Equitable Holdings Inc. Takes $1.44 Million Position in FedEx Corporation $FDX

Equitable Holdings Inc. purchased a new position in FedEx Corporation (NYSE:FDX) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 4,612 shares of the shipping service provider’s stock, valued at approximately $1,444,000.

Several other large investors also recently modified their holdings of FDX. Centaurus Financial Inc. purchased a new stake in FedEx during the second quarter valued at $192,000. Pacific Heights Asset Management LLC purchased a new position in FedEx in the second quarter worth about $26,616,000. Coastal Bridge Advisors LLC bought a new stake in shares of FedEx during the 2nd quarter valued at about $997,000. Jefferies Financial Group Inc. bought a new stake in shares of FedEx during the 2nd quarter valued at about $2,118,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of FedEx during the 2nd quarter valued at about $30,399,000. Institutional investors own 84.47% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Seaport Research Partners assumed coverage on shares of FedEx in a research note on Wednesday, May 27th. They issued a “buy” rating on the stock. Evercore set a $165.00 target price on shares of FedEx in a report on Friday, June 26th. Barclays decreased their price target on shares of FedEx from $450.00 to $425.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 17th. HSBC dropped their price target on shares of FedEx from $360.00 to $289.89 and set a “hold” rating on the stock in a research note on Monday, June 1st. Finally, The Goldman Sachs Group cut their price objective on shares of FedEx from $405.00 to $375.00 and set a “buy” rating for the company in a research report on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $350.54.

FedEx Trading Down 0.1%

FedEx stock opened at $331.10 on Friday. FedEx Corporation has a 12-month low of $177.05 and a 12-month high of $345.36. The firm has a market capitalization of $78.36 billion, a price-to-earnings ratio of 17.89, a P/E/G ratio of 1.71 and a beta of 1.30. The firm has a 50 day moving average of $319.32 and a 200 day moving average of $350.71. The company has a current ratio of 1.48, a quick ratio of 1.44 and a debt-to-equity ratio of 0.74.

FedEx (NYSE:FDX) last issued its quarterly earnings results on Tuesday, July 21st. The shipping service provider reported $5.88 earnings per share for the quarter. The business had revenue of $23.26 billion for the quarter. FedEx had a net margin of 4.68% and a return on equity of 16.49%. As a group, research analysts predict that FedEx Corporation will post 17.6 earnings per share for the current year.

FedEx Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Monday, September 14th will be paid a dividend of $1.22 per share. The ex-dividend date is Monday, September 14th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 1.5%. FedEx’s payout ratio is 26.36%.

Key Headlines Impacting FedEx

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: The U.S. Transportation Command awarded FedEx and United Parcel Service modified defense contracts valued at approximately $2.72 billion each. The agreements run through September 2030 and could provide FedEx with steady, multiyear government revenue. FedEx Corporation is Growing Faster, but Could United Parcel Have More Margin Upside?
• Positive Sentiment: FedEx committed about $400 million to air-cargo hubs in Delhi and Mumbai. The facilities will add more than 500,000 square feet of capacity and position the company to benefit from India’s expected logistics growth. FedEx Commits $400 Million to Indian Air Cargo Growth With Delhi, Mumbai Hubs
• Positive Sentiment: The board declared a quarterly dividend of $1.22 per share. Commentators also argue that FedEx’s growth profile and valuation could offer upside, with Wall Street’s average recommendation remaining bullish, though analyst optimism should be treated cautiously. Following FedEx Dividend and India Hub Plans, Are Shares Below Fair Value?
• Neutral Sentiment: FedEx’s freight separation is prompting investors to compare the standalone freight business with the remaining parcel and logistics company. The transaction may sharpen strategic focus, but the preferred investment depends on execution and the future performance of each stock. FedEx Just Spun Off Its Freight Division. Which Stock Should You Own?
• Neutral Sentiment: FedEx shareholders will vote on three governance proposals, creating a potential near-term corporate-governance catalyst, although the available report does not specify the proposals or their likely effect. FedEx Shareholders Will Vote On Three Governance Proposals
• Negative Sentiment: Investors continue to weigh tariff uncertainty, shifting trade routes and geopolitical disruption. FedEx’s CEO believes supply-chain “reglobalization” could create opportunities, but those conditions can also pressure volumes, costs and margins. The Supply-Chain Savant: How FedEx CEO Raj Subramaniam Leads Through Reglobalization

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 on Tuesday, June 30th. The shares were sold at an average price of $324.56, for a total value of $1,636,431.52. Following the completion of the transaction, the director owned 16,359 shares of the company’s stock, valued at approximately $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 accessible through this link. Company insiders own 0.65% of the company’s stock.

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.