Emerald Investment Advisers LLC Takes Position in FedEx Corporation $FDX

Key Points

• Emerald Investment Advisers acquired 6,777 FedEx shares valued at approximately $2.12 million, adding to significant institutional activity; institutional investors and hedge funds own 84.47% of the stock.
• FedEx reported quarterly earnings of $5.88 per share on $23.26 billion in revenue and declared a $1.22 quarterly dividend, equivalent to a $4.88 annual payout and a 1.5% yield.
• Analysts maintain a generally positive outlook, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $350.54 versus its recent price of $325.03.

Emerald Investment Advisers LLC purchased a new position in FedEx Corporation (NYSE:FDX - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 6,777 shares of the shipping service provider's stock, valued at approximately $2,122,000.

A number of other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. acquired a new position in FedEx in the 2nd quarter valued at $6,508,103,000. Norges Bank purchased a new position in FedEx in the 4th quarter valued at $859,085,000. Boston Partners acquired a new stake in FedEx during the 3rd quarter worth $468,195,000. AQR Capital Management LLC boosted its stake in FedEx by 169.2% during the 3rd quarter. AQR Capital Management LLC now owns 2,733,905 shares of the shipping service provider's stock worth $638,203,000 after purchasing an additional 1,718,278 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in shares of FedEx during the second quarter worth $466,943,000. 84.47% of the stock is owned by institutional investors and hedge funds.

FedEx Trading Down 0.3%

NYSE FDX opened at $325.03 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.48 and a quick ratio of 1.44. The stock has a market capitalization of $76.92 billion, a P/E ratio of 17.56, a PEG ratio of 1.67 and a beta of 1.30. The firm's 50-day moving average is $319.03 and its two-hundred day moving average is $351.53. FedEx Corporation has a 12 month low of $177.05 and a 12 month high of $345.36.

FedEx (NYSE:FDX - Get Free Report) last announced its quarterly earnings results on Tuesday, July 21st. The shipping service provider reported $5.88 earnings per share for the quarter. The business 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, sell-side analysts anticipate that FedEx Corporation will post 17.6 earnings per share for the current year.

FedEx Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Monday, September 14th will be issued a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 1.5%. The ex-dividend date is Monday, September 14th. FedEx's dividend payout ratio (DPR) is 26.36%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Wells Fargo & Company reduced their target price on shares of FedEx from $450.00 to $425.00 and set an "overweight" rating for the company in a research report on Wednesday, June 17th. The Goldman Sachs Group lowered their price target on shares of FedEx from $405.00 to $375.00 and set a "buy" rating on the stock in a research report on Monday, June 1st. Wall Street Zen raised shares of FedEx to a "hold" rating in a research note on Saturday, August 8th. Citizens Jmp started coverage on shares of FedEx in a report on Wednesday, July 15th. They issued a "market outperform" rating and a $375.00 price objective for the company. Finally, Stephens raised shares of FedEx to a "strong-buy" rating in a research note on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $350.54.

Insider Transactions at FedEx

In other FedEx news, Director Paul S. Walsh sold 5,042 shares of the business's stock in a transaction that occurred on 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 owned 16,359 shares of the company's stock, valued at $5,309,477.04. The trade was a 23.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.53% of the stock is currently owned by insiders.

Key FedEx News

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: FedEx’s board declared a quarterly cash dividend of $1.22 per share, payable October 1 to shareholders of record on September 14. The unchanged dividend reinforces the company’s commitment to returning capital and may support income-oriented investor interest. FedEx Corp. Board Declares Quarterly Dividend
• Positive Sentiment: FedEx and UPS reportedly secured modifications to government delivery contracts, potentially providing additional volume and revenue visibility for FedEx’s network. UPS and FedEx land government delivery contract modifications
• Neutral Sentiment: Wall Street analysts remain cautiously optimistic about FedEx, citing its strong performance over the past year but maintaining a measured outlook on future prospects. This suggests support for the stock but limited expectations for near-term upside. Are Wall Street Analysts Bullish on FedEx Stock?
• Negative Sentiment: Reports that UPS, FedEx and DHL are returning billions in tariff-related charges to eligible U.S. customers could create reimbursement costs and administrative complexity, although the ultimate financial impact on FedEx remains unclear. UPS, FedEx and DHL are giving back billions in Trump tariffs
• Negative Sentiment: FedEx reportedly paid its top executives $81 million in fiscal 2026, a 131% increase from the prior year. The sharp rise may draw investor scrutiny regarding compensation discipline and corporate governance. Memphis-based FedEx paid top executives $81M
• Negative Sentiment: Amazon’s planned expansion of drone delivery to nearly 500 U.S. cities increases competitive pressure in last-mile shipping and could challenge FedEx’s parcel volumes over time. Amazon to Bring Drone Delivery to 500 Cities

FedEx 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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source