United Services Automobile Association Acquires Shares of 5,326 FedEx Corporation $FDX

Key Points

• USAA acquired a new stake in FedEx Corporation, purchasing 5,326 shares valued at approximately $1.29 million during the first quarter.
• Analysts have mixed views on FedEx, with a consensus price target of $282.75, while several firms have adjusted their price targets downwards.
• FedEx recently announced a quarterly dividend of $1.45 per share, indicating a yield of 2.6% and a dividend payout ratio of 34.36%.

United Services Automobile Association bought a new stake in FedEx Corporation (NYSE:FDX - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm bought 5,326 shares of the shipping service provider's stock, valued at approximately $1,287,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in FedEx by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 20,489,161 shares of the shipping service provider's stock worth $4,994,848,000 after purchasing an additional 289,655 shares during the last quarter. Invesco Ltd. grew its position in FedEx by 1.4% in the 1st quarter. Invesco Ltd. now owns 3,264,993 shares of the shipping service provider's stock worth $795,940,000 after purchasing an additional 43,989 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew its position in FedEx by 7.1% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 2,030,687 shares of the shipping service provider's stock worth $495,041,000 after purchasing an additional 135,290 shares during the last quarter. ACR Alpine Capital Research LLC grew its position in FedEx by 85.9% in the 1st quarter. ACR Alpine Capital Research LLC now owns 1,585,033 shares of the shipping service provider's stock worth $386,399,000 after purchasing an additional 732,266 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in FedEx by 0.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,506,226 shares of the shipping service provider's stock worth $367,188,000 after purchasing an additional 5,490 shares during the last quarter. 84.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at FedEx

In related news, Director Marvin R. Ellison sold 3,610 shares of FedEx stock in a transaction dated Wednesday, July 9th. The shares were sold at an average price of $236.94, for a total transaction of $855,353.40. Following the completion of the transaction, the director directly owned 7,720 shares of the company's stock, valued at $1,829,176.80. This trade represents a 31.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director R Brad Martin sold 2,123 shares of FedEx stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $241.75, for a total transaction of $513,235.25. Following the transaction, the director directly owned 8,935 shares of the company's stock, valued at $2,160,036.25. This represents a 19.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,343 shares of company stock valued at $2,228,816 in the last ninety days. Insiders own 0.53% of the company's stock.

Wall Street Analysts Forecast Growth

FDX has been the topic of several research analyst reports. Dbs Bank upgraded shares of FedEx from a "hold" rating to a "moderate buy" rating in a research report on Thursday, August 21st. Wells Fargo & Company raised their price target on shares of FedEx from $220.00 to $235.00 and gave the stock an "equal weight" rating in a research report on Wednesday, June 25th. Raymond James Financial restated an "outperform" rating and issued a $260.00 price target (down from $275.00) on shares of FedEx in a research report on Wednesday, June 25th. Sanford C. Bernstein reduced their price objective on shares of FedEx from $282.00 to $249.00 and set a "market perform" rating for the company in a report on Friday, June 13th. Finally, Stifel Nicolaus set a $315.00 price objective on shares of FedEx in a report on Wednesday, June 25th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, nine have issued a Hold rating and two have assigned 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 $282.54.

FedEx Price Performance

Shares of NYSE:FDX traded up $0.86 during midday trading on Friday, reaching $229.67. 1,688,783 shares of the company's stock were exchanged, compared to its average volume of 1,498,630. The company's 50 day simple moving average is $229.77 and its two-hundred day simple moving average is $227.21. The firm has a market capitalization of $54.19 billion, a PE ratio of 13.61, a price-to-earnings-growth ratio of 1.29 and a beta of 1.20. 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.

FedEx (NYSE:FDX - Get Free Report) last released its quarterly earnings data on Tuesday, June 24th. The shipping service provider reported $6.07 EPS for the quarter, topping 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 company had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $21.86 billion. During the same period last year, the firm earned $5.41 EPS. FedEx has set its Q1 2026 guidance at 3.400-4.000 EPS. Equities research analysts expect that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 8th will be issued 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 dividend payout ratio (DPR) is currently 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.