SYM FINANCIAL Corp Takes $274,000 Position in FedEx Corporation $FDX

SYM FINANCIAL Corp purchased a new stake in FedEx Corporation (NYSE:FDX) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,203 shares of the shipping service provider’s stock, valued at approximately $274,000.

A number of other large investors also recently bought and sold shares of the business. WealthPlan Investment Management LLC raised its stake in FedEx by 3.2% in the second quarter. WealthPlan Investment Management LLC now owns 1,439 shares of the shipping service provider’s stock worth $327,000 after buying an additional 44 shares in the last quarter. Aaron Wealth Advisors LLC grew its position in FedEx by 2.6% during the 1st quarter. Aaron Wealth Advisors LLC now owns 1,875 shares of the shipping service provider’s stock worth $457,000 after purchasing an additional 48 shares during the period. SouthState Corp grew its position in FedEx by 3.5% during the 1st quarter. SouthState Corp now owns 1,431 shares of the shipping service provider’s stock worth $349,000 after purchasing an additional 48 shares during the period. Hendershot Investments Inc. grew its position in FedEx by 4.3% during the 1st quarter. Hendershot Investments Inc. now owns 1,207 shares of the shipping service provider’s stock worth $294,000 after purchasing an additional 50 shares during the period. Finally, Loudon Investment Management LLC boosted its stake in shares of FedEx by 5.0% during the 2nd quarter. Loudon Investment Management LLC now owns 1,050 shares of the shipping service provider’s stock worth $239,000 after acquiring an additional 50 shares in the last quarter. Institutional investors own 84.47% of the company’s stock.

FedEx Stock Up 2.6%

FDX opened at $247.41 on Tuesday. The stock has a market cap of $58.38 billion, a PE ratio of 14.44, a P/E/G ratio of 1.34 and a beta of 1.28. 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 52 week low of $194.29 and a 52 week high of $308.53. The business’s fifty day simple moving average is $233.44 and its 200 day simple moving average is $226.96.

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

FedEx Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Monday, September 8th were paid a dividend of $1.45 per share. This represents a $5.80 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Monday, September 8th. FedEx’s dividend payout ratio (DPR) is 33.86%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on FDX. Wells Fargo & Company raised their price target on shares of FedEx from $235.00 to $250.00 and gave the company an “equal weight” rating in a research note on Friday, September 19th. Citigroup lifted their target price on shares of FedEx from $275.00 to $279.00 and gave the company a “buy” rating in a report on Friday, September 19th. Wall Street Zen upgraded FedEx from a “hold” rating to a “buy” rating in a report on Sunday, October 12th. Susquehanna boosted their target price 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. Finally, Stephens restated an “overweight” rating and set a $260.00 price target on shares of FedEx in a research note on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $271.83.

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.