Arista Wealth Management LLC Invests $227,000 in FedEx Corporation $FDX

Arista Wealth Management LLC bought a new position in shares of FedEx Corporation (NYSE:FDX) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,000 shares of the shipping service provider’s stock, valued at approximately $227,000.

A number of other large investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of FedEx by 1.4% during the first 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. Valeo Financial Advisors LLC increased its stake in FedEx by 28,080.9% during the 2nd quarter. Valeo Financial Advisors LLC now owns 3,743,557 shares of the shipping service provider’s stock worth $850,948,000 after acquiring an additional 3,730,273 shares during the period. Invesco Ltd. increased its stake in shares of FedEx by 1.4% in the 1st 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 during the last quarter. Hotchkis & Wiley Capital Management LLC increased its stake in shares of FedEx by 7.1% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 2,030,687 shares of the shipping service provider’s stock valued at $495,041,000 after purchasing an additional 135,290 shares during the last quarter. Finally, ACR Alpine Capital Research LLC increased its stake in shares of FedEx by 85.9% in the 1st quarter. ACR Alpine Capital Research LLC now owns 1,585,033 shares of the shipping service provider’s stock valued at $386,399,000 after purchasing an additional 732,266 shares during the last quarter. Institutional investors own 84.47% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Daiwa Capital Markets lifted their price target on FedEx from $232.00 to $240.00 and gave the company a “neutral” rating in a research note on Monday, September 22nd. BNP Paribas Exane upgraded FedEx from an “underperform” rating to an “outperform” rating and set a $270.00 price target on the stock in a research note on Thursday, July 3rd. Wall Street Zen upgraded FedEx from a “hold” rating to a “buy” rating in a research note on Sunday, October 12th. Barclays reiterated an “overweight” rating and issued a $320.00 price target (down previously from $330.00) on shares of FedEx in a research note on Wednesday, June 25th. Finally, Jefferies Financial Group raised their price objective on FedEx from $275.00 to $280.00 and gave the company a “buy” rating in a report on Friday, September 19th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $271.83.

FedEx Trading Up 0.7%

NYSE FDX opened at $238.55 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.25 and a debt-to-equity ratio of 0.73. FedEx Corporation has a twelve month low of $194.29 and a twelve month high of $308.53. The company has a market cap of $56.29 billion, a price-to-earnings ratio of 13.93, a price-to-earnings-growth ratio of 1.32 and a beta of 1.28. The business’s fifty day moving average is $231.90 and its 200 day moving average is $225.61.

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

FedEx Dividend Announcement

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