Kovitz Investment Group Partners LLC Grows Position in FedEx Corporation $FDX

Key Points

• Kovitz Investment Group Partners LLC increased its holdings in FedEx Corporation by 105.5% during the first quarter, bringing its total shares to 68,676 valued at approximately $16.7 million.
• FedEx reported $6.07 earnings per share for the last quarter, exceeding analysts' estimates of $5.98, alongside a revenue of $22.2 billion.
• The company recently announced a quarterly dividend of $1.45 per share, with a payout ratio of 34.36% and an annualized yield of 2.5%.

Kovitz Investment Group Partners LLC lifted its stake in shares of FedEx Corporation (NYSE:FDX - Free Report) by 105.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 68,676 shares of the shipping service provider's stock after purchasing an additional 35,251 shares during the period. Kovitz Investment Group Partners LLC's holdings in FedEx were worth $16,742,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of FDX. Vanguard Group Inc. grew its position in 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 acquiring an additional 289,655 shares in the last quarter. Invesco Ltd. grew its position in 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 acquiring an additional 43,989 shares in the last quarter. Northern Trust Corp lifted its stake in FedEx by 13.1% in the fourth quarter. Northern Trust Corp now owns 2,357,017 shares of the shipping service provider's stock worth $663,100,000 after purchasing an additional 273,478 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in FedEx by 0.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,192,801 shares of the shipping service provider's stock worth $616,892,000 after purchasing an additional 19,795 shares during the last quarter. Finally, ACR Alpine Capital Research LLC lifted its stake in 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 purchasing an additional 732,266 shares during the last quarter. Hedge funds and other institutional investors own 84.47% of the company's stock.

FedEx Stock Performance

FedEx stock traded up $4.6020 during midday trading on Tuesday, reaching $232.3220. 868,880 shares of the company traded hands, compared to its average volume of 1,987,620. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.19 and a quick ratio of 1.15. FedEx Corporation has a 12 month low of $194.29 and a 12 month high of $308.53. The firm has a market capitalization of $54.80 billion, a price-to-earnings ratio of 13.78, a price-to-earnings-growth ratio of 1.18 and a beta of 1.30. The business has a 50 day moving average of $229.52 and a two-hundred day moving average of $231.27.

FedEx (NYSE:FDX - Get Free Report) last released its quarterly earnings results 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 net margin of 4.65% and a return on equity of 16.34%. The business had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $21.86 billion. During the same period last year, the firm earned $5.41 earnings per share. FedEx has set its Q1 2026 guidance at 3.400-4.000 EPS. As a group, research analysts predict that FedEx Corporation will post 19.14 earnings per share for the current year.

FedEx Announces Dividend

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

Insider Activity at FedEx

In other FedEx news, Director Marvin R. Ellison sold 3,610 shares of FedEx stock in a transaction on Wednesday, July 9th. The shares were sold at an average price of $236.94, for a total value of $855,353.40. Following the completion of the transaction, the director directly owned 7,720 shares of the company's stock, valued at $1,829,176.80. This trade represents a 31.86% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director R Brad Martin sold 2,123 shares of FedEx stock in a transaction dated 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 directly owned 8,935 shares of the company's stock, valued at approximately $2,160,036.25. This represents a 19.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,343 shares of company stock valued at $2,228,816. Corporate insiders own 8.87% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. BNP Paribas Exane raised shares of FedEx from an "underperform" rating to an "outperform" rating and set a $270.00 price objective for the company in a research note on Thursday, July 3rd. BMO Capital Markets lowered their price objective on shares of FedEx from $275.00 to $260.00 and set a "market perform" rating for the company in a research note on Monday, May 19th. Bank of America lowered their price objective on shares of FedEx from $270.00 to $245.00 and set a "buy" rating for the company in a research note on Wednesday, June 25th. Sanford C. Bernstein lowered their price objective on shares of FedEx from $282.00 to $249.00 and set a "market perform" rating for the company in a research note on Friday, June 13th. Finally, Wall Street Zen downgraded shares of FedEx from a "buy" rating to a "hold" rating in a research note on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, FedEx has an average rating of "Moderate Buy" and an average price target of $283.13.

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.