Capitolis Liquid Global Markets LLC Purchases New Shares in FedEx Corporation $FDX

Capitolis Liquid Global Markets LLC purchased a new stake in FedEx Corporation (NYSE:FDX) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 211,305 shares of the shipping service provider’s stock, valued at approximately $61,038,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. EFG International AG acquired a new position in FedEx during the 4th quarter valued at about $27,000. Ulland Investment Advisors LLC acquired a new position in FedEx during the 4th quarter valued at about $29,000. Tucker Asset Management LLC acquired a new position in FedEx during the 4th quarter valued at about $29,000. Wilkerson Advisory Group LLC acquired a new position in FedEx during the 4th quarter valued at about $29,000. Finally, ORG Partners LLC lifted its position in FedEx by 50.0% during the 4th quarter. ORG Partners LLC now owns 105 shares of the shipping service provider’s stock valued at $30,000 after purchasing an additional 35 shares during the period. 84.47% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other FedEx news, Director Susan C. Schwab sold 5,795 shares of the company’s stock in a transaction that occurred 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 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 position. The transaction 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 company’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $363.47, for a total value of $6,164,087.73. Following the transaction, the executive vice president directly owned 11,052 shares of the company’s stock, valued at approximately $4,017,070.44. This trade represents a 60.54% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 48,104 shares of company stock valued at $17,599,006 over the last 90 days. 0.53% of the stock is owned by company insiders.

FedEx Price Performance

Shares of FDX opened at $325.79 on Thursday. 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 50 day simple moving average of $370.19 and a 200 day simple moving average of $344.40. FedEx Corporation has a 52-week low of $172.88 and a 52-week high of $345.36. The firm has a market capitalization of $77.74 billion, a PE ratio of 17.34, a P/E/G ratio of 1.53 and a beta of 1.28.

FedEx (NYSE:FDX) last issued its quarterly earnings data on Thursday, March 19th. The shipping service provider reported $5.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.12 by $1.13. FedEx had a return on equity of 16.76% and a net margin of 4.88%.The business had revenue of $24 billion during the quarter, compared to analyst estimates of $23.44 billion. During the same period in the previous year, the firm earned $4.51 EPS. FedEx’s quarterly revenue was up 8.3% compared to the same quarter last year. Sell-side analysts predict that FedEx Corporation will post 19.78 EPS for the current fiscal year.

FedEx Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Monday, June 22nd will be given a $1.22 dividend. The ex-dividend date is Monday, June 22nd. This represents a $4.88 annualized dividend and a dividend yield of 1.5%. FedEx’s payout ratio is currently 30.87%.

Trending Headlines about FedEx

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: FedEx is still drawing support from recent cost-cutting efforts, AI-driven efficiency gains, and expectations that it could beat earnings estimates in the upcoming Q4 report. Several analyst commentaries say the company has the setup for a solid print. Article title
• Positive Sentiment: FedEx announced a memorandum of understanding with China Southern Air Logistics that could strengthen its air-cargo network and improve connections through Guangzhou, which may help international shipping flows. Article title
• Positive Sentiment: The board recently approved a 5% dividend increase, and the company’s pilot labor agreement was finalized earlier this month, reducing one source of labor uncertainty for investors. Article title
• Neutral Sentiment: Wall Street is closely watching key operating metrics ahead of the June 23 earnings release, with analysts focusing on more than just headline EPS and revenue estimates. Article title
• Neutral Sentiment: FedEx is recovering from a logistics disruption in Vietnam after reducing cargo backlogs, but the incident highlights ongoing operational execution risk in parts of its network. Article title
• Negative Sentiment: Shares have also been hurt by pre-earnings caution, with analysts expecting lower EPS than a year ago and noting tariff uncertainty as a risk factor heading into the report. Article title

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on FDX shares. The Goldman Sachs Group cut their target price on shares of FedEx from $405.00 to $375.00 and set a “buy” rating on the stock in a research report on Monday, June 1st. JPMorgan Chase & Co. upgraded shares of FedEx from a “neutral” rating to an “overweight” rating and upped their target price for the company from $432.00 to $460.00 in a research report on Wednesday, May 27th. Truist Financial set a $155.00 target price on shares of FedEx in a research report on Tuesday, June 2nd. Seaport Research Partners started coverage on shares of FedEx in a research report on Wednesday, May 27th. They set a “buy” rating on the stock. Finally, Jefferies Financial Group upped their price target on FedEx from $425.00 to $450.00 and gave the company a “buy” rating in a research note on Tuesday, March 3rd. Eighteen 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 company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $370.49.

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.