FedEx Co. (NYSE:FDX) Position Raised by New Vernon Investment Management LLC

25 Apr 2025, 10:38 by Jessica Moore · The Cerbat Gem

New Vernon Investment Management LLC increased its position in FedEx Co. (NYSE:FDX – Free Report) by 1,238.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,422 shares of the shipping service provider’s stock after acquiring an additional 19,822 shares during the period. FedEx makes up about 3.6% of New Vernon Investment Management LLC’s portfolio, making the stock its 9th biggest holding. New Vernon Investment Management LLC’s holdings in FedEx were worth $6,027,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of FedEx by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 20,199,506 shares of the shipping service provider’s stock worth $5,682,727,000 after purchasing an additional 56,236 shares during the last quarter. Dodge & Cox raised its stake in shares of FedEx by 5.6% during the 4th quarter. Dodge & Cox now owns 13,889,624 shares of the shipping service provider’s stock valued at $3,907,568,000 after buying an additional 734,268 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of FedEx by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 4,798,797 shares of the shipping service provider’s stock valued at $1,350,686,000 after buying an additional 109,006 shares during the period. Franklin Resources Inc. boosted its stake in shares of FedEx by 8.1% in the fourth quarter. Franklin Resources Inc. now owns 4,298,646 shares of the shipping service provider’s stock worth $1,209,338,000 after buying an additional 323,115 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in FedEx by 4.1% during the fourth quarter. Invesco Ltd. now owns 3,221,004 shares of the shipping service provider’s stock worth $906,165,000 after acquiring an additional 127,044 shares during the period. Hedge funds and other institutional investors own 84.47% of the company’s stock.

Insider Buying and Selling at FedEx

In other news, COO John Alan Smith sold 6,155 shares of FedEx stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $243.55, for a total value of $1,499,050.25. Following the completion of the sale, the chief operating officer now directly owns 23,347 shares of the company’s stock, valued at approximately $5,686,161.85. The trade was a 20.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 8.87% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have commented on FDX. Citigroup lowered their price objective on FedEx from $305.00 to $267.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Barclays lowered their price target on shares of FedEx from $365.00 to $350.00 and set an “overweight” rating on the stock in a report on Friday, March 21st. TD Cowen cut their price objective on shares of FedEx from $337.00 to $310.00 and set a “buy” rating for the company in a report on Friday, March 21st. Wells Fargo & Company lowered their target price on shares of FedEx from $260.00 to $220.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Finally, BMO Capital Markets cut their price target on FedEx from $330.00 to $275.00 and set a “market perform” rating for the company in a research note on Friday, March 21st. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, FedEx has an average rating of “Moderate Buy” and a consensus target price of $297.71.

Check Out Our Latest Stock Report on FedEx

FedEx Price Performance

Shares of FDX stock opened at $215.74 on Friday. The firm’s 50-day moving average is $234.59 and its two-hundred day moving average is $262.17. FedEx Co. has a 12 month low of $194.30 and a 12 month high of $313.84. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.23 and a quick ratio of 1.19. The company has a market capitalization of $51.69 billion, a PE ratio of 13.75, a price-to-earnings-growth ratio of 1.11 and a beta of 1.24.

FedEx (NYSE:FDX – Get Free Report) last released its quarterly earnings data on Thursday, March 20th. The shipping service provider reported $4.51 EPS for the quarter, missing analysts’ consensus estimates of $4.56 by ($0.05). FedEx had a net margin of 4.45% and a return on equity of 15.59%. The business had revenue of $22.16 billion during the quarter, compared to analyst estimates of $21.96 billion. During the same quarter in the prior year, the company posted $3.86 earnings per share. The company’s revenue was up 1.9% on a year-over-year basis. Analysts predict that FedEx Co. will post 19.14 earnings per share for the current year.

FedEx Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 10th were issued a $1.38 dividend. The ex-dividend date was Monday, March 10th. This represents a $5.52 annualized dividend and a yield of 2.56%. FedEx’s dividend payout ratio (DPR) is presently 34.63%.

About FedEx

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