National Pension Service Grows Position in FedEx Corporation $FDX

National Pension Service lifted its position in shares of FedEx Corporation (NYSE:FDX) by 0.5% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 645,486 shares of the shipping service provider’s stock after purchasing an additional 3,225 shares during the quarter. National Pension Service owned about 0.27% of FedEx worth $202,121,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FDX. Hollencrest Capital Management purchased a new stake in shares of FedEx in the 1st quarter worth about $25,000. Bayban purchased a new position in FedEx during the 1st quarter valued at about $26,000. Solstein Capital LLC bought a new stake in FedEx during the second quarter worth about $27,000. Cedar Mountain Advisors LLC grew its holdings in FedEx by 77.4% in the first quarter. Cedar Mountain Advisors LLC now owns 94 shares of the shipping service provider’s stock worth $33,000 after purchasing an additional 41 shares during the period. Finally, EFG International AG purchased a new stake in FedEx in the fourth quarter worth about $27,000. 84.47% of the stock is owned by hedge funds and other institutional investors.

FedEx Trading Up 0.7%

FedEx stock opened at $311.35 on Friday. 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 one year low of $177.86 and a one year high of $345.36. The stock has a market capitalization of $73.69 billion, a PE ratio of 16.82, a price-to-earnings-growth ratio of 1.65 and a beta of 1.32. The business’s fifty day moving average is $319.19 and its 200 day moving average is $347.01.

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 company had revenue of $23.26 billion during the quarter. On average, sell-side analysts predict that FedEx Corporation will post 17.55 EPS for the current year.

FedEx Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Monday, September 14th will be paid a $1.22 dividend. The ex-dividend date is Monday, September 14th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 1.6%. FedEx’s payout ratio is currently 26.36%.

Insider Buying and Selling at FedEx

In other news, Director Paul 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 transaction, the director directly owned 16,359 shares of the company’s stock, valued at $5,309,477.04. The trade was a 23.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.65% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. HSBC lowered their target price on shares of FedEx from $360.00 to $289.89 and set a “hold” rating for the company in a report on Monday, June 1st. Stifel Nicolaus dropped their target price on FedEx from $442.00 to $326.00 and set a “buy” rating on the stock in a report on Wednesday, June 24th. Raymond James Financial set a $330.00 price target on FedEx in a report on Friday, August 28th. Citizens Jmp started coverage on shares of FedEx in a research note on Wednesday, July 15th. They issued a “market outperform” rating and a $375.00 price target on the stock. Finally, Bank of America increased their price objective on shares of FedEx from $376.00 to $378.00 and gave the company a “buy” rating in a research report on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, FedEx presently has an average rating of “Moderate Buy” and an average target price of $355.17.

Key Headlines Impacting FedEx

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: FedEx launched Global Trade Navigator, a suite of digital tools that helps businesses plan international shipments, estimate duties and taxes, manage customs requirements, use APIs, and display import costs through Shopify. The offering could reduce shipping friction, improve customer transparency, and strengthen FedEx’s value proposition for international commerce. FedEx Enhances Global Trade With New Digital Shipping Tools
• Positive Sentiment: FedEx has outperformed other logistics and supply-chain stocks over the past year, while analysts remain moderately bullish on its outlook. Evercore ISI also raised its price target to $350 from $323, although it maintained an “In Line” rating. How Is FedEx’s Stock Performance Compared to Other Logistics Stocks
• Neutral Sentiment: FedEx is scheduled to report quarterly earnings on Thursday. The report may provide an important catalyst as investors assess demand, margins, cost controls, and management’s outlook. FedEx to Post Quarterly Earnings on Thursday
• Neutral Sentiment: FedEx’s Asia Pacific, Middle East, India and Africa technology chief is leaving to become DFDS’s chief digital and information officer. The leadership change appears limited in immediate financial impact, but it may draw attention to FedEx’s technology execution. DFDS Appoints New Chief Digital and Information Officer
• Negative Sentiment: JPMorgan lowered its expectations for FedEx’s stock price, creating a counterweight to Evercore’s more optimistic target increase. The differing views highlight uncertainty ahead of earnings. JPMorgan Chase Lowers Expectations for FedEx Stock Price

FedEx Profile

FedEx Corporation (NYSE: FDX) is a global transportation, e-commerce and business services company. Through its operating companies, FedEx provides package delivery, freight transportation, logistics, supply chain management and related services for businesses, governments and consumers.

The company’s offerings include time-definite express shipping, ground delivery, less-than-truckload freight transportation, customs and international trade support, warehousing, fulfillment and other logistics solutions.