Stratos Wealth Partners LTD. Has $2.15 Million Stake in FedEx Corporation $FDX

Stratos Wealth Partners LTD. grew its holdings in shares of FedEx Corporation (NYSE:FDX) by 5.7% in the 2nd quarter, Holdings Channel reports. The fund owned 9,436 shares of the shipping service provider’s stock after buying an additional 513 shares during the period. Stratos Wealth Partners LTD.’s holdings in FedEx were worth $2,145,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Golden State Wealth Management LLC increased its stake in shares of FedEx by 21.1% in the first quarter. Golden State Wealth Management LLC now owns 362 shares of the shipping service provider’s stock valued at $88,000 after buying an additional 63 shares during the period. Sivia Capital Partners LLC acquired a new position in shares of FedEx in the second quarter valued at approximately $586,000. Sage Capital Advisors llc increased its stake in shares of FedEx by 136.5% in the second quarter. Sage Capital Advisors llc now owns 34,697 shares of the shipping service provider’s stock valued at $7,887,000 after buying an additional 20,024 shares during the period. Value Partners Investments Inc. increased its stake in shares of FedEx by 26.4% in the second quarter. Value Partners Investments Inc. now owns 181,454 shares of the shipping service provider’s stock valued at $41,247,000 after buying an additional 37,950 shares during the period. Finally, Xcel Wealth Management LLC acquired a new position in shares of FedEx in the second quarter valued at approximately $1,200,000. Institutional investors and hedge funds own 84.47% of the company’s stock.

FedEx Price Performance

FedEx stock opened at $238.55 on Monday. The stock has a market capitalization of $56.29 billion, a price-to-earnings ratio of 13.93, a PEG ratio of 1.33 and a beta of 1.28. FedEx Corporation has a 52-week low of $194.29 and a 52-week high of $308.53. The stock’s 50 day moving average price is $231.90 and its two-hundred day moving average price is $225.54. 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 posted its quarterly earnings results on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.71 by $0.12. The firm had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $21.74 billion. FedEx had a return on equity of 16.33% and a net margin of 4.65%.The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the prior year, the business earned $3.60 EPS. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. On average, equities analysts predict that FedEx Corporation will post 19.14 earnings per share for the current year.

FedEx Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. The Goldman Sachs Group reduced their target price on FedEx from $290.00 to $276.00 and set a “buy” rating on the stock in a report on Friday, September 12th. Daiwa Capital Markets upped their target price on FedEx from $232.00 to $240.00 and gave the company a “neutral” rating in a report on Monday, September 22nd. Stifel Nicolaus reduced their target price on FedEx from $308.00 to $296.00 and set a “buy” rating on the stock in a report on Wednesday, September 17th. Raymond James Financial reiterated an “outperform” rating and issued a $255.00 target price on shares of FedEx in a report on Thursday, September 18th. Finally, Susquehanna upped their target price on FedEx from $285.00 to $300.00 and gave the company a “positive” rating in a report on Friday, September 19th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $271.83.

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.