FedEx Corporation $FDX Shares Purchased by Tidal Investments LLC

Key Points

• Tidal Investments increased its FedEx stake by 9.8% in the second quarter, purchasing 4,340 additional shares and bringing its holdings to 48,662 shares valued at approximately $15.2 million. Institutional investors collectively own 84.47% of FedEx.
• FedEx is scheduled to report quarterly earnings, making demand, margins, cost controls, and management guidance key near-term catalysts. Analysts remain moderately bullish overall, with a consensus price target of $355.17, though recent targets have varied significantly.
• FedEx announced a quarterly dividend of $1.22 per share, equivalent to $4.88 annually and a 1.6% yield. The company also launched digital tools for international shipping, while a director’s sale of 5,042 shares provides a counterpoint to the broader institutional buying.

Tidal Investments LLC lifted its holdings in FedEx Corporation (NYSE:FDX - Free Report) by 9.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,662 shares of the shipping service provider's stock after purchasing an additional 4,340 shares during the period. Tidal Investments LLC's holdings in FedEx were worth $15,238,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Brighton Jones LLC grew its stake in FedEx by 12.8% in the 4th quarter. Brighton Jones LLC now owns 1,825 shares of the shipping service provider's stock valued at $514,000 after acquiring an additional 207 shares during the period. Empowered Funds LLC raised its position in FedEx by 78.9% during the first quarter. Empowered Funds LLC now owns 10,311 shares of the shipping service provider's stock worth $2,514,000 after acquiring an additional 4,548 shares during the period. Sivia Capital Partners LLC acquired a new position in FedEx during the second quarter worth $586,000. Quantbot Technologies LP purchased a new position in FedEx during the second quarter valued at $186,000. Finally, Jump Financial LLC purchased a new position in FedEx during the second quarter valued at $456,000. Institutional investors and hedge funds own 84.47% of the company's stock.

FedEx News Summary

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: FedEx launched Global Trade Navigator, a suite of digital tools that helps businesses plan international shipments, estimate duties and taxes, manage customs requirements, use APIs, and display import costs through Shopify. The offering could reduce shipping friction, improve customer transparency, and strengthen FedEx’s value proposition for international commerce. FedEx Enhances Global Trade With New Digital Shipping Tools
• Positive Sentiment: FedEx has outperformed other logistics and supply-chain stocks over the past year, while analysts remain moderately bullish on its outlook. Evercore ISI also raised its price target to $350 from $323, although it maintained an “In Line” rating. How Is FedEx’s Stock Performance Compared to Other Logistics Stocks
• Neutral Sentiment: FedEx is scheduled to report quarterly earnings on Thursday. The report may provide an important catalyst as investors assess demand, margins, cost controls, and management’s outlook. FedEx to Post Quarterly Earnings on Thursday
• Neutral Sentiment: FedEx’s Asia Pacific, Middle East, India and Africa technology chief is leaving to become DFDS’s chief digital and information officer. The leadership change appears limited in immediate financial impact, but it may draw attention to FedEx’s technology execution. DFDS Appoints New Chief Digital and Information Officer
• Negative Sentiment: JPMorgan lowered its expectations for FedEx’s stock price, creating a counterweight to Evercore’s more optimistic target increase. The differing views highlight uncertainty ahead of earnings. JPMorgan Chase Lowers Expectations for FedEx Stock Price

Insider Buying and Selling

In other news, Director Paul Walsh sold 5,042 shares of the company's stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $324.56, for a total value of $1,636,431.52. Following the transaction, the director owned 16,359 shares of the company's stock, valued at $5,309,477.04. This represents a 23.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.65% of the stock is owned by corporate insiders.

FedEx Stock Performance

FedEx stock opened at $311.35 on Friday. The firm has a 50 day simple moving average of $319.19 and a 200-day simple moving average of $347.01. The stock has a market cap of $73.69 billion, a price-to-earnings ratio of 16.82, a price-to-earnings-growth ratio of 1.65 and a beta of 1.32. 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 1-year low of $177.86 and a 1-year high of $345.36.

FedEx (NYSE:FDX - Get Free Report) last released its quarterly earnings results on Tuesday, July 21st. The shipping service provider reported $5.88 EPS for the quarter. FedEx had a net margin of 4.68% and a return on equity of 16.49%. The firm had revenue of $23.26 billion for the quarter. On average, analysts expect that FedEx Corporation will post 17.55 EPS for the current year.

FedEx Announces Dividend

The firm also recently announced 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 is Monday, September 14th. This represents a $4.88 dividend on an annualized basis and a yield of 1.6%. FedEx's payout ratio is currently 26.36%.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. BNP Paribas Exane cut their target price on shares of FedEx from $335.00 to $269.76 and set a "neutral" rating for the company in a research note on Tuesday, June 2nd. JPMorgan Chase & Co. decreased their price target on shares of FedEx from $460.00 to $400.00 and set an "overweight" rating on the stock in a research note on Tuesday. Stephens upgraded FedEx to a "strong-buy" rating in a report on Wednesday, July 8th. UBS Group cut their price objective on FedEx from $445.00 to $350.00 and set a "buy" rating for the company in a research note on Wednesday, June 24th. Finally, Rothschild & Co Redburn reduced their target price on FedEx from $375.00 to $344.00 and set a "neutral" rating for the company in a report on Tuesday, June 2nd. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $355.17.

FedEx Company Profile

FedEx Corporation NYSE: FDX is a global transportation, e-commerce and business services company. Through its operating companies, FedEx provides package delivery, freight transportation, logistics, supply chain management and related services for businesses, governments and consumers.

The company's offerings include time-definite express shipping, ground delivery, less-than-truckload freight transportation, customs and international trade support, warehousing, fulfillment and other logistics solutions.

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