FedEx Corporation $FDX Shares Acquired by Norinchukin Bank The

Key Points

• Norinchukin Bank increased its stake in FedEx Corporation by 15.5%, owning 12,662 shares valued at approximately $3.09 million following a purchase of 1,700 shares in the first quarter.
• FedEx reported an earnings per share (EPS) of $6.07 for the last quarter, surpassing analyst expectations, along with a revenue of $22.20 billion.
• The company declared a quarterly dividend of $1.45 per share, equivalent to an annualized dividend of $5.80, translating to a yield of 2.6%.

Norinchukin Bank The boosted its holdings in FedEx Corporation (NYSE:FDX - Free Report) by 15.5% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,662 shares of the shipping service provider's stock after buying an additional 1,700 shares during the quarter. Norinchukin Bank The's holdings in FedEx were worth $3,087,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in FDX. Vanguard Group Inc. grew its stake in shares of FedEx by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 20,489,161 shares of the shipping service provider's stock valued at $4,994,848,000 after acquiring an additional 289,655 shares during the period. Invesco Ltd. grew its stake in shares of FedEx by 1.4% during the 1st quarter. Invesco Ltd. now owns 3,264,993 shares of the shipping service provider's stock valued at $795,940,000 after acquiring an additional 43,989 shares during the period. Northern Trust Corp grew its stake in shares of FedEx by 13.1% during the 4th quarter. Northern Trust Corp now owns 2,357,017 shares of the shipping service provider's stock valued at $663,100,000 after acquiring an additional 273,478 shares during the period. ACR Alpine Capital Research LLC grew its stake in shares of FedEx by 85.9% during the 1st quarter. ACR Alpine Capital Research LLC now owns 1,585,033 shares of the shipping service provider's stock valued at $386,399,000 after acquiring an additional 732,266 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of FedEx by 0.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,506,226 shares of the shipping service provider's stock valued at $367,188,000 after acquiring an additional 5,490 shares during the period. 84.47% of the stock is currently owned by institutional investors.

FedEx Trading Up 0.5%

NYSE:FDX traded up $1.14 during midday trading on Wednesday, hitting $232.24. 394,428 shares of the company traded hands, compared to its average volume of 1,967,394. The firm's fifty day moving average is $230.24 and its 200-day moving average is $230.49. FedEx Corporation has a 12-month low of $194.29 and a 12-month high of $308.53. The firm has a market capitalization of $54.80 billion, a P/E ratio of 13.77, a P/E/G ratio of 1.21 and a beta of 1.30. 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 posted its quarterly earnings results on Tuesday, June 24th. The shipping service provider reported $6.07 earnings per share (EPS) 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 quarter in the prior year, the company earned $5.41 EPS. FedEx has set its Q1 2026 guidance at 3.400-4.000 EPS. On average, sell-side analysts predict that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Announces Dividend

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 paid a $1.45 dividend. This represents a $5.80 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Monday, September 8th. FedEx's dividend payout ratio (DPR) is presently 34.36%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Bank of America dropped their price target on FedEx from $270.00 to $245.00 and set a "buy" rating for the company in a research note on Wednesday, June 25th. Barclays restated an "overweight" rating and issued a $320.00 price target (down from $330.00) on shares of FedEx in a research note on Wednesday, June 25th. BMO Capital Markets dropped their price target on FedEx from $275.00 to $260.00 and set a "market perform" rating for the company in a research note on Monday, May 19th. BNP Paribas Exane upgraded FedEx from an "underperform" rating to an "outperform" rating and set a $270.00 price target for the company in a research note on Thursday, July 3rd. Finally, Truist Financial restated a "buy" rating and issued a $275.00 price target on shares of FedEx in a research note on Wednesday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, nine have assigned 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 target price of $283.13.

Insider Transactions at FedEx

In other FedEx news, Director Paul S. Walsh sold 3,610 shares of the firm's stock in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of $238.29, for a total value of $860,226.90. Following the sale, the director directly owned 15,513 shares of the company's stock, valued at approximately $3,696,592.77. This trade represents a 18.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Marvin R. Ellison sold 3,610 shares of FedEx stock in a transaction that occurred on Wednesday, July 9th. The stock was sold at an average price of $236.94, for a total value of $855,353.40. Following the transaction, the director owned 7,720 shares in the company, valued at approximately $1,829,176.80. The trade was a 31.86% 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 three months. 0.53% of the stock is currently owned by insiders.

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.