FedEx Corporation $FDX Stock Position Raised by Ieq Capital LLC

Key Points

• Ieq Capital LLC increased its position in FedEx shares by 8.3%, owning 16,053 shares worth approximately $3.9 million, as per its latest SEC filing.
• FedEx reported earnings of $6.07 per share for the latest quarter, surpassing estimates and achieving revenue of $22.20 billion, which also exceeded expectations.
• The company has declared a quarterly dividend of $1.45 per share, representing a 2.5% yield, with dividends set to be paid on October 1st.

Ieq Capital LLC raised its position in shares of FedEx Corporation (NYSE:FDX - Free Report) by 8.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,053 shares of the shipping service provider's stock after purchasing an additional 1,231 shares during the period. Ieq Capital LLC's holdings in FedEx were worth $3,914,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of FedEx by 1.4% in the first quarter. Vanguard Group Inc. now owns 20,489,161 shares of the shipping service provider's stock worth $4,994,848,000 after buying an additional 289,655 shares during the last quarter. Invesco Ltd. lifted its position in shares of FedEx by 1.4% in the first quarter. Invesco Ltd. now owns 3,264,993 shares of the shipping service provider's stock worth $795,940,000 after buying an additional 43,989 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its position in shares of FedEx by 7.1% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 2,030,687 shares of the shipping service provider's stock worth $495,041,000 after buying an additional 135,290 shares during the last quarter. ACR Alpine Capital Research LLC lifted its position in shares of FedEx by 85.9% in the first quarter. ACR Alpine Capital Research LLC now owns 1,585,033 shares of the shipping service provider's stock worth $386,399,000 after buying an additional 732,266 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of FedEx by 0.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,506,226 shares of the shipping service provider's stock worth $367,188,000 after buying an additional 5,490 shares during the last quarter. 84.47% of the stock is owned by hedge funds and other institutional investors.

FedEx Price Performance

NYSE FDX opened at $230.96 on Friday. FedEx Corporation has a twelve month low of $194.29 and a twelve month high of $308.53. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.15 and a current ratio of 1.19. The stock has a market capitalization of $54.49 billion, a PE ratio of 13.68, a P/E/G ratio of 1.21 and a beta of 1.30. The stock has a 50-day simple moving average of $230.69 and a 200 day simple moving average of $230.11.

FedEx (NYSE:FDX - Get Free Report) last posted its quarterly earnings data on Tuesday, June 24th. The shipping service provider reported $6.07 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $21.86 billion. During the same quarter in the previous year, the firm earned $5.41 EPS. FedEx has set its Q1 2026 guidance at 3.400-4.000 EPS. Research analysts anticipate that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Monday, September 8th. This represents a $5.80 annualized dividend and a yield of 2.5%. FedEx's dividend payout ratio is 34.36%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Stephens reaffirmed an "overweight" rating and issued a $300.00 price target on shares of FedEx in a research report on Tuesday, May 20th. Truist Financial reaffirmed a "buy" rating and issued a $275.00 price target on shares of FedEx in a research report on Wednesday, June 25th. TD Cowen reduced their price target on FedEx from $310.00 to $269.00 and set a "buy" rating for the company in a research report on Wednesday, June 25th. Sanford C. Bernstein reduced their price target on FedEx from $282.00 to $249.00 and set a "market perform" rating for the company in a research report on Friday, June 13th. Finally, Wells Fargo & Company boosted their price target on FedEx from $220.00 to $235.00 and gave the stock an "equal weight" rating in a research report on Wednesday, June 25th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, FedEx presently has an average rating of "Moderate Buy" and an average price target of $282.96.

Insider Buying and Selling at FedEx

In other FedEx news, Director Paul S. Walsh sold 3,610 shares of the company'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 completion of the transaction, the director owned 15,513 shares of the company's stock, valued at $3,696,592.77. This represents a 18.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director R Brad Martin sold 2,123 shares of the company'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 transaction, the director directly owned 8,935 shares of the company's stock, valued at approximately $2,160,036.25. This trade represents a 19.20% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,343 shares of company stock valued at $2,228,816 in the last quarter. Corporate insiders own 0.53% of the company's stock.

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.

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