Gries Financial LLC Purchases 395 Shares of FedEx Corporation $FDX

Gries Financial LLC grew its position in FedEx Corporation (NYSE:FDX) by 3.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,846 shares of the shipping service provider’s stock after purchasing an additional 395 shares during the quarter. Gries Financial LLC’s holdings in FedEx were worth $2,693,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of FDX. Aaron Wealth Advisors LLC grew its stake in shares of FedEx by 2.6% in the first quarter. Aaron Wealth Advisors LLC now owns 1,875 shares of the shipping service provider’s stock worth $457,000 after acquiring an additional 48 shares during the last quarter. SouthState Corp grew its stake in shares of FedEx by 3.5% in the first quarter. SouthState Corp now owns 1,431 shares of the shipping service provider’s stock worth $349,000 after acquiring an additional 48 shares during the last quarter. Benin Management CORP grew its stake in shares of FedEx by 0.3% in the first quarter. Benin Management CORP now owns 16,198 shares of the shipping service provider’s stock worth $3,949,000 after acquiring an additional 50 shares during the last quarter. Evanson Asset Management LLC grew its stake in shares of FedEx by 6.0% in the first quarter. Evanson Asset Management LLC now owns 879 shares of the shipping service provider’s stock worth $214,000 after acquiring an additional 50 shares during the last quarter. Finally, Hendershot Investments Inc. grew its stake in shares of FedEx by 4.3% in the first quarter. Hendershot Investments Inc. now owns 1,207 shares of the shipping service provider’s stock worth $294,000 after acquiring an additional 50 shares during the last quarter. Institutional investors own 84.47% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on FDX. Dbs Bank upgraded shares of FedEx from a “hold” rating to a “moderate buy” rating in a research note on Thursday, August 21st. UBS Group lifted their price target on shares of FedEx from $293.00 to $314.00 and gave the stock a “buy” rating in a research note on Friday. Vertical Research decreased their price target on shares of FedEx from $280.00 to $275.00 in a research note on Friday. HSBC lifted their price target on shares of FedEx from $230.00 to $235.00 in a research note on Friday. Finally, Truist Financial reiterated a “buy” rating and set a $275.00 price target on shares of FedEx in a research note on Wednesday, June 25th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $271.67.

FedEx Stock Performance

Shares of NYSE:FDX opened at $230.40 on Tuesday. The company has a current ratio of 1.25, a quick ratio of 1.21 and a debt-to-equity ratio of 0.73. FedEx Corporation has a 1-year low of $194.29 and a 1-year high of $308.53. The stock has a market capitalization of $54.36 billion, a P/E ratio of 13.45, a P/E/G ratio of 1.34 and a beta of 1.20. The business has a 50-day moving average price of $228.77 and a two-hundred day moving average price of $226.13.

FedEx (NYSE:FDX) last released its earnings results on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.71 by $0.12. FedEx had a net margin of 4.65% and a return on equity of 16.33%. The company had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $21.74 billion. During the same period in the prior year, the company posted $3.60 EPS. The company’s revenue was up 3.1% compared to the same quarter last year. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. Equities analysts predict that FedEx Corporation will post 19.14 earnings per share for the current year.

FedEx Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 8th will be given a dividend of $1.45 per share. The ex-dividend date is Monday, September 8th. This represents a $5.80 dividend on an annualized basis and a yield of 2.5%. FedEx’s dividend payout ratio is presently 33.86%.

Insider Buying and Selling at FedEx

In other FedEx news, Director Marvin R. Ellison sold 3,610 shares of the company’s stock in a transaction dated Wednesday, July 9th. The shares were sold at an average price of $236.94, for a total transaction of $855,353.40. Following the transaction, the director directly owned 7,720 shares in the company, valued at approximately $1,829,176.80. This represents a 31.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Paul S. Walsh sold 3,610 shares of the company’s stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $238.29, for a total transaction of $860,226.90. Following the transaction, the director owned 15,513 shares in the company, valued at approximately $3,696,592.77. The trade was a 18.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,343 shares of company stock worth $2,228,816. Company insiders own 0.53% of the company’s stock.

FedEx Profile

FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. It operates through FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services segments. The FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; and time-critical transportation services.