Empowered Funds LLC Takes $6.66 Million Position in FedEx Corporation $FDX

Key Points

• Empowered Funds LLC acquired 21,272 FedEx shares worth approximately $6.66 million during the second quarter, while institutional investors collectively own 84.47% of the company.
• FedEx reported quarterly revenue of $23.26 billion and earnings of $5.88 per share, and declared a quarterly dividend of $1.22 per share, equivalent to a 1.5% annual yield.
• Analysts maintain a “Moderate Buy” consensus on FedEx, with an average price target of $350.54 versus the stock’s reported price of $331.10.

Empowered Funds LLC purchased a new position in shares of FedEx Corporation (NYSE:FDX - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 21,272 shares of the shipping service provider's stock, valued at approximately $6,661,000.

Several other institutional investors have also bought and sold shares of the company. United Capital Financial Advisors LLC bought a new position in FedEx during the second quarter valued at $3,102,000. Hamilton Capital LLC bought a new position in shares of FedEx during the 2nd quarter worth $237,000. Equitable Holdings Inc. bought a new position in shares of FedEx during the 2nd quarter worth $1,444,000. Centaurus Financial Inc. purchased a new stake in FedEx in the 2nd quarter worth about $192,000. Finally, Pacific Heights Asset Management LLC purchased a new stake in FedEx in the 2nd quarter worth about $26,616,000. Hedge funds and other institutional investors own 84.47% of the company's stock.

FedEx Stock Up 0.1%

FDX stock opened at $331.10 on Monday. The company has a quick ratio of 1.44, a current ratio of 1.48 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $78.36 billion, a PE ratio of 17.89, a PEG ratio of 1.70 and a beta of 1.30. FedEx Corporation has a twelve month low of $177.05 and a twelve month high of $345.36. The stock has a 50-day simple moving average of $319.32 and a two-hundred day simple moving average of $350.61.

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 (EPS) for the quarter. FedEx had a net margin of 4.68% and a return on equity of 16.49%. The firm had revenue of $23.26 billion for the quarter. On average, equities analysts predict that FedEx Corporation will post 17.6 EPS for the current fiscal year.

FedEx Announces Dividend

The company 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 dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Monday, September 14th. FedEx's dividend payout ratio is 26.36%.

Insider Transactions at FedEx

In other FedEx news, Director Paul S. Walsh sold 5,042 shares of the stock in a transaction that occurred on Tuesday, June 30th. The shares were 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 $5,309,477.04. This represents a 23.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.65% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

FDX has been the topic of several recent research reports. Stephens raised shares of FedEx to a "strong-buy" rating in a report on Wednesday, July 8th. Evercore set a $165.00 target price on shares of FedEx in a research note on Friday, June 26th. HSBC lowered their price target on shares of FedEx from $360.00 to $289.89 and set a "hold" rating on the stock in a research report on Monday, June 1st. UBS Group dropped their price target on shares of FedEx from $445.00 to $350.00 and set a "buy" rating on the stock in a research note on Wednesday, June 24th. Finally, Jefferies Financial Group began coverage on shares of FedEx in a report on Tuesday, June 23rd. They issued a "buy" rating and a $200.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, FedEx currently has an average rating of "Moderate Buy" and an average target price of $350.54.

More FedEx News

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: The U.S. Transportation Command awarded FedEx and United Parcel Service modified defense contracts valued at approximately $2.72 billion each. The agreements run through September 2030 and could provide FedEx with steady, multiyear government revenue. FedEx Corporation is Growing Faster, but Could United Parcel Have More Margin Upside?
• Positive Sentiment: FedEx committed about $400 million to air-cargo hubs in Delhi and Mumbai. The facilities will add more than 500,000 square feet of capacity and position the company to benefit from India’s expected logistics growth. FedEx Commits $400 Million to Indian Air Cargo Growth With Delhi, Mumbai Hubs
• Positive Sentiment: The board declared a quarterly dividend of $1.22 per share. Commentators also argue that FedEx’s growth profile and valuation could offer upside, with Wall Street’s average recommendation remaining bullish, though analyst optimism should be treated cautiously. Following FedEx Dividend and India Hub Plans, Are Shares Below Fair Value?
• Neutral Sentiment: FedEx’s freight separation is prompting investors to compare the standalone freight business with the remaining parcel and logistics company. The transaction may sharpen strategic focus, but the preferred investment depends on execution and the future performance of each stock. FedEx Just Spun Off Its Freight Division. Which Stock Should You Own?
• Neutral Sentiment: FedEx shareholders will vote on three governance proposals, creating a potential near-term corporate-governance catalyst, although the available report does not specify the proposals or their likely effect. FedEx Shareholders Will Vote On Three Governance Proposals
• Negative Sentiment: Investors continue to weigh tariff uncertainty, shifting trade routes and geopolitical disruption. FedEx’s CEO believes supply-chain “reglobalization” could create opportunities, but those conditions can also pressure volumes, costs and margins. The Supply-Chain Savant: How FedEx CEO Raj Subramaniam Leads Through Reglobalization

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.

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