2,579 Shares in FedEx Corporation $FDX Acquired by Sivia Capital Partners LLC

Key Points

• Sivia Capital Partners LLC purchased 2,579 shares of FedEx Corporation, valued at approximately $586,000, during the second quarter.
• FedEx's recent quarterly earnings report showed an earnings per share (EPS) of $6.07, beating analyst estimates and generating $22.20 billion in revenue.
• The company declared a quarterly dividend of $1.45 per share, with an annualized yield of 2.5%, which will be paid on October 1st.

Sivia Capital Partners LLC purchased a new stake in FedEx Corporation (NYSE:FDX - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 2,579 shares of the shipping service provider's stock, valued at approximately $586,000.

Several other large investors have also added to or reduced their stakes in the business. Pines Wealth Management LLC boosted its holdings in FedEx by 15.7% during the second quarter. Pines Wealth Management LLC now owns 8,970 shares of the shipping service provider's stock worth $2,164,000 after purchasing an additional 1,214 shares during the last quarter. Pallas Capital Advisors LLC bought a new stake in FedEx during the second quarter worth $1,198,000. Westbourne Investments Inc. raised its position in FedEx by 391.2% during the second quarter. Westbourne Investments Inc. now owns 8,842 shares of the shipping service provider's stock worth $2,010,000 after acquiring an additional 7,042 shares in the last quarter. Aaron Wealth Advisors LLC raised its position in FedEx by 8.3% during the second quarter. Aaron Wealth Advisors LLC now owns 2,031 shares of the shipping service provider's stock worth $462,000 after acquiring an additional 156 shares in the last quarter. Finally, Hardin Capital Partners LLC bought a new stake in FedEx during the second quarter worth $205,000. Institutional investors and hedge funds own 84.47% of the company's stock.

Insiders Place Their Bets

In other news, Director Marvin R. Ellison sold 3,610 shares of the firm's stock in a transaction that occurred on Wednesday, July 9th. The shares were sold at an average price of $236.94, for a total value of $855,353.40. Following the sale, the director directly owned 7,720 shares in the company, valued at approximately $1,829,176.80. This trade represents a 31.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Paul S. Walsh sold 3,610 shares of the firm'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 transaction of $860,226.90. Following the completion of the sale, the director owned 15,513 shares in the company, valued at approximately $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. Insiders have sold 9,343 shares of company stock worth $2,228,816 over the last ninety days. Corporate insiders own 0.53% of the company's stock.

FedEx Stock Performance

NYSE:FDX traded up $5.60 during mid-day trading on Friday, reaching $232.10. 8,378,809 shares of the company's stock were exchanged, compared to its average volume of 1,900,524. FedEx Corporation has a one year low of $194.29 and a one year high of $308.53. The firm has a market capitalization of $54.76 billion, a PE ratio of 13.55, a price-to-earnings-growth ratio of 1.28 and a beta of 1.20. The business's fifty day simple moving average is $228.92 and its two-hundred day simple moving average is $226.73. 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 released its quarterly earnings results on Thursday, September 18th. The shipping service provider reported $3.83 EPS for the quarter, topping analysts' consensus estimates of $3.71 by $0.12. FedEx had a net margin of 4.65% and a return on equity of 16.43%. The business had revenue of $22.20 billion for the quarter, compared to analyst estimates of $21.74 billion. During the same period last year, the firm earned $3.60 earnings per share. FedEx's revenue for the quarter was up 3.1% compared to the same quarter last year. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. Analysts anticipate that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Announces Dividend

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

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Cowen reaffirmed a "buy" rating on shares of FedEx in a research report on Wednesday, June 25th. Raymond James Financial reaffirmed an "outperform" rating and set a $255.00 price target on shares of FedEx in a research report on Thursday. Jefferies Financial Group increased their price objective on shares of FedEx from $275.00 to $280.00 and gave the company a "buy" rating in a research report on Friday. Sanford C. Bernstein dropped their price objective on shares of FedEx from $249.00 to $247.00 and set a "market perform" rating on the stock in a research report on Tuesday. Finally, TD Cowen increased their price objective on shares of FedEx from $269.00 to $271.00 and gave the company a "buy" rating in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $278.08.

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.