FedEx Corporation $FDX Shares Acquired by MUFG Securities EMEA plc

MUFG Securities EMEA plc boosted its stake in FedEx Corporation (NYSE:FDX) by 2,868.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 123,307 shares of the shipping service provider’s stock after purchasing an additional 119,153 shares during the period. MUFG Securities EMEA plc’s holdings in FedEx were worth $35,618,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in FDX. Brighton Jones LLC increased its position in FedEx by 12.8% in the fourth quarter. Brighton Jones LLC now owns 1,825 shares of the shipping service provider’s stock worth $514,000 after buying an additional 207 shares during the period. Empowered Funds LLC increased its position in FedEx by 78.9% in the first quarter. Empowered Funds LLC now owns 10,311 shares of the shipping service provider’s stock worth $2,514,000 after buying an additional 4,548 shares during the period. Sivia Capital Partners LLC acquired a new stake in FedEx in the second quarter worth $586,000. Quantbot Technologies LP acquired a new stake in FedEx in the second quarter worth $186,000. Finally, Jump Financial LLC acquired a new stake in FedEx in the second quarter worth $456,000. 84.47% of the stock is owned by institutional investors and hedge funds.

FedEx Price Performance

Shares of FDX opened at $412.11 on Friday. The firm has a market capitalization of $98.33 billion, a price-to-earnings ratio of 21.93, a price-to-earnings-growth ratio of 1.57 and a beta of 1.29. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.44 and a current ratio of 1.47. FedEx Corporation has a one year low of $214.82 and a one year high of $413.87. The stock’s fifty day moving average is $376.41 and its 200-day moving average is $338.03.

FedEx (NYSE:FDX) last issued its quarterly earnings results on Thursday, March 19th. The shipping service provider reported $5.25 EPS for the quarter, beating analysts’ consensus estimates of $4.12 by $1.13. The company had revenue of $24 billion for the quarter, compared to analyst estimates 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 period last year, the company earned $4.51 earnings per share. Equities analysts anticipate that FedEx Corporation will post 19.63 EPS for the current year.

Key Stories Impacting FedEx

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: FedEx Freight’s spinoff is set to go live on June 1, and Wall Street commentary suggests the separation could unlock value for FedEx’s remaining business by sharpening its focus and simplifying the investment case. FedEx Freight (FDXF) Spinoff Goes Live June 1: Everything You Need to Know
• Positive Sentiment: JPMorgan reportedly turned constructive on FedEx ahead of the spinoff, saying the transaction could unlock more value for the parent company and supporting the stock as a buy idea. FedEx is a buy as freight business spinoff approaches, JPMorgan says
• Positive Sentiment: The new FedEx Freight company is expected to join major indexes quickly, including the S&P 500 and Dow Jones Transportation Average, which could create automatic index-related demand for the spun-off shares and reinforce investor attention on the separation. FedEx Freight Holding Set to Join Dow Jones Transportation Average
• Neutral Sentiment: Market coverage is also highlighting upcoming earnings and valuation debate around FedEx, with investors weighing whether the stock’s recent momentum can continue after the corporate restructuring.

Insider Buying and Selling at FedEx

In other FedEx news, EVP Tracy B. Brightman sold 16,959 shares of the business’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $363.47, for a total value of $6,164,087.73. Following the sale, the executive vice president directly owned 11,052 shares in the company, valued at approximately $4,017,070.44. The trade was a 60.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kawal Preet sold 4,900 shares of the business’s stock in a transaction dated Tuesday, April 14th. The stock was 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 in the company, valued at approximately $4,029,499.17. This trade represents a 30.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 48,104 shares of company stock valued at $17,599,006 in the last ninety days. 0.53% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on FDX shares. Susquehanna increased their target price on FedEx from $410.00 to $455.00 and gave the stock a “positive” rating in a research report on Friday, March 20th. Truist Financial increased their target price on FedEx from $400.00 to $425.00 and gave the stock a “buy” rating in a research report on Friday, March 20th. UBS Group started coverage on FedEx in a report on Wednesday. They set a “buy” rating and a $445.00 price target on the stock. Rothschild & Co Redburn raised their price target on FedEx from $317.00 to $371.00 and gave the company a “neutral” rating in a report on Tuesday, February 24th. Finally, Stifel Nicolaus raised their price target on FedEx from $425.00 to $442.00 in a report on Friday, April 10th. Eighteen equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, FedEx has an average rating of “Moderate Buy” and an average target price of $400.69.

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.