FORA Capital LLC Purchases New Position in FedEx Corporation $FDX

Key Points

• FORA Capital LLC has acquired a new stake in FedEx Corporation, purchasing 16,881 shares valued at around $4.1 million during the first quarter.
• Analysts have mixed ratings for FedEx, with one firm raising the target price to $295, while another lowered it to $245, resulting in an average price target of $283.13.
• FedEx recently announced a quarterly dividend of $1.45, signaling a 2.5% yield, with an ex-dividend date set for September 8th.

FORA Capital LLC purchased a new stake in FedEx Corporation (NYSE:FDX - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 16,881 shares of the shipping service provider's stock, valued at approximately $4,115,000.

A number of other large investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings 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 valued at $4,994,848,000 after purchasing an additional 289,655 shares during the period. Invesco Ltd. lifted its holdings in FedEx by 1.4% during 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 period. Northern Trust Corp lifted its holdings in FedEx by 13.1% during the fourth quarter. Northern Trust Corp now owns 2,357,017 shares of the shipping service provider's stock worth $663,100,000 after buying an additional 273,478 shares during the period. Hotchkis & Wiley Capital Management LLC lifted its holdings in FedEx by 7.1% during 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 period. Finally, ACR Alpine Capital Research LLC lifted its holdings in FedEx by 85.9% during 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 period. Hedge funds and other institutional investors own 84.47% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on FDX shares. Susquehanna upped their target price on FedEx from $290.00 to $295.00 and gave the stock a "positive" rating in a report on Wednesday, June 25th. Dbs Bank upgraded FedEx from a "hold" rating to a "moderate buy" rating in a report on Thursday, August 21st. Bank of America lowered their target price on FedEx from $270.00 to $245.00 and set a "buy" rating for the company in a report on Wednesday, June 25th. Wall Street Zen lowered FedEx from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. Finally, Barclays restated an "overweight" rating and set a $320.00 target price (down previously from $330.00) on shares of FedEx in a report on Wednesday, June 25th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given 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, the company has an average rating of "Moderate Buy" and an average price target of $283.13.

FedEx Stock Performance

Shares of FDX opened at $232.9780 on Tuesday. FedEx Corporation has a 12 month low of $194.29 and a 12 month high of $308.53. The stock has a fifty day moving average price of $230.07 and a 200-day moving average price of $230.49. The company has a current ratio of 1.19, a quick ratio of 1.15 and a debt-to-equity ratio of 0.68. The firm has a market cap of $54.97 billion, a PE ratio of 13.80, a P/E/G ratio of 1.23 and a beta of 1.30.

FedEx (NYSE:FDX - Get Free Report) last issued its quarterly earnings data on Tuesday, June 24th. The shipping service provider reported $6.07 EPS for the quarter, beating 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 firm had revenue of $22.20 billion during the quarter, compared to analyst estimates of $21.86 billion. During the same quarter in the prior year, the business posted $5.41 EPS. FedEx has set its Q1 2026 guidance at 3.400-4.000 EPS. Equities research analysts predict that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Announces Dividend

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

Insider Activity at FedEx

In related news, Director R Brad Martin sold 2,123 shares of the company's stock in a transaction on Monday, July 7th. The stock was sold at an average price of $241.75, for a total value of $513,235.25. Following the transaction, the director directly owned 8,935 shares of the company's stock, valued at $2,160,036.25. This represents a 19.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Paul S. Walsh sold 3,610 shares of the company's stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $238.29, for a total value of $860,226.90. Following the completion of the transaction, 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 disclosure for this sale can be found here. Insiders have sold a total of 9,343 shares of company stock valued at $2,228,816 in the last ninety days. Company insiders own 8.87% of the company's stock.

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.

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