FedEx Corporation $FDX Stake Boosted by Rakuten Investment Management Inc.

Key Points

• Rakuten Investment Management increased its FedEx stake by 9.6% in the third quarter, adding 3,441 shares to hold 39,414 shares valued at about $11.33 million.
• Institutional investors own 84.47% of FedEx. Analysts’ consensus is “Moderate Buy,” with an average price target of $359.16.
• FedEx reported quarterly earnings of $3.74 per share, beating the $3.34 estimate, and revenue of $22.93 billion, up 12.3% year over year.

Rakuten Investment Management Inc. increased its stake in FedEx Corporation (NYSE:FDX - Free Report) by 9.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,414 shares of the shipping service provider's stock after buying an additional 3,441 shares during the period. Rakuten Investment Management Inc.'s holdings in FedEx were worth $11,330,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of FDX. MFG Investments LLC purchased a new stake in FedEx in the third quarter worth $268,000. Third View Private Wealth LLC lifted its position in FedEx by 16.6% during the third quarter. Third View Private Wealth LLC now owns 1,033 shares of the shipping service provider's stock valued at $294,000 after buying an additional 147 shares during the period. Provenance Wealth Advisors LLC purchased a new position in FedEx during the third quarter valued at $1,185,000. Putney Financial Group LLC bought a new stake in shares of FedEx during the 3rd quarter valued at $25,000. Finally, Integrity Alliance LLC. boosted its holdings in shares of FedEx by 18.1% during the 3rd quarter. Integrity Alliance LLC. now owns 7,257 shares of the shipping service provider's stock valued at $2,069,000 after buying an additional 1,112 shares in the last quarter. 84.47% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Truist Financial decreased their price target on shares of FedEx from $365.00 to $350.00 and set a "buy" rating for the company in a research note on Wednesday, October 7th. Citigroup boosted their price objective on shares of FedEx from $373.00 to $374.00 and gave the stock a "buy" rating in a research note on Monday. Bank of America cut their price objective on shares of FedEx from $378.00 to $359.00 and set a "buy" rating on the stock in a report on Tuesday, October 27th. Citizens Jmp assumed coverage on shares of FedEx in a research note on Wednesday, July 15th. They set a "market outperform" rating and a $375.00 target price for the company. Finally, UBS Group reiterated a "hold" rating on shares of FedEx in a report on Friday, October 30th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, FedEx has a consensus rating of "Moderate Buy" and a consensus price target of $359.16.

FedEx News Summary

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: Jim Cramer praised FedEx’s rebound, calling its move “very nice,” adding a favorable public endorsement. Jim Cramer Recommends FedEx
• Positive Sentiment: Citigroup reportedly sees potential for significant appreciation in FDX, reinforcing the positive analyst outlook. Citigroup Forecasts Strong Price Appreciation for FedEx
• Positive Sentiment: FedEx says dedicated logistics teams have helped win contracts serving aerospace and automotive customers, including shipments of aircraft engines and auto parts. Those specialized, potentially higher-value services could support growth beyond traditional parcel delivery. FedEx uses dedicated logistics teams to win aerospace, automotive business
• Positive Sentiment: A report says FedEx’s customer base is shifting and its latest quarter indicates the strategy is working. Separately, its latest results beat estimates: earnings were $3.74 per share versus a $3.34 consensus, while revenue reached $22.93 billion. FedEx CEO is seeing a shift in its customer base
• Positive Sentiment: FedEx plans to extend its Network 2.0 integration to Los Angeles and other markets after completing it in locations including Dallas and San Francisco. The restructuring could improve network efficiency, though the rollout continues into 2027. FedEx Network 2.0 headed to Los Angeles, other markets post-holidays
• Neutral Sentiment: FedEx gained but underperformed some competitors, suggesting its move was not as strong as peers’. FedEx Corp. stock underperforms Wednesday when compared to competitors despite daily gains
• Negative Sentiment: EVP Gina Adams sold 3,014 shares, reducing her direct holdings by about 24%. Insider sales can weigh on sentiment, although the transaction alone does not establish a negative outlook. FedEx insider Gina Adams sells 3,014 shares

Insider Activity at FedEx

In related news, EVP Gina F. Adams sold 3,014 shares of the business's stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $317.06, for a total value of $955,618.84. Following the completion of the transaction, the executive vice president directly owned 9,656 shares in the company, valued at $3,061,531.36. The trade was a 23.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Tracy B. Brightman sold 26,611 shares of the company's stock in a transaction that occurred on Friday, October 30th. The shares were sold at an average price of $316.68, for a total value of $8,427,171.48. Following the completion of the transaction, the executive vice president directly owned 12,245 shares in the company, valued at $3,877,746.60. This trade represents a 68.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.65% of the company's stock.

FedEx Price Performance

FDX opened at $329.47 on Thursday. The firm has a market cap of $77.16 billion, a PE ratio of 20.26, a P/E/G ratio of 1.28 and a beta of 1.27. The stock has a 50-day moving average price of $303.77 and a 200-day moving average price of $337.29. FedEx Corporation has a 1 year low of $200.20 and a 1 year high of $345.36. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.33 and a quick ratio of 1.29.

FedEx (NYSE:FDX - Get Free Report) last announced its quarterly earnings data on Wednesday, October 28th. The shipping service provider reported $3.74 EPS for the quarter, beating the consensus estimate of $3.34 by $0.40. The company had revenue of $22.93 billion for the quarter, compared to the consensus estimate of $22.73 billion. FedEx had a net margin of 4.09% and a return on equity of 15.53%. FedEx's revenue for the quarter was up 12.3% on a year-over-year basis. During the same period in the prior year, the firm posted $3.83 EPS. Sell-side analysts predict that FedEx Corporation will post 18.29 earnings per share for the current fiscal year.

FedEx Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Monday, September 14th were paid a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Monday, September 14th. FedEx's dividend payout ratio is currently 30.01%.

FedEx Company Profile

FedEx Corporation NYSE: FDX is a global transportation, e-commerce and business services company headquartered in Memphis, Tennessee. Through its operating companies, FedEx provides time-definite express delivery, ground shipping, freight transportation, customs brokerage, logistics and supply chain services for businesses, governments and consumers.

The company's services include domestic and international package delivery, less-than-truckload freight transportation, warehousing, fulfillment, supply chain management and specialized logistics solutions.

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