Dimensional Fund Advisors LP Has $936.69 Million Stock Position in FedEx Corporation $FDX

Dimensional Fund Advisors LP lifted its position in FedEx Corporation (NYSE:FDX) by 2.1% in the first quarter, HoldingsChannel.com reports. The firm owned 2,630,669 shares of the shipping service provider’s stock after acquiring an additional 52,963 shares during the period. Dimensional Fund Advisors LP’s holdings in FedEx were worth $936,688,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bayban bought a new stake in FedEx in the 1st quarter valued at $26,000. EFG International AG acquired a new position in shares of FedEx in the 4th quarter valued at $27,000. Wealth Watch Advisors INC bought a new position in shares of FedEx during the 3rd quarter worth about $28,000. Ulland Investment Advisors LLC acquired a new stake in shares of FedEx during the 4th quarter valued at about $29,000. Finally, Tucker Asset Management LLC acquired a new stake in shares of FedEx during the 4th quarter valued at about $29,000. 84.47% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Paul S. Walsh sold 5,042 shares of the company’s stock in a transaction dated 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 transaction, the director owned 16,359 shares in the company, valued at $5,309,477.04. This represents a 23.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.53% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on FDX shares. Barclays dropped their price target on shares of FedEx from $450.00 to $425.00 and set an “overweight” rating for the company in a research report on Wednesday, June 17th. BMO Capital Markets reaffirmed a “market perform” rating on shares of FedEx in a report on Wednesday, June 24th. Citigroup began coverage on FedEx in a research note on Wednesday. They issued an “outperform” rating on the stock. Evercore set a $165.00 target price on FedEx in a report on Friday, June 26th. Finally, Citizens Jmp assumed coverage on FedEx in a research report on Wednesday, July 15th. They set a “market outperform” rating and a $375.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $350.54.

FedEx Stock Performance

NYSE:FDX opened at $313.17 on Monday. FedEx Corporation has a 1 year low of $172.88 and a 1 year high of $345.36. The firm has a 50 day moving average of $342.12 and a 200-day moving average of $349.62. The company has a current ratio of 1.48, a quick ratio of 1.44 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $74.72 billion, a P/E ratio of 16.92, a price-to-earnings-growth ratio of 1.61 and a beta of 1.29.

FedEx (NYSE:FDX) last released its quarterly earnings results on Tuesday, June 23rd. The shipping service provider reported $6.31 EPS for the quarter, topping analysts’ consensus estimates of $5.91 by $0.40. FedEx had a return on equity of 16.49% and a net margin of 4.68%.The business had revenue of $25.01 billion for the quarter, compared to analyst estimates of $24.04 billion. During the same period in the prior year, the company earned $6.07 EPS. FedEx’s revenue for the quarter was up 12.5% on a year-over-year basis. FedEx has set its FY 2027 guidance at 16.900-18.100 EPS. As a group, sell-side analysts anticipate that FedEx Corporation will post 17.6 EPS for the current fiscal year.

FedEx Cuts Dividend

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

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.