Motley Fool Asset Management LLC Has $7.19 Million Position in FedEx Corporation $FDX

Motley Fool Asset Management LLC grew its holdings in FedEx Corporation (NYSE:FDX) by 31.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 24,876 shares of the shipping service provider’s stock after acquiring an additional 5,916 shares during the period. Motley Fool Asset Management LLC’s holdings in FedEx were worth $7,186,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of FDX. Wealth Watch Advisors INC acquired a new position in FedEx in the third quarter worth $28,000. Ameriflex Group Inc. boosted its stake in FedEx by 103.3% in the third quarter. Ameriflex Group Inc. now owns 124 shares of the shipping service provider’s stock worth $29,000 after purchasing an additional 63 shares in the last quarter. Ulland Investment Advisors LLC acquired a new position in FedEx in the fourth quarter worth $29,000. Tucker Asset Management LLC acquired a new position in FedEx in the fourth quarter worth $29,000. Finally, ORG Partners LLC boosted its stake in FedEx by 50.0% in the fourth quarter. ORG Partners LLC now owns 105 shares of the shipping service provider’s stock worth $30,000 after purchasing an additional 35 shares in the last quarter. Institutional investors and hedge funds own 84.47% of the company’s stock.

FedEx Stock Up 0.5%

NYSE:FDX opened at $331.79 on Wednesday. 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 cap of $79.17 billion, a PE ratio of 17.66, a PEG ratio of 1.50 and a beta of 1.28. FedEx Corporation has a 52-week low of $172.88 and a 52-week high of $341.14. The stock has a 50-day simple moving average of $373.06 and a 200 day simple 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. The business had revenue of $24 billion during the quarter, compared to the consensus estimate of $23.44 billion. FedEx had a return on equity of 16.76% and a net margin of 4.88%.FedEx’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period last year, the company earned $4.51 earnings per share. On average, sell-side analysts expect that FedEx Corporation will post 19.72 EPS for the current fiscal year.

FedEx Cuts Dividend

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

Key Headlines Impacting 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

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Barclays raised FedEx from an “overweight” rating to an “overweight” rating in a research note on Wednesday, May 27th. Weiss Ratings lowered FedEx from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, June 3rd. JPMorgan Chase & Co. raised FedEx from a “neutral” rating to an “overweight” rating and upped their price target for the company from $432.00 to $460.00 in a research note on Wednesday, May 27th. Truist Financial set a $155.00 price target on FedEx in a research note on Tuesday, June 2nd. Finally, Zacks Research lowered FedEx from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 18th. Eighteen equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, FedEx presently has an average rating of “Moderate Buy” and an average price target of $372.41.

Insider Transactions at FedEx

In related news, EVP Tracy B. Brightman sold 16,959 shares of the stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $363.47, for a total transaction of $6,164,087.73. Following the completion of the transaction, the executive vice president directly owned 11,052 shares in the company, valued at approximately $4,017,070.44. This trade represents a 60.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Gina F. Adams sold 20,450 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $7,110,229.35. The trade was a 51.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 48,104 shares of company stock valued at $17,599,006 in the last ninety days. Corporate insiders own 0.53% of the company’s stock.

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.