Fjarde AP Fonden Fourth Swedish National Pension Fund Invests $7.92 Million in FedEx Corporation $FDX

Fjarde AP Fonden Fourth Swedish National Pension Fund acquired a new position in FedEx Corporation (NYSE:FDX) during the 1st quarter, HoldingsChannel reports. The fund acquired 22,250 shares of the shipping service provider’s stock, valued at approximately $7,925,000.

Several other large investors have also bought and sold shares of FDX. Franklin Resources Inc. raised its holdings in FedEx by 5.9% during the third quarter. Franklin Resources Inc. now owns 4,814,938 shares of the shipping service provider’s stock worth $1,135,411,000 after buying an additional 269,567 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in shares of FedEx during the second quarter valued at about $586,000. CWM LLC increased its position in shares of FedEx by 32.2% during the fourth quarter. CWM LLC now owns 108,031 shares of the shipping service provider’s stock worth $31,206,000 after acquiring an additional 26,322 shares in the last quarter. Canada Post Corp Registered Pension Plan raised its holdings in shares of FedEx by 85.9% in the 4th quarter. Canada Post Corp Registered Pension Plan now owns 6,792 shares of the shipping service provider’s stock worth $1,962,000 after acquiring an additional 3,138 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of FedEx by 19.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 41,822 shares of the shipping service provider’s stock worth $12,081,000 after acquiring an additional 6,864 shares during the last quarter. 84.47% of the stock is owned by institutional investors.

Insider Buying and Selling

In other FedEx news, Director Susan C. Schwab sold 5,795 shares of FedEx stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $369.00, for a total value of $2,138,355.00. Following the sale, the director owned 10,038 shares of the company’s stock, valued at approximately $3,704,022. The trade was a 36.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Paul S. Walsh sold 5,042 shares of the business’s stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $324.56, for a total transaction of $1,636,431.52. Following the completion of the transaction, the director owned 16,359 shares in the company, valued at approximately $5,309,477.04. The trade was a 23.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 53,146 shares of company stock worth $19,235,438 in the last ninety days. Corporate insiders own 0.53% of the company’s stock.

FedEx Stock Performance

Shares of FDX opened at $313.21 on Monday. The company has a current ratio of 1.48, a quick ratio of 1.44 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $74.73 billion, a price-to-earnings ratio of 16.92 and a beta of 1.29. The stock has a 50 day moving average of $356.40 and a 200 day moving average of $348.06. FedEx Corporation has a 12 month low of $172.88 and a 12 month high of $345.36.

FedEx (NYSE:FDX) last issued its quarterly earnings results on Tuesday, June 23rd. The shipping service provider reported $6.31 EPS for the quarter, topping analysts’ consensus estimates of $5.91 by $0.40. FedEx had a return on equity of 16.49% and a net margin of 4.68%.The business had revenue of $25.01 billion for the quarter, compared to analyst estimates of $24.04 billion. During the same period last year, the company posted $6.07 earnings per share. FedEx’s quarterly revenue was up 12.5% compared to the same quarter last year. FedEx has set its FY 2027 guidance at 16.900-18.100 EPS.

FedEx Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Monday, June 22nd will be issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Monday, June 22nd. FedEx’s payout ratio is 26.36%.

Analyst Upgrades and Downgrades

FDX has been the subject of a number of analyst reports. Morgan Stanley lifted their price target on FedEx from $220.00 to $230.00 and gave the company an “underweight” rating in a research note on Friday, March 20th. Bank of America increased their price objective on FedEx from $376.00 to $378.00 and gave the stock a “buy” rating in a research note on Wednesday, June 24th. Barclays cut their target price on FedEx from $450.00 to $425.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 17th. Citigroup upped their price target on FedEx from $356.73 to $359.00 and gave the stock a “buy” rating in a report on Wednesday, June 24th. Finally, Stephens reissued an “overweight” rating and issued a $435.00 price target on shares of FedEx in a research report on Tuesday, April 14th. Eighteen research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $349.60.

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.