United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Buys Shares of 100,289 FedEx Corporation $FDX

Key Points

• United Super Pty Ltd, acting as trustee for the Construction & Building Unions Superannuation Fund, bought a new stake in FedEx during the fourth quarter, purchasing 100,289 shares valued at about $28.97 million.
• FedEx reported strong quarterly results, with earnings of $5.25 per share versus the $4.12 estimate and revenue of $24 billion, topping forecasts and rising 8.3% year over year.
• Investor sentiment is being boosted by the planned FedEx Freight spin-off, with JPMorgan upgrading the stock to Overweight and analysts saying the separation could unlock more value for the parent company.

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new stake in FedEx Corporation (NYSE:FDX - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 100,289 shares of the shipping service provider's stock, valued at approximately $28,969,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FDX. Brighton Jones LLC increased its position in FedEx by 12.8% in the 4th quarter. Brighton Jones LLC now owns 1,825 shares of the shipping service provider's stock valued at $514,000 after acquiring an additional 207 shares during the period. Empowered Funds LLC increased its position in FedEx by 78.9% in the 1st quarter. Empowered Funds LLC now owns 10,311 shares of the shipping service provider's stock valued at $2,514,000 after acquiring an additional 4,548 shares during the period. Sivia Capital Partners LLC acquired a new position in FedEx in the 2nd quarter valued at approximately $586,000. Quantbot Technologies LP acquired a new position in FedEx in the 2nd quarter valued at approximately $186,000. Finally, Jump Financial LLC acquired a new position in FedEx in the 2nd quarter valued at approximately $456,000. 84.47% of the stock is currently owned by institutional investors and hedge funds.

FedEx Stock Down 0.0%

FedEx stock opened at $411.67 on Friday. FedEx Corporation has a 1-year low of $214.82 and a 1-year high of $413.70. The firm has a market capitalization of $98.23 billion, a price-to-earnings ratio of 21.91, a price-to-earnings-growth ratio of 1.56 and a beta of 1.29. The firm's fifty day moving average price is $375.15 and its two-hundred day moving average price is $337.51. The company has a current ratio of 1.47, a quick ratio of 1.44 and a debt-to-equity ratio of 0.77.

FedEx (NYSE:FDX - Get Free Report) last released its quarterly earnings data on Thursday, March 19th. The shipping service provider reported $5.25 earnings per share for the quarter, beating analysts' consensus estimates of $4.12 by $1.13. FedEx had a net margin of 4.88% and a return on equity of 16.76%. The firm had revenue of $24 billion for the quarter, compared to analyst estimates of $23.44 billion. During the same period last year, the firm earned $4.51 earnings per share. The business's quarterly revenue was up 8.3% compared to the same quarter last year. On average, equities research analysts predict that FedEx Corporation will post 19.72 earnings per share for the current fiscal year.

Key Stories Impacting FedEx

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: JPMorgan upgraded FedEx to Overweight and lifted its price target to $460, signaling meaningful upside potential as the company approaches its freight separation. JPMorgan lifts FedEx to Overweight ahead of freight spin-off
• Positive Sentiment: Analysts say the FedEx Freight spin-off could unlock more value for the parent company by sharpening its focus and improving operating clarity. FedEx spin-off could unlock more value for remaining business—JP Morgan
• Positive Sentiment: FedEx Freight is expected to begin trading as an independent company on June 1 and is set to join the S&P 500 quickly, which reinforces investor interest in the transaction. FedEx Spin-Off Gets Rare S&P 500 Fast Pass As Freight Unit Prepares To Trade
• Positive Sentiment: Additional bullish coverage highlighted FedEx as a buy ahead of the freight spin-off, adding to the momentum around the stock. FedEx is a buy as freight business spinoff approaches, JPMorgan says
• Neutral Sentiment: Index changes tied to the spin-off should keep FedEx in the Dow Jones Transportation Average while the new freight company is added separately, but this is more of a technical market adjustment than a direct business driver. FedEx Freight Holding Set to Join Dow Jones Transportation Average

Insider Buying and Selling

In other news, EVP Gina F. Adams sold 20,450 shares of the firm's stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $366.45, for a total value of $7,493,902.50. Following the transaction, the executive vice president owned 19,403 shares in the company, valued at $7,110,229.35. This trade represents a 51.31% 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 hyperlink. Also, EVP Tracy B. Brightman sold 16,959 shares of the firm's stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $363.47, for a total value of $6,164,087.73. Following the completion of the transaction, the executive vice president owned 11,052 shares in the company, valued at $4,017,070.44. This represents a 60.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 48,104 shares of company stock worth $17,599,006 over the last three months. Company insiders own 0.53% of the company's stock.

Analysts Set New Price Targets

FDX has been the subject of several recent analyst reports. The Goldman Sachs Group increased their price objective on shares of FedEx from $364.00 to $369.00 and gave the stock a "buy" rating in a research report on Friday, March 13th. HSBC upgraded shares of FedEx from a "reduce" rating to a "hold" rating and set a $360.00 price objective for the company in a research report on Friday, March 20th. Stephens reiterated an "overweight" rating and set a $435.00 price objective on shares of FedEx in a research report on Tuesday, April 14th. UBS Group initiated coverage on shares of FedEx in a research report on Wednesday. They set a "buy" rating and a $445.00 price objective for the company. Finally, Morgan Stanley increased their price objective on shares of FedEx from $220.00 to $230.00 and gave the stock an "underweight" rating in a research report on Friday, March 20th. Eighteen equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $400.69.

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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