FedEx Corporation $FDX Shares Purchased by Nomura Holdings Inc.

Key Points

• Nomura Holdings Inc. significantly increased its stake in FedEx Corporation by 75.3%, owning 12,987 shares valued at approximately $3.17 million as of the latest SEC filing.
• Several institutional investors have also recently entered into or increased their positions in FedEx, with hedge funds now owning 84.47% of the company's stock.
• FedEx announced a quarterly dividend of $1.45 per share, yielding around 2.5%, to be paid on October 1st to shareholders of record.

Nomura Holdings Inc. boosted its position in FedEx Corporation (NYSE:FDX - Free Report) by 75.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,987 shares of the shipping service provider's stock after buying an additional 5,579 shares during the period. Nomura Holdings Inc.'s holdings in FedEx were worth $3,166,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Abound Financial LLC bought a new stake in FedEx in the 1st quarter valued at about $38,000. Ameriflex Group Inc. bought a new position in FedEx during the fourth quarter valued at about $43,000. WPG Advisers LLC bought a new stake in shares of FedEx in the first quarter valued at $43,000. Cary Street Partners Investment Advisory LLC boosted its holdings in FedEx by 60.7% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 188 shares of the shipping service provider's stock worth $46,000 after buying an additional 71 shares during the period. Finally, SOA Wealth Advisors LLC. lifted its holdings 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 purchasing an additional 94 shares in the last quarter. Institutional investors and hedge funds own 84.47% of the company's stock.

FedEx Stock Performance

Shares of NYSE:FDX traded up $2.15 during midday trading on Friday, hitting $227.43. The company had a trading volume of 1,665,375 shares, compared to its average volume of 1,961,703. The company has a fifty day moving average of $230.76 and a two-hundred day moving average of $229.03. The company has a market cap of $53.66 billion, a price-to-earnings ratio of 13.47, a PEG ratio of 1.17 and a beta of 1.20. FedEx Corporation has a 12-month low of $194.29 and a 12-month high of $308.53. 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 (NYSE:FDX - Get Free Report) last released its earnings results on Tuesday, June 24th. The shipping service provider reported $6.07 EPS 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 firm had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $21.86 billion. During the same quarter in the previous year, the firm earned $5.41 earnings per share. FedEx has set its Q1 2026 guidance at 3.400-4.000 EPS. On average, equities research analysts expect that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 8th will be given a dividend of $1.45 per share. This represents a $5.80 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Monday, September 8th. FedEx's dividend payout ratio (DPR) is 34.36%.

Analyst Upgrades and Downgrades

FDX has been the subject of a number of recent analyst reports. Bank of America reduced their price target on shares of FedEx from $270.00 to $245.00 and set a "buy" rating for the company in a research report on Wednesday, June 25th. Wells Fargo & Company raised their target price on shares of FedEx from $220.00 to $235.00 and gave the stock an "equal weight" rating in a report on Wednesday, June 25th. UBS Group cut their target price on shares of FedEx from $297.00 to $293.00 and set a "buy" rating on the stock in a research note on Thursday, August 28th. Susquehanna raised their target price on shares of FedEx from $290.00 to $295.00 and gave the company a "positive" rating in a research note on Wednesday, June 25th. Finally, Barclays restated an "overweight" rating and issued a $320.00 price target (down previously from $330.00) on shares of FedEx in a research note on Wednesday, June 25th. 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $282.75.

Insider Buying and Selling at FedEx

In other news, Director Paul S. Walsh sold 3,610 shares of the company's stock in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $238.29, for a total value of $860,226.90. Following the completion of the sale, the director owned 15,513 shares of the company's stock, valued at approximately $3,696,592.77. This represents a 18.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director R Brad Martin sold 2,123 shares of the business's stock in a transaction that occurred 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. This trade represents a 19.20% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,343 shares of company stock valued at $2,228,816. Company insiders own 0.53% of the company's stock.

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.