Bridgewater Advisors Inc. Buys Shares of 4,501 FedEx Corporation $FDX

Key Points

• Bridgewater Advisors initiated a FedEx position by purchasing 4,501 shares valued at approximately $1.39 million. Other funds also added new stakes, and institutional investors now own 84.47% of the company.
• Analyst sentiment remains generally positive, with a consensus rating of “Moderate Buy” and an average price target of $350.54, despite several analysts recently lowering targets or downgrading the stock.
• FedEx reported quarterly earnings of $5.88 per share on $23.26 billion in revenue and pays an annualized dividend of $4.88 per share, yielding about 1.5%. A director recently sold 5,042 shares, while the company faces ongoing cost pressures reflected in facility closures and layoffs.

Bridgewater Advisors Inc. purchased a new position in shares of FedEx Corporation (NYSE:FDX - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 4,501 shares of the shipping service provider's stock, valued at approximately $1,392,000.

Other hedge funds have also recently modified their holdings of the company. SFE Investment Counsel purchased a new stake in shares of FedEx in the 2nd quarter worth $3,289,000. USA Financial Formulas purchased a new position in FedEx during the first quarter valued at $632,000. BIP Wealth LLC bought a new stake in FedEx during the second quarter valued at about $590,000. Phillips Financial Management LLC purchased a new stake in FedEx in the second quarter worth about $243,000. Finally, Next Capital Management LLC purchased a new stake in FedEx in the second quarter worth about $326,000. Institutional investors own 84.47% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Seaport Research Partners began coverage on shares of FedEx in a report on Wednesday, May 27th. They issued a "buy" rating for the company. Jefferies Financial Group began coverage on shares of FedEx in a report on Tuesday, June 23rd. They set a "buy" rating and a $200.00 price target on the stock. Deutsche Bank Aktiengesellschaft lowered shares of FedEx from a "buy" rating to a "hold" rating in a research report on Wednesday, May 27th. TD Cowen dropped their target price on shares of FedEx from $426.00 to $354.00 in a report on Wednesday, June 24th. Finally, Raymond James Financial decreased their price target on FedEx from $415.00 to $330.00 and set an "outperform" rating on the stock in a report on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, FedEx currently has an average rating of "Moderate Buy" and a consensus target price of $350.54.

Insider Activity

In related news, Director Paul S. Walsh sold 5,042 shares of the business's 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 sale, the director directly owned 16,359 shares in the company, valued at approximately $5,309,477.04. The trade was a 23.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.53% of the company's stock.

More FedEx News

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 Price Performance

FDX stock opened at $334.56 on Friday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.44 and a current ratio of 1.48. The company's fifty day moving average price is $319.39 and its 200-day moving average price is $351.07. FedEx Corporation has a one year low of $177.05 and a one year high of $345.36. The company 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.

FedEx (NYSE:FDX - Get Free Report) last posted its earnings results on Tuesday, July 21st. The shipping service provider reported $5.88 earnings per share for the quarter. The company had revenue of $23.26 billion during the quarter. FedEx had a net margin of 4.68% and a return on equity of 16.49%. On average, equities analysts anticipate that FedEx Corporation will post 17.6 EPS for the current fiscal year.

FedEx Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Monday, June 22nd were given a dividend of $1.22 per share. The ex-dividend date was Monday, June 22nd. This represents a $4.88 dividend on an annualized basis and a dividend yield of 1.5%. FedEx's dividend payout ratio (DPR) is presently 26.36%.

FedEx Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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