Swedbank AB Has $36.62 Million Position in FedEx Corporation $FDX

Swedbank AB lifted its position in shares of FedEx Corporation (NYSE:FDX) by 8.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 126,788 shares of the shipping service provider’s stock after purchasing an additional 9,511 shares during the quarter. Swedbank AB’s holdings in FedEx were worth $36,624,000 as of its most recent SEC filing.

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

FedEx Stock Performance

FDX opened at $394.18 on Monday. FedEx Corporation has a 52-week low of $214.35 and a 52-week high of $404.03. The firm has a market capitalization of $94.05 billion, a PE ratio of 20.98, a PEG ratio of 1.49 and a beta of 1.29. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.44 and a current ratio of 1.47. The business’s 50-day simple moving average is $371.05 and its 200 day simple moving average is $333.38.

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

Key Headlines Impacting FedEx

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: Barclays reaffirmed its Buy rating on FedEx, and Citi also initiated/maintained a bullish stance with a $443 price target, reinforcing expectations for further upside. FedEx Barclays reiterates its buy rating
• Positive Sentiment: UBS said FedEx has potential upside from margin improvement, suggesting profitability trends could support a higher valuation. FedEx Facing Potential Upside Backed by Margin Improvement, UBS Securities Says
• Positive Sentiment: FedEx-led consortium’s $9 billion bid for InPost is moving forward, with the tender offer window opening May 26, signaling continued strategic expansion in European parcel logistics. FedEx-Led $9 Billion Buyout Offer Window For Polish Parcel Firm InPost Opens May-End
• Positive Sentiment: FedEx is also among large U.S. companies seeking tariff refunds, which could provide a modest cash-flow benefit if successful. Trump said he’d ‘remember’ companies that didn’t apply for tariff refunds. Many of them are anyway
• Neutral Sentiment: Analyst and value-stock commentary continues to frame FedEx as a long-term market favorite, but these articles are mostly supportive rather than catalysts on their own. What Are Wall Street Analysts’ Target Price for FedEx Stock?

Analyst Ratings Changes

Several research firms recently issued reports on FDX. Truist Financial upped their target price on FedEx from $400.00 to $425.00 and gave the stock a “buy” rating in a report on Friday, March 20th. Wall Street Zen lowered FedEx from a “strong-buy” rating to a “buy” rating in a report on Sunday, April 12th. Barclays reiterated a “buy” rating on shares of FedEx in a report on Friday. BMO Capital Markets upped 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, UBS Group dropped their target price on FedEx from $446.00 to $445.00 and set a “buy” rating on the stock in a report on Friday. Eighteen research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, FedEx has an average rating of “Moderate Buy” and an average target price of $399.62.

Insiders Place Their Bets

In other FedEx news, EVP Tracy B. Brightman sold 16,959 shares of the company’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $363.47, for a total value of $6,164,087.73. Following the sale, the executive vice president owned 11,052 shares in the company, valued at $4,017,070.44. This represents a 60.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Gina F. Adams sold 20,450 shares of the company’s stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $366.45, for a total value of $7,493,902.50. Following the completion of the sale, the executive vice president owned 19,403 shares in the company, valued at $7,110,229.35. This represents a 51.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 48,104 shares of company stock worth $17,599,006 over the last ninety days. 0.53% of the stock is currently owned by corporate insiders.

FedEx 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.