Ramsay Stattman Vela & Price Inc. Has $4.45 Million Position in FedEx Corporation $FDX

Ramsay Stattman Vela & Price Inc. lessened its holdings in FedEx Corporation (NYSE:FDX) by 21.0% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 12,504 shares of the shipping service provider’s stock after selling 3,330 shares during the period. Ramsay Stattman Vela & Price Inc.’s holdings in FedEx were worth $4,454,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Sivia Capital Partners LLC bought a new position in shares of FedEx during the 2nd quarter worth approximately $586,000. CWM LLC lifted its holdings in shares of FedEx by 32.2% during the fourth quarter. CWM LLC now owns 108,031 shares of the shipping service provider’s stock valued at $31,206,000 after acquiring an additional 26,322 shares during the period. Canada Post Corp Registered Pension Plan boosted its stake in shares of FedEx by 85.9% in the 4th quarter. Canada Post Corp Registered Pension Plan now owns 6,792 shares of the shipping service provider’s stock valued at $1,962,000 after purchasing an additional 3,138 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of FedEx by 19.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 41,822 shares of the shipping service provider’s stock worth $12,081,000 after purchasing an additional 6,864 shares during the last quarter. Finally, Bingham Private Wealth LLC bought a new stake in shares of FedEx in the 4th quarter worth about $905,000. Institutional investors and hedge funds own 84.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on FDX. Jefferies Financial Group started coverage on shares of FedEx in a research report on Tuesday, June 23rd. They issued a “buy” rating and a $200.00 price target on the stock. Stifel Nicolaus cut their target price on shares of FedEx from $442.00 to $326.00 and set a “buy” rating for the company in a research note on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft downgraded FedEx from a “buy” rating to a “hold” rating in a report on Wednesday, May 27th. JPMorgan Chase & Co. restated a “buy” rating on shares of FedEx in a research report on Friday, June 26th. Finally, Barclays dropped their price target on FedEx from $450.00 to $425.00 and set an “overweight” rating for the company in a report on Wednesday, June 17th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $349.60.

FedEx Trading Up 0.3%

Shares of NYSE FDX opened at $310.84 on Friday. FedEx Corporation has a 1-year low of $172.88 and a 1-year high of $345.36. The company has a market cap of $74.17 billion, a PE ratio of 16.79 and a beta of 1.29. The company has a current ratio of 1.48, a quick ratio of 1.44 and a debt-to-equity ratio of 0.74. The company has a 50-day moving average of $350.10 and a two-hundred day moving average of $348.79.

FedEx (NYSE:FDX) last announced its earnings results on Tuesday, June 23rd. The shipping service provider reported $6.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.91 by $0.40. FedEx had a net margin of 4.68% and a return on equity of 16.49%. The company had revenue of $25.01 billion for the quarter, compared to analyst estimates of $24.04 billion. During the same period in the prior year, the business earned $6.07 earnings per share. FedEx’s quarterly revenue was up 12.5% on a year-over-year basis. FedEx has set its FY 2027 guidance at 16.900-18.100 EPS.

FedEx Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Monday, June 22nd were issued a dividend of $1.22 per share. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $4.88 annualized dividend and a yield of 1.6%. FedEx’s dividend payout ratio is currently 26.36%.

Insider Transactions at FedEx

In other news, Director Susan C. Schwab sold 5,795 shares of the company’s 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 transaction, the director owned 10,038 shares of the company’s stock, valued at $3,704,022. This represents a 36.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Tracy B. Brightman sold 16,959 shares of the firm’s 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 completion of the transaction, the executive vice president owned 11,052 shares in the company, valued at approximately $4,017,070.44. This represents a 60.54% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 53,146 shares of company stock worth $19,235,438. Corporate insiders own 0.53% of the company’s stock.

FedEx News Summary

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: FedEx was upgraded to strong-buy by Stephens, adding to the bullish analyst tone after Barclays also raised its rating. Zacks report on FedEx upgrade
• Positive Sentiment: The company’s pilots ratified a new contract, easing a key labor concern and reducing uncertainty around operations. Blockonomi article on FedEx stock surge
• Positive Sentiment: FedEx launched a new life sciences division, expanding its healthcare logistics capabilities and potentially opening a higher-margin growth avenue. FreightWaves/Yahoo article on life sciences unit
• Neutral Sentiment: Recent commentary highlighted FedEx’s steadier revenue trend versus UPS, reinforcing the view that its top line is holding up better than some peers. Motley Fool article on FedEx vs UPS revenue trends
• Neutral Sentiment: Industry discussion around higher freight rates and stronger trucking conditions is supportive for logistics names overall, but the impact on FedEx is indirect and not guaranteed. Yahoo Finance freight rates article
• Negative Sentiment: Amazon Shipping is using low pricing and fewer surcharges to attract customers, increasing competitive pressure on FedEx’s parcel and logistics business. Supply Chain Dive article on Amazon Shipping

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.