5,277 Shares in FedEx Corporation $FDX Acquired by Xcel Wealth Management LLC

Xcel Wealth Management LLC purchased a new stake in FedEx Corporation (NYSE:FDX) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 5,277 shares of the shipping service provider’s stock, valued at approximately $1,200,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in FedEx by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 20,489,161 shares of the shipping service provider’s stock worth $4,994,848,000 after purchasing an additional 289,655 shares during the period. Invesco Ltd. lifted its holdings in shares of FedEx by 1.4% in the first quarter. Invesco Ltd. now owns 3,264,993 shares of the shipping service provider’s stock valued at $795,940,000 after purchasing an additional 43,989 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its position in shares of FedEx by 7.1% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 2,030,687 shares of the shipping service provider’s stock worth $495,041,000 after buying an additional 135,290 shares during the period. ACR Alpine Capital Research LLC grew its holdings in shares of FedEx by 85.9% during the first quarter. ACR Alpine Capital Research LLC now owns 1,585,033 shares of the shipping service provider’s stock worth $386,399,000 after buying an additional 732,266 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in FedEx by 0.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,506,226 shares of the shipping service provider’s stock valued at $367,188,000 after buying an additional 5,490 shares during the last quarter. Institutional investors and hedge funds own 84.47% of the company’s stock.

FedEx Stock Up 0.1%

FDX stock opened at $233.94 on Thursday. FedEx Corporation has a 1-year low of $194.29 and a 1-year high of $308.53. The business’s 50 day simple moving average is $228.93 and its 200 day simple moving average is $226.23. The company has a current ratio of 1.25, a quick ratio of 1.21 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $55.20 billion, a PE ratio of 13.66, a PEG ratio of 1.30 and a beta of 1.20.

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

FedEx Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 8th will be paid a $1.45 dividend. 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 33.86%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Daiwa Capital Markets upped their price target on FedEx from $232.00 to $240.00 and gave the stock a “neutral” rating in a research report on Monday. Wall Street Zen cut shares of FedEx from a “buy” rating to a “hold” rating in a report on Saturday, August 16th. HSBC lifted their price target on shares of FedEx from $230.00 to $235.00 in a research note on Friday, September 19th. Cowen restated a “buy” rating on shares of FedEx in a research note on Wednesday, June 25th. Finally, Evercore ISI lowered their target price on FedEx from $243.00 to $239.00 in a research report on Friday, September 19th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, FedEx presently has an average rating of “Moderate Buy” and an average price target of $271.67.

Insider Buying and Selling at FedEx

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

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.