Two Sigma Securities LLC Grows Position in FedEx Corporation $FDX

Key Points

• Two Sigma Securities increased its FedEx position by 997.6% in the second quarter, ending with 12,688 shares valued at approximately $3.97 million. Institutional investors collectively own 84.47% of FedEx’s outstanding shares.
• Analyst sentiment remains positive overall, with a consensus rating of “Moderate Buy” and an average price target of $350.54, despite mixed recent rating changes and price-target revisions.
• FedEx reported quarterly revenue of $23.26 billion and earnings of $5.88 per share, while maintaining a quarterly dividend of $1.22 per share—an annualized $4.88 payout and approximately 1.5% yield.

Two Sigma Securities LLC grew its holdings in shares of FedEx Corporation (NYSE:FDX - Free Report) by 997.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,688 shares of the shipping service provider's stock after buying an additional 11,532 shares during the period. Two Sigma Securities LLC's holdings in FedEx were worth $3,973,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. BlackRock Inc. purchased a new stake in shares of FedEx in the second quarter worth $6,508,103,000. Primecap Management Co. CA bought a new stake in shares of FedEx in the second quarter worth approximately $2,554,138,000. Norges Bank purchased a new stake in FedEx during the 4th quarter valued at $859,085,000. Boston Partners bought a new stake in shares of FedEx in the third quarter worth $468,195,000. Finally, Bank of America Corp DE purchased a new stake in shares of FedEx during the 2nd quarter valued at about $579,171,000. 84.47% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on FDX shares. BNP Paribas Exane dropped their price target on shares of FedEx from $335.00 to $269.76 and set a "neutral" rating on the stock in a research note on Tuesday, June 2nd. Barclays decreased their price objective on FedEx from $450.00 to $425.00 and set an "overweight" rating on the stock in a research note on Wednesday, June 17th. Weiss Ratings upgraded shares of FedEx from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Tuesday, August 18th. Stephens upgraded shares of FedEx to a "strong-buy" rating in a research report on Wednesday, July 8th. Finally, Deutsche Bank Aktiengesellschaft cut shares of FedEx from a "buy" rating to a "hold" rating in a research note on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $350.54.

Insiders Place Their Bets

In related news, Director Paul S. Walsh sold 5,042 shares of the company's stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $324.56, for a total transaction of $1,636,431.52. Following the sale, the director owned 16,359 shares of the company's stock, valued at $5,309,477.04. This represents a 23.56% 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. Corporate insiders own 0.65% of the company's stock.

FedEx Price Performance

NYSE:FDX opened at $331.10 on Monday. The business's 50-day moving average is $319.32 and its 200 day moving average is $350.61. FedEx Corporation has a 12 month low of $177.05 and a 12 month high of $345.36. The company has a market capitalization of $78.36 billion, a P/E ratio of 17.89, a P/E/G ratio of 1.70 and a beta of 1.30. 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 (NYSE:FDX - Get Free Report) last released its quarterly earnings results on Tuesday, July 21st. The shipping service provider reported $5.88 earnings per share for the quarter. FedEx had a return on equity of 16.49% and a net margin of 4.68%.The business had revenue of $23.26 billion during the quarter. On average, equities research analysts forecast that FedEx Corporation will post 17.6 earnings per share for the current fiscal year.

FedEx Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Monday, September 14th will be issued a $1.22 dividend. The ex-dividend date of this dividend is Monday, September 14th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 1.5%. FedEx's dividend payout ratio (DPR) is 26.36%.

Key Stories Impacting FedEx

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: The U.S. Transportation Command awarded FedEx and United Parcel Service modified defense contracts valued at approximately $2.72 billion each. The agreements run through September 2030 and could provide FedEx with steady, multiyear government revenue. FedEx Corporation is Growing Faster, but Could United Parcel Have More Margin Upside?
• Positive Sentiment: FedEx committed about $400 million to air-cargo hubs in Delhi and Mumbai. The facilities will add more than 500,000 square feet of capacity and position the company to benefit from India’s expected logistics growth. FedEx Commits $400 Million to Indian Air Cargo Growth With Delhi, Mumbai Hubs
• Positive Sentiment: The board declared a quarterly dividend of $1.22 per share. Commentators also argue that FedEx’s growth profile and valuation could offer upside, with Wall Street’s average recommendation remaining bullish, though analyst optimism should be treated cautiously. Following FedEx Dividend and India Hub Plans, Are Shares Below Fair Value?
• Neutral Sentiment: FedEx’s freight separation is prompting investors to compare the standalone freight business with the remaining parcel and logistics company. The transaction may sharpen strategic focus, but the preferred investment depends on execution and the future performance of each stock. FedEx Just Spun Off Its Freight Division. Which Stock Should You Own?
• Neutral Sentiment: FedEx shareholders will vote on three governance proposals, creating a potential near-term corporate-governance catalyst, although the available report does not specify the proposals or their likely effect. FedEx Shareholders Will Vote On Three Governance Proposals
• Negative Sentiment: Investors continue to weigh tariff uncertainty, shifting trade routes and geopolitical disruption. FedEx’s CEO believes supply-chain “reglobalization” could create opportunities, but those conditions can also pressure volumes, costs and margins. The Supply-Chain Savant: How FedEx CEO Raj Subramaniam Leads Through Reglobalization

FedEx Company 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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