Livforsakringsbolaget Skandia Omsesidigt Increases Stock Holdings in FedEx Corporation $FDX

Key Points

• Livforsakringsbolaget Skandia Omsesidigt increased its stake in FedEx by 19.1%, resulting in ownership of 19,296 shares worth approximately $4.41 million.
• FedEx announced a quarterly dividend of $1.45 per share, with a payout ratio of 34.36%, to be paid on October 1st to shareholders of record on September 8th.
• For the last quarter, FedEx reported earnings per share of $3.83, exceeding estimates, and had a revenue of $22.20 billion, showing a 3.1% increase year-over-year.

Livforsakringsbolaget Skandia Omsesidigt lifted its stake in shares of FedEx Corporation (NYSE:FDX - Free Report) by 19.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,296 shares of the shipping service provider's stock after purchasing an additional 3,100 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt's holdings in FedEx were worth $4,410,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of FDX. Brighton Jones LLC grew its holdings in shares of FedEx by 12.8% during the 4th quarter. Brighton Jones LLC now owns 1,825 shares of the shipping service provider's stock worth $514,000 after purchasing an additional 207 shares in the last quarter. Man Group plc grew its holdings in shares of FedEx by 274.3% during the 4th quarter. Man Group plc now owns 7,253 shares of the shipping service provider's stock worth $2,040,000 after purchasing an additional 5,315 shares in the last quarter. Two Sigma Investments LP boosted its stake in FedEx by 98.1% in the fourth quarter. Two Sigma Investments LP now owns 10,700 shares of the shipping service provider's stock valued at $3,010,000 after buying an additional 5,300 shares in the last quarter. Vident Advisory LLC boosted its stake in FedEx by 120.0% in the fourth quarter. Vident Advisory LLC now owns 10,430 shares of the shipping service provider's stock valued at $2,935,000 after buying an additional 5,690 shares in the last quarter. Finally, Waverly Advisors LLC boosted its stake in FedEx by 34.0% in the fourth quarter. Waverly Advisors LLC now owns 5,032 shares of the shipping service provider's stock valued at $1,416,000 after buying an additional 1,278 shares in the last quarter. 84.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently weighed in on FDX. TD Cowen raised their price objective on FedEx from $269.00 to $271.00 and gave the company a "buy" rating in a research note on Friday. Daiwa Capital Markets raised their price objective on FedEx from $232.00 to $240.00 and gave the company a "neutral" rating in a research note on Monday. BNP Paribas Exane raised FedEx from an "underperform" rating to an "outperform" rating and set a $270.00 price objective on the stock in a research note on Thursday, July 3rd. Wolfe Research raised their price objective on FedEx from $244.00 to $254.00 and gave the company an "outperform" rating in a research note on Friday. Finally, Citigroup raised their price objective on FedEx from $275.00 to $279.00 and gave the company a "buy" rating in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $271.67.

FedEx Stock Up 2.1%

Shares of NYSE FDX traded up $4.77 during midday trading on Tuesday, hitting $234.89. 929,470 shares of the stock traded hands, compared to its average volume of 2,024,691. The company has a market cap of $55.42 billion, a PE ratio of 13.69, a P/E/G ratio of 1.34 and a beta of 1.20. FedEx Corporation has a one year low of $194.29 and a one year high of $308.53. The business has a 50 day moving average price of $228.77 and a two-hundred day moving average price of $226.13. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.21 and a current ratio of 1.25.

FedEx (NYSE:FDX - Get Free Report) last released its quarterly earnings data on Thursday, September 18th. The shipping service provider reported $3.83 EPS for the quarter, beating the consensus estimate of $3.71 by $0.12. The firm had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $21.74 billion. FedEx had a return on equity of 16.33% and a net margin of 4.65%.The company's quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.60 earnings per share. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. On average, equities analysts predict that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 8th will be issued a dividend of $1.45 per share. The ex-dividend date is Monday, September 8th. This represents a $5.80 annualized dividend and a dividend yield of 2.5%. FedEx's payout ratio is currently 33.86%.

Insider Activity

In other news, Director Marvin R. Ellison sold 3,610 shares of the business's stock in a transaction that occurred on Wednesday, July 9th. The stock was sold at an average price of $236.94, for a total transaction 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director R Brad Martin sold 2,123 shares of the business's 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 sale, the director owned 8,935 shares of the company's stock, valued at approximately $2,160,036.25. This represents a 19.20% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,343 shares of company stock worth $2,228,816 over the last quarter. 0.53% of the stock is currently owned by corporate insiders.

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.