Focus Partners Advisor Solutions LLC Grows Stock Holdings in FedEx Corporation $FDX

Focus Partners Advisor Solutions LLC boosted its holdings in FedEx Corporation (NYSE:FDX) by 39.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,926 shares of the shipping service provider’s stock after buying an additional 3,661 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in FedEx were worth $3,734,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Applied Finance Capital Management LLC purchased a new position in FedEx in the 3rd quarter valued at approximately $727,000. Sivia Capital Partners LLC purchased a new position in FedEx in the 2nd quarter valued at approximately $586,000. Franklin Resources Inc. grew its stake in FedEx by 5.9% in the 3rd quarter. Franklin Resources Inc. now owns 4,814,938 shares of the shipping service provider’s stock valued at $1,135,411,000 after buying an additional 269,567 shares in the last quarter. CWM LLC grew its stake in FedEx by 32.2% in the 4th quarter. CWM LLC now owns 108,031 shares of the shipping service provider’s stock valued at $31,206,000 after buying an additional 26,322 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in FedEx by 19.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 41,822 shares of the shipping service provider’s stock valued at $12,081,000 after buying an additional 6,864 shares in the last quarter. 84.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

FDX has been the subject of several analyst reports. Sanford C. Bernstein raised their price target on shares of FedEx from $457.00 to $470.00 and gave the company an “outperform” rating in a report on Thursday, April 9th. Citigroup initiated coverage on shares of FedEx in a report on Thursday, May 21st. They issued a “buy” rating and a $443.00 price target for the company. Evercore downgraded shares of FedEx from an “outperform” rating to a “cautious” rating in a report on Wednesday, May 27th. Susquehanna raised their price target on shares of FedEx from $410.00 to $455.00 and gave the company a “positive” rating in a report on Friday, March 20th. Finally, Wells Fargo & Company raised shares of FedEx from an “overweight” rating to an “overweight” rating in a report on Wednesday, May 27th. Eighteen equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $372.41.

Trending Headlines about FedEx

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: FedEx pilots ratified a new contract after nearly five years of negotiations, ending a major labor dispute and reducing operational risk for the company. Reuters: FedEx pilots ratify new wage deal, union says
• Positive Sentiment: The new pilot agreement includes roughly a 40% wage increase, which signals labor stability and could help FedEx avoid future service disruptions tied to bargaining uncertainty. Seeking Alpha: FedEx pilots ratify new contract, secure 40% pay hike
• Positive Sentiment: FedEx updated its annual dividend after the FedEx Freight spin-off, including a 5% increase in the annual dividend rate, reinforcing capital-return support for shareholders. Business Wire: FedEx Corp. Board Declares Quarterly Dividend
• Positive Sentiment: The company separately announced its quarterly dividend and a post-spin adjustment, which may be interpreted as a sign of management confidence in cash flow generation. Yahoo Finance: FedEx Updates Annual Dividend Following FedEx Freight Spin-Off
• Neutral Sentiment: FedEx also announced a new independent director and audit-oversight leadership, a governance update that is constructive but not likely a major near-term stock driver. TipRanks: FedEx Adds Independent Director to Lead Audit Oversight

Insider Activity at FedEx

In other news, EVP Tracy B. Brightman sold 16,959 shares of FedEx stock in a transaction on 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 completion of the sale, the executive vice president directly owned 11,052 shares of the company’s stock, valued at approximately $4,017,070.44. The trade was a 60.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Susan C. Schwab sold 5,795 shares of FedEx stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $369.00, for a total transaction of $2,138,355.00. Following the sale, the director directly owned 10,038 shares of the company’s stock, valued at $3,704,022. This represents a 36.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 48,104 shares of company stock valued at $17,599,006. 0.53% of the stock is currently owned by insiders.

FedEx Stock Performance

NYSE FDX opened at $331.79 on Wednesday. FedEx Corporation has a 52-week low of $172.88 and a 52-week high of $341.14. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.44 and a current ratio of 1.47. The company has a market capitalization of $79.17 billion, a P/E ratio of 17.66, a P/E/G ratio of 1.50 and a beta of 1.28. The company has a fifty day moving average of $373.06 and a 200-day moving average of $341.80.

FedEx (NYSE:FDX) last posted its quarterly earnings data on Thursday, March 19th. The shipping service provider reported $5.25 earnings per share (EPS) for the quarter, topping 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 company had revenue of $24 billion during the quarter, compared to the consensus estimate of $23.44 billion. During the same period in the previous year, the firm posted $4.51 EPS. The firm’s revenue was up 8.3% compared to the same quarter last year. As a group, equities research analysts predict that FedEx Corporation will post 19.72 EPS for the current fiscal year.

FedEx Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Monday, June 22nd will be issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, June 22nd. FedEx’s payout ratio is currently 30.87%.

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.