Equity Management

XML Financial LLC Acquires Shares of 19,870 FedEx Co. (NYSE:FDX)

XML Financial LLC bought a new position in shares of FedEx Co. (NYSE:FDX - Get Rating) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor…

Blog

Feb 5, 2023 • 4 min read

XML Financial LLC bought a new position in shares of FedEx Co. (NYSE:FDX - Get Rating) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 19,870 shares of the shipping service provider's stock, valued at approximately $2,950,000.

→ Huge Upside Potential With "Staggering" Solar Demand (From Investing Trends)

A number of other institutional investors have also recently modified their holdings of the business. Dodge & Cox boosted its holdings in shares of FedEx by 0.6% during the 2nd quarter. Dodge & Cox now owns 17,426,647 shares of the shipping service provider's stock worth $3,950,795,000 after purchasing an additional 98,022 shares during the last quarter. Primecap Management Co. CA raised its holdings in shares of FedEx by 1.5% during the 2nd quarter. Primecap Management Co. CA now owns 13,433,592 shares of the shipping service provider's stock worth $3,045,530,000 after acquiring an additional 196,115 shares during the period. FMR LLC boosted its position in shares of FedEx by 15.6% during the 2nd quarter. FMR LLC now owns 4,100,112 shares of the shipping service provider's stock valued at $929,536,000 after acquiring an additional 554,395 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of FedEx by 4.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,284,390 shares of the shipping service provider's stock valued at $297,196,000 after acquiring an additional 54,901 shares during the last quarter. Finally, Lazard Asset Management LLC grew its holdings in shares of FedEx by 6.7% in the first quarter. Lazard Asset Management LLC now owns 1,275,892 shares of the shipping service provider's stock valued at $295,227,000 after purchasing an additional 80,535 shares during the period. 72.02% of the stock is currently owned by institutional investors and hedge funds.

FedEx Stock Performance

NYSE FDX traded up $0.22 during trading hours on Tuesday, hitting $191.37. 379,026 shares of the stock were exchanged, compared to its average volume of 1,766,468. FedEx Co. has a 12-month low of $141.92 and a 12-month high of $256.49. The stock has a 50-day moving average of $178.34 and a 200 day moving average of $187.34. The company has a market cap of $48.30 billion, a price-to-earnings ratio of 15.02, a price-to-earnings-growth ratio of 1.15 and a beta of 1.31. The company has a quick ratio of 1.25, a current ratio of 1.30 and a debt-to-equity ratio of 0.83.

FedEx (NYSE:FDX - Get Rating) last issued its earnings results on Tuesday, December 20th. The shipping service provider reported $3.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.77 by $0.41. FedEx had a return on equity of 19.17% and a net margin of 3.54%. The business had revenue of $22.81 billion during the quarter, compared to the consensus estimate of $23.66 billion. As a group, equities research analysts forecast that FedEx Co. will post 13.6 earnings per share for the current year.

FedEx Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 3rd. Investors of record on Monday, December 12th were given a $1.15 dividend. The ex-dividend date of this dividend was Friday, December 9th. This represents a $4.60 annualized dividend and a dividend yield of 2.40%. FedEx's dividend payout ratio is presently 36.14%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Citigroup boosted their target price on shares of FedEx from $165.00 to $190.00 in a report on Friday, December 2nd. TheStreet lowered shares of FedEx from a "b-" rating to a "c+" rating in a research note on Wednesday, October 12th. Jefferies Financial Group increased their price objective on shares of FedEx from $170.00 to $175.00 and gave the company a "hold" rating in a research report on Thursday, December 22nd. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of FedEx from $190.00 to $217.00 in a research report on Monday, November 28th. Finally, UBS Group set a $215.00 price objective on FedEx in a research report on Tuesday, January 3rd. Thirteen analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $205.52.

Insider Activity at FedEx

In other FedEx news, Director Amy B. Lane purchased 280 shares of FedEx stock in a transaction on Tuesday, January 3rd. The shares were bought at an average price of $175.83 per share, with a total value of $49,232.40. Following the completion of the acquisition, the director now directly owns 1,529 shares of the company's stock, valued at $268,844.07. The transaction was disclosed in a document filed with the SEC, which is available through this link. 8.62% of the stock is owned by corporate insiders.

FedEx Company Profile

FedEx Corp. provides a broad portfolio of transportation, e-commerce and business services under the FedEx brand. It operates through the following segments: FedEx Express, FedEx Ground, FedEx Freight, FedEx Services, and Corporate, Other & Eliminations. The FedEx Express segment consists of domestic and international shipping services for delivery of packages and freight.