816 over the last ninety days. 0.53% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on FDX shares. Stifel Nicolaus dropped their target price on shares of FedEx from $315.00 to $308.00 and set a "buy" rating on the stock in a report on Wednesday. BNP Paribas Exane raised shares of FedEx from an "underperform" rating to an "outperform" rating and set a $270.00 price target for the company in a research note on Thursday, July 3rd. Stephens reaffirmed an "overweight" rating and set a $300.00 price target on shares of FedEx in a research note on Tuesday, May 20th. Wall Street Zen cut shares of FedEx from a "buy" rating to a "hold" rating in a research note on Saturday, August 16th. Finally, The Goldman Sachs Group decreased their price target on shares of FedEx from $290.00 to $276.00 and set a "buy" rating for the company in a research note on Friday, September 12th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, FedEx has a consensus rating of "Moderate Buy" and an average price target of $276.29.

FedEx Company 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.