Hershey Financial Advisers LLC Invests $1.20 Million in FedEx Corporation $FDX

Hershey Financial Advisers LLC acquired a new stake in shares of FedEx Corporation (NYSE:FDX) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,355 shares of the shipping service provider’s stock, valued at approximately $1,195,000.

Other hedge funds have also recently made changes to their positions in the company. Norges Bank purchased a new position in FedEx in the 4th quarter worth $859,085,000. Boston Partners purchased a new stake in FedEx during the 3rd quarter valued at about $468,195,000. AQR Capital Management LLC increased its holdings in shares of FedEx by 169.2% in the third quarter. AQR Capital Management LLC now owns 2,733,905 shares of the shipping service provider’s stock valued at $638,203,000 after purchasing an additional 1,718,278 shares during the period. Waddell & Associates LLC increased its holdings in shares of FedEx by 164.0% in the fourth quarter. Waddell & Associates LLC now owns 1,188,140 shares of the shipping service provider’s stock valued at $343,206,000 after purchasing an additional 738,122 shares during the period. Finally, Two Sigma Investments LP raised its stake in shares of FedEx by 3,211.5% in the third quarter. Two Sigma Investments LP now owns 549,306 shares of the shipping service provider’s stock worth $129,532,000 after purchasing an additional 532,718 shares during the last quarter. 84.47% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Paul S. Walsh sold 5,042 shares of the firm’s stock in a transaction that occurred on 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 sale, the director owned 16,359 shares of the company’s stock, valued at $5,309,477.04. This trade represents a 23.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on FDX. Bank of America lifted their target price on FedEx from $376.00 to $378.00 and gave the stock a “buy” rating in a report on Wednesday, June 24th. Argus increased their price target on shares of FedEx from $350.00 to $400.00 and gave the stock a “buy” rating in a report on Monday, April 6th. Rothschild & Co Redburn reduced their price target on shares of FedEx from $375.00 to $344.00 and set a “neutral” rating for the company in a research report on Tuesday, June 2nd. Evercore set a $165.00 price target on shares of FedEx in a research report on Friday, June 26th. Finally, Seaport Research Partners started coverage on shares of FedEx in a research note on Wednesday, May 27th. They set a “buy” rating for the company. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $350.54.

FedEx Stock Performance

Shares of FDX stock opened at $313.17 on Friday. The stock has a market cap of $74.72 billion, a PE ratio of 16.92, a price-to-earnings-growth ratio of 1.95 and a beta of 1.29. The business has a 50-day simple moving average of $342.12 and a 200-day simple moving average of $349.22. The company has a quick ratio of 1.44, a current ratio of 1.48 and a debt-to-equity ratio of 0.74. FedEx Corporation has a 52-week low of $172.88 and a 52-week high of $345.36.

FedEx (NYSE:FDX) last issued its 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. The firm had revenue of $25.01 billion for the quarter, compared to the consensus estimate of $24.04 billion. FedEx had a return on equity of 16.49% and a net margin of 4.68%.The company’s revenue was up 12.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $6.07 earnings per share. FedEx has set its FY 2027 guidance at 16.900-18.100 EPS. On average, equities analysts expect that FedEx Corporation will post 17.6 EPS for the current year.

FedEx Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Monday, June 22nd were given 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 is currently 26.36%.

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.