Sanctuary Advisors LLC Boosts Holdings in FedEx Corporation $FDX

Sanctuary Advisors LLC boosted its holdings in FedEx Corporation (NYSE:FDX) by 24.9% in the 1st quarter, HoldingsChannel reports. The firm owned 54,523 shares of the shipping service provider’s stock after purchasing an additional 10,874 shares during the quarter. Sanctuary Advisors LLC’s holdings in FedEx were worth $19,420,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Sivia Capital Partners LLC bought a new position in shares of FedEx during the 2nd quarter valued at about $586,000. CWM LLC increased its holdings in shares of FedEx by 32.2% in the fourth quarter. CWM LLC now owns 108,031 shares of the shipping service provider’s stock worth $31,206,000 after purchasing an additional 26,322 shares during the last quarter. Canada Post Corp Registered Pension Plan increased its holdings in shares of FedEx by 85.9% in the fourth quarter. Canada Post Corp Registered Pension Plan now owns 6,792 shares of the shipping service provider’s stock worth $1,962,000 after purchasing an additional 3,138 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of FedEx by 19.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 41,822 shares of the shipping service provider’s stock worth $12,081,000 after buying an additional 6,864 shares in the last quarter. Finally, North Dakota State Investment Board purchased a new stake in shares of FedEx in the fourth quarter worth about $2,122,000. 84.47% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at FedEx

In related news, Director Paul S. Walsh sold 5,042 shares of the firm’s stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $324.56, for a total value of $1,636,431.52. Following the completion of the sale, the director directly owned 16,359 shares in the company, valued at $5,309,477.04. This trade represents a 23.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.53% of the stock is currently owned by corporate insiders.

FedEx Trading Down 0.0%

Shares of NYSE FDX opened at $313.52 on Thursday. The business’s 50 day moving average is $344.56 and its two-hundred day moving average is $349.32. 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 Corporation has a 1-year low of $172.88 and a 1-year high of $345.36. The stock has a market capitalization of $74.81 billion, a P/E ratio of 16.94 and a beta of 1.29.

FedEx (NYSE:FDX) last issued its quarterly earnings data on Tuesday, June 23rd. The shipping service provider reported $6.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.91 by $0.40. The business had revenue of $25.01 billion for the quarter, compared to the consensus estimate of $24.04 billion. FedEx had a return on equity of 16.49% and a net margin of 4.68%.The company’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period in the prior year, the business posted $6.07 earnings per share. FedEx has set its FY 2027 guidance at 16.900-18.100 EPS.

FedEx Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 7th. Investors of record on Monday, June 22nd were issued a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 1.6%. The ex-dividend date was Monday, June 22nd. FedEx’s dividend payout ratio is presently 26.36%.

Analyst Upgrades and Downgrades

FDX has been the subject of several research analyst reports. Weiss Ratings cut FedEx from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, June 3rd. Rothschild & Co Redburn reduced their price objective on FedEx from $375.00 to $344.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 2nd. UBS Group decreased their price objective on FedEx from $445.00 to $350.00 and set a “buy” rating on the stock in a report on Wednesday, June 24th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of FedEx in a research report on Friday, June 26th. Finally, Stifel Nicolaus reduced their price target on shares of FedEx from $442.00 to $326.00 and set a “buy” rating on the stock in a research report on Wednesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $350.54.

FedEx 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.