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After a Year of 5.0% Returns, FedEx Corporation's (NYSE:FDX) Share Price Drop Last Week May Have Less of an Impact on Institutional Investors

After a Year of 5.0% Returns, FedEx Corporation's (NYSE:FDX) Share Price Drop Last Week May Have Less of an Impact on Institutional Investors

經過一年5.0%的回報,聯邦快遞公司(紐交所:FDX)上週股價下跌可能對機構投資者的影響較小
Simply Wall St ·  12/09 23:40

Key Insights

主要見解

  • Significantly high institutional ownership implies FedEx's stock price is sensitive to their trading actions
  • The top 14 shareholders own 50% of the company
  • Analyst forecasts along with ownership data serve to give a strong idea about prospects for a business
  • 顯著的高機構持股意味着聯邦快遞的股價對他們的交易行爲非常敏感。
  • 前14名股東持有該公司50%的股權。
  • 分析師預測以及所有者數據可以給我們提供有關業務前景的強烈想法。

To get a sense of who is truly in control of FedEx Corporation (NYSE:FDX), it is important to understand the ownership structure of the business. The group holding the most number of shares in the company, around 79% to be precise, is institutions. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn).

要了解誰真正掌控着聯邦快遞公司(紐交所:FDX),理解其所有權結構非常重要。持有公司最多股份的群體,大約佔79%,是機構。也就是說,如果股票上漲,這個群體將受益最多(如果出現下跌,他們將損失最多)。

Institutional investors endured the highest losses after the company's market cap fell by US$3.9b last week. However, the 5.0% one-year returns may have helped alleviate their overall losses. We would assume however, that they would be on the lookout for weakness in the future.

機構投資者在公司市值上週下降39億美元后遭受了最高損失。然而,5.0%的年回報率可能幫助減輕了他們的整體損失。不過,我們假設他們將留意未來的弱點。

Let's take a closer look to see what the different types of shareholders can tell us about FedEx.

讓我們仔細看看不同類型的股東能告訴我們關於聯邦快遞的哪些信息。

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NYSE:FDX Ownership Breakdown December 9th 2024
紐交所:FDX 2024年12月9日的所有權分解

What Does The Institutional Ownership Tell Us About FedEx?

機構所有權對聯邦快遞有何影響?

Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices.

許多機構衡量其業績的標準是一個近似於當地市場的指數。因此,他們通常更加關注包括在主要指數中的公司。

FedEx already has institutions on the share registry. Indeed, they own a respectable stake in the company. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of FedEx, (below). Of course, keep in mind that there are other factors to consider, too.

聯邦快遞已經在股票登記冊上有機構投資者。事實上,他們在公司中擁有可觀的股份。這可以表明該公司在投資社區中具有一定的可信度。然而,最好小心依賴於機構投資者所帶來的所謂驗證。他們有時也會犯錯。如果兩個大型機構投資者同時試圖賣出一隻股票,股價大幅下跌並不罕見。因此,查看聯邦快遞過去的盈利軌跡是值得的(如下所示)。當然,也要記住還有其他因素需要考慮。

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NYSE:FDX Earnings and Revenue Growth December 9th 2024
紐交所:FDX 收益和營業收入增長 2024年12月9日

Since institutional investors own more than half the issued stock, the board will likely have to pay attention to their preferences. FedEx is not owned by hedge funds. The company's largest shareholder is The Vanguard Group, Inc., with ownership of 8.2%. Frederick Smith is the second largest shareholder owning 8.0% of common stock, and BlackRock, Inc. holds about 6.1% of the company stock. Frederick Smith, who is the second-largest shareholder, also happens to hold the title of Top Key Executive.

由於機構投資者持有超過一半的已發行股票,董事會可能需要注意他們的偏好。聯邦快遞並不被對沖基金所持有。公司的最大股東是先鋒集團公司,擁有8.2%的股份。弗雷德裏克·史密斯是第二大股東,擁有8.0%的普通股,而黑巖公司持有大約6.1%的公司股票。弗雷德裏克·史密斯作爲第二大股東,恰好還擔任高層關鍵執行官的職務。

After doing some more digging, we found that the top 14 have the combined ownership of 50% in the company, suggesting that no single shareholder has significant control over the company.

經過更深入的挖掘,我們發現前14名股東合計持有該公司的50%股權,表明沒有單一股東對該公司有重大控制權。

While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. There are plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too.

儘管研究公司的機構所有權可以爲您的研究增加價值,但研究分析師的建議也是一個好習慣,以深入了解股票的預期表現。有許多分析師對這支股票進行了覆蓋,因此了解他們的預測可能值得一試。

Insider Ownership Of FedEx

聯邦快遞的內部持股

The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO.

在不同國家,內部人員的定義可能會略有不同,但董事會成員始終是內部人員。管理層最終向董事會負責。然而,如果管理人員是創始人或CEO,那麼成爲執行董事會成員也是很常見的。

I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions.

我通常認爲內部人士持股是一件好事。但是,在某些情況下,它會使其他股東更難以對董事會的決定進行問責。

Shareholders would probably be interested to learn that insiders own shares in FedEx Corporation. The insiders have a meaningful stake worth US$5.7b. Most would say this shows a good alignment of interests between shareholders and the board. Still, it might be worth checking if those insiders have been selling.

股東們可能會對內部人員持有聯邦快遞公司股份感興趣。這些內部人員擁有價值57億美金的股份。大多數人會認爲這顯示出股東與董事會之間的利益很好地一致。不過,可能值得檢查一下這些內部人員是否進行了賣出。

General Public Ownership

一般大衆所有權

The general public, who are usually individual investors, hold a 13% stake in FedEx. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders.

一般公衆,通常是個人投資者,在聯邦快遞中持有13%的股份。儘管這個所有權規模相當可觀,但如果決定與其他大型股東不同,可能不足以改變公司的政策。

Next Steps:

下一步:

I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. Consider for instance, the ever-present spectre of investment risk. We've identified 1 warning sign with FedEx , and understanding them should be part of your investment process.

我發現了解一個公司到底由誰持有是非常有趣的。但要真正獲得洞察,我們還需要考慮其他信息。 例如,投資風險的無處不在的幽靈。 我們已經識別出聯邦快遞的一個警告信號,理解這些信號應該是您投資過程的一部分。

But ultimately it is the future, not the past, that will determine how well the owners of this business will do. Therefore we think it advisable to take a look at this free report showing whether analysts are predicting a brighter future.

但最終,決定該業務所有者將獲得多大利益的是未來而非過去。因此,我們認爲最好查看此免費報告,以了解分析師是否預測更光明的未來。

NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.

注:本文中的數據是使用最後一個財務報表日期結束的爲期12個月的數據計算的。這可能與全年年度報告數據不一致。

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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Simply Wall St的這篇文章是一般性質的。我們僅基於歷史數據和分析師預測提供評論,使用公正的方法,我們的文章並非意在提供財務建議。這並不構成買入或賣出任何股票的建議,並且不考慮您的目標或財務狀況。我們旨在爲您帶來基於基礎數據驅動的長期聚焦分析。請注意,我們的分析可能未考慮最新的價格敏感公司公告或定性材料。Simply Wall St對提及的任何股票都沒有持倉。

譯文內容由第三人軟體翻譯。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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