Sage Investment Advisers LLC Makes New Investment in FedEx Corporation $FDX

Sage Investment Advisers LLC purchased a new position in FedEx Corporation (NYSE:FDX) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 4,360 shares of the shipping service provider’s stock, valued at approximately $1,259,000.

Several other institutional investors and hedge funds have also recently modified their holdings of FDX. Brighton Jones LLC raised its stake in shares of FedEx by 12.8% in the fourth quarter. Brighton Jones LLC now owns 1,825 shares of the shipping service provider’s stock worth $514,000 after purchasing an additional 207 shares during the last quarter. Empowered Funds LLC raised its stake in shares of FedEx by 78.9% in the first quarter. Empowered Funds LLC now owns 10,311 shares of the shipping service provider’s stock worth $2,514,000 after purchasing an additional 4,548 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of FedEx in the second quarter worth approximately $586,000. Quantbot Technologies LP purchased a new stake in shares of FedEx in the second quarter worth approximately $186,000. Finally, Jump Financial LLC purchased a new stake in shares of FedEx in the second quarter worth approximately $456,000. 84.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. TD Cowen increased their price target on FedEx from $383.00 to $426.00 and gave the company a “buy” rating in a research report on Friday, March 20th. Stifel Nicolaus raised their target price on FedEx from $425.00 to $442.00 in a research report on Friday, April 10th. Raymond James Financial raised their target price on FedEx from $305.00 to $410.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th. Wolfe Research decreased their target price on FedEx from $427.00 to $423.00 and set an “outperform” rating for the company in a research report on Tuesday, April 7th. Finally, Citigroup assumed coverage on FedEx in a research report on Thursday, May 21st. They issued a “buy” rating and a $443.00 target price for the company. Eighteen equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, FedEx currently has a consensus rating of “Moderate Buy” and an average price target of $400.69.

Insiders Place Their Bets

In related news, 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 completion of the sale, the director owned 10,038 shares of the company’s stock, valued at approximately $3,704,022. This trade represents a 36.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 value of $1,802,661.00. Following the sale, the executive vice president directly owned 10,953 shares of the company’s stock, valued at $4,029,499.17. This represents a 30.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 48,104 shares of company stock worth $17,599,006 over the last three months. Corporate insiders own 0.53% of the company’s stock.

Key FedEx News

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.

FedEx Price Performance

Shares of NYSE FDX opened at $412.11 on Monday. The stock has a market cap of $98.33 billion, a PE ratio of 21.93, a price-to-earnings-growth ratio of 1.57 and a beta of 1.28. FedEx Corporation has a fifty-two week low of $214.82 and a fifty-two week high of $413.87. 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 stock has a fifty day moving average of $376.41 and a 200-day moving average of $338.62.

FedEx (NYSE:FDX) last announced its quarterly earnings results on Thursday, March 19th. The shipping service provider reported $5.25 earnings per share for the quarter, beating the consensus estimate of $4.12 by $1.13. The company had revenue of $24 billion during the quarter, compared to analysts’ expectations of $23.44 billion. FedEx had a return on equity of 16.76% and a net margin of 4.88%.The firm’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the previous year, the business earned $4.51 earnings per share. Equities research analysts anticipate that FedEx Corporation will post 19.63 earnings per share for the current year.

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.