Integrity Alliance LLC. Has $1.59 Million Stake in FedEx Corporation $FDX

Integrity Alliance LLC. lifted its position in shares of FedEx Corporation (NYSE:FDX) by 54.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,519 shares of the shipping service provider’s stock after acquiring an additional 1,939 shares during the quarter. Integrity Alliance LLC.’s holdings in FedEx were worth $1,594,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of FDX. Vanguard Group Inc. boosted its holdings in shares of FedEx by 13.2% during the 3rd quarter. Vanguard Group Inc. now owns 23,442,049 shares of the shipping service provider’s stock valued at $5,527,870,000 after acquiring an additional 2,741,723 shares in the last quarter. Boston Partners acquired a new stake in shares of FedEx during the 3rd quarter valued at $468,195,000. Dodge & Cox boosted its holdings in shares of FedEx by 12.0% during the 3rd quarter. Dodge & Cox now owns 16,225,160 shares of the shipping service provider’s stock valued at $3,826,055,000 after acquiring an additional 1,742,666 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of FedEx by 169.2% during the 3rd quarter. AQR Capital Management LLC now owns 2,733,905 shares of the shipping service provider’s stock valued at $638,203,000 after acquiring an additional 1,718,278 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. acquired a new stake in shares of FedEx during the 3rd quarter valued at $171,960,000. Institutional investors and hedge funds own 84.47% of the company’s stock.

More FedEx News

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: JPMorgan upgraded FedEx to Overweight from Neutral and raised its price target to $460 from $432, saying the stock looks attractive ahead of a pivotal period for the logistics company. JPMorgan lifts FedEx to Overweight ahead of freight spin-off
• Positive Sentiment: JPMorgan also said the planned freight spin-off could unlock shareholder value and improve transparency, reinforcing the bull case for the remaining FedEx business. FedEx spin-off could unlock more value for remaining business—J.P. Morgan
• Positive Sentiment: S&P announced that the FedEx Freight holding company will join the S&P 500, a development that can support index-related demand and highlights the significance of the separation. FedEx Freight Holding Company Set to Join S&P 500; EPAM Systems and Dave to Join S&P SmallCap 600
• Neutral Sentiment: Additional market commentary described FedEx as a long-term momentum stock, reflecting broader investor interest but offering no new fundamental catalyst. Why FedEx (FDX) is a Top Momentum Stock for the Long-Term
• Neutral Sentiment: FedEx also continued to receive positive press around its logistics footprint and brand, but these items are not major stock-moving news by themselves. Delivering History: FedEx Brings Millions of Years of the Past to the Present

Insiders Place Their Bets

In other news, Director Susan C. Schwab sold 5,795 shares of FedEx stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $369.00, for a total value of $2,138,355.00. Following the completion of the transaction, the director directly owned 10,038 shares of the company’s stock, valued at approximately $3,704,022. This trade represents a 36.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Kawal Preet sold 4,900 shares of FedEx stock in a transaction dated Tuesday, April 14th. The stock was sold at an average price of $367.89, for a total value of $1,802,661.00. Following the completion of the transaction, the executive vice president directly owned 10,953 shares of the company’s stock, valued at approximately $4,029,499.17. This trade represents a 30.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 48,104 shares of company stock valued at $17,599,006. Insiders own 0.53% of the company’s stock.

FedEx Stock Up 2.8%

Shares of FDX opened at $411.29 on Thursday. The company has a market capitalization of $98.14 billion, a PE ratio of 21.89, a PEG ratio of 1.52 and a beta of 1.29. FedEx Corporation has a 12 month low of $214.82 and a 12 month high of $413.70. The stock’s 50-day moving average price is $374.01 and its two-hundred day moving average price is $336.46. The company has a current ratio of 1.47, a quick ratio of 1.44 and a debt-to-equity ratio of 0.77.

FedEx (NYSE:FDX) last announced its earnings results on Thursday, March 19th. The shipping service provider reported $5.25 EPS for the quarter, topping the consensus estimate of $4.12 by $1.13. FedEx had a return on equity of 16.76% and a net margin of 4.88%.The firm had revenue of $24 billion for the quarter, compared to the consensus estimate of $23.44 billion. During the same period in the previous year, the business earned $4.51 EPS. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. On average, analysts anticipate that FedEx Corporation will post 19.72 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on FDX shares. Argus raised their price objective on FedEx from $350.00 to $400.00 and gave the company a “buy” rating in a report on Monday, April 6th. Morgan Stanley lifted their target price on FedEx from $220.00 to $230.00 and gave the stock an “underweight” rating in a report on Friday, March 20th. Deutsche Bank Aktiengesellschaft downgraded FedEx from a “buy” rating to a “hold” rating in a report on Wednesday. BMO Capital Markets lifted their target price on FedEx from $400.00 to $410.00 and gave the stock a “market perform” rating in a report on Friday, March 20th. Finally, Evercore downgraded FedEx from an “outperform” rating to a “cautious” rating in a report on Wednesday. Eighteen analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $400.69.

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.