Value Partners Investments Inc. Increases Stock Position in FedEx Corporation $FDX

Key Points

• Value Partners Investments Inc. increased its stake in FedEx Corporation by 26.4%, owning 181,454 shares valued at approximately $41.25 million, making FedEx its 15th largest investment.
• FedEx recently reported earnings of $6.07 per share for the last quarter, exceeding analysts' expectations and generating revenue of $22.20 billion.
• The company declared a quarterly dividend of $1.45 per share, representing a 2.5% yield, to be paid on October 1st to shareholders recorded by September 8th.

Value Partners Investments Inc. boosted its stake in shares of FedEx Corporation (NYSE:FDX - Free Report) by 26.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 181,454 shares of the shipping service provider's stock after purchasing an additional 37,950 shares during the period. FedEx makes up about 3.2% of Value Partners Investments Inc.'s portfolio, making the stock its 15th biggest position. Value Partners Investments Inc. owned approximately 0.08% of FedEx worth $41,247,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in FedEx by 1.4% during 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. lifted its stake in shares of FedEx by 1.4% in the 1st quarter. Invesco Ltd. now owns 3,264,993 shares of the shipping service provider's stock valued at $795,940,000 after purchasing an additional 43,989 shares during the period. Hotchkis & Wiley Capital Management LLC lifted its stake in shares of 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 valued at $495,041,000 after purchasing an additional 135,290 shares during the period. ACR Alpine Capital Research LLC lifted its stake in shares of 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 valued at $386,399,000 after purchasing an additional 732,266 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of 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 valued at $367,188,000 after purchasing an additional 5,490 shares during the period. Hedge funds and other institutional investors own 84.47% of the company's stock.

FedEx Price Performance

Shares of FedEx stock traded up $5.54 during trading hours on Friday, reaching $232.04. 4,961,059 shares of the company's stock were exchanged, compared to its average volume of 2,001,182. FedEx Corporation has a 1 year low of $194.29 and a 1 year high of $308.53. The company has a market capitalization of $54.75 billion, a P/E ratio of 13.78, a price-to-earnings-growth ratio of 1.27 and a beta of 1.20. The business has a fifty day moving average of $228.92 and a two-hundred day moving average of $226.73. The company has a quick ratio of 1.15, a current ratio of 1.19 and a debt-to-equity ratio of 0.68.

FedEx (NYSE:FDX - Get Free Report) last released its earnings results on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.71 by $0.12. FedEx had a net margin of 4.65% and a return on equity of 16.34%. The business had revenue of $22.20 billion during the quarter, compared to analyst estimates of $21.74 billion. During the same quarter in the prior year, the firm earned $3.60 earnings per share. The company's revenue for the quarter was up 3.1% compared to the same quarter last year. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. As a group, research analysts predict that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 8th will be issued a dividend of $1.45 per share. The ex-dividend date of this dividend is Monday, September 8th. This represents a $5.80 dividend on an annualized basis and a dividend yield of 2.5%. FedEx's dividend payout ratio is presently 34.36%.

Insider Activity at FedEx

In related news, Director Marvin R. Ellison sold 3,610 shares of the company's stock in a transaction dated Wednesday, July 9th. The shares were sold at an average price of $236.94, for a total value of $855,353.40. Following the completion of the sale, the director owned 7,720 shares of the company's stock, valued at approximately $1,829,176.80. This represents a 31.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Paul S. Walsh sold 3,610 shares of the company's stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $238.29, for a total transaction of $860,226.90. Following the completion of the sale, the director directly owned 15,513 shares of the company's stock, valued at $3,696,592.77. This represents a 18.88% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,343 shares of company stock valued at $2,228,816. 0.53% of the stock is owned by company insiders.

Analysts Set New Price Targets

FDX has been the subject of several analyst reports. Stifel Nicolaus decreased their target price on shares of FedEx from $308.00 to $296.00 and set a "buy" rating for the company in a research note on Wednesday. Wall Street Zen cut shares of FedEx from a "buy" rating to a "hold" rating in a research report on Saturday, August 16th. Dbs Bank upgraded shares of FedEx from a "hold" rating to a "moderate buy" rating in a research report on Thursday, August 21st. BNP Paribas Exane upgraded shares of FedEx from an "underperform" rating to an "outperform" rating and set a $270.00 price objective for the company in a research report on Thursday, July 3rd. Finally, Citigroup restated a "buy" rating and set a $279.00 price objective (up from $275.00) on shares of FedEx in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $277.88.

FedEx Company 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.