Livforsakringsbolaget Skandia Omsesidigt Acquires New Stake in FedEx Corporation $FDX

Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of FedEx Corporation (NYSE:FDX) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 21,296 shares of the shipping service provider’s stock, valued at approximately $6,686,000.

Several other institutional investors also recently bought and sold shares of FDX. BlackRock Inc. acquired a new position in shares of FedEx in the second quarter worth $6,508,103,000. State Street Corp raised its stake in shares of FedEx by 4.2% in the fourth quarter. State Street Corp now owns 9,521,691 shares of the shipping service provider’s stock valued at $2,763,824,000 after acquiring an additional 382,848 shares in the last quarter. Primecap Management Co. CA purchased a new position in FedEx in the second quarter valued at $2,554,138,000. Franklin Resources Inc. grew its stake in FedEx by 6.6% during the 4th quarter. Franklin Resources Inc. now owns 5,133,231 shares of the shipping service provider’s stock worth $1,482,785,000 after purchasing an additional 318,293 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in FedEx by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 4,985,778 shares of the shipping service provider’s stock worth $1,443,666,000 after purchasing an additional 45,818 shares in the last quarter. 84.47% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Paul S. Walsh sold 5,042 shares of the business’s stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $324.56, for a total transaction of $1,636,431.52. Following the completion of the sale, the director owned 16,359 shares in the company, valued at approximately $5,309,477.04. The trade was a 23.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. BMO Capital Markets reaffirmed a “market perform” rating on shares of FedEx in a research report on Wednesday, June 24th. Bank of America upped their target price on shares of FedEx from $376.00 to $378.00 and gave the stock a “buy” rating in a research note on Wednesday, June 24th. Citigroup began coverage on shares of FedEx in a report on Wednesday, July 15th. They issued an “outperform” rating on the stock. Rothschild & Co Redburn decreased their price target on shares of FedEx from $375.00 to $344.00 and set a “neutral” rating for the company in a research note on Tuesday, June 2nd. Finally, UBS Group lowered their price target on shares of FedEx from $445.00 to $350.00 and set a “buy” rating for the company in a report on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, nine have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, FedEx currently has a consensus rating of “Moderate Buy” and a consensus target price of $350.54.

FedEx Stock Down 0.1%

Shares of NYSE FDX opened at $331.10 on Friday. The business has a 50-day moving average of $319.32 and a two-hundred day moving average of $350.71. The company has a market capitalization of $78.36 billion, a price-to-earnings ratio of 17.89, a price-to-earnings-growth ratio of 1.71 and a beta of 1.30. FedEx Corporation has a 1 year low of $177.05 and a 1 year high of $345.36. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.48 and a quick ratio of 1.44.

FedEx (NYSE:FDX) last released its quarterly earnings data on Tuesday, July 21st. The shipping service provider reported $5.88 EPS for the quarter. FedEx had a return on equity of 16.49% and a net margin of 4.68%.The business had revenue of $23.26 billion for the quarter. On average, analysts forecast that FedEx Corporation will post 17.6 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Monday, September 14th will be paid a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 1.5%. The ex-dividend date is Monday, September 14th. FedEx’s dividend payout ratio is currently 26.36%.

FedEx News Summary

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: The U.S. Transportation Command awarded FedEx and United Parcel Service modified defense contracts valued at approximately $2.72 billion each. The agreements run through September 2030 and could provide FedEx with steady, multiyear government revenue. FedEx Corporation is Growing Faster, but Could United Parcel Have More Margin Upside?
• Positive Sentiment: FedEx committed about $400 million to air-cargo hubs in Delhi and Mumbai. The facilities will add more than 500,000 square feet of capacity and position the company to benefit from India’s expected logistics growth. FedEx Commits $400 Million to Indian Air Cargo Growth With Delhi, Mumbai Hubs
• Positive Sentiment: The board declared a quarterly dividend of $1.22 per share. Commentators also argue that FedEx’s growth profile and valuation could offer upside, with Wall Street’s average recommendation remaining bullish, though analyst optimism should be treated cautiously. Following FedEx Dividend and India Hub Plans, Are Shares Below Fair Value?
• Neutral Sentiment: FedEx’s freight separation is prompting investors to compare the standalone freight business with the remaining parcel and logistics company. The transaction may sharpen strategic focus, but the preferred investment depends on execution and the future performance of each stock. FedEx Just Spun Off Its Freight Division. Which Stock Should You Own?
• Neutral Sentiment: FedEx shareholders will vote on three governance proposals, creating a potential near-term corporate-governance catalyst, although the available report does not specify the proposals or their likely effect. FedEx Shareholders Will Vote On Three Governance Proposals
• Negative Sentiment: Investors continue to weigh tariff uncertainty, shifting trade routes and geopolitical disruption. FedEx’s CEO believes supply-chain “reglobalization” could create opportunities, but those conditions can also pressure volumes, costs and margins. The Supply-Chain Savant: How FedEx CEO Raj Subramaniam Leads Through Reglobalization

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.