FedEx Corporation $FDX Stock: Nisa Investment Advisors LLC Decreases Holdings

Key Points

• Nisa Investment Advisors reduced its FedEx position by 8.2% in the third quarter, selling 6,335 shares and retaining 71,125 shares worth approximately $20.36 million. Institutional investors collectively own 84.47% of FedEx.
• Analyst sentiment remains favorable, with a consensus rating of “Moderate Buy” and an average price target of $354.64, despite some target reductions and rating changes.
• FedEx shares opened at $298.42, while the company maintains a quarterly dividend of $1.22, equivalent to an annualized $4.88 payout and a 1.6% yield. Investors are also watching the company’s first earnings report following the FedEx Freight separation.

Nisa Investment Advisors LLC decreased its holdings in shares of FedEx Corporation (NYSE:FDX - Free Report) by 8.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 71,125 shares of the shipping service provider's stock after selling 6,335 shares during the period. Nisa Investment Advisors LLC's holdings in FedEx were worth $20,360,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. OMERS ADMINISTRATION Corp lifted its holdings in shares of FedEx by 104.9% during the first quarter. OMERS ADMINISTRATION Corp now owns 17,319 shares of the shipping service provider's stock worth $6,169,000 after purchasing an additional 8,868 shares during the period. First Nebraska Trust Co purchased a new position in FedEx in the 1st quarter valued at $10,675,000. NewEdge Advisors LLC increased its stake in FedEx by 74.1% in the 2nd quarter. NewEdge Advisors LLC now owns 34,354 shares of the shipping service provider's stock valued at $10,757,000 after buying an additional 14,624 shares during the period. Louisiana State Employees Retirement System acquired a new position in FedEx in the 1st quarter valued at $3,918,000. Finally, Archer Investment Corp acquired a new position in FedEx in the 2nd quarter valued at $1,147,000. Hedge funds and other institutional investors own 84.47% of the company's stock.

Analysts Set New Price Targets

FDX has been the subject of a number of analyst reports. Stephens upgraded shares of FedEx to a "strong-buy" rating in a research report on Wednesday, July 8th. Weiss Ratings downgraded shares of FedEx from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, September 2nd. Bank of America reiterated a "buy" rating and set a $140.00 price target on shares of FedEx in a research note on Tuesday, September 29th. TD Cowen dropped their price target on shares of FedEx from $426.00 to $354.00 in a research note on Wednesday, June 24th. Finally, BMO Capital Markets reissued a "market perform" rating on shares of FedEx in a report on Wednesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $354.64.

FedEx News Summary

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: Raymond James raised its price target for FedEx to $340, signaling that the analyst sees potential upside as the streamlined company works to improve earnings after separating FedEx Freight. Raymond James raises FedEx price target
• Positive Sentiment: FedEx extended its infrastructure-software agreement with Broadcom. The partnership is intended to optimize FedEx’s global digital infrastructure, which could support network efficiency and long-term technology investments, although the immediate earnings impact is unclear. Broadcom announces continued infrastructure agreement with FedEx
• Neutral Sentiment: FedEx is scheduled to report results after the market closes next Wednesday, its first report since the freight separation and shift to a calendar-year reporting schedule. Investors will focus on whether the leaner structure is translating into stronger earnings and guidance. FedEx is leaner after its freight spin
• Neutral Sentiment: The former freight division, now separately traded as FedEx Freight, is generating more revenue per shipment despite declining volumes. Its results may provide context on the logistics market, but they no longer directly flow into FedEx’s reported results. FedEx Freight shipment and margin outlook
• Negative Sentiment: A FedEx truck robbery involving nearly $1 million of collectible Pokémon and sports cards could create limited claims costs and reputational concerns, though the incident is unlikely to materially affect FedEx’s overall financial results. Collectible cards stolen from FedEx truck

FedEx Stock Down 0.1%

FedEx stock opened at $298.42 on Thursday. The stock's 50 day moving average price is $307.79 and its 200 day moving average price is $332.80. FedEx Corporation has a 1-year low of $187.62 and a 1-year high of $345.36. The company has a market cap of $70.63 billion, a PE ratio of 14.78, a price-to-earnings-growth ratio of 1.53 and a beta of 1.28. 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 (NYSE:FDX - Get Free Report) last released its quarterly earnings data on Tuesday, July 21st. The shipping service provider reported $5.88 earnings per share (EPS) for the quarter. FedEx had a return on equity of 16.49% and a net margin of 4.68%. The firm had revenue of $23.26 billion during the quarter. On average, sell-side analysts predict that FedEx Corporation will post 18.27 EPS for the current fiscal year.

FedEx Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Monday, September 14th were paid a $1.22 dividend. The ex-dividend date was Monday, September 14th. This represents a $4.88 annualized dividend and a dividend yield of 1.6%. FedEx's dividend payout ratio (DPR) is 26.36%.

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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