1,936 Shares in FedEx Corporation $FDX Bought by Rothschild Wealth LLC

Rothschild Wealth LLC acquired a new position in FedEx Corporation (NYSE:FDX) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 1,936 shares of the shipping service provider’s stock, valued at approximately $559,000.

A number of other large investors have also recently bought and sold shares of FDX. Wealth Watch Advisors INC bought a new stake in FedEx in the third quarter worth $28,000. Ameriflex Group Inc. boosted its holdings in FedEx by 103.3% in the third quarter. Ameriflex Group Inc. now owns 124 shares of the shipping service provider’s stock worth $29,000 after purchasing an additional 63 shares in the last quarter. Ulland Investment Advisors LLC bought a new stake in FedEx in the fourth quarter worth $29,000. Tucker Asset Management LLC bought a new stake in FedEx in the fourth quarter worth $29,000. Finally, ORG Partners LLC boosted its holdings in FedEx by 50.0% in the fourth quarter. ORG Partners LLC now owns 105 shares of the shipping service provider’s stock worth $30,000 after purchasing an additional 35 shares in the last quarter. 84.47% of the stock is currently owned by institutional investors.

More FedEx News

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: FedEx Freight’s launch as an independent company could unlock value, with management saying the LTL carrier can invest more aggressively in growth and target a 15% operating margin by 2029. FedEx Freight CEO says the spinoff will help the company ‘leapfrog’ competitors
• Positive Sentiment: FedEx Freight began trading on the NYSE as FDXF and joined major indexes, which may support investor interest in the newly listed business and reinforce the strategic rationale for the separation. FedEx Freight Completes Spinoff, Joins S&P 500, Dow Jones Transport Indexes
• Neutral Sentiment: Several analysts lowered price targets on FedEx after the spin-off, including BMO, HSBC, and Goldman Sachs, reflecting more cautious expectations for the parent’s post-separation valuation. BMO Capital adjusts FedEx price target to 340 from 410
• Neutral Sentiment: FedEx still has support from some analysts, with Goldman Sachs maintaining a buy rating even after trimming its target, suggesting the stock may still have upside if the restructuring improves margins and capital allocation. Goldman Sachs adjusts price target on FedEx to 375 from 405
• Negative Sentiment: The biggest reason FDX is down today is mechanical and structural: the Freight unit was spun off, so FedEx is now a smaller company and some investors are reassessing its earnings base and valuation after the separation. FedEx Completes Spin-Off of FedEx Freight

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on FDX shares. Barclays upgraded shares of FedEx from an “overweight” rating to an “overweight” rating in a report on Wednesday, May 27th. Jefferies Financial Group upped their price objective on shares of FedEx from $425.00 to $450.00 and gave the stock a “buy” rating in a report on Tuesday, March 3rd. Wolfe Research decreased their price objective on shares of FedEx from $427.00 to $423.00 and set an “outperform” rating for the company in a report on Tuesday, April 7th. Zacks Research cut shares of FedEx from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 18th. Finally, Wells Fargo & Company raised shares of FedEx from an “overweight” rating to an “overweight” rating in a research report on Wednesday, May 27th. 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 has a consensus rating of “Moderate Buy” and a consensus price target of $395.53.

FedEx Stock Down 17.8%

FedEx stock opened at $338.33 on Tuesday. The firm has a fifty day moving average price of $376.08 and a two-hundred day moving average price of $339.12. The firm has a market cap of $80.73 billion, a price-to-earnings ratio of 18.01, a P/E/G ratio of 1.57 and a beta of 1.28. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.47 and a quick ratio of 1.44. FedEx Corporation has a fifty-two week low of $214.82 and a fifty-two week high of $413.87.

FedEx (NYSE:FDX) last announced its quarterly earnings data on Thursday, March 19th. The shipping service provider reported $5.25 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 analyst estimates of $23.44 billion. FedEx had a net margin of 4.88% and a return on equity of 16.76%. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.51 earnings per share. As a group, analysts forecast that FedEx Corporation will post 19.63 earnings per share for the current year.

Insider Activity at FedEx

In other news, EVP Tracy B. Brightman sold 16,959 shares of the company’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $363.47, for a total transaction of $6,164,087.73. Following the completion of the transaction, the executive vice president owned 11,052 shares of the company’s stock, valued at approximately $4,017,070.44. This represents a 60.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Susan C. Schwab sold 5,795 shares of the company’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $369.00, for a total transaction of $2,138,355.00. Following the transaction, the director directly owned 10,038 shares of the company’s stock, valued at $3,704,022. This represents a 36.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 48,104 shares of company stock worth $17,599,006 over the last ninety days. Corporate insiders own 0.53% of the company’s stock.

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.