140,000 Shares in FedEx Corporation $FDX Acquired by Encompass Capital Advisors LLC

Key Points

• Encompass Capital Advisors LLC has acquired a new stake of 140,000 shares in FedEx Corporation, valued at approximately $34.1 million, during the first quarter.
• Several institutional investors recently adjusted their positions in FedEx, with Vanguard Group Inc. increasing its stake by 1.4%, now owning over 20 million shares.
• FedEx announced a quarterly dividend of $1.45 to be paid on October 1st, representing an annualized dividend of $5.80 with a yield of 2.6%.

Encompass Capital Advisors LLC purchased a new stake in shares of FedEx Corporation (NYSE:FDX - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 140,000 shares of the shipping service provider's stock, valued at approximately $34,129,000. Encompass Capital Advisors LLC owned 0.06% of FedEx at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Aaron Wealth Advisors LLC lifted its stake in FedEx by 2.6% in the 1st quarter. Aaron Wealth Advisors LLC now owns 1,875 shares of the shipping service provider's stock worth $457,000 after acquiring an additional 48 shares in the last quarter. SouthState Corp lifted its stake in FedEx by 3.5% in the 1st quarter. SouthState Corp now owns 1,431 shares of the shipping service provider's stock worth $349,000 after acquiring an additional 48 shares in the last quarter. Benin Management CORP raised its holdings in shares of FedEx by 0.3% during the first quarter. Benin Management CORP now owns 16,198 shares of the shipping service provider's stock worth $3,949,000 after acquiring an additional 50 shares in the last quarter. Evanson Asset Management LLC raised its holdings in shares of FedEx by 6.0% during the first quarter. Evanson Asset Management LLC now owns 879 shares of the shipping service provider's stock worth $214,000 after acquiring an additional 50 shares in the last quarter. Finally, Hendershot Investments Inc. raised its holdings in shares of FedEx by 4.3% during the first quarter. Hendershot Investments Inc. now owns 1,207 shares of the shipping service provider's stock worth $294,000 after acquiring an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 84.47% of the company's stock.

FedEx Stock Performance

FDX stock traded down $3.05 during trading on Monday, reaching $224.67. 2,092,140 shares of the stock were exchanged, compared to its average volume of 1,962,471. FedEx Corporation has a twelve month low of $194.29 and a twelve month high of $308.53. The company has a market capitalization of $53.01 billion, a P/E ratio of 13.31, a price-to-earnings-growth ratio of 1.19 and a beta of 1.20. The stock has a 50 day simple moving average of $230.73 and a 200-day simple moving average of $228.21. The company has a current ratio of 1.19, a quick ratio of 1.15 and a debt-to-equity ratio of 0.68.

FedEx (NYSE:FDX - Get Free Report) last released its earnings results 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 return on equity of 16.34% and a net margin of 4.65%.The business had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $21.86 billion. During the same period last year, the business earned $5.41 earnings per share. FedEx has set its Q1 2026 guidance at 3.400-4.000 EPS. As a group, sell-side analysts anticipate that FedEx Corporation will post 19.14 earnings per share for the current year.

FedEx Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 8th will be issued a dividend of $1.45 per share. This represents a $5.80 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Monday, September 8th. FedEx's payout ratio is presently 34.36%.

Insider Buying and Selling at FedEx

In other news, Director R Brad Martin sold 2,123 shares of FedEx stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $241.75, for a total value of $513,235.25. Following the completion of the transaction, the director owned 8,935 shares in the company, valued at approximately $2,160,036.25. The trade was a 19.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Paul S. Walsh sold 3,610 shares of FedEx stock in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $238.29, for a total transaction of $860,226.90. Following the completion of the transaction, 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. Over the last ninety days, insiders have sold 9,343 shares of company stock valued at $2,228,816. 0.53% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Raymond James Financial reiterated an "outperform" rating and set a $260.00 price objective (down from $275.00) on shares of FedEx in a report on Wednesday, June 25th. Citigroup cut their price objective on FedEx from $278.00 to $275.00 and set a "buy" rating for the company in a report on Monday, August 18th. JPMorgan Chase & Co. cut their price objective on FedEx from $290.00 to $285.00 and set an "overweight" rating for the company in a report on Friday. BNP Paribas Exane upgraded FedEx from an "underperform" rating to an "outperform" rating and set a $270.00 price objective for the company in a report on Thursday, July 3rd. Finally, Barclays reiterated an "overweight" rating and set a $320.00 price objective (down from $330.00) on shares of FedEx in a report on Wednesday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $282.75.

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.