25,711 Shares in FedEx Corporation $FDX Purchased by Quantitative Investment Management LLC

Key Points

• Quantitative Investment Management LLC has invested approximately $6.27 million in FedEx Corporation by purchasing 25,711 shares in the first quarter.
• FedEx's stock faces mixed opinions from analysts, with price targets ranging from $245 to $290 and a consensus rating of "Moderate Buy."
• The company recently announced a $1.45 quarterly dividend with a yield of 2.5%, reflecting a sustainable dividend payout ratio of 34.36%.

Quantitative Investment Management LLC purchased a new stake in shares of FedEx Corporation (NYSE:FDX - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The fund purchased 25,711 shares of the shipping service provider's stock, valued at approximately $6,267,000.

Other institutional investors have also recently modified their holdings of the company. Nuveen LLC purchased a new position in shares of FedEx during the first quarter worth $314,650,000. ACR Alpine Capital Research LLC boosted its stake in shares of FedEx by 85.9% in the first quarter. ACR Alpine Capital Research LLC now owns 1,585,033 shares of the shipping service provider's stock worth $386,399,000 after buying an additional 732,266 shares during the last quarter. GAMMA Investing LLC grew its holdings in FedEx by 18,202.1% during the first quarter. GAMMA Investing LLC now owns 545,586 shares of the shipping service provider's stock worth $133,003,000 after acquiring an additional 542,605 shares during the period. Worldquant Millennium Advisors LLC raised its position in FedEx by 276.1% during the fourth quarter. Worldquant Millennium Advisors LLC now owns 433,789 shares of the shipping service provider's stock valued at $122,038,000 after acquiring an additional 318,448 shares in the last quarter. Finally, Freestone Grove Partners LP purchased a new stake in FedEx in the 4th quarter worth approximately $86,960,000. 84.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director R Brad Martin sold 2,123 shares of the stock in a transaction 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 completion of the transaction, the director directly owned 8,935 shares in the company, valued at approximately $2,160,036.25. This represents a 19.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 of the company's stock, valued at $3,696,592.77. The trade was a 18.88% decrease in their ownership of the stock. 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. 0.53% of the stock is currently owned by company insiders.

FedEx Price Performance

Shares of NYSE FDX traded up $1.01 during mid-day trading on Wednesday, reaching $232.11. The company's stock had a trading volume of 1,083,883 shares, compared to its average volume of 1,874,336. The stock has a market capitalization of $54.77 billion, a P/E ratio of 13.75, a P/E/G ratio of 1.20 and a beta of 1.30. FedEx Corporation has a 1-year low of $194.29 and a 1-year high of $308.53. The stock has a 50-day moving average of $230.24 and a two-hundred day moving average of $230.49. 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 (NYSE:FDX - Get Free Report) last announced its quarterly earnings data on Tuesday, June 24th. The shipping service provider reported $6.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.98 by $0.09. The company had revenue of $22.20 billion during the quarter, compared to analysts' expectations of $21.86 billion. FedEx had a net margin of 4.65% and a return on equity of 16.34%. During the same quarter in the prior year, the company earned $5.41 EPS. FedEx has set its Q1 2026 guidance at 3.400-4.000 EPS. On average, equities research analysts anticipate that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 8th will be issued a dividend of $1.45 per share. The ex-dividend date is Monday, September 8th. This represents a $5.80 dividend on an annualized basis and a dividend yield of 2.5%. FedEx's dividend payout ratio (DPR) is currently 34.36%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on FDX. Raymond James Financial reaffirmed an "outperform" rating and set a $260.00 target price (down from $275.00) on shares of FedEx in a report on Wednesday, June 25th. BNP Paribas Exane upgraded shares of FedEx from an "underperform" rating to an "outperform" rating and set a $270.00 price target on the stock in a research report on Thursday, July 3rd. Susquehanna upped their price objective on shares of FedEx from $290.00 to $295.00 and gave the stock a "positive" rating in a research report on Wednesday, June 25th. JPMorgan Chase & Co. increased their target price on shares of FedEx from $260.00 to $290.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 25th. Finally, Wall Street Zen lowered FedEx from a "buy" rating to a "hold" rating in a research note on Saturday, August 16th. One equities research 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 assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $283.13.

FedEx Company 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.