Credit Agricole S A Boosts Holdings in FedEx Corporation $FDX

Key Points

• Credit Agricole S A increased its holdings in FedEx by 14.8%, owning 102,655 shares valued at approximately $25 million.
• FedEx recently reported earnings of $6.07 per share for the quarter, exceeding estimates of $5.98, along with $22.20 billion in revenue.
• The company declared a quarterly dividend of $1.45 per share, yielding 2.5% annually, payable on October 1st.

Credit Agricole S A boosted its position in shares of FedEx Corporation (NYSE:FDX - Free Report) by 14.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 102,655 shares of the shipping service provider's stock after buying an additional 13,222 shares during the quarter. Credit Agricole S A's holdings in FedEx were worth $25,025,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of FDX. Nuveen LLC purchased a new position in FedEx during the first quarter worth $314,650,000. ACR Alpine Capital Research LLC boosted its stake in shares of FedEx by 85.9% during the first 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 purchasing an additional 732,266 shares during the period. GAMMA Investing LLC boosted its stake in shares of FedEx by 18,202.1% during the first quarter. GAMMA Investing LLC now owns 545,586 shares of the shipping service provider's stock valued at $133,003,000 after purchasing an additional 542,605 shares during the period. Worldquant Millennium Advisors LLC boosted its stake in shares of FedEx by 276.1% during the fourth quarter. Worldquant Millennium Advisors LLC now owns 433,789 shares of the shipping service provider's stock valued at $122,038,000 after purchasing an additional 318,448 shares during the period. Finally, Freestone Grove Partners LP purchased a new stake in shares of FedEx during the fourth quarter valued at $86,960,000. 84.47% of the stock is owned by hedge funds and other institutional investors.

FedEx Stock Up 2.3%

NYSE:FDX opened at $232.9180 on Wednesday. FedEx Corporation has a 1-year low of $194.29 and a 1-year high of $308.53. The company has a 50-day moving average of $229.63 and a 200 day moving average of $231.28. The firm has a market cap of $54.95 billion, a PE ratio of 13.80, a price-to-earnings-growth ratio of 1.19 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 (NYSE:FDX - Get Free Report) last released its quarterly earnings data on Tuesday, June 24th. The shipping service provider reported $6.07 earnings per share for the quarter, topping analysts' consensus estimates of $5.98 by $0.09. FedEx had a net margin of 4.65% and a return on equity of 16.34%. The company had revenue of $22.20 billion during the quarter, compared to analyst estimates of $21.86 billion. During the same period in the prior 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, research analysts anticipate that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Monday, September 8th. This represents a $5.80 dividend on an annualized basis and a yield of 2.5%. FedEx's dividend payout ratio is 34.36%.

Insider Buying and Selling

In related news, Director Marvin R. Ellison sold 3,610 shares of the company's 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 directly owned 7,720 shares of the company's stock, valued at $1,829,176.80. This represents a 31.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director R Brad Martin sold 2,123 shares of the stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $241.75, for a total transaction of $513,235.25. Following the sale, the director directly owned 8,935 shares of the company's stock, valued at approximately $2,160,036.25. The trade was 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 valued at $2,228,816 over the last three months. 8.87% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on FDX. Barclays reissued an "overweight" rating and set a $320.00 target price (down from $330.00) on shares of FedEx in a research note on Wednesday, June 25th. Bank of America lowered their target price on shares of FedEx from $270.00 to $245.00 and set a "buy" rating for the company in a research note on Wednesday, June 25th. UBS Group lowered their target price on shares of FedEx from $311.00 to $297.00 and set a "buy" rating for the company in a research note on Wednesday, June 25th. Susquehanna boosted their target price on shares of FedEx from $290.00 to $295.00 and gave the company a "positive" rating in a research note on Wednesday, June 25th. Finally, BNP Paribas Exane raised shares of FedEx from an "underperform" rating to an "outperform" rating and set a $270.00 target price for the company in a research note on Thursday, July 3rd. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $283.13.

About FedEx

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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