UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Has $325.43 Million Stake in FedEx Corporation $FDX

Key Points

• UBS Asset Management increased its stake in FedEx Corporation by 2.9%, now owning approximately 1.33 million shares valued at $325.43 million.
• FedEx reported a quarterly EPS of $6.07, exceeding analyst expectations, and had revenue of $22.20 billion, surpassing estimates of $21.86 billion.
• The company announced a quarterly dividend of $1.45 per share, representing a dividend yield of 2.6%, with a payout ratio of 34.36%.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in FedEx Corporation (NYSE:FDX - Free Report) by 2.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,334,943 shares of the shipping service provider's stock after acquiring an additional 37,375 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 0.56% of FedEx worth $325,432,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Aaron Wealth Advisors LLC raised its holdings in FedEx by 2.6% during the first quarter. Aaron Wealth Advisors LLC now owns 1,875 shares of the shipping service provider's stock worth $457,000 after purchasing an additional 48 shares in the last quarter. SouthState Corp increased its position in shares of 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 raised 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 buying an additional 50 shares in the last quarter. Evanson Asset Management LLC lifted its holdings in shares of FedEx by 6.0% in the first quarter. Evanson Asset Management LLC now owns 879 shares of the shipping service provider's stock valued at $214,000 after buying an additional 50 shares during the period. Finally, Hendershot Investments Inc. boosted its stake in FedEx by 4.3% during the first quarter. Hendershot Investments Inc. now owns 1,207 shares of the shipping service provider's stock valued at $294,000 after buying an additional 50 shares in the last quarter. Institutional investors and hedge funds own 84.47% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. TD Cowen dropped their price target on shares of FedEx from $310.00 to $269.00 and set a "buy" rating on the stock in a research report on Wednesday, June 25th. Dbs Bank raised shares of FedEx from a "hold" rating to a "moderate buy" rating in a research note on Thursday, August 21st. Susquehanna boosted their target price on shares of FedEx from $290.00 to $295.00 and gave the stock a "positive" rating in a report on Wednesday, June 25th. Wall Street Zen lowered shares of FedEx from a "buy" rating to a "hold" rating in a research note on Saturday, August 16th. Finally, UBS Group reduced their target price on shares of FedEx from $297.00 to $293.00 and set a "buy" rating for the company in a report on Thursday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, FedEx currently has an average rating of "Moderate Buy" and a consensus price target of $282.54.

Insider Buying and Selling

In other FedEx news, Director R Brad Martin sold 2,123 shares of the firm's stock in a transaction dated 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 sale, the director directly owned 8,935 shares in the company, valued at approximately $2,160,036.25. This trade represents a 19.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Paul S. Walsh sold 3,610 shares of FedEx stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $238.29, for a total value of $860,226.90. Following the transaction, the director directly owned 15,513 shares in the company, valued at approximately $3,696,592.77. This trade represents a 18.88% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,343 shares of company stock valued at $2,228,816. Corporate insiders own 0.53% of the company's stock.

FedEx Trading Up 0.4%

Shares of NYSE:FDX traded up $0.86 during mid-day trading on Friday, hitting $229.67. The stock had a trading volume of 1,688,783 shares, compared to its average volume of 1,504,121. The company's 50 day moving average is $229.77 and its 200-day moving average is $227.62. FedEx Corporation has a 12-month low of $194.29 and a 12-month high of $308.53. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.15 and a current ratio of 1.19. The company has a market cap of $54.19 billion, a PE ratio of 13.61, a P/E/G ratio of 1.20 and a beta of 1.20.

FedEx (NYSE:FDX - Get Free Report) last posted its quarterly earnings data on Tuesday, June 24th. The shipping service provider reported $6.07 earnings per share for the quarter, topping the consensus estimate of $5.98 by $0.09. The firm had revenue of $22.20 billion for 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 period in the previous year, the company posted $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 firm also recently declared 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. This represents a $5.80 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Monday, September 8th. FedEx's payout ratio is presently 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.