Bank of Hawaii Invests $334,000 in FedEx Corporation $FDX

Key Points

• Bank of Hawaii has invested approximately $334,000 to acquire a new position in FedEx Corporation, obtaining 1,369 shares of the shipping service provider's stock.
• FedEx reported a quarterly EPS of $6.07, surpassing consensus estimates, and revenue of $22.2 billion for the quarter.
• The company announced a quarterly dividend of $1.45 per share, with a dividend yield of 2.5%, set to be paid on October 1st.

Bank of Hawaii acquired a new position in FedEx Corporation (NYSE:FDX - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,369 shares of the shipping service provider's stock, valued at approximately $334,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Ally Financial Inc. grew its position in shares of FedEx by 20.0% in the 1st quarter. Ally Financial Inc. now owns 12,000 shares of the shipping service provider's stock worth $2,925,000 after buying an additional 2,000 shares during the last quarter. Comerica Bank grew its position in shares of FedEx by 1.8% in the 1st quarter. Comerica Bank now owns 45,344 shares of the shipping service provider's stock worth $11,054,000 after buying an additional 802 shares during the last quarter. Synovus Financial Corp grew its position in shares of FedEx by 9.7% in the 1st quarter. Synovus Financial Corp now owns 9,711 shares of the shipping service provider's stock worth $2,367,000 after buying an additional 856 shares during the last quarter. Quantitative Investment Management LLC purchased a new stake in FedEx during the 1st quarter worth approximately $6,267,000. Finally, Hotchkis & Wiley Capital Management LLC grew its position in FedEx by 7.1% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 2,030,687 shares of the shipping service provider's stock worth $495,041,000 after purchasing an additional 135,290 shares during the last quarter. Hedge funds and other institutional investors own 84.47% of the company's stock.

FedEx Stock Down 1.6%

FDX stock opened at $232.9780 on Tuesday. The firm's fifty day simple moving average is $230.07 and its 200-day simple moving average is $230.49. The company has a market capitalization of $54.97 billion, a P/E ratio of 13.80, a price-to-earnings-growth ratio of 1.23 and a beta of 1.30. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.19 and a quick ratio of 1.15. FedEx Corporation has a 12 month low of $194.29 and a 12 month high of $308.53.

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 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 for the quarter, compared to the consensus estimate of $21.86 billion. During the same period in the prior year, the firm earned $5.41 EPS. FedEx has set its Q1 2026 guidance at 3.400-4.000 EPS. As a group, equities research analysts forecast that FedEx Corporation will post 19.14 earnings per share for the current year.

FedEx Dividend Announcement

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

Insider Activity at FedEx

In related news, Director Paul S. Walsh sold 3,610 shares of the business's stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $238.29, for a total value of $860,226.90. Following the completion of the transaction, the director directly owned 15,513 shares in the company, valued at $3,696,592.77. The trade was a 18.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director R Brad Martin sold 2,123 shares of the business's 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 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 disclosure for this sale can be found here. Insiders sold a total of 9,343 shares of company stock worth $2,228,816 in the last three months. Company insiders own 8.87% of the company's stock.

Analysts Set New Price Targets

FDX has been the topic of several research analyst reports. Stifel Nicolaus set a $315.00 target price on shares of FedEx in a research report on Wednesday, June 25th. Dbs Bank raised shares of FedEx from a "hold" rating to a "moderate buy" rating in a research report on Thursday, August 21st. Stephens reissued an "overweight" rating and set a $300.00 target price on shares of FedEx in a research report on Tuesday, May 20th. Sanford C. Bernstein dropped their target price on shares of FedEx from $282.00 to $249.00 and set a "market perform" rating on the stock in a research report on Friday, June 13th. Finally, Cowen reissued a "buy" rating on shares of FedEx in a research report on Wednesday, June 25th. One investment 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 issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $283.13.

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.

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