FedEx Corporation $FDX Holdings Increased by IFM Investors Pty Ltd

IFM Investors Pty Ltd lifted its stake in FedEx Corporation (NYSE:FDX) by 17.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 43,346 shares of the shipping service provider’s stock after acquiring an additional 6,452 shares during the period. IFM Investors Pty Ltd’s holdings in FedEx were worth $15,439,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. OneAscent Financial Services LLC boosted its stake in FedEx by 1.7% during the 4th quarter. OneAscent Financial Services LLC now owns 1,699 shares of the shipping service provider’s stock valued at $491,000 after purchasing an additional 29 shares in the last quarter. Arete Wealth Advisors LLC lifted its holdings in shares of FedEx by 1.7% in the fourth quarter. Arete Wealth Advisors LLC now owns 1,778 shares of the shipping service provider’s stock valued at $514,000 after buying an additional 30 shares during the period. LRI Investments LLC boosted its stake in FedEx by 5.2% during the fourth quarter. LRI Investments LLC now owns 632 shares of the shipping service provider’s stock valued at $183,000 after buying an additional 31 shares in the last quarter. Cary Street Partners Investment Advisory LLC grew its holdings in FedEx by 11.9% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 292 shares of the shipping service provider’s stock worth $84,000 after acquiring an additional 31 shares during the period. Finally, Legacy Bridge LLC grew its holdings in FedEx by 33.0% during the fourth quarter. Legacy Bridge LLC now owns 133 shares of the shipping service provider’s stock worth $38,000 after acquiring an additional 33 shares during the period. Institutional investors and hedge funds own 84.47% of the company’s stock.

Trending Headlines about FedEx

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: Goldman Sachs initiated coverage of the newly spun-off FedEx Freight with a Buy rating and a $186 price target, citing room for margin expansion, stronger pricing power and improved cash generation. Article Title
• Positive Sentiment: FedEx’s latest quarterly results beat expectations, with higher-than-expected earnings and revenue, which helps support the stock’s longer-term fundamentals even as investors focus on the restructuring.
• Neutral Sentiment: CMA CGM hired former FedEx Logistics leader Patrick Moebel to run Ceva Logistics, highlighting the strategic importance of the transaction and the buyer’s intent to expand in North America. Article Title
• Neutral Sentiment: FedEx also announced a local shipping-center closure, but this appears to be a minor operational item and is unlikely to move the stock on its own. Article Title
• Negative Sentiment: The sale underscores continuing concern about FedEx’s growth outlook, with analysts noting the company is relying on cost cuts and efficiency initiatives to offset weaker shipping demand and top-line pressure. Article Title
• Negative Sentiment: FedEx shares fell in premarket trading after reports of the $1.4 billion logistics-unit sale, suggesting some investors are concerned about the implications of shedding a major business line. Article Title
• Negative Sentiment: An EEOC lawsuit alleging discrimination against blind workers adds a separate legal overhang, though it is less likely to be the main driver of today’s move. Article Title

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on FDX. Stephens restated an “overweight” rating and set a $435.00 price objective on shares of FedEx in a research report on Tuesday, April 14th. Truist Financial cut their target price on shares of FedEx from $425.00 to $365.00 and set a “buy” rating for the company in a research note on Thursday, June 25th. Rothschild & Co Redburn reduced their target price on shares of FedEx from $375.00 to $344.00 and set a “neutral” rating for the company in a report on Tuesday, June 2nd. Jefferies Financial Group assumed coverage on FedEx in a report on Tuesday, June 23rd. They issued a “buy” rating and a $200.00 price target on the stock. Finally, Sanford C. Bernstein set a $397.00 target price on FedEx in a report on Wednesday, June 24th. Eighteen equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $349.60.

Insider Activity at FedEx

In related news, EVP Kawal Preet sold 4,900 shares of the business’s stock in a transaction that occurred on Tuesday, April 14th. The shares were 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 owned 10,953 shares in the company, valued at $4,029,499.17. The trade was a 30.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Gina F. Adams sold 20,450 shares of the company’s stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $366.45, for a total value of $7,493,902.50. Following the transaction, the executive vice president directly owned 19,403 shares in the company, valued at approximately $7,110,229.35. This represents a 51.31% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, 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 0.3%

FDX stock opened at $313.99 on Thursday. The firm has a market cap of $74.92 billion, a PE ratio of 16.96, a PEG ratio of 1.36 and a beta of 1.29. The company has a fifty day simple moving average of $359.49 and a 200 day simple moving average of $347.64. FedEx Corporation has a 1 year low of $172.88 and a 1 year high of $345.36. The company has a current ratio of 1.48, a quick ratio of 1.44 and a debt-to-equity ratio of 0.74.

FedEx (NYSE:FDX) last announced its earnings results on Tuesday, June 23rd. The shipping service provider reported $6.31 EPS for the quarter, topping the consensus estimate of $5.91 by $0.40. FedEx had a net margin of 4.68% and a return on equity of 16.49%. The firm had revenue of $25.01 billion for the quarter, compared to the consensus estimate of $24.04 billion. During the same quarter last year, the firm posted $6.07 EPS. The business’s quarterly revenue was up 12.5% on a year-over-year basis. FedEx has set its FY 2027 guidance at 16.900-18.100 EPS. Sell-side analysts anticipate that FedEx Corporation will post 20.89 EPS for the current fiscal year.

FedEx Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Monday, June 22nd will be 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 is Monday, June 22nd. FedEx’s payout ratio is currently 26.36%.

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.