Vanguard Group Inc. Has $6.74 Billion Holdings in FedEx Corporation $FDX

Key Points

• Vanguard Group slightly cut its FedEx holding by 0.4% (selling 94,262 shares) but still owns 23,347,787 shares—about 9.93% of the company valued at roughly $6.74 billion.
• FedEx beat estimates with $5.25 EPS (vs. $4.12 expected) and $24 billion in revenue for the quarter, and analysts have an average price target near $398 with several firms raising targets.
• Investor risks include notable insider selling (48,104 shares worth $17.6M in the past 90 days), a ~23.6% rise in short interest, and potential near-term cash outflows from tariff refund obligations.

Vanguard Group Inc. cut its position in shares of FedEx Corporation (NYSE:FDX - Free Report) by 0.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,347,787 shares of the shipping service provider's stock after selling 94,262 shares during the period. Vanguard Group Inc. owned about 9.93% of FedEx worth $6,744,242,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Ulland Investment Advisors LLC acquired a new stake in FedEx during the fourth quarter worth $29,000. ORG Partners LLC raised its stake in shares of FedEx by 50.0% in the 4th quarter. ORG Partners LLC now owns 105 shares of the shipping service provider's stock valued at $30,000 after buying an additional 35 shares in the last quarter. Grey Fox Wealth Advisors LLC acquired a new position in shares of FedEx in the 3rd quarter valued at $27,000. Wealth Watch Advisors INC bought a new position in shares of FedEx during the 3rd quarter worth about $28,000. Finally, Ameriflex Group Inc. boosted its position in shares of FedEx by 103.3% during the 3rd quarter. Ameriflex Group Inc. now owns 124 shares of the shipping service provider's stock valued at $29,000 after acquiring an additional 63 shares in the last quarter. 84.47% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about FedEx

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: Recent price momentum and strong multi-period returns have attracted attention, supporting investor confidence in the stock's rally. FedEx (FDX) Valuation Check After Strong Multi Period Share Price Momentum
• Positive Sentiment: Sector strength: commentary that transport names (including FedEx) are rallying has buoyed sentiment because shipping strength is often seen as a proxy for economic resilience. When Transport Stocks Rally, Recession Risks Fade: Technicals
• Positive Sentiment: Strategic growth tie-up in Vietnam with Viettel Post may expand cross-border volumes and emerging-market exposure for FedEx. Viettel Post and FedEx Announce Strategic Partnership to Strengthen Cross-Border Logistics in Vietnam
• Negative Sentiment: Short interest rose materially in April — up ~23.6% to 3,275,799 shares (about 1.4% of shares outstanding) with a ~2.1 days-to-cover — increasing the potential for further selling pressure and volatility as shorts accumulate.
• Negative Sentiment: Valuation and macro caution: a recent analyst piece argues that stretched valuation and macro/technical risks still outweigh FedEx’s fundamentals, which can prompt profit-taking after the strong run. FedEx Corporation: Valuation, Technical, And Macro Downsides Still Outweigh Fundamental Soundness
• Negative Sentiment: Regulatory/operational headwind: carriers (including FedEx) are expected to reimburse customers via the CBP tariff refund portal, which could mean near-term cash outflows and customer-relations costs. UPS, FedEx, DHL Set to Reimburse Customers as CBP Tariff Portal Goes Live

FedEx Stock Down 0.0%

Shares of FDX opened at $387.83 on Monday. The business's fifty day moving average price is $369.88 and its two-hundred day moving average price is $315.65. The firm has a market capitalization of $92.54 billion, a price-to-earnings ratio of 20.64, a PEG ratio of 1.47 and a beta of 1.28. FedEx Corporation has a 52 week low of $204.33 and a 52 week high of $399.67. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.44 and a current ratio of 1.47.

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

FedEx Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Monday, March 9th were issued a dividend of $1.45 per share. This represents a $5.80 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Monday, March 9th. FedEx's payout ratio is currently 30.87%.

Analysts Set New Price Targets

A number of analysts recently weighed in on FDX shares. Evercore upped their target price on shares of FedEx from $364.00 to $380.00 in a research note on Tuesday, February 24th. Rothschild & Co Redburn lifted their price objective on FedEx from $317.00 to $371.00 and gave the company a "neutral" rating in a report on Tuesday, February 24th. Weiss Ratings reissued a "buy (b-)" rating on shares of FedEx in a report on Monday, December 29th. BMO Capital Markets raised their target price on FedEx from $400.00 to $410.00 and gave the stock a "market perform" rating in a research report on Friday, March 20th. Finally, Wells Fargo & Company boosted their price target on FedEx from $430.00 to $450.00 and gave the company an "overweight" rating in a research note on Friday, March 20th. Eighteen research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, FedEx has an average rating of "Moderate Buy" and an average price target of $398.04.

Insider Buying and Selling at FedEx

In other FedEx news, EVP Tracy B. Brightman sold 16,959 shares of the company's stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $363.47, for a total transaction of $6,164,087.73. Following the transaction, the executive vice president directly owned 11,052 shares in the company, valued at approximately $4,017,070.44. This represents a 60.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Gina F. Adams sold 20,450 shares of FedEx stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $366.45, for a total transaction of $7,493,902.50. Following the sale, the executive vice president owned 19,403 shares of the company's stock, valued at approximately $7,110,229.35. This represents a 51.31% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 48,104 shares of company stock valued at $17,599,006. 0.53% of the stock is currently owned by company insiders.

About FedEx

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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