ABN Amro Investment Solutions Invests $2.24 Million in FedEx Corporation $FDX

ABN Amro Investment Solutions acquired a new position in FedEx Corporation (NYSE:FDX) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 7,767 shares of the shipping service provider’s stock, valued at approximately $2,244,000.

Several other large investors have also added to or reduced their stakes in FDX. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of FedEx by 11.2% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 34,958 shares of the shipping service provider’s stock valued at $8,243,000 after buying an additional 3,514 shares during the last quarter. Savant Capital LLC increased its holdings in FedEx by 32.5% during the third quarter. Savant Capital LLC now owns 40,019 shares of the shipping service provider’s stock worth $9,437,000 after buying an additional 9,806 shares during the last quarter. National Pension Service raised its position in FedEx by 3.9% during the third quarter. National Pension Service now owns 633,376 shares of the shipping service provider’s stock worth $149,356,000 after acquiring an additional 23,563 shares in the last quarter. Diamond Hill Capital Management Inc. acquired a new stake in FedEx in the third quarter valued at $171,960,000. Finally, Applied Finance Capital Management LLC acquired a new stake in FedEx in the third quarter valued at $727,000. Institutional investors and hedge funds own 84.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Wells Fargo & Company boosted their price objective on shares of FedEx from $430.00 to $450.00 and gave the stock an “overweight” rating in a research note on Friday, March 20th. Morgan Stanley raised their target price on shares of FedEx from $220.00 to $230.00 and gave the company an “underweight” rating in a research note on Friday, March 20th. Stephens reiterated an “overweight” rating and set a $435.00 price target on shares of FedEx in a report on Tuesday, April 14th. HSBC raised FedEx from a “reduce” rating to a “hold” rating and set a $360.00 price target on the stock in a research report on Friday, March 20th. Finally, Rothschild & Co Redburn lifted their target price on FedEx from $317.00 to $371.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 24th. Eighteen analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, FedEx currently has an average rating of “Moderate Buy” and an average price target of $399.62.

FedEx Stock Performance

FDX opened at $394.18 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.47 and a quick ratio of 1.44. The business has a fifty day simple moving average of $371.05 and a 200 day simple moving average of $332.81. FedEx Corporation has a 1 year low of $214.35 and a 1 year high of $404.03. The company has a market capitalization of $94.05 billion, a PE ratio of 20.98, a price-to-earnings-growth ratio of 1.47 and a beta of 1.29.

FedEx (NYSE:FDX) last posted its quarterly earnings data on Thursday, March 19th. The shipping service provider reported $5.25 earnings per share for the quarter, topping the consensus estimate of $4.12 by $1.13. The firm had revenue of $24 billion for the quarter, compared to analysts’ expectations of $23.44 billion. FedEx had a return on equity of 16.76% and a net margin of 4.88%.The company’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter last year, the business earned $4.51 EPS. Research analysts expect that FedEx Corporation will post 19.72 EPS for the current year.

Key FedEx News

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: Barclays reaffirmed its Buy rating on FedEx, and Citi also initiated/maintained a bullish stance with a $443 price target, reinforcing expectations for further upside. FedEx Barclays reiterates its buy rating
• Positive Sentiment: UBS said FedEx has potential upside from margin improvement, suggesting profitability trends could support a higher valuation. FedEx Facing Potential Upside Backed by Margin Improvement, UBS Securities Says
• Positive Sentiment: FedEx-led consortium’s $9 billion bid for InPost is moving forward, with the tender offer window opening May 26, signaling continued strategic expansion in European parcel logistics. FedEx-Led $9 Billion Buyout Offer Window For Polish Parcel Firm InPost Opens May-End
• Positive Sentiment: FedEx is also among large U.S. companies seeking tariff refunds, which could provide a modest cash-flow benefit if successful. Trump said he’d ‘remember’ companies that didn’t apply for tariff refunds. Many of them are anyway
• Neutral Sentiment: Analyst and value-stock commentary continues to frame FedEx as a long-term market favorite, but these articles are mostly supportive rather than catalysts on their own. What Are Wall Street Analysts’ Target Price for FedEx Stock?

Insider Buying and Selling at FedEx

In other news, Director Susan C. Schwab sold 5,795 shares of the firm’s stock in a transaction that occurred on 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 approximately $3,704,022. This trade represents a 36.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kawal Preet sold 4,900 shares of FedEx stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $367.89, for a total transaction of $1,802,661.00. Following the completion of the sale, the executive vice president owned 10,953 shares of the company’s stock, valued at approximately $4,029,499.17. The trade was a 30.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 48,104 shares of company stock worth $17,599,006 over the last quarter. Company insiders own 0.53% of the company’s stock.

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.