SteelPeak Wealth LLC Raises Stake in FedEx Corporation $FDX

SteelPeak Wealth LLC boosted its holdings in shares of FedEx Corporation (NYSE:FDX) by 4.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,085 shares of the shipping service provider’s stock after acquiring an additional 271 shares during the period. SteelPeak Wealth LLC’s holdings in FedEx were worth $1,392,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of FDX. Abound Financial LLC purchased a new position in FedEx in the first quarter worth about $38,000. WPG Advisers LLC purchased a new position in FedEx in the first quarter worth about $43,000. Cary Street Partners Investment Advisory LLC raised its holdings in 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 worth $46,000 after buying an additional 71 shares during the last quarter. Alpine Bank Wealth Management purchased a new position in FedEx in the first quarter worth about $65,000. Finally, Motco raised its holdings in FedEx by 61.8% in the first quarter. Motco now owns 267 shares of the shipping service provider’s stock worth $65,000 after buying an additional 102 shares during the last quarter. 84.47% of the stock is owned by hedge funds and other institutional investors.

FedEx Stock Performance

Shares of FDX stock opened at $242.61 on Wednesday. The company has a 50 day moving average price of $230.03 and a 200-day moving average price of $225.94. The company has a quick ratio of 1.21, a current ratio of 1.25 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $57.25 billion, a PE ratio of 14.16, a P/E/G ratio of 1.37 and a beta of 1.28. FedEx Corporation has a 52 week low of $194.29 and a 52 week high of $308.53.

FedEx (NYSE:FDX) last announced its 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. The company had revenue of $22.20 billion during the quarter, compared to analyst estimates of $21.74 billion. FedEx had a net margin of 4.65% and a return on equity of 16.33%. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the previous year, the business posted $3.60 earnings per share. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. As a group, equities research analysts expect that FedEx Corporation will post 19.14 earnings per share for the current year.

FedEx Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Monday, September 8th were given a dividend of $1.45 per share. This represents a $5.80 annualized dividend and a yield of 2.4%. The ex-dividend date was Monday, September 8th. FedEx’s payout ratio is 33.86%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Truist Financial reaffirmed a “buy” rating and issued a $275.00 target price on shares of FedEx in a report on Wednesday, June 25th. BNP Paribas Exane raised shares of FedEx from an “underperform” rating to an “outperform” rating and set a $270.00 target price for the company in a report on Thursday, July 3rd. Susquehanna lifted their price target on shares of FedEx from $285.00 to $300.00 and gave the stock a “positive” rating in a research note on Friday, September 19th. Evercore ISI reduced their price target on shares of FedEx from $243.00 to $239.00 in a research note on Friday, September 19th. Finally, Vertical Research reduced their price target on shares of FedEx from $280.00 to $275.00 in a research note on Friday, September 19th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $271.67.

About FedEx

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.