Fideuram Asset Management Ireland dac Takes $737,000 Position in FedEx Corporation $FDX

Fideuram Asset Management Ireland dac purchased a new stake in FedEx Corporation (NYSE:FDX) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 2,553 shares of the shipping service provider’s stock, valued at approximately $737,000.

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

Insider Buying and Selling at FedEx

In other FedEx news, EVP Kawal Preet sold 4,900 shares of FedEx stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $367.89, for a total transaction of $1,802,661.00. Following the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Susan C. Schwab sold 5,795 shares of FedEx stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $369.00, for a total transaction of $2,138,355.00. Following the sale, the director owned 10,038 shares in the company, valued at $3,704,022. This represents a 36.60% 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 three months. 0.53% of the stock is currently owned by corporate insiders.

FedEx Trading Up 0.2%

Shares of FedEx stock opened at $412.11 on Friday. The company’s fifty day simple moving average is $376.41 and its 200-day simple moving average is $338.03. The company has a market cap of $98.33 billion, a price-to-earnings ratio of 21.93, a PEG ratio of 1.57 and a beta of 1.29. 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 Corporation has a 1 year low of $214.82 and a 1 year high of $413.87.

FedEx (NYSE:FDX) last announced its quarterly earnings data on Thursday, March 19th. The shipping service provider reported $5.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.12 by $1.13. The business had revenue of $24 billion for the quarter, compared to the consensus estimate of $23.44 billion. FedEx had a net margin of 4.88% and a return on equity of 16.76%. FedEx’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter last year, the company posted $4.51 earnings per share. As a group, sell-side analysts expect that FedEx Corporation will post 19.63 EPS for the current year.

FedEx News Roundup

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: FedEx Freight’s spinoff is set to go live on June 1, and Wall Street commentary suggests the separation could unlock value for FedEx’s remaining business by sharpening its focus and simplifying the investment case. FedEx Freight (FDXF) Spinoff Goes Live June 1: Everything You Need to Know
• Positive Sentiment: JPMorgan reportedly turned constructive on FedEx ahead of the spinoff, saying the transaction could unlock more value for the parent company and supporting the stock as a buy idea. FedEx is a buy as freight business spinoff approaches, JPMorgan says
• Positive Sentiment: The new FedEx Freight company is expected to join major indexes quickly, including the S&P 500 and Dow Jones Transportation Average, which could create automatic index-related demand for the spun-off shares and reinforce investor attention on the separation. FedEx Freight Holding Set to Join Dow Jones Transportation Average
• Neutral Sentiment: Market coverage is also highlighting upcoming earnings and valuation debate around FedEx, with investors weighing whether the stock’s recent momentum can continue after the corporate restructuring.

Analysts Set New Price Targets

A number of equities analysts have recently commented on FDX shares. TD Cowen lifted their price target on shares of FedEx from $383.00 to $426.00 and gave the company a “buy” rating in a research report on Friday, March 20th. Bank of America raised their price objective on shares of FedEx from $431.00 to $440.00 and gave the stock a “buy” rating in a research note on Friday, March 20th. Seaport Research Partners initiated coverage on shares of FedEx in a research note on Wednesday. They issued a “buy” rating on the stock. Wells Fargo & Company upgraded shares of FedEx from an “overweight” rating to an “overweight” rating in a research note on Wednesday. Finally, Zacks Research downgraded shares of FedEx from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 18th. Eighteen analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $400.69.

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.