QRG Capital Management Inc. Boosts Holdings in FedEx Corporation $FDX

Key Points

• QRG Capital boosted its stake in FedEx by 22.0% in Q4 to 16,068 shares worth $4.64 million, while institutional investors now own about 84.47% of the company.
• FedEx beat quarterly estimates, reporting $5.25 EPS vs. $4.12 expected and $24 billion in revenue (up 8.3% year-over-year), and analysts project roughly $19.72 of EPS for the fiscal year.
• Analysts are broadly positive (average price target around $398.04 with many Buy ratings), but the stock faces sector risks from rising fuel costs and competitive pressure as Amazon expands its logistics network.

QRG Capital Management Inc. increased its stake in FedEx Corporation (NYSE:FDX - Free Report) by 22.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,068 shares of the shipping service provider's stock after buying an additional 2,893 shares during the period. QRG Capital Management Inc.'s holdings in FedEx were worth $4,641,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. New York State Teachers Retirement System increased its stake in shares of FedEx by 2.3% during the third quarter. New York State Teachers Retirement System now owns 207,077 shares of the shipping service provider's stock valued at $48,831,000 after purchasing an additional 4,734 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in FedEx by 11.2% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 34,958 shares of the shipping service provider's stock valued at $8,243,000 after buying an additional 3,514 shares during the last quarter. Savant Capital LLC grew its stake in shares of FedEx by 32.5% in the third quarter. Savant Capital LLC now owns 40,019 shares of the shipping service provider's stock worth $9,437,000 after acquiring an additional 9,806 shares during the last quarter. National Pension Service increased its holdings in shares of FedEx by 3.9% during the third quarter. National Pension Service now owns 633,376 shares of the shipping service provider's stock valued at $149,356,000 after acquiring an additional 23,563 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. purchased a new position in shares of FedEx in the 3rd quarter worth about $171,960,000. Hedge funds and other institutional investors own 84.47% of the company's stock.

FedEx Stock Performance

Shares of NYSE FDX opened at $377.37 on Thursday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.47 and a quick ratio of 1.44. FedEx Corporation has a 1 year low of $213.56 and a 1 year high of $404.03. The firm has a fifty day moving average price of $370.31 and a 200-day moving average price of $322.07. The stock has a market cap of $90.04 billion, a PE ratio of 20.08, a price-to-earnings-growth ratio of 1.38 and a beta of 1.29.

FedEx (NYSE:FDX - Get Free Report) last released its quarterly earnings data on Thursday, March 19th. The shipping service provider reported $5.25 earnings per share for the quarter, topping analysts' consensus estimates of $4.12 by $1.13. FedEx had a return on equity of 16.76% and a net margin of 4.88%.The firm had revenue of $24 billion during the quarter, compared to analyst estimates of $23.44 billion. During the same quarter in the prior year, the company posted $4.51 earnings per share. The business's quarterly revenue was up 8.3% compared to the same quarter last year. Equities analysts anticipate that FedEx Corporation will post 19.72 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Monday, March 9th were issued a dividend of $1.45 per share. This represents a $5.80 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Monday, March 9th. FedEx's dividend payout ratio is 30.87%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Sanford C. Bernstein increased their price target on shares of FedEx from $457.00 to $470.00 and gave the company an "outperform" rating in a report on Thursday, April 9th. Stephens reaffirmed an "overweight" rating and set a $435.00 price target on shares of FedEx in a report on Tuesday, April 14th. Rothschild & Co Redburn increased their price objective on shares of FedEx from $317.00 to $371.00 and gave the company a "neutral" rating in a research report on Tuesday, February 24th. Argus increased their price target on FedEx from $350.00 to $400.00 and gave the company a "buy" rating in a report on Monday, April 6th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $479.00 price objective on shares of FedEx in a research report on Friday, February 13th. Eighteen analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $398.04.

Key Stories Impacting FedEx

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: FedEx expanded its strategic collaboration with ServiceNow to embed FedEx Dataworks logistics intelligence into ServiceNow’s Source-to-Pay and new supply-chain workflows — a revenue/enterprise-software monetization and productivity signal that supports longer-term margin upside. FedEx and ServiceNow expand strategic collaboration with new AI-powered supply-chain solution
• Positive Sentiment: UBS reaffirmed a "buy" rating on FDX, which can attract institutional flows and support the stock amid sector volatility. FedEx receives a buy rating from UBS
• Neutral Sentiment: JRW Realty facilitated the acquisition of a FedEx Ground distribution center in Little Rock — a routine real-estate/ops update that may reflect asset recycling or local footprint optimization but is not material at the company level. JRW Realty Facilitates Acquisition of FedEx Ground Distribution Center in Little Rock
• Neutral Sentiment: FedEx and nonprofit Orbis earned a Halo Award for corporate-nonprofit work — positive PR but unlikely to move fundamentals. FedEx and Orbis Earn "Best of the Best" Halo Award
• Neutral Sentiment: Macro note — the U.S. has started refunding tariffs previously ruled unlawful; broader trade/tariff moves can alter import volumes and freight flows, but impacts on FedEx are indirect and timing is uncertain. Trump Tariff Refunds Start Hitting Importers’ Bank Accounts
• Negative Sentiment: Sector headwinds: multiple reports flag transportation ETFs lagging amid rising fuel costs and Amazon’s push to open and expand its logistics network — a direct competitive threat to legacy carriers that can pressure margins and multiple compression. What's Wrong With Transportation Sector? Buy These ETFs Instead
• Negative Sentiment: Stories that Amazon is opening its logistics network to other businesses have triggered sector selloffs and renewed investor concern that Amazon could siphon parcel volumes. Analysts and funds are parsing the competitive impact on FedEx. UPS, FedEx shares plummet as Amazon opens up logistics network to other businesses

Insider Transactions at FedEx

In related news, EVP Kawal Preet sold 4,900 shares of the company's stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $367.89, for a total transaction of $1,802,661.00. Following the sale, the executive vice president owned 10,953 shares of the company's stock, valued at $4,029,499.17. This represents a 30.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Susan C. Schwab sold 5,795 shares of the business's stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $369.00, for a total value of $2,138,355.00. Following the sale, the director directly owned 10,038 shares in the company, valued at $3,704,022. The trade was a 36.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 48,104 shares of company stock worth $17,599,006. 0.53% of the stock is currently owned by company insiders.

FedEx 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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