Generali Investments CEE investicni spolecnost a.s. increased its holdings in shares of FedEx Corporation (NYSE:FDX – Free Report) by 30.6% during the second quarter, Holdings Channel.com reports. The fund owned 23,900 shares of the shipping service provider’s stock after buying an additional 5,600 shares during the period. Generali Investments CEE investicni spolecnost a.s.’s holdings in FedEx were worth $5,433,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently modified their holdings of FDX. Nuveen LLC acquired a new stake in shares of FedEx during the 1st quarter valued at about $314,650,000. ACR Alpine Capital Research LLC boosted its holdings in FedEx by 85.9% in the 1st quarter. ACR Alpine Capital Research LLC now owns 1,585,033 shares of the shipping service provider’s stock worth $386,399,000 after buying an additional 732,266 shares during the last quarter. Vanguard Group Inc. boosted its holdings in FedEx by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 20,489,161 shares of the shipping service provider’s stock worth $4,994,848,000 after buying an additional 289,655 shares during the last quarter. Canada Pension Plan Investment Board boosted its holdings in FedEx by 302.6% in the 1st quarter. Canada Pension Plan Investment Board now owns 352,296 shares of the shipping service provider’s stock worth $85,883,000 after buying an additional 264,792 shares during the last quarter. Finally, Strs Ohio acquired a new stake in FedEx in the 1st quarter worth about $64,242,000. 84.47% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at FedEx
In related news, Director Marvin R. Ellison sold 3,610 shares of FedEx stock in a transaction that occurred on Wednesday, July 9th. The shares were sold at an average price of $236.94, for a total value of $855,353.40. Following the completion of the sale, the director owned 7,720 shares in the company, valued at approximately $1,829,176.80. This trade represents a 31.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Paul S. Walsh sold 3,610 shares of FedEx stock in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $238.29, for a total transaction of $860,226.90. Following the completion of the sale, the director owned 15,513 shares of the company’s stock, valued at $3,696,592.77. This trade represents a 18.88% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,343 shares of company stock worth $2,228,816. Insiders own 0.53% of the company’s stock.
FedEx Stock Down 0.4%
FedEx (NYSE:FDX – Get Free Report) last released its quarterly earnings results on Thursday, September 18th. The shipping service provider reported $3.83 EPS for the quarter, beating the consensus estimate of $3.71 by $0.12. The firm had revenue of $22.20 billion for the quarter, compared to analyst estimates of $21.74 billion. FedEx had a net margin of 4.65% and a return on equity of 16.33%. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.60 EPS. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. On average, equities research analysts anticipate that FedEx Corporation will post 19.14 EPS for the current year.
FedEx Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 8th will be issued a $1.45 dividend. This represents a $5.80 annualized dividend and a yield of 2.5%. The ex-dividend date is Monday, September 8th. FedEx’s dividend payout ratio (DPR) is 33.86%.
Analyst Ratings Changes
Several research firms recently issued reports on FDX. Barclays reiterated an “overweight” rating and issued a $320.00 price objective (down from $330.00) on shares of FedEx in a report on Wednesday, June 25th. HSBC lifted their price objective on FedEx from $230.00 to $235.00 in a report on Friday, September 19th. BNP Paribas Exane upgraded FedEx from an “underperform” rating to an “outperform” rating and set a $270.00 price objective on the stock in a report on Thursday, July 3rd. UBS Group raised their target price on shares of FedEx from $293.00 to $314.00 and gave the stock a “buy” rating in a research note on Friday, September 19th. Finally, Bank of America raised their target price on shares of FedEx from $240.00 to $244.00 and gave the stock a “neutral” rating in a research note on Friday, September 19th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, FedEx presently has an average rating of “Moderate Buy” and an average target price of $271.67.
Read Our Latest Stock Report on FDX
FedEx Company Profile
FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. It operates through FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services segments. The FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; and time-critical transportation services.
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