Aware Super Pty Ltd as trustee of Aware Super Acquires Shares of 43,259 FedEx Corporation $FDX

Aware Super Pty Ltd as trustee of Aware Super bought a new position in FedEx Corporation (NYSE:FDX) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 43,259 shares of the shipping service provider’s stock, valued at approximately $15,408,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FDX. Sivia Capital Partners LLC bought a new stake in FedEx during the 2nd quarter valued at about $586,000. CWM LLC lifted its holdings in shares of FedEx by 32.2% during the 4th quarter. CWM LLC now owns 108,031 shares of the shipping service provider’s stock valued at $31,206,000 after buying an additional 26,322 shares during the period. Canada Post Corp Registered Pension Plan boosted its position in FedEx by 85.9% in the fourth quarter. Canada Post Corp Registered Pension Plan now owns 6,792 shares of the shipping service provider’s stock worth $1,962,000 after purchasing an additional 3,138 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of FedEx by 19.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 41,822 shares of the shipping service provider’s stock worth $12,081,000 after buying an additional 6,864 shares during the last quarter. Finally, North Dakota State Investment Board bought a new stake in shares of FedEx during the 4th quarter valued at $2,122,000. Institutional investors own 84.47% of the company’s stock.

FedEx Trading Down 1.6%

NYSE:FDX opened at $313.17 on Friday. The firm has a 50-day simple moving average of $342.12 and a 200-day simple moving average of $349.22. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.44 and a current ratio of 1.48. The firm has a market cap of $74.72 billion, a P/E ratio of 16.92, a P/E/G ratio of 1.98 and a beta of 1.29. FedEx Corporation has a one year low of $172.88 and a one year high of $345.36.

FedEx (NYSE:FDX) last announced its earnings results on Tuesday, June 23rd. The shipping service provider reported $6.31 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts’ expectations of $24.04 billion. During the same quarter last year, the firm earned $6.07 EPS. The business’s revenue for the quarter was up 12.5% on a year-over-year basis. FedEx has set its FY 2027 guidance at 16.900-18.100 EPS. Equities analysts anticipate that FedEx Corporation will post 14.54 EPS for the current fiscal year.

FedEx Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Monday, June 22nd were paid a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 1.6%. The ex-dividend date was Monday, June 22nd. FedEx’s dividend payout ratio (DPR) is 26.36%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Weiss Ratings lowered shares of FedEx from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, June 3rd. Wall Street Zen upgraded FedEx from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 6th. Seaport Research Partners began coverage on shares of FedEx in a research report on Wednesday, May 27th. They set a “buy” rating for the company. HSBC cut their target price on FedEx from $360.00 to $289.89 and set a “hold” rating on the stock in a research report on Monday, June 1st. Finally, Jefferies Financial Group initiated coverage on shares of FedEx in a research report on Tuesday, June 23rd. They issued a “buy” rating and a $200.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $350.54.

Insider Buying and Selling at FedEx

In related news, Director Paul S. Walsh sold 5,042 shares of the company’s stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $324.56, for a total transaction of $1,636,431.52. Following the transaction, the director directly owned 16,359 shares of the company’s stock, valued at $5,309,477.04. This represents a 23.56% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.53% of the stock is owned by insiders.

FedEx Company 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.