FedEx Corporation $FDX Stock: Rakuten Investment Management Inc. Grows Stake

Rakuten Investment Management Inc. boosted its holdings in FedEx Corporation (NYSE:FDX) by 9.6% in the third quarter, Holdings Channel.com reports. The institutional investor owned 39,414 shares of the shipping service provider’s stock after acquiring an additional 3,441 shares during the period. Rakuten Investment Management Inc.’s holdings in FedEx were worth $11,330,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of FDX. BlackRock Inc. purchased a new stake in shares of FedEx during the 2nd quarter valued at about $6,508,103,000. Primecap Management Co. CA bought a new stake in shares of FedEx in the second quarter worth approximately $2,554,138,000. Bank of America Corp DE purchased a new position in shares of FedEx during the second quarter valued at approximately $579,171,000. Bank of New York Mellon Corp purchased a new position in shares of FedEx during the second quarter valued at approximately $466,943,000. Finally, Legal & General Group Plc bought a new position in FedEx during the second quarter valued at approximately $448,121,000. Institutional investors own 84.47% of the company’s stock.

FedEx Price Performance

NYSE FDX opened at $329.47 on Thursday. The company has a 50-day moving average price of $303.77 and a 200-day moving average price of $337.29. FedEx Corporation has a 52 week low of $200.20 and a 52 week high of $345.36. The company has a quick ratio of 1.29, a current ratio of 1.33 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $77.16 billion, a P/E ratio of 20.26, a PEG ratio of 1.28 and a beta of 1.27.

FedEx (NYSE:FDX) last posted its quarterly earnings data on Wednesday, October 28th. The shipping service provider reported $3.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.34 by $0.40. The company had revenue of $22.93 billion for the quarter, compared to the consensus estimate of $22.73 billion. FedEx had a net margin of 4.09% and a return on equity of 15.53%. The firm’s revenue was up 12.3% compared to the same quarter last year. During the same quarter last year, the firm posted $3.83 earnings per share. Equities research analysts anticipate that FedEx Corporation will post 18.29 earnings per share for the current year.

FedEx Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Monday, September 14th were given a $1.22 dividend. The ex-dividend date was Monday, September 14th. This represents a $4.88 annualized dividend and a yield of 1.5%. FedEx’s dividend payout ratio (DPR) is presently 30.01%.

Trending Headlines about FedEx

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: Jim Cramer praised FedEx’s rebound, calling its move “very nice,” adding a favorable public endorsement. Jim Cramer Recommends FedEx
• Positive Sentiment: Citigroup reportedly sees potential for significant appreciation in FDX, reinforcing the positive analyst outlook. Citigroup Forecasts Strong Price Appreciation for FedEx
• Positive Sentiment: FedEx says dedicated logistics teams have helped win contracts serving aerospace and automotive customers, including shipments of aircraft engines and auto parts. Those specialized, potentially higher-value services could support growth beyond traditional parcel delivery. FedEx uses dedicated logistics teams to win aerospace, automotive business
• Positive Sentiment: A report says FedEx’s customer base is shifting and its latest quarter indicates the strategy is working. Separately, its latest results beat estimates: earnings were $3.74 per share versus a $3.34 consensus, while revenue reached $22.93 billion. FedEx CEO is seeing a shift in its customer base
• Positive Sentiment: FedEx plans to extend its Network 2.0 integration to Los Angeles and other markets after completing it in locations including Dallas and San Francisco. The restructuring could improve network efficiency, though the rollout continues into 2027. FedEx Network 2.0 headed to Los Angeles, other markets post-holidays
• Neutral Sentiment: FedEx gained but underperformed some competitors, suggesting its move was not as strong as peers’. FedEx Corp. stock underperforms Wednesday when compared to competitors despite daily gains
• Negative Sentiment: EVP Gina Adams sold 3,014 shares, reducing her direct holdings by about 24%. Insider sales can weigh on sentiment, although the transaction alone does not establish a negative outlook. FedEx insider Gina Adams sells 3,014 shares

Analyst Upgrades and Downgrades

FDX has been the topic of several research reports. Bank of America dropped their target price on shares of FedEx from $378.00 to $359.00 and set a “buy” rating on the stock in a report on Tuesday, October 27th. HSBC raised shares of FedEx from a “hold” rating to a “buy” rating and set a $370.00 target price for the company in a research report on Thursday, October 29th. Truist Financial decreased their target price on shares of FedEx from $365.00 to $350.00 and set a “buy” rating for the company in a research note on Wednesday, October 7th. JPMorgan Chase & Co. increased their price target on FedEx from $399.00 to $400.00 and gave the company an “overweight” rating in a report on Thursday, October 29th. Finally, Raymond James Financial set a $162.00 price target on FedEx in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, FedEx has an average rating of “Moderate Buy” and an average target price of $359.16.

Insider Activity at FedEx

In other news, EVP Gina Adams sold 3,014 shares of FedEx stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $317.06, for a total transaction of $955,618.84. Following the transaction, the executive vice president owned 9,656 shares in the company, valued at $3,061,531.36. This trade represents a 23.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Tracy Brightman sold 26,611 shares of the business’s stock in a transaction on Friday, October 30th. The shares were sold at an average price of $316.68, for a total transaction of $8,427,171.48. Following the sale, the executive vice president directly owned 12,245 shares of the company’s stock, valued at approximately $3,877,746.60. The trade was a 68.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.65% of the stock is currently owned by company insiders.

FedEx Company Profile

FedEx Corporation (NYSE: FDX) is a global transportation, e-commerce and business services company headquartered in Memphis, Tennessee. Through its operating companies, FedEx provides time-definite express delivery, ground shipping, freight transportation, customs brokerage, logistics and supply chain services for businesses, governments and consumers.

The company’s services include domestic and international package delivery, less-than-truckload freight transportation, warehousing, fulfillment, supply chain management and specialized logistics solutions.