Rothschild Wealth LLC Buys Shares of 1,936 FedEx Corporation $FDX

Rothschild Wealth LLC bought a new stake in FedEx Corporation (NYSE:FDX) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,936 shares of the shipping service provider’s stock, valued at approximately $559,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Savant Capital LLC raised its holdings in shares of FedEx by 32.5% during the third quarter. Savant Capital LLC now owns 40,019 shares of the shipping service provider’s stock valued at $9,437,000 after buying an additional 9,806 shares during the last quarter. Diamond Hill Capital Management Inc. bought a new stake in shares of FedEx during the third quarter valued at approximately $171,960,000. Applied Finance Capital Management LLC bought a new stake in shares of FedEx during the third quarter valued at approximately $727,000. Sivia Capital Partners LLC bought a new stake in shares of FedEx during the second quarter valued at approximately $586,000. Finally, Franklin Resources Inc. raised its holdings in shares of FedEx by 5.9% during the third quarter. Franklin Resources Inc. now owns 4,814,938 shares of the shipping service provider’s stock valued at $1,135,411,000 after buying an additional 269,567 shares during the last quarter. 84.47% of the stock is currently owned by institutional investors and hedge funds.

More FedEx News

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: FedEx Freight’s launch as an independent company could unlock value, with management saying the LTL carrier can invest more aggressively in growth and target a 15% operating margin by 2029. FedEx Freight CEO says the spinoff will help the company ‘leapfrog’ competitors
• Positive Sentiment: FedEx Freight began trading on the NYSE as FDXF and joined major indexes, which may support investor interest in the newly listed business and reinforce the strategic rationale for the separation. FedEx Freight Completes Spinoff, Joins S&P 500, Dow Jones Transport Indexes
• Neutral Sentiment: Several analysts lowered price targets on FedEx after the spin-off, including BMO, HSBC, and Goldman Sachs, reflecting more cautious expectations for the parent’s post-separation valuation. BMO Capital adjusts FedEx price target to 340 from 410
• Neutral Sentiment: FedEx still has support from some analysts, with Goldman Sachs maintaining a buy rating even after trimming its target, suggesting the stock may still have upside if the restructuring improves margins and capital allocation. Goldman Sachs adjusts price target on FedEx to 375 from 405
• Negative Sentiment: The biggest reason FDX is down today is mechanical and structural: the Freight unit was spun off, so FedEx is now a smaller company and some investors are reassessing its earnings base and valuation after the separation. FedEx Completes Spin-Off of FedEx Freight

FedEx Trading Down 17.8%

NYSE FDX opened at $338.33 on Tuesday. The firm’s 50 day moving average price is $376.08 and its two-hundred day moving average price is $339.12. 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 twelve month low of $214.82 and a twelve month high of $413.87. The stock has a market cap of $80.73 billion, a price-to-earnings ratio of 18.01, a PEG ratio of 1.57 and a beta of 1.28.

FedEx (NYSE:FDX) last posted its quarterly earnings results on Thursday, March 19th. The shipping service provider reported $5.25 EPS for the quarter, beating the consensus estimate of $4.12 by $1.13. FedEx had a net margin of 4.88% and a return on equity of 16.76%. The business had revenue of $24 billion for the quarter, compared to analysts’ expectations of $23.44 billion. During the same period in the previous year, the company posted $4.51 EPS. FedEx’s revenue was up 8.3% on a year-over-year basis. Equities analysts anticipate that FedEx Corporation will post 19.63 EPS for the current year.

Insider Activity at FedEx

In other news, Director Susan C. Schwab sold 5,795 shares of the business’s stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $369.00, for a total transaction of $2,138,355.00. Following the transaction, the director directly owned 10,038 shares in the company, valued at $3,704,022. The trade was a 36.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Kawal Preet sold 4,900 shares of the business’s stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $367.89, for a total transaction of $1,802,661.00. Following the transaction, the executive vice president owned 10,953 shares in the company, valued at approximately $4,029,499.17. This represents a 30.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 48,104 shares of company stock valued at $17,599,006. Insiders own 0.53% of the company’s stock.

Analyst Ratings Changes

FDX has been the topic of several research reports. Seaport Research Partners initiated coverage on FedEx in a report on Wednesday, May 27th. They issued a “buy” rating on the stock. Wolfe Research dropped their price target on FedEx from $427.00 to $423.00 and set an “outperform” rating on the stock in a report on Tuesday, April 7th. Jefferies Financial Group upped their price target on FedEx from $425.00 to $450.00 and gave the company a “buy” rating in a report on Tuesday, March 3rd. Weiss Ratings upgraded shares of FedEx from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 15th. Finally, The Goldman Sachs Group lowered their price objective on shares of FedEx from $405.00 to $375.00 and set a “buy” rating on the stock in a research report on Monday. Eighteen investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $395.53.

FedEx Company 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.