Livforsakringsbolaget Skandia Omsesidigt Purchases New Holdings in FedEx Corporation $FDX

Key Points

• Livforsakringsbolaget Skandia Omsesidigt acquired 21,296 FedEx shares during the second quarter, worth approximately $6.69 million. Institutional investors collectively own 84.47% of FedEx.
• FedEx reported quarterly revenue of $23.26 billion and earnings of $5.88 per share. The company declared a quarterly dividend of $1.22 per share, equivalent to a 1.5% annual yield.
• Analysts maintain a “Moderate Buy” consensus rating with an average price target of $350.54, compared with the stock’s reported opening price of $331.10.

Livforsakringsbolaget Skandia Omsesidigt acquired a new position in FedEx Corporation (NYSE:FDX - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 21,296 shares of the shipping service provider's stock, valued at approximately $6,686,000.

Several other large investors also recently bought and sold shares of FDX. BlackRock Inc. acquired a new stake in shares of FedEx in the second quarter worth approximately $6,508,103,000. State Street Corp raised its stake in FedEx by 4.2% in the 4th 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 purchased a new position in FedEx in the 2nd quarter valued at $2,554,138,000. Franklin Resources Inc. boosted its stake in FedEx by 6.6% during 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 purchasing an additional 318,293 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in FedEx by 0.9% during 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 purchasing an additional 45,818 shares during the last quarter. 84.47% of the stock is currently owned by hedge funds and other institutional investors.

FedEx Stock Down 0.1%

FDX stock opened at $331.10 on Friday. FedEx Corporation has a one year low of $177.05 and a one year high of $345.36. The firm has a market cap of $78.36 billion, a PE ratio of 17.89, a PEG ratio of 1.71 and a beta of 1.30. The firm's 50 day moving average price is $319.32 and its 200-day moving average price is $350.71. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.44 and a current ratio of 1.48.

FedEx (NYSE:FDX - Get Free Report) last posted its earnings results on Tuesday, July 21st. The shipping service provider reported $5.88 earnings per share (EPS) for the quarter. FedEx had a return on equity of 16.49% and a net margin of 4.68%.The company had revenue of $23.26 billion during the quarter. On average, equities research analysts anticipate that FedEx Corporation will post 17.6 EPS for the current year.

FedEx Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages have recently commented on FDX. Truist Financial reduced their target price on shares of FedEx from $425.00 to $365.00 and set a "buy" rating for the company in a research report on Thursday, June 25th. Stephens upgraded shares of FedEx to a "strong-buy" rating in a research report on Wednesday, July 8th. Citigroup started coverage on shares of FedEx in a research note on Wednesday, July 15th. They set an "outperform" rating for the company. Stifel Nicolaus decreased their target price on shares of FedEx from $442.00 to $326.00 and set a "buy" rating on the stock in a research note on Wednesday, June 24th. Finally, BNP Paribas Exane reduced their price objective on FedEx from $335.00 to $269.76 and set a "neutral" rating on the stock in a research report on Tuesday, June 2nd. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $350.54.

FedEx News Roundup

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

Insider Buying and Selling

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

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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