Jupiter Topco LLC Takes $7.12 Million Position in FedEx Corporation $FDX

Key Points

• Jupiter Topco LLC acquired 22,772 FedEx shares worth approximately $7.12 million during the second quarter. Institutional investors collectively own 84.47% of FedEx, with BlackRock and Primecap also establishing sizable positions.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $350.54, although several firms recently lowered their targets and Deutsche Bank downgraded the stock to “Hold.”
• FedEx reported quarterly earnings of $5.88 per share on $23.26 billion in revenue and declared a quarterly dividend of $1.22 per share, equivalent to a 1.5% yield.

Jupiter Topco LLC bought a new position in FedEx Corporation (NYSE:FDX - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 22,772 shares of the shipping service provider's stock, valued at approximately $7,125,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of FedEx during the 2nd quarter valued at approximately $6,508,103,000. State Street Corp lifted its position in FedEx by 4.2% during the fourth quarter. State Street Corp now owns 9,521,691 shares of the shipping service provider's stock valued at $2,763,824,000 after purchasing an additional 382,848 shares during the last quarter. Primecap Management Co. CA bought a new position in FedEx during the second quarter valued at $2,554,138,000. Franklin Resources Inc. grew its stake in shares of FedEx by 6.6% in the 4th quarter. Franklin Resources Inc. now owns 5,133,231 shares of the shipping service provider's stock worth $1,482,785,000 after buying an additional 318,293 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of FedEx by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 4,985,778 shares of the shipping service provider's stock worth $1,443,666,000 after buying an additional 45,818 shares in the last quarter. 84.47% of the stock is owned by institutional investors.

Insider Buying and Selling at FedEx

In related news, Director Paul S. Walsh sold 5,042 shares of the company's stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $324.56, for a total transaction of $1,636,431.52. Following the completion of the sale, the director directly owned 16,359 shares in the company, valued at $5,309,477.04. This represents a 23.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.65% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on FDX shares. Stifel Nicolaus decreased their price objective on FedEx from $442.00 to $326.00 and set a "buy" rating on the stock in a research report on Wednesday, June 24th. TD Cowen dropped their target price on FedEx from $426.00 to $354.00 in a report on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft downgraded FedEx from a "buy" rating to a "hold" rating in a research report on Wednesday, May 27th. Sanford C. Bernstein set a $397.00 price target on FedEx in a report on Wednesday, June 24th. Finally, UBS Group lowered their price target on FedEx from $445.00 to $350.00 and set a "buy" rating for the company in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, FedEx presently has a consensus rating of "Moderate Buy" and an average price target of $350.54.

FedEx Trading Up 0.1%

Shares of NYSE FDX opened at $331.10 on Monday. The company has a quick ratio of 1.44, a current ratio of 1.48 and a debt-to-equity ratio of 0.74. The business has a fifty day simple moving average of $319.32 and a two-hundred day simple moving average of $350.61. The firm has a market cap of $78.36 billion, a PE ratio of 17.89, a price-to-earnings-growth ratio of 1.70 and a beta of 1.30. FedEx Corporation has a twelve month low of $177.05 and a twelve month high of $345.36.

FedEx (NYSE:FDX - Get Free Report) last announced its quarterly earnings results on Tuesday, July 21st. The shipping service provider reported $5.88 earnings per share for the quarter. The firm had revenue of $23.26 billion during the quarter. FedEx had a net margin of 4.68% and a return on equity of 16.49%. Analysts expect that FedEx Corporation will post 17.6 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Monday, September 14th will be given a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, September 14th. FedEx's payout ratio is presently 26.36%.

FedEx News Summary

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: The U.S. Transportation Command awarded FedEx and United Parcel Service modified defense contracts valued at approximately $2.72 billion each. The agreements run through September 2030 and could provide FedEx with steady, multiyear government revenue. FedEx Corporation is Growing Faster, but Could United Parcel Have More Margin Upside?
• Positive Sentiment: FedEx committed about $400 million to air-cargo hubs in Delhi and Mumbai. The facilities will add more than 500,000 square feet of capacity and position the company to benefit from India’s expected logistics growth. FedEx Commits $400 Million to Indian Air Cargo Growth With Delhi, Mumbai Hubs
• Positive Sentiment: The board declared a quarterly dividend of $1.22 per share. Commentators also argue that FedEx’s growth profile and valuation could offer upside, with Wall Street’s average recommendation remaining bullish, though analyst optimism should be treated cautiously. Following FedEx Dividend and India Hub Plans, Are Shares Below Fair Value?
• Neutral Sentiment: FedEx’s freight separation is prompting investors to compare the standalone freight business with the remaining parcel and logistics company. The transaction may sharpen strategic focus, but the preferred investment depends on execution and the future performance of each stock. FedEx Just Spun Off Its Freight Division. Which Stock Should You Own?
• Neutral Sentiment: FedEx shareholders will vote on three governance proposals, creating a potential near-term corporate-governance catalyst, although the available report does not specify the proposals or their likely effect. FedEx Shareholders Will Vote On Three Governance Proposals
• Negative Sentiment: Investors continue to weigh tariff uncertainty, shifting trade routes and geopolitical disruption. FedEx’s CEO believes supply-chain “reglobalization” could create opportunities, but those conditions can also pressure volumes, costs and margins. The Supply-Chain Savant: How FedEx CEO Raj Subramaniam Leads Through Reglobalization

FedEx Company Profile

FedEx Corporation NYSE: FDX is a global logistics and courier company headquartered in Memphis, Tennessee. Founded by Frederick W. Smith in 1971 and beginning operations in the early 1970s, the company pioneered overnight express shipping and has since expanded into a diversified portfolio of transportation, e-commerce and supply-chain services. FedEx operates an integrated air-and-ground network that moves parcels, freight and documents for businesses and consumers worldwide.

FedEx's core operating segments include express parcel delivery via its FedEx Express division, domestic and residential parcel delivery through FedEx Ground, less-than-truckload (LTL) freight services, and logistics and supply-chain management solutions.

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