Swiss National Bank Decreases Stake in FedEx Co. (NYSE:FDX)

14 Mar 2025, 11:14 by Scott Moore · The Cerbat Gem

Swiss National Bank reduced its stake in shares of FedEx Co. (NYSE:FDX – Free Report) by 4.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 655,700 shares of the shipping service provider’s stock after selling 33,200 shares during the period. Swiss National Bank’s holdings in FedEx were worth $184,468,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in FDX. Raymond James Financial Inc. purchased a new stake in shares of FedEx during the 4th quarter worth $234,028,000. ACR Alpine Capital Research LLC boosted its position in shares of FedEx by 62.9% during the 4th quarter. ACR Alpine Capital Research LLC now owns 852,767 shares of the shipping service provider’s stock worth $239,909,000 after purchasing an additional 329,170 shares in the last quarter. Bryn Mawr Capital Management LLC boosted its position in shares of FedEx by 22,317.0% during the 4th quarter. Bryn Mawr Capital Management LLC now owns 322,580 shares of the shipping service provider’s stock worth $90,751,000 after purchasing an additional 321,141 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of FedEx by 8.6% in the 3rd quarter. Franklin Resources Inc. now owns 3,975,531 shares of the shipping service provider’s stock worth $1,042,050,000 after buying an additional 314,380 shares in the last quarter. Finally, KBC Group NV boosted its position in shares of FedEx by 197.4% in the 4th quarter. KBC Group NV now owns 341,390 shares of the shipping service provider’s stock worth $96,043,000 after buying an additional 226,608 shares in the last quarter. 84.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Susan C. Schwab sold 3,980 shares of the stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $276.45, for a total value of $1,100,271.00. Following the completion of the sale, the director now owns 8,904 shares in the company, valued at approximately $2,461,510.80. This trade represents a 30.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Amy B. Lane bought 333 shares of FedEx stock in a transaction that occurred on Thursday, December 26th. The stock was bought at an average price of $276.06 per share, with a total value of $91,927.98. Following the purchase, the director now owns 333 shares of the company’s stock, valued at $91,927.98. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. 8.87% of the stock is currently owned by corporate insiders.

FedEx Trading Down 1.1 %

NYSE FDX opened at $240.74 on Friday. FedEx Co. has a 1-year low of $239.50 and a 1-year high of $313.84. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $57.98 billion, a PE ratio of 15.34, a price-to-earnings-growth ratio of 1.11 and a beta of 1.23. The firm’s fifty day simple moving average is $263.68 and its 200-day simple moving average is $274.89.

FedEx (NYSE:FDX – Get Free Report) last posted its quarterly earnings results on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share for the quarter, topping analysts’ consensus estimates of $3.88 by $0.17. FedEx had a net margin of 4.45% and a return on equity of 15.59%. The business had revenue of $22 billion for the quarter, compared to the consensus estimate of $22.14 billion. During the same period in the prior year, the business posted $3.99 earnings per share. FedEx’s revenue for the quarter was down .7% compared to the same quarter last year. As a group, sell-side analysts anticipate that FedEx Co. will post 19.14 earnings per share for the current fiscal year.

FedEx Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 10th will be issued a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date of this dividend is Monday, March 10th. FedEx’s dividend payout ratio is presently 35.18%.

Wall Street Analyst Weigh In

Several research firms recently commented on FDX. Loop Capital lowered shares of FedEx from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $365.00 to $283.00 in a research report on Monday, February 3rd. Piper Sandler lowered shares of FedEx to a “neutral” rating in a research report on Monday, February 3rd. Truist Financial began coverage on shares of FedEx in a research report on Thursday. They issued a “buy” rating and a $305.00 price objective on the stock. StockNews.com upgraded shares of FedEx from a “hold” rating to a “buy” rating in a research report on Friday, December 20th. Finally, Wells Fargo & Company reduced their target price on shares of FedEx from $320.00 to $275.00 and set an “equal weight” rating on the stock in a report on Thursday, March 6th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, FedEx presently has a consensus rating of “Moderate Buy” and a consensus price target of $318.04.

Check Out Our Latest Stock Analysis on FDX

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