FedEx Corporation $FDX Shares Purchased by Tidal Investments LLC

Tidal Investments LLC raised its position in FedEx Corporation (NYSE:FDX) by 9.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,662 shares of the shipping service provider’s stock after purchasing an additional 4,340 shares during the quarter. Tidal Investments LLC’s holdings in FedEx were worth $15,238,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Hollencrest Capital Management purchased a new stake in shares of FedEx in the 1st quarter valued at $25,000. Bayban acquired a new position in FedEx during the 1st quarter worth about $26,000. Solstein Capital LLC purchased a new position in FedEx during the 2nd quarter valued at about $27,000. Cedar Mountain Advisors LLC boosted its holdings in FedEx by 77.4% during the 1st quarter. Cedar Mountain Advisors LLC now owns 94 shares of the shipping service provider’s stock valued at $33,000 after acquiring an additional 41 shares during the period. Finally, EFG International AG acquired a new position in FedEx in the 4th quarter valued at about $27,000. 84.47% of the stock is currently owned by institutional investors and hedge funds.

FedEx Trading Up 0.7%

NYSE:FDX opened at $311.35 on Friday. FedEx Corporation has a 1 year low of $177.86 and a 1 year high of $345.36. The stock has a market cap of $73.69 billion, a P/E ratio of 16.82, a P/E/G ratio of 1.65 and a beta of 1.32. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.44 and a current ratio of 1.48. The stock has a 50-day simple moving average of $319.19 and a 200-day simple moving average of $347.01.

FedEx (NYSE:FDX) last released its quarterly earnings results on Tuesday, July 21st. The shipping service provider reported $5.88 earnings per share (EPS) for the quarter. FedEx had a return on equity of 16.49% and a net margin of 4.68%.The firm had revenue of $23.26 billion for the quarter. As a group, analysts anticipate that FedEx Corporation will post 17.55 earnings per share for the current fiscal year.

FedEx Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Monday, September 14th will be given a dividend of $1.22 per share. The ex-dividend date is Monday, September 14th. This represents a $4.88 dividend on an annualized basis and a yield of 1.6%. FedEx’s dividend payout ratio is presently 26.36%.

Key Headlines Impacting FedEx

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: FedEx launched Global Trade Navigator, a suite of digital tools that helps businesses plan international shipments, estimate duties and taxes, manage customs requirements, use APIs, and display import costs through Shopify. The offering could reduce shipping friction, improve customer transparency, and strengthen FedEx’s value proposition for international commerce. FedEx Enhances Global Trade With New Digital Shipping Tools
• Positive Sentiment: FedEx has outperformed other logistics and supply-chain stocks over the past year, while analysts remain moderately bullish on its outlook. Evercore ISI also raised its price target to $350 from $323, although it maintained an “In Line” rating. How Is FedEx’s Stock Performance Compared to Other Logistics Stocks
• Neutral Sentiment: FedEx is scheduled to report quarterly earnings on Thursday. The report may provide an important catalyst as investors assess demand, margins, cost controls, and management’s outlook. FedEx to Post Quarterly Earnings on Thursday
• Neutral Sentiment: FedEx’s Asia Pacific, Middle East, India and Africa technology chief is leaving to become DFDS’s chief digital and information officer. The leadership change appears limited in immediate financial impact, but it may draw attention to FedEx’s technology execution. DFDS Appoints New Chief Digital and Information Officer
• Negative Sentiment: JPMorgan lowered its expectations for FedEx’s stock price, creating a counterweight to Evercore’s more optimistic target increase. The differing views highlight uncertainty ahead of earnings. JPMorgan Chase Lowers Expectations for FedEx Stock Price

Insider Buying and Selling

In other news, Director Paul Walsh sold 5,042 shares of the firm’s stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $324.56, for a total value of $1,636,431.52. Following the completion of the sale, the director owned 16,359 shares in the company, valued at approximately $5,309,477.04. This trade represents a 23.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on FDX shares. Wall Street Zen upgraded shares of FedEx to a “hold” rating in a research note on Saturday, August 8th. BMO Capital Markets reissued a “market perform” rating on shares of FedEx in a research note on Wednesday, June 24th. Weiss Ratings cut shares of FedEx from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, September 2nd. Bank of America upped their target price on shares of FedEx from $376.00 to $378.00 and gave the stock a “buy” rating in a research note on Wednesday, June 24th. Finally, Seaport Research Partners initiated coverage on shares of FedEx in a report on Wednesday, May 27th. They set a “buy” rating on the stock. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, FedEx presently has a consensus rating of “Moderate Buy” and a consensus price target of $355.17.

About FedEx

FedEx Corporation (NYSE: FDX) is a global transportation, e-commerce and business services company. Through its operating companies, FedEx provides package delivery, freight transportation, logistics, supply chain management and related services for businesses, governments and consumers.

The company’s offerings include time-definite express shipping, ground delivery, less-than-truckload freight transportation, customs and international trade support, warehousing, fulfillment and other logistics solutions.