FedEx Corporation $FDX Shares Bought by Korea Investment CORP

Key Points

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Korea Investment CORP grew its holdings in FedEx Corporation (NYSE:FDX - Free Report) by 31.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 216,706 shares of the shipping service provider's stock after purchasing an additional 52,273 shares during the quarter. Korea Investment CORP owned about 0.09% of FedEx worth $52,829,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of FDX. Nuveen LLC purchased a new position in FedEx in the 1st quarter worth approximately $314,650,000. ACR Alpine Capital Research LLC lifted its stake in FedEx by 85.9% in the 1st quarter. ACR Alpine Capital Research LLC now owns 1,585,033 shares of the shipping service provider's stock worth $386,399,000 after purchasing an additional 732,266 shares in the last quarter. GAMMA Investing LLC lifted its stake in FedEx by 18,202.1% in the 1st quarter. GAMMA Investing LLC now owns 545,586 shares of the shipping service provider's stock worth $133,003,000 after purchasing an additional 542,605 shares in the last quarter. Capital Research Global Investors purchased a new position in FedEx in the 4th quarter worth approximately $145,733,000. Finally, Worldquant Millennium Advisors LLC lifted its stake in FedEx by 276.1% in the 4th quarter. Worldquant Millennium Advisors LLC now owns 433,789 shares of the shipping service provider's stock worth $122,038,000 after purchasing an additional 318,448 shares in the last quarter. 84.47% of the stock is owned by hedge funds and other institutional investors.

FedEx Trading Up 4.8%

NYSE FDX traded up $10.9110 on Friday, reaching $236.1910. The stock had a trading volume of 1,749,766 shares, compared to its average volume of 1,901,417. The firm has a market capitalization of $55.73 billion, a price-to-earnings ratio of 13.99, a P/E/G ratio of 1.17 and a beta of 1.30. The company has a quick ratio of 1.15, a current ratio of 1.19 and a debt-to-equity ratio of 0.68. 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 $229.94 and a two-hundred day moving average price of $230.99.

FedEx (NYSE:FDX - Get Free Report) last announced its earnings results on Tuesday, June 24th. The shipping service provider reported $6.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.98 by $0.09. The company had revenue of $22.20 billion for the quarter, compared to analyst estimates of $21.86 billion. FedEx had a return on equity of 16.34% and a net margin of 4.65%.During the same quarter in the previous year, the company earned $5.41 earnings per share. FedEx has set its Q1 2026 guidance at 3.400-4.000 EPS. As a group, sell-side analysts forecast that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Announces Dividend

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

Insiders Place Their Bets

In related news, Director Paul S. Walsh sold 3,610 shares of the business's stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $238.29, for a total transaction of $860,226.90. Following the completion of the transaction, the director 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 is accessible through the SEC website. Also, Director R Brad Martin sold 2,123 shares of the business's stock in a transaction on Monday, July 7th. The stock was sold at an average price of $241.75, for a total transaction of $513,235.25. Following the transaction, the director owned 8,935 shares of the company's stock, valued at approximately $2,160,036.25. The trade was 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 worth $2,228,816 over the last 90 days. Corporate insiders own 8.87% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on FDX shares. Susquehanna lifted their price target on shares of FedEx from $290.00 to $295.00 and gave the company a "positive" rating in a research report on Wednesday, June 25th. Sanford C. Bernstein reduced their price target on shares of FedEx from $282.00 to $249.00 and set a "market perform" rating on the stock in a research report on Friday, June 13th. BMO Capital Markets reduced their price target on shares of FedEx from $275.00 to $260.00 and set a "market perform" rating on the stock in a research report on Monday, May 19th. Wall Street Zen lowered shares of FedEx from a "buy" rating to a "hold" rating in a research report on Saturday, August 16th. Finally, Stifel Nicolaus set a $315.00 price target on shares of FedEx in a research report on Wednesday, June 25th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $283.13.

FedEx 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.