BI Asset Management Fondsmaeglerselskab A S Increases Stake in FedEx Corporation $FDX

Key Points

• BI Asset Management Fondsmaeglerselskab A S increased its stake in FedEx Corporation by 34.3% in the first quarter, holding a total of 12,172 shares valued at approximately $2.97 million.
• FedEx posted earnings of $6.07 EPS for the quarter, exceeding analysts' expectations, and had a revenue of $22.20 billion, surpassing projections of $21.86 billion.
• The company recently announced a quarterly dividend of $1.45 per share, reflecting an annualized dividend of $5.80 and a dividend yield of 2.6%.

BI Asset Management Fondsmaeglerselskab A S raised its holdings in FedEx Corporation (NYSE:FDX - Free Report) by 34.3% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,172 shares of the shipping service provider's stock after buying an additional 3,106 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in FedEx were worth $2,967,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of FDX. Vanguard Group Inc. boosted its holdings in FedEx by 1.4% in the first quarter. Vanguard Group Inc. now owns 20,489,161 shares of the shipping service provider's stock valued at $4,994,848,000 after purchasing an additional 289,655 shares during the period. Invesco Ltd. raised its position in FedEx by 1.4% in the 1st quarter. Invesco Ltd. now owns 3,264,993 shares of the shipping service provider's stock valued at $795,940,000 after purchasing an additional 43,989 shares in the last quarter. Northern Trust Corp raised its position in FedEx by 13.1% in the 4th quarter. Northern Trust Corp now owns 2,357,017 shares of the shipping service provider's stock valued at $663,100,000 after purchasing an additional 273,478 shares in the last quarter. ACR Alpine Capital Research LLC boosted its stake in shares of FedEx by 85.9% in the 1st quarter. ACR Alpine Capital Research LLC now owns 1,585,033 shares of the shipping service provider's stock valued at $386,399,000 after buying an additional 732,266 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of FedEx by 0.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,506,226 shares of the shipping service provider's stock worth $367,188,000 after buying an additional 5,490 shares in the last quarter. Institutional investors and hedge funds own 84.47% of the company's stock.

FedEx Price Performance

Shares of FDX opened at $227.2250 on Thursday. 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 1-year low of $194.29 and a 1-year high of $308.53. The stock has a market cap of $53.61 billion, a PE ratio of 13.46, a price-to-earnings-growth ratio of 1.21 and a beta of 1.30. The firm has a fifty day moving average price of $229.69 and a 200 day moving average price of $231.25.

FedEx (NYSE:FDX - Get Free Report) last posted its earnings results on Tuesday, June 24th. The shipping service provider reported $6.07 EPS for the quarter, topping analysts' consensus estimates of $5.98 by $0.09. FedEx had a return on equity of 16.34% and a net margin of 4.65%.The business had revenue of $22.20 billion for the quarter, compared to analysts' expectations of $21.86 billion. During the same quarter in the previous year, the firm earned $5.41 earnings per share. FedEx has set its Q1 2026 guidance at 3.400-4.000 EPS. As a group, sell-side analysts anticipate that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Dividend Announcement

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

Insider Transactions at FedEx

In related news, Director R Brad Martin sold 2,123 shares of the 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 sale, the director owned 8,935 shares in the company, valued at $2,160,036.25. This represents a 19.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Paul S. Walsh sold 3,610 shares of the firm's 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 in the company, valued at $3,696,592.77. The trade was a 18.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,343 shares of company stock worth $2,228,816. Insiders own 8.87% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Truist Financial reaffirmed a "buy" rating and issued a $275.00 target price on shares of FedEx in a report on Wednesday, June 25th. BNP Paribas Exane upgraded shares of FedEx from an "underperform" rating to an "outperform" rating and set a $270.00 price objective on the stock in a report on Thursday, July 3rd. Barclays reaffirmed an "overweight" rating and set a $320.00 price objective (down from $330.00) on shares of FedEx in a research report on Wednesday, June 25th. Stephens reiterated an "overweight" rating and set a $300.00 target price on shares of FedEx in a research note on Tuesday, May 20th. Finally, TD Cowen cut their price target on FedEx from $310.00 to $269.00 and set a "buy" rating on the stock in a research note on Wednesday, June 25th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.