O Shaughnessy Asset Management LLC Grows Stock Holdings in FedEx Corporation $FDX

O Shaughnessy Asset Management LLC increased its stake in shares of FedEx Corporation (NYSE:FDX) by 48.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 63,855 shares of the shipping service provider’s stock after acquiring an additional 20,940 shares during the period. O Shaughnessy Asset Management LLC’s holdings in FedEx were worth $18,445,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Ulland Investment Advisors LLC purchased a new position in shares of FedEx during the fourth quarter worth about $29,000. Tucker Asset Management LLC purchased a new position in shares of FedEx during the fourth quarter worth about $29,000. ORG Partners LLC grew its holdings in shares of FedEx by 50.0% during the fourth quarter. ORG Partners LLC now owns 105 shares of the shipping service provider’s stock worth $30,000 after buying an additional 35 shares during the last quarter. Camelot Portfolios LLC purchased a new stake in FedEx in the 4th quarter valued at approximately $31,000. Finally, Wealth Watch Advisors INC purchased a new stake in FedEx in the 3rd quarter valued at approximately $28,000. Hedge funds and other institutional investors own 84.47% of the company’s stock.

Key FedEx News

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: FedEx pilots ratified a new contract after nearly five years of negotiations, ending a major labor dispute and reducing operational risk for the company. Reuters: FedEx pilots ratify new wage deal, union says
• Positive Sentiment: The new pilot agreement includes roughly a 40% wage increase, which signals labor stability and could help FedEx avoid future service disruptions tied to bargaining uncertainty. Seeking Alpha: FedEx pilots ratify new contract, secure 40% pay hike
• Positive Sentiment: FedEx updated its annual dividend after the FedEx Freight spin-off, including a 5% increase in the annual dividend rate, reinforcing capital-return support for shareholders. Business Wire: FedEx Corp. Board Declares Quarterly Dividend
• Positive Sentiment: The company separately announced its quarterly dividend and a post-spin adjustment, which may be interpreted as a sign of management confidence in cash flow generation. Yahoo Finance: FedEx Updates Annual Dividend Following FedEx Freight Spin-Off
• Neutral Sentiment: FedEx also announced a new independent director and audit-oversight leadership, a governance update that is constructive but not likely a major near-term stock driver. TipRanks: FedEx Adds Independent Director to Lead Audit Oversight

FedEx Price Performance

FDX stock opened at $331.79 on Wednesday. The firm has a 50 day moving average of $373.06 and a 200-day moving average of $341.80. FedEx Corporation has a 12-month low of $172.88 and a 12-month high of $341.14. The company has a current ratio of 1.47, a quick ratio of 1.44 and a debt-to-equity ratio of 0.77. The company has a market cap of $79.17 billion, a price-to-earnings ratio of 17.66, a PEG ratio of 1.50 and a beta of 1.28.

FedEx (NYSE:FDX) last posted its quarterly earnings results on Thursday, March 19th. The shipping service provider reported $5.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.12 by $1.13. FedEx had a net margin of 4.88% and a return on equity of 16.76%. The company had revenue of $24 billion during the quarter, compared to the consensus estimate of $23.44 billion. During the same period last year, the firm earned $4.51 EPS. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. As a group, equities analysts expect that FedEx Corporation will post 19.72 EPS for the current fiscal year.

FedEx Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Monday, June 22nd will be given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Monday, June 22nd. FedEx’s dividend payout ratio (DPR) is presently 30.87%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Stephens reaffirmed an “overweight” rating and issued a $435.00 price objective on shares of FedEx in a report on Tuesday, April 14th. Susquehanna lifted their price objective on FedEx from $410.00 to $455.00 and gave the company a “positive” rating in a report on Friday, March 20th. Rothschild & Co Redburn lowered their price objective on FedEx from $375.00 to $344.00 and set a “neutral” rating on the stock in a report on Tuesday, June 2nd. Raymond James Financial assumed coverage on FedEx in a report on Wednesday, June 3rd. They issued an “outperform” rating and a $180.00 price objective on the stock. Finally, Truist Financial set a $155.00 price objective on FedEx in a report on Tuesday, June 2nd. Eighteen equities research analysts have rated the stock with a Buy rating, nine have issued 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 $372.41.

Insider Activity at FedEx

In related news, EVP Gina F. Adams sold 20,450 shares of FedEx stock in a transaction that occurred on 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 completion of the transaction, the executive vice president directly owned 19,403 shares in the company, valued at $7,110,229.35. The trade was a 51.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Kawal Preet sold 4,900 shares of FedEx stock in a transaction that occurred on 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 transaction, the executive vice president owned 10,953 shares of the company’s stock, valued at $4,029,499.17. This represents a 30.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 48,104 shares of company stock valued at $17,599,006 in the last 90 days. Insiders own 0.53% of the company’s stock.

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.