Landscape Capital Management L.L.C. Increases Stock Holdings in FedEx Corporation $FDX

Key Points

• Landscape Capital Management increased its stake in FedEx by 47.4% in Q1, owning 19,568 shares valued at approximately $4.77 million.
• FedEx announced a quarterly dividend of $1.45 per share, representing a 2.5% dividend yield, which will be payable on October 1st.
• Analysts have mixed outlooks on FedEx, with target prices ranging from $245 to $315, and a consensus rating of "Moderate Buy".

Landscape Capital Management L.L.C. increased its stake in FedEx Corporation (NYSE:FDX - Free Report) by 47.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 19,568 shares of the shipping service provider's stock after purchasing an additional 6,297 shares during the period. Landscape Capital Management L.L.C.'s holdings in FedEx were worth $4,770,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Golden State Wealth Management LLC increased its position in shares of FedEx by 21.1% in the first quarter. Golden State Wealth Management LLC now owns 362 shares of the shipping service provider's stock worth $88,000 after purchasing an additional 63 shares during the period. NBC Securities Inc. acquired a new stake in FedEx in the first quarter valued at about $147,000. Farther Finance Advisors LLC boosted its stake in FedEx by 27.6% in the first quarter. Farther Finance Advisors LLC now owns 2,223 shares of the shipping service provider's stock valued at $538,000 after buying an additional 481 shares in the last quarter. Parvin Asset Management LLC acquired a new stake in FedEx in the fourth quarter valued at about $281,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in FedEx by 6.1% in the first quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 160,596 shares of the shipping service provider's stock valued at $39,150,000 after buying an additional 9,216 shares in the last quarter. Institutional investors own 84.47% of the company's stock.

Analyst Ratings Changes

FDX has been the topic of several research analyst reports. Dbs Bank raised FedEx from a "hold" rating to a "moderate buy" rating in a research note on Thursday, August 21st. Truist Financial reaffirmed a "buy" rating and issued a $275.00 price objective on shares of FedEx in a research note on Wednesday, June 25th. Bank of America dropped their target price on FedEx from $270.00 to $245.00 and set a "buy" rating for the company in a research report on Wednesday, June 25th. BNP Paribas Exane upgraded FedEx from an "underperform" rating to an "outperform" rating and set a $270.00 target price for the company in a research report on Thursday, July 3rd. Finally, Cowen reiterated a "buy" rating on shares of FedEx in a research report on Wednesday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $282.96.

FedEx Trading Down 0.1%

Shares of FedEx stock traded down $0.31 during midday trading on Monday, reaching $230.96. The company had a trading volume of 1,485,470 shares, compared to its average volume of 1,666,445. The stock has a fifty day moving average price of $230.69 and a 200 day moving average price of $229.65. 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 firm has a market cap of $54.49 billion, a PE ratio of 13.68, a P/E/G ratio of 1.20 and a beta of 1.20. FedEx Corporation has a fifty-two week low of $194.29 and a fifty-two week high of $308.53.

FedEx (NYSE:FDX - Get Free Report) last issued its earnings results on Tuesday, June 24th. The shipping service provider reported $6.07 earnings per share for the quarter, topping analysts' consensus estimates of $5.98 by $0.09. The business had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $21.86 billion. FedEx had a return on equity of 16.34% and a net margin of 4.65%.During the same period in the previous year, the company posted $5.41 earnings per share. FedEx has set its Q1 2026 guidance at 3.400-4.000 EPS. On average, equities analysts anticipate that FedEx Corporation will post 19.14 earnings per share for the current year.

FedEx Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 8th will be issued a $1.45 dividend. This represents a $5.80 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Monday, September 8th. FedEx's payout ratio is presently 34.36%.

Insiders Place Their Bets

In other FedEx news, 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 value of $860,226.90. Following the completion of the sale, the director directly owned 15,513 shares in the company, valued at approximately $3,696,592.77. The trade was a 18.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director R Brad Martin sold 2,123 shares of the firm's stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $241.75, for a total value of $513,235.25. Following the completion of the sale, the director directly owned 8,935 shares of the company's stock, valued at $2,160,036.25. This trade represents a 19.20% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 9,343 shares of company stock worth $2,228,816. 0.53% of the stock is owned by corporate insiders.

FedEx Company 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.