Diamant Asset Management Inc. Buys 517,880 Shares of FedEx Corporation $FDX

Diamant Asset Management Inc. raised its stake in FedEx Corporation (NYSE:FDX) by 36,215.4% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 519,310 shares of the shipping service provider’s stock after buying an additional 517,880 shares during the period. FedEx makes up about 0.6% of Diamant Asset Management Inc.’s investment portfolio, making the stock its 29th biggest position. Diamant Asset Management Inc.’s holdings in FedEx were worth $184,968,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. EFG International AG bought a new stake in shares of FedEx during the fourth quarter valued at approximately $27,000. Wealth Watch Advisors INC bought a new position in FedEx in the third quarter worth approximately $28,000. Ameriflex Group Inc. increased its holdings in FedEx by 103.3% during the 3rd quarter. Ameriflex Group Inc. now owns 124 shares of the shipping service provider’s stock worth $29,000 after purchasing an additional 63 shares during the period. Ulland Investment Advisors LLC purchased a new position in FedEx during the 4th quarter worth $29,000. Finally, Tucker Asset Management LLC bought a new stake in FedEx during the 4th quarter valued at $29,000. 84.47% of the stock is owned by hedge funds and other institutional investors.

FedEx Price Performance

Shares of FDX stock opened at $318.55 on Friday. FedEx Corporation has a 1-year low of $172.88 and a 1-year high of $345.36. The stock’s 50-day moving average is $363.74 and its 200 day moving average is $346.38. The company has a market cap of $76.01 billion, a P/E ratio of 17.21, a PEG ratio of 1.35 and a beta of 1.28. 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 results on Tuesday, June 23rd. The shipping service provider reported $6.31 earnings per share for the quarter, beating analysts’ consensus estimates of $5.91 by $0.40. FedEx had a net margin of 4.68% and a return on equity of 16.49%. The business had revenue of $25.01 billion for the quarter, compared to analysts’ expectations of $24.04 billion. During the same period last year, the business earned $6.07 EPS. The company’s revenue was up 12.5% compared to the same quarter last year. FedEx has set its FY 2027 guidance at 16.900-18.100 EPS. Research analysts predict that FedEx Corporation will post 20.89 earnings per share for the current fiscal year.

FedEx Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Monday, June 22nd will be paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 1.5%. The ex-dividend date is Monday, June 22nd. FedEx’s payout ratio is 26.36%.

Insiders Place Their Bets

In other news, EVP Gina F. Adams sold 20,450 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $7,110,229.35. The trade was a 51.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Susan C. Schwab sold 5,795 shares of the company’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $369.00, for a total transaction of $2,138,355.00. Following the transaction, the director owned 10,038 shares in the company, valued at approximately $3,704,022. This trade represents a 36.60% decrease in their position. The SEC filing for this sale provides additional information. 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 corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. HSBC lowered their target price on FedEx from $360.00 to $289.89 and set a “hold” rating for the company in a report on Monday, June 1st. JPMorgan Chase & Co. restated a “buy” rating on shares of FedEx in a report on Friday. Deutsche Bank Aktiengesellschaft cut shares of FedEx from a “buy” rating to a “hold” rating in a report on Wednesday, May 27th. Bank of America raised their target price on shares of FedEx from $376.00 to $378.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Stifel Nicolaus reduced their price target on shares of FedEx from $442.00 to $326.00 and set a “buy” rating for the company in a report on Wednesday. Eighteen research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $349.60.

Key FedEx News

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: Bank of America said FedEx Freight’s pricing power is improving and reiterated a Buy rating while raising its price target to $187, signaling confidence that the LTL business can support better earnings growth. Article Title
• Positive Sentiment: FedEx Freight’s first post-spinoff earnings report showed revenue growth and beat revenue expectations, with analysts noting solid underlying growth trends and the potential for margin improvement later in the year. Article Title
• Positive Sentiment: FedEx also announced $4.15 billion in cash tender offers for outstanding notes, which could help optimize its capital structure and lower future interest expense. Article Title
• Neutral Sentiment: Some analysts highlighted that FedEx’s broader business still has strong underlying momentum, but recent stock weakness may reflect “near-term noise” rather than a change in the long-term thesis. Article Title
• Neutral Sentiment: FedEx Freight’s first standalone quarter also included large spinoff-related costs, which pressured operating income and created uncertainty around near-term profitability, even though management expects growth ahead. Article Title
• Negative Sentiment: FedEx shares fell after the Freight unit reported mixed results, including a steep decline in operating income and margin pressure from separation costs, weaker shipment volumes, and higher labor expenses. Article Title
• Negative Sentiment: Another note from analysts pointed to a margin drop and reduced price targets, reinforcing concerns that the market is still focused on near-term earnings pressure rather than the longer-term turnaround. Article Title

FedEx Company Profile

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.