FedEx Corporation $FDX Shares Bought by Chapin Davis Inc.

Key Points

• Chapin Davis Inc. increased its stake in FedEx Corporation by 16.2% during the second quarter, acquiring a total of 9,325 shares worth approximately $2.12 million.
• FedEx reported earnings of $3.83 per share for the last quarter, exceeding analysts' estimates of $3.71, and posted revenues of $22.20 billion, reflecting a year-over-year increase of 3.1%.
• The company recently declared a quarterly dividend of $1.45 per share, with a yield of 2.5%, set to be paid on October 1st, following an ex-dividend date of September 8th.

Chapin Davis Inc. boosted its stake in shares of FedEx Corporation (NYSE:FDX - Free Report) by 16.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,325 shares of the shipping service provider's stock after acquiring an additional 1,302 shares during the quarter. Chapin Davis Inc.'s holdings in FedEx were worth $2,120,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC lifted its position in FedEx by 21.1% during the 1st quarter. Golden State Wealth Management LLC now owns 362 shares of the shipping service provider's stock worth $88,000 after acquiring an additional 63 shares during the period. Sage Capital Advisors llc lifted its position in FedEx by 136.5% during the 2nd quarter. Sage Capital Advisors llc now owns 34,697 shares of the shipping service provider's stock worth $7,887,000 after acquiring an additional 20,024 shares during the period. Sivia Capital Partners LLC acquired a new stake in shares of FedEx in the 2nd quarter valued at approximately $586,000. Value Partners Investments Inc. lifted its holdings in shares of FedEx by 26.4% in the 2nd quarter. Value Partners Investments Inc. now owns 181,454 shares of the shipping service provider's stock valued at $41,247,000 after buying an additional 37,950 shares during the period. Finally, NBC Securities Inc. acquired a new stake in shares of FedEx in the 1st quarter valued at approximately $147,000. 84.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FDX has been the subject of several recent analyst reports. Sanford C. Bernstein reduced their price target on FedEx from $249.00 to $247.00 and set a "market perform" rating for the company in a report on Tuesday, September 16th. Wells Fargo & Company raised their price objective on FedEx from $235.00 to $250.00 and gave the company an "equal weight" rating in a research note on Friday. 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. Stifel Nicolaus dropped their price objective on FedEx from $308.00 to $296.00 and set a "buy" rating for the company in a research note on Wednesday, September 17th. Finally, Cowen reaffirmed a "buy" rating on shares of FedEx in a research note on Wednesday, June 25th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $275.85.

FedEx Stock Up 2.5%

Shares of NYSE:FDX opened at $232.10 on Monday. The stock's 50-day moving average price is $228.84 and its two-hundred day moving average price is $226.29. The company has a current ratio of 1.25, a quick ratio of 1.21 and a debt-to-equity ratio of 0.73. FedEx Corporation has a 12-month low of $194.29 and a 12-month high of $308.53. The firm has a market cap of $54.76 billion, a price-to-earnings ratio of 13.55, a PEG ratio of 1.34 and a beta of 1.20.

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

FedEx Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 8th will be paid a $1.45 dividend. This represents a $5.80 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Monday, September 8th. FedEx's dividend payout ratio (DPR) is presently 33.86%.

Insiders Place Their Bets

In other news, Director R Brad Martin sold 2,123 shares of the firm's stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $241.75, for a total value of $513,235.25. Following the transaction, the director directly owned 8,935 shares in the company, valued at $2,160,036.25. This trade represents a 19.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Paul S. Walsh sold 3,610 shares of the firm's stock in a transaction dated Tuesday, July 8th. The stock was sold at an average price of $238.29, for a total value of $860,226.90. Following the completion of the transaction, the director owned 15,513 shares in the company, valued at approximately $3,696,592.77. This trade represents a 18.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,343 shares of company stock valued at $2,228,816. Insiders own 0.53% of the company's stock.

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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