Birch Capital Management LLC Acquires 3,626 Shares of FedEx Corporation $FDX

Birch Capital Management LLC grew its holdings in FedEx Corporation (NYSE:FDX) by 15.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,770 shares of the shipping service provider’s stock after purchasing an additional 3,626 shares during the quarter. FedEx comprises about 4.0% of Birch Capital Management LLC’s portfolio, making the stock its 7th biggest position. Birch Capital Management LLC’s holdings in FedEx were worth $8,022,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ulland Investment Advisors LLC acquired a new position in shares of FedEx in the 4th quarter valued at about $29,000. ORG Partners LLC lifted its stake in shares of FedEx by 50.0% in the 4th quarter. ORG Partners LLC now owns 105 shares of the shipping service provider’s stock valued at $30,000 after purchasing an additional 35 shares during the period. Camelot Portfolios LLC bought a new stake in FedEx in the 4th quarter valued at about $31,000. Grey Fox Wealth Advisors LLC bought a new stake in FedEx in the 3rd quarter valued at about $27,000. Finally, Wealth Watch Advisors INC bought a new stake in FedEx in the 3rd quarter valued at about $28,000. 84.47% of the stock is owned by institutional investors and hedge funds.

FedEx Price Performance

FDX stock opened at $357.61 on Tuesday. The company has a market capitalization of $85.33 billion, a P/E ratio of 19.03, a price-to-earnings-growth 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. FedEx Corporation has a 52-week low of $212.64 and a 52-week high of $404.03. The business has a 50-day simple moving average of $370.95 and a two-hundred day simple moving average of $320.19.

FedEx (NYSE:FDX) last released 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. The business had revenue of $24 billion during the quarter, compared to the consensus estimate of $23.44 billion. FedEx had a return on equity of 16.76% and a net margin of 4.88%.The company’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.51 EPS. Research analysts expect that FedEx Corporation will post 19.72 EPS for the current fiscal year.

FedEx Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Monday, March 9th were paid a dividend of $1.45 per share. The ex-dividend date was Monday, March 9th. This represents a $5.80 dividend on an annualized basis and a yield of 1.6%. FedEx’s payout ratio is 30.87%.

Analyst Ratings Changes

A number of brokerages recently commented on FDX. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of FedEx in a research report on Thursday, April 9th. BNP Paribas Exane set a $280.00 target price on FedEx and gave the company a “neutral” rating in a research report on Tuesday, January 13th. Zacks Research lowered FedEx from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 18th. BMO Capital Markets boosted their target price on FedEx from $400.00 to $410.00 and gave the company a “market perform” rating in a research report on Friday, March 20th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $479.00 target price on shares of FedEx in a research report on Friday, February 13th. Eighteen analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, FedEx currently has a consensus rating of “Moderate Buy” and a consensus price target of $398.04.

Insider Buying and Selling

In other FedEx news, EVP Kawal Preet sold 4,900 shares of FedEx stock in a transaction dated Tuesday, April 14th. The stock was sold at an average price of $367.89, for a total transaction of $1,802,661.00. Following the completion of the transaction, the executive vice president owned 10,953 shares in the company, valued at approximately $4,029,499.17. The trade was a 30.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Tracy B. Brightman sold 16,959 shares of FedEx stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $363.47, for a total value of $6,164,087.73. Following the transaction, the executive vice president owned 11,052 shares of the company’s stock, valued at $4,017,070.44. This trade represents a 60.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 48,104 shares of company stock worth $17,599,006 over the last 90 days. Company insiders own 0.53% of the company’s stock.

Key Stories Impacting FedEx

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: FedEx’s recent operating fundamentals remain a stabilizing factor: solid quarterly results (revenue +8.3% y/y, EPS beat) and a reasonable forward P/E support the view that the company can generate cash and defend core margins over time. MarketBeat: Amazon Weaponizes Logistics
• Neutral Sentiment: Broader market / macro moves are adding pressure: geopolitical tensions (Strait of Hormuz) pushed oil above $100, creating further volatility that can weigh on transportation names through higher fuel costs and risk-off flows. Fool: Stock Market Today, May 4
• Negative Sentiment: Amazon launched “Amazon Supply Chain Services,” opening its end?to?end logistics (air, ocean, road, warehousing) to external customers — a direct competitive threat to FedEx’s core freight and parcel business and a key reason FDX is being re?priced lower. Yahoo Finance: Amazon opens logistics network
• Negative Sentiment: The market reaction was swift: legacy carriers including FedEx saw double?digit intraday drops as investors rushed to mark down exposure to potential margin compression and lost volume in e?commerce lanes. CNBC: UPS, FedEx stocks sink
• Negative Sentiment: Analysts view Amazon’s launch as a structural “shot across the bow”; early customer wins (Procter & Gamble, 3M, American Eagle) and Amazon’s aircraft/warehouse scale amplify the threat to FedEx’s pricing and share in e?commerce dense lanes. NY Post: Amazon takes on UPS, FedEx
• Negative Sentiment: Market sentiment indicators point to downside: elevated short interest and recent insider selling have amplified downside pressure as investors reposition for the new competitive landscape. MarketBeat: Amazon Weaponizes Logistics

About FedEx

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.