Northwestern Mutual Wealth Management Co. Increases Stock Holdings in FedEx Corporation $FDX

Key Points

• Northwestern Mutual Wealth Management Co. increased its stake in FedEx by 3.6% in Q1, owning a total of 49,255 shares valued at approximately $12 million.
• Several institutional investors recently entered or increased their positions in FedEx, with 84.47% of the stock now owned by such entities.
• Analysts have mixed views on FedEx's stock, with a consensus price target of $283.13 and varying ratings from "Strong Buy" to "Sell".

Northwestern Mutual Wealth Management Co. boosted its position in shares of FedEx Corporation (NYSE:FDX - Free Report) by 3.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 49,255 shares of the shipping service provider's stock after acquiring an additional 1,703 shares during the quarter. Northwestern Mutual Wealth Management Co.'s holdings in FedEx were worth $12,007,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of FDX. Accredited Wealth Management LLC purchased a new position in FedEx during the 4th quarter valued at about $35,000. Abound Financial LLC purchased a new position in FedEx during the 1st quarter valued at about $38,000. Optiver Holding B.V. purchased a new position in FedEx during the 4th quarter valued at about $39,000. Ameriflex Group Inc. purchased a new position in FedEx during the 4th quarter valued at about $43,000. Finally, Cary Street Partners Investment Advisory LLC boosted its holdings 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 during the period. 84.47% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

FDX has been the subject of a number of research analyst reports. BMO Capital Markets lowered their target price on FedEx from $275.00 to $260.00 and set a "market perform" rating for the company in a report on Monday, May 19th. Barclays reaffirmed an "overweight" rating and issued a $320.00 price target (down previously from $330.00) on shares of FedEx in a research report on Wednesday, June 25th. Bank of America reduced their price target on FedEx from $270.00 to $245.00 and set a "buy" rating on the stock in a research report on Wednesday, June 25th. Susquehanna increased their price target on FedEx from $290.00 to $295.00 and gave the company a "positive" rating in a research report on Wednesday, June 25th. Finally, Citigroup reduced their price target on FedEx from $278.00 to $275.00 and set a "buy" rating on the stock in a research report on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $283.13.

FedEx Price Performance

Shares of NYSE FDX opened at $232.9780 on Tuesday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.15 and a current ratio of 1.19. FedEx Corporation has a fifty-two week low of $194.29 and a fifty-two week high of $308.53. The firm has a market capitalization of $54.97 billion, a PE ratio of 13.80, a price-to-earnings-growth ratio of 1.23 and a beta of 1.30. The stock's 50-day simple moving average is $230.07 and its 200-day simple moving average is $230.49.

FedEx (NYSE:FDX - Get Free Report) last issued its 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 return on equity of 16.34% and a net margin of 4.65%.The business had revenue of $22.20 billion for the quarter, compared to analyst estimates of $21.86 billion. During the same quarter last year, the company earned $5.41 EPS. FedEx has set its Q1 2026 guidance at 3.400-4.000 EPS. As a group, equities research analysts forecast 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 2.5%. The ex-dividend date of this dividend is Monday, September 8th. FedEx's dividend payout ratio (DPR) is 34.36%.

Insider Transactions at FedEx

In other news, Director Marvin R. Ellison sold 3,610 shares of the firm's stock in a transaction dated Wednesday, July 9th. The stock was sold at an average price of $236.94, for a total transaction of $855,353.40. Following the sale, the director owned 7,720 shares of the company's stock, valued at approximately $1,829,176.80. This trade represents a 31.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Paul S. Walsh sold 3,610 shares of the firm's stock in a transaction dated Tuesday, July 8th. The stock was sold at an average price of $238.29, for a total value of $860,226.90. Following the sale, the director directly owned 15,513 shares in the company, valued at $3,696,592.77. This trade represents a 18.88% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,343 shares of company stock valued at $2,228,816. Corporate insiders own 8.87% 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.

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