Nykredit A S Takes Position in FedEx Corporation $FDX

Key Points

• Nykredit A S acquired 48,417 FedEx shares during the second quarter, valued at approximately $15.2 million. Institutional investors collectively own 84.47% of FedEx’s outstanding stock.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $358.26, although several firms recently downgraded the stock or lowered their targets.
• FedEx declared a quarterly dividend of $1.22, equivalent to $4.88 annually and a 1.6% yield. Shares opened at $303.97, below their 50-day and 200-day moving averages.

Nykredit A S acquired a new stake in shares of FedEx Corporation (NYSE:FDX - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 48,417 shares of the shipping service provider's stock, valued at approximately $15,161,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of FedEx during the second quarter worth approximately $6,508,103,000. Primecap Management Co. CA purchased a new stake in shares of FedEx in the 2nd quarter valued at $2,554,138,000. Franklin Resources Inc. boosted its stake in shares of FedEx by 6.6% in the 4th quarter. Franklin Resources Inc. now owns 5,133,231 shares of the shipping service provider's stock valued at $1,482,785,000 after purchasing an additional 318,293 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of 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 valued at $1,443,666,000 after purchasing an additional 45,818 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in FedEx by 2.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,630,669 shares of the shipping service provider's stock worth $936,688,000 after purchasing an additional 52,963 shares during the period. Hedge funds and other institutional investors own 84.47% of the company's stock.

Analysts Set New Price Targets

FDX has been the subject of several recent research reports. Rothschild & Co Redburn lowered their price target on shares of FedEx from $375.00 to $344.00 and set a "neutral" rating for the company in a research note on Tuesday, June 2nd. Sanford C. Bernstein set a $397.00 price objective on FedEx in a report on Wednesday, June 24th. Wall Street Zen raised FedEx to a "hold" rating in a research note on Saturday, August 8th. Weiss Ratings cut FedEx from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, September 2nd. Finally, Deutsche Bank Aktiengesellschaft lowered FedEx from a "buy" rating to a "hold" rating in a research report on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $358.26.

Key FedEx News

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: InPost acquisition advances: A FedEx- and Advent International-led consortium secured tenders for 89.81% of Polish parcel-locker operator InPost, clearing a key ownership threshold. The deal could expand FedEx’s European out-of-home delivery network and strengthen its long-term e-commerce capabilities. FedEx, Advent-led consortium secures over 89% of InPost shares in takeover offer
• Positive Sentiment: Potential valuation upside: A discounted-cash-flow analysis argues that FedEx could be approximately 42% undervalued based on expected future cash generation, although that conclusion depends on assumptions about growth, margins and the impact of new trade fees. FedEx Stock Could Be 42% Undervalued On New Import Fees
• Neutral Sentiment: Shareholder proposal: IWP Capital plans to support a proposal asking FedEx’s board to report on risks related to distributing abortion medication and possible Comstock Act enforcement. The vote is scheduled for September 28 and could create additional compliance and reputational considerations, but it is not an immediate earnings catalyst. IWP Capital to Vote FOR FedEx Proposal 6
• Neutral Sentiment: Recent coverage continues to compare FedEx’s dividend profile with UPS, highlighting the stock’s appeal to income investors but offering no new company-specific change to earnings or guidance. UPS vs FedEx: Which Dividend Is Actually Stronger
• Negative Sentiment: New import surcharges raise demand concerns: FedEx is imposing higher fees on U.S. imports from Canada, Europe, China and other markets as peak season approaches. Although the fees may boost revenue per shipment, customers could reduce volumes or shift to competitors, pressuring demand and margins. FedEx levies fees on US imports
• Negative Sentiment: The bankruptcy of Christmas merchandise retailer Gordon Brothers ahead of peak season underscores financial pressure among some shippers and could create a modest risk to FedEx’s retail-related package volumes.

Insider Buying and Selling at FedEx

In other news, Director Paul Walsh sold 5,042 shares of FedEx stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $324.56, for a total value of $1,636,431.52. Following the sale, the director directly owned 16,359 shares in the company, valued at approximately $5,309,477.04. This trade represents a 23.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.65% of the company's stock.

FedEx Price Performance

FDX stock opened at $303.97 on Friday. The stock has a market capitalization of $71.94 billion, a price-to-earnings ratio of 16.42, a PEG ratio of 1.62 and a beta of 1.32. The firm's 50-day moving average price is $318.65 and its two-hundred day moving average price is $344.00. The company has a current ratio of 1.48, a quick ratio of 1.44 and a debt-to-equity ratio of 0.74. FedEx Corporation has a 12-month low of $179.69 and a 12-month high of $345.36.

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 for the quarter. FedEx had a net margin of 4.68% and a return on equity of 16.49%. The company had revenue of $23.26 billion during the quarter. As a group, equities analysts predict that FedEx Corporation will post 17.55 earnings per share for the current year.

FedEx Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Monday, September 14th will be issued a $1.22 dividend. The ex-dividend date is Monday, September 14th. This represents a $4.88 annualized dividend and a yield of 1.6%. FedEx's dividend payout ratio (DPR) is 26.36%.

FedEx Company Profile

FedEx Corporation NYSE: FDX is a global transportation, e-commerce and business services company. Through its operating companies, FedEx provides package delivery, freight transportation, logistics, supply chain management and related services for businesses, governments and consumers.

The company's offerings include time-definite express shipping, ground delivery, less-than-truckload freight transportation, customs and international trade support, warehousing, fulfillment and other logistics solutions.

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