Canada Pension Plan Investment Board Acquires 264,792 Shares of FedEx Corporation $FDX

Key Points

• The Canada Pension Plan Investment Board increased its stake in FedEx Corporation by 302.6%, acquiring 264,792 additional shares, bringing its total holdings to approximately $85.88 million.
• Two FedEx directors sold shares recently, with Marvin R. Ellison and Paul S. Walsh reducing their stakes by 31.86% and 18.88%, respectively.
• FedEx recently announced a $1.45 quarterly dividend to be paid on October 1st, resulting in an annualized yield of 2.5%.

Canada Pension Plan Investment Board boosted its holdings in FedEx Corporation (NYSE:FDX - Free Report) by 302.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 352,296 shares of the shipping service provider's stock after purchasing an additional 264,792 shares during the period. Canada Pension Plan Investment Board owned about 0.15% of FedEx worth $85,883,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. Accredited Wealth Management LLC acquired a new stake in FedEx in the fourth quarter valued at $35,000. Abound Financial LLC acquired a new stake in FedEx in the first quarter valued at $38,000. Ameriflex Group Inc. acquired a new stake in FedEx in the fourth quarter valued at $43,000. WPG Advisers LLC acquired a new stake in FedEx in the first quarter valued at $43,000. Finally, Cary Street Partners Investment Advisory LLC lifted its stake in FedEx by 60.7% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 188 shares of the shipping service provider's stock valued at $46,000 after acquiring an additional 71 shares during the last quarter. Institutional investors own 84.47% of the company's stock.

Insiders Place Their Bets

In other FedEx news, Director Marvin R. Ellison sold 3,610 shares of FedEx stock in a transaction dated Wednesday, July 9th. The shares were sold at an average price of $236.94, for a total value of $855,353.40. Following the completion of the sale, the director owned 7,720 shares in the company, valued at $1,829,176.80. The trade was a 31.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul S. Walsh sold 3,610 shares of FedEx stock in a transaction dated Tuesday, July 8th. The stock was sold at an average price of $238.29, for a total transaction of $860,226.90. Following the completion of the sale, the director owned 15,513 shares of the company's stock, valued at $3,696,592.77. This trade represents a 18.88% decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,343 shares of company stock worth $2,228,816 in the last quarter. 0.53% of the stock is currently owned by corporate insiders.

FedEx Stock Performance

NYSE FDX opened at $230.96 on Friday. The firm has a 50-day moving average of $230.69 and a 200-day moving average of $230.11. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.15 and a current ratio of 1.19. The stock has a market cap of $54.49 billion, a PE ratio of 13.68, a P/E/G ratio of 1.21 and a beta of 1.30. FedEx Corporation has a 52-week low of $194.29 and a 52-week high of $308.53.

FedEx (NYSE:FDX - Get Free Report) last issued its quarterly earnings data on Tuesday, June 24th. The shipping service provider reported $6.07 earnings per share for the quarter, topping 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 quarter in the previous year, the company earned $5.41 EPS. FedEx has set its Q1 2026 guidance at 3.400-4.000 EPS. On average, sell-side analysts anticipate that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages have commented on FDX. Citigroup cut their price target on shares of FedEx from $278.00 to $275.00 and set a "buy" rating for the company in a research note on Monday, August 18th. Sanford C. Bernstein cut their price target on shares of FedEx from $282.00 to $249.00 and set a "market perform" rating for the company in a research note on Friday, June 13th. TD Cowen cut their price target on shares of FedEx from $310.00 to $269.00 and set a "buy" rating for the company in a research note on Wednesday, June 25th. Wells Fargo & Company raised their target price on shares of FedEx from $220.00 to $235.00 and gave the stock an "equal weight" rating in a research note on Wednesday, June 25th. Finally, Susquehanna raised their target price on shares of FedEx from $290.00 to $295.00 and gave the stock a "positive" rating in a research note on Wednesday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $282.96.

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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