Dayah Capital LLC Makes New $1.48 Million Investment in FedEx Corporation $FDX

Dayah Capital LLC bought a new stake in shares of FedEx Corporation (NYSE:FDX) during the 2nd quarter, HoldingsChannel reports. The institutional investor bought 4,739 shares of the shipping service provider’s stock, valued at approximately $1,484,000. FedEx makes up approximately 0.5% of Dayah Capital LLC’s portfolio, making the stock its 16th biggest position.

A number of other institutional investors and hedge funds also recently made changes to their positions in FDX. Hollencrest Capital Management acquired a new position in FedEx during the first quarter valued at approximately $25,000. Bayban acquired a new stake in shares of FedEx in the first quarter worth $26,000. Solstein Capital LLC bought a new stake in shares of FedEx during the 2nd quarter worth $27,000. Cedar Mountain Advisors LLC boosted its holdings in shares of FedEx by 77.4% during the 1st quarter. Cedar Mountain Advisors LLC now owns 94 shares of the shipping service provider’s stock worth $33,000 after buying an additional 41 shares during the period. Finally, EFG International AG acquired a new position in FedEx in the 4th quarter valued at $27,000. Institutional investors and hedge funds own 84.47% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on FDX. Bank of America boosted their target price on shares of FedEx from $376.00 to $378.00 and gave the stock a “buy” rating in a research report on Wednesday, June 24th. Jefferies Financial Group started coverage on FedEx in a research note on Tuesday, June 23rd. They issued a “buy” rating and a $200.00 price objective on the stock. Wall Street Zen raised FedEx to a “hold” rating in a research report on Saturday, August 8th. TD Cowen lowered their target price on FedEx from $426.00 to $354.00 in a report on Wednesday, June 24th. Finally, UBS Group dropped their price target on FedEx from $445.00 to $350.00 and set a “buy” rating on the stock in a research report on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, FedEx has an average rating of “Moderate Buy” and a consensus price target of $350.54.

Insider Activity at FedEx

In other FedEx news, Director Paul S. Walsh sold 5,042 shares of the firm’s stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $324.56, for a total value of $1,636,431.52. Following the completion of the sale, the director owned 16,359 shares in the company, valued at approximately $5,309,477.04. This trade represents a 23.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.65% of the company’s stock.

FedEx Stock Performance

NYSE:FDX opened at $333.54 on Wednesday. The firm’s 50-day moving average is $318.91 and its 200-day moving average is $351.31. The company has a market cap of $78.94 billion, a price-to-earnings ratio of 18.02, a PEG ratio of 1.72 and a beta of 1.30. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.44 and a current ratio of 1.48. FedEx Corporation has a 52-week low of $177.05 and a 52-week high of $345.36.

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

FedEx Dividend Announcement

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

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.