FedEx Corporation $FDX Shares Purchased by Benjamin Edwards Inc.

Key Points

• Benjamin Edwards Inc. increased its FedEx stake by 9.9% in the second quarter, owning 41,522 shares valued at approximately $13.0 million. Institutional investors collectively own 84.47% of FedEx’s outstanding stock.
• Analyst sentiment remains favorable, with FedEx holding a consensus “Moderate Buy” rating and an average price target of $350.54; ratings include 18 Buys, nine Holds, two Sells and one Strong Buy.
• FedEx opened at $331.10 and recently declared a quarterly dividend of $1.22 per share, equivalent to $4.88 annually and a 1.5% yield. The company most recently reported quarterly earnings of $5.88 per share on $23.26 billion in revenue.

Benjamin Edwards Inc. grew its stake in shares of FedEx Corporation (NYSE:FDX - Free Report) by 9.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 41,522 shares of the shipping service provider's stock after buying an additional 3,753 shares during the period. Benjamin Edwards Inc.'s holdings in FedEx were worth $13,007,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Sivia Capital Partners LLC purchased a new position in shares of FedEx during the 2nd quarter worth $586,000. Canada Post Corp Registered Pension Plan increased its stake in FedEx by 85.9% in the fourth quarter. Canada Post Corp Registered Pension Plan now owns 6,792 shares of the shipping service provider's stock valued at $1,962,000 after purchasing an additional 3,138 shares during the last quarter. North Dakota State Investment Board purchased a new position in FedEx during the fourth quarter worth about $2,122,000. OMERS ADMINISTRATION Corp boosted its stake in FedEx by 104.9% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 17,319 shares of the shipping service provider's stock worth $6,169,000 after buying an additional 8,868 shares during the last quarter. Finally, First Nebraska Trust Co acquired a new stake in FedEx in the 1st quarter worth about $10,675,000. 84.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on FDX. Weiss Ratings raised shares of FedEx from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Tuesday, August 18th. BMO Capital Markets reissued a "market perform" rating on shares of FedEx in a research report on Wednesday, June 24th. Raymond James Financial set a $330.00 target price on shares of FedEx in a report on Friday. Citizens Jmp started coverage on shares of FedEx in a research report on Wednesday, July 15th. They set a "market outperform" rating and a $375.00 price target for the company. Finally, Wall Street Zen raised shares of FedEx to a "hold" rating in a research note on Saturday, August 8th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus 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 Stock Performance

FedEx stock opened at $331.10 on Monday. The stock's 50-day moving average is $319.32 and its 200-day moving average is $350.61. The company has a market cap of $78.36 billion, a price-to-earnings ratio of 17.89, a price-to-earnings-growth ratio of 1.70 and a beta of 1.30. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.48 and a quick ratio of 1.44. FedEx Corporation has a 12 month low of $177.05 and a 12 month high of $345.36.

FedEx (NYSE:FDX - Get Free Report) last issued its earnings results on Tuesday, July 21st. The shipping service provider reported $5.88 earnings per share (EPS) for the quarter. The business had revenue of $23.26 billion during the quarter. FedEx had a return on equity of 16.49% and a net margin of 4.68%. Equities analysts anticipate that FedEx Corporation will post 17.6 earnings per share for the current year.

FedEx Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Monday, September 14th will be given a $1.22 dividend. The ex-dividend date of this dividend is Monday, September 14th. This represents a $4.88 annualized dividend and a yield of 1.5%. FedEx's dividend payout ratio (DPR) is 26.36%.

Insider Activity

In other news, Director Paul S. Walsh sold 5,042 shares of FedEx stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $324.56, for a total transaction of $1,636,431.52. Following the sale, the director directly owned 16,359 shares of the company's stock, valued at approximately $5,309,477.04. The trade was a 23.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.65% of the stock is owned by corporate insiders.

FedEx Company 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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