Lecap Asset Management Ltd. Acquires New Holdings in FedEx Corporation $FDX

Key Points

• Lecap Asset Management Ltd. acquired a new stake in FedEx Corporation, purchasing 2,534 shares valued at approximately $576,000 in the second quarter.
• FedEx has seen a variety of investment moves from large investors, with institutional ownership at 84.47%, highlighting strong interest in the company.
• Wall Street analysts are optimistic, with several rating upgrades and a consensus target price of $271.67, reflecting growing confidence in FedEx's future performance.

Lecap Asset Management Ltd. bought a new stake in shares of FedEx Corporation (NYSE:FDX - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 2,534 shares of the shipping service provider's stock, valued at approximately $576,000.

Several other large investors also recently made changes to their positions in the company. Abound Financial LLC acquired a new position in shares of FedEx during the first quarter worth approximately $38,000. WPG Advisers LLC bought a new stake in FedEx during the 1st quarter valued at $43,000. Cary Street Partners Investment Advisory LLC raised its stake in FedEx by 60.7% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 188 shares of the shipping service provider's stock valued at $46,000 after acquiring an additional 71 shares in the last quarter. SOA Wealth Advisors LLC. boosted its position in FedEx by 60.6% during the 1st quarter. SOA Wealth Advisors LLC. now owns 249 shares of the shipping service provider's stock worth $61,000 after acquiring an additional 94 shares during the period. Finally, Alpine Bank Wealth Management bought a new position in shares of FedEx in the first quarter worth $65,000. Institutional investors and hedge funds own 84.47% of the company's stock.

Wall Street Analysts Forecast Growth

FDX has been the subject of several research analyst reports. HSBC upped their price objective on shares of FedEx from $230.00 to $235.00 in a report on Friday, September 19th. JPMorgan Chase & Co. reduced their price target on shares of FedEx from $285.00 to $284.00 and set an "overweight" rating for the company in a research note on Friday, September 19th. Raymond James Financial reiterated an "outperform" rating and issued a $255.00 price objective on shares of FedEx in a report on Thursday, September 18th. The Goldman Sachs Group dropped their target price on FedEx from $290.00 to $276.00 and set a "buy" rating on the stock in a report on Friday, September 12th. Finally, Citigroup upped their target price on FedEx from $275.00 to $279.00 and gave the stock a "buy" rating in a research report on Friday, September 19th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, FedEx has an average rating of "Moderate Buy" and a consensus target price of $271.67.

Insiders Place Their Bets

In other news, Director Marvin R. Ellison sold 3,610 shares of FedEx stock in a transaction that occurred 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 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 ownership of the stock. 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 transaction of $513,235.25. Following the completion of the sale, the director 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 worth $2,228,816 over the last ninety days. 0.53% of the stock is currently owned by company insiders.

FedEx Trading Up 1.1%

FedEx stock opened at $242.25 on Friday. FedEx Corporation has a 1 year low of $194.29 and a 1 year high of $308.53. The firm's 50 day moving average price is $229.75 and its two-hundred day moving average price is $226.00. The firm has a market cap of $57.16 billion, a price-to-earnings ratio of 14.14, a price-to-earnings-growth ratio of 1.33 and a beta of 1.28. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.21 and a current ratio of 1.25.

FedEx (NYSE:FDX - Get Free Report) last released its quarterly earnings data on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share for the quarter, topping the consensus estimate of $3.71 by $0.12. The business had revenue of $22.20 billion during the quarter, compared to analyst estimates of $21.74 billion. FedEx had a return on equity of 16.33% and a net margin of 4.65%.The company's revenue was up 3.1% compared to the same quarter last year. During the same period last year, the company posted $3.60 EPS. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. On average, research analysts predict that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Monday, September 8th were paid a dividend of $1.45 per share. The ex-dividend date of this dividend was Monday, September 8th. This represents a $5.80 dividend on an annualized basis and a yield of 2.4%. FedEx's dividend payout ratio is currently 33.86%.

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.

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