FedEx Corporation $FDX Shares Acquired by XML Financial LLC

XML Financial LLC boosted its position in FedEx Corporation (NYSE:FDX) by 8.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,181 shares of the shipping service provider’s stock after purchasing an additional 823 shares during the period. XML Financial LLC’s holdings in FedEx were worth $2,314,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Abound Financial LLC purchased a new position in FedEx in the first quarter worth $38,000. WPG Advisers LLC purchased a new position in shares of FedEx in the 1st quarter valued at about $43,000. Cary Street Partners Investment Advisory LLC lifted its stake in shares of FedEx by 60.7% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 188 shares of the shipping service provider’s stock valued at $46,000 after purchasing an additional 71 shares during the period. SOA Wealth Advisors LLC. boosted its holdings in FedEx by 60.6% during the first quarter. SOA Wealth Advisors LLC. now owns 249 shares of the shipping service provider’s stock worth $61,000 after buying an additional 94 shares in the last quarter. Finally, Alpine Bank Wealth Management acquired a new position in FedEx during the first quarter worth about $65,000. Institutional investors and hedge funds own 84.47% of the company’s stock.

Insider Buying and Selling at FedEx

In related news, Director R Brad Martin sold 2,123 shares of the firm’s stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $241.75, for a total value of $513,235.25. Following the sale, the director directly owned 8,935 shares of the company’s stock, valued at approximately $2,160,036.25. This trade represents a 19.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Paul S. Walsh sold 3,610 shares of the business’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 owned 15,513 shares of the company’s stock, 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. Insiders sold 9,343 shares of company stock worth $2,228,816 in the last 90 days. 0.53% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms have recently issued reports on FDX. Jefferies Financial Group lifted their price target on shares of FedEx from $275.00 to $280.00 and gave the company a “buy” rating in a research report on Friday, September 19th. Daiwa Capital Markets boosted their target price on FedEx from $232.00 to $240.00 and gave the stock a “neutral” rating in a research report on Monday, September 22nd. Truist Financial restated a “buy” rating and issued a $275.00 price target on shares of FedEx in a research report on Wednesday, June 25th. Susquehanna boosted their price objective on shares of FedEx from $285.00 to $300.00 and gave the stock a “positive” rating in a research report on Friday, September 19th. Finally, Citigroup increased their price objective on shares of FedEx from $275.00 to $279.00 and gave the company a “buy” rating in a research note on Friday, September 19th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $271.67.

FedEx Stock Performance

Shares of FDX opened at $236.53 on Tuesday. FedEx Corporation has a 1 year low of $194.29 and a 1 year high of $308.53. The company’s 50 day simple moving average is $229.52 and its 200 day simple moving average is $225.86. The company has a market capitalization of $55.81 billion, a price-to-earnings ratio of 13.81, a PEG ratio of 1.32 and a beta of 1.20. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.21 and a current ratio of 1.25.

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

FedEx Announces Dividend

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

FedEx Company 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.