Strs Ohio Makes New Investment in FedEx Corporation $FDX

Key Points

• Strs Ohio has made a significant investment in FedEx Corporation, purchasing approximately 263,525 shares valued at about $64.2 million during the first quarter.
• FedEx's stock currently has an average rating of "Moderate Buy" from analysts, with a consensus target price of $282.75.
• The company recently announced a quarterly dividend of $1.45 per share, equating to an annualized dividend yield of 2.6%.

Strs Ohio purchased a new position in shares of FedEx Corporation (NYSE:FDX - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 263,525 shares of the shipping service provider's stock, valued at approximately $64,242,000. Strs Ohio owned 0.11% of FedEx as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Aaron Wealth Advisors LLC boosted its stake in FedEx by 2.6% during the 1st quarter. Aaron Wealth Advisors LLC now owns 1,875 shares of the shipping service provider's stock valued at $457,000 after purchasing an additional 48 shares during the period. SouthState Corp boosted its stake in FedEx by 3.5% during the 1st quarter. SouthState Corp now owns 1,431 shares of the shipping service provider's stock valued at $349,000 after purchasing an additional 48 shares during the period. Benin Management CORP lifted its stake in shares of FedEx by 0.3% in the 1st quarter. Benin Management CORP now owns 16,198 shares of the shipping service provider's stock worth $3,949,000 after acquiring an additional 50 shares during the period. Evanson Asset Management LLC lifted its stake in shares of FedEx by 6.0% in the 1st quarter. Evanson Asset Management LLC now owns 879 shares of the shipping service provider's stock worth $214,000 after acquiring an additional 50 shares during the period. Finally, Hendershot Investments Inc. lifted its stake in shares of FedEx by 4.3% in the 1st quarter. Hendershot Investments Inc. now owns 1,207 shares of the shipping service provider's stock worth $294,000 after acquiring an additional 50 shares during the period. 84.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on FDX. Stephens reissued an "overweight" rating and set a $300.00 target price on shares of FedEx in a research note on Tuesday, May 20th. Susquehanna boosted their price target on shares of FedEx from $290.00 to $295.00 and gave the company a "positive" rating in a report on Wednesday, June 25th. Wells Fargo & Company boosted their price target on shares of FedEx from $220.00 to $235.00 and gave the company an "equal weight" rating in a report on Wednesday, June 25th. Cowen restated a "buy" rating on shares of FedEx in a report on Wednesday, June 25th. Finally, Truist Financial restated a "buy" rating and set a $275.00 price target on shares of FedEx in a report on Wednesday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, FedEx currently has an average rating of "Moderate Buy" and a consensus target price of $282.75.

Insider Activity

In other news, Director Marvin R. Ellison sold 3,610 shares of FedEx 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 $1,829,176.80. This trade represents a 31.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Paul S. Walsh sold 3,610 shares of the business's stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $238.29, for a total transaction of $860,226.90. Following the transaction, 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. In the last quarter, insiders have sold 9,343 shares of company stock valued at $2,228,816. 0.53% of the stock is currently owned by insiders.

FedEx Price Performance

NYSE FDX opened at $225.82 on Thursday. The company has a current ratio of 1.19, a quick ratio of 1.15 and a debt-to-equity ratio of 0.68. The company has a fifty day simple moving average of $230.23 and a 200 day simple moving average of $227.97. The company has a market cap of $53.28 billion, a P/E ratio of 13.38, a P/E/G ratio of 1.18 and a beta of 1.20. FedEx Corporation has a 1 year low of $194.29 and a 1 year high of $308.53.

FedEx (NYSE:FDX - Get Free Report) last issued its quarterly earnings results on Tuesday, June 24th. The shipping service provider reported $6.07 earnings per share for the quarter, beating analysts' consensus estimates of $5.98 by $0.09. FedEx had a net margin of 4.65% and a return on equity of 16.34%. The firm had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $21.86 billion. During the same period in the prior year, the firm earned $5.41 EPS. FedEx has set its Q1 2026 guidance at 3.400-4.000 EPS. On average, sell-side analysts predict that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 8th will be given 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 2.6%. FedEx's dividend payout ratio (DPR) is 34.36%.

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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