FedEx Corporation $FDX Shares Bought by Sage Capital Advisors llc

Key Points

• Sage Capital Advisors LLC increased its FedEx holdings by 136.5% in the second quarter, acquiring an additional 20,024 shares, making it the firm's 12th biggest holding.
• FedEx's latest quarterly earnings report exceeded expectations, with $6.07 EPS against the consensus estimate of $5.98, and revenue of $22.20 billion compared to the forecast of $21.86 billion.
• FedEx recently announced a quarterly dividend of $1.45 per share, representing an annualized payout of $5.80 with a yield of 2.5%.

Sage Capital Advisors llc lifted its holdings in shares of FedEx Corporation (NYSE:FDX - Free Report) by 136.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,697 shares of the shipping service provider's stock after acquiring an additional 20,024 shares during the quarter. FedEx comprises approximately 1.9% of Sage Capital Advisors llc's holdings, making the stock its 12th biggest holding. Sage Capital Advisors llc's holdings in FedEx were worth $7,887,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Jacobs & Co. CA lifted its holdings in shares of FedEx by 2.2% during the 2nd quarter. Jacobs & Co. CA now owns 48,000 shares of the shipping service provider's stock valued at $10,911,000 after acquiring an additional 1,055 shares in the last quarter. Central Pacific Bank Trust Division lifted its holdings in shares of FedEx by 9.2% during the 2nd quarter. Central Pacific Bank Trust Division now owns 4,175 shares of the shipping service provider's stock valued at $949,000 after acquiring an additional 350 shares in the last quarter. AG2R LA Mondiale Gestion D Actifs acquired a new position in shares of FedEx during the 1st quarter valued at $2,153,000. Swedbank AB increased its stake in FedEx by 0.4% during the 1st quarter. Swedbank AB now owns 111,881 shares of the shipping service provider's stock worth $27,274,000 after buying an additional 455 shares during the period. Finally, Modern Wealth Management LLC increased its stake in FedEx by 7.7% during the 1st quarter. Modern Wealth Management LLC now owns 1,898 shares of the shipping service provider's stock worth $463,000 after buying an additional 135 shares during the period. Institutional investors and hedge funds own 84.47% of the company's stock.

FedEx Stock Up 0.4%

FDX stock opened at $229.67 on Friday. The firm has a market capitalization of $54.19 billion, a P/E ratio of 13.61, a P/E/G ratio of 1.20 and a beta of 1.20. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.19 and a quick ratio of 1.15. The company's 50 day simple moving average is $229.77 and its 200-day simple moving average is $227.62. FedEx Corporation has a 52-week low of $194.29 and a 52-week high of $308.53.

FedEx (NYSE:FDX - Get Free Report) last released its quarterly earnings data on Tuesday, June 24th. The shipping service provider reported $6.07 earnings per share for the quarter, beating the consensus estimate of $5.98 by $0.09. FedEx had a net margin of 4.65% and a return on equity of 16.34%. The firm had revenue of $22.20 billion for the quarter, compared to analyst estimates of $21.86 billion. During the same quarter in the prior year, the business earned $5.41 EPS. FedEx has set its Q1 2026 guidance at 3.400-4.000 EPS. As a group, equities research analysts anticipate that FedEx Corporation will post 19.14 EPS 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. The ex-dividend date of this dividend is Monday, September 8th. This represents a $5.80 dividend on an annualized basis and a yield of 2.5%. FedEx's dividend payout ratio is currently 34.36%.

Insider Activity

In related news, Director Marvin R. Ellison sold 3,610 shares of FedEx stock in a transaction that occurred on Wednesday, July 9th. The shares were sold at an average price of $236.94, for a total transaction of $855,353.40. Following the transaction, the director owned 7,720 shares of the company's stock, valued at $1,829,176.80. This trade represents a 31.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 stock was sold at an average price of $238.29, for a total transaction of $860,226.90. Following the transaction, the director directly owned 15,513 shares in the company, valued at $3,696,592.77. The trade was a 18.88% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,343 shares of company stock valued at $2,228,816. 0.53% of the stock is currently owned by insiders.

Analyst Ratings Changes

FDX has been the subject of several research analyst reports. Wells Fargo & Company boosted their target price on shares of FedEx from $220.00 to $235.00 and gave the stock an "equal weight" rating in a research report on Wednesday, June 25th. Cowen reissued a "buy" rating on shares of FedEx in a research report on Wednesday, June 25th. JPMorgan Chase & Co. dropped their target price on shares of FedEx from $290.00 to $285.00 and set an "overweight" rating for the company in a research report on Friday, September 5th. TD Cowen dropped their target price on shares of FedEx from $310.00 to $269.00 and set a "buy" rating for the company in a research report on Wednesday, June 25th. Finally, Dbs Bank raised shares of FedEx from a "hold" rating to a "moderate buy" rating in a report on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $282.54.

FedEx 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.

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