FedEx Corporation $FDX Shares Bought by Financial Partners Group LLC

Financial Partners Group LLC grew its position in shares of FedEx Corporation (NYSE:FDX) by 2.1% during the second quarter, Holdings Channel reports. The firm owned 35,563 shares of the shipping service provider’s stock after acquiring an additional 728 shares during the quarter. FedEx makes up approximately 2.9% of Financial Partners Group LLC’s portfolio, making the stock its 16th biggest holding. Financial Partners Group LLC’s holdings in FedEx were worth $8,084,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its position in FedEx by 12.8% in the 4th quarter. Brighton Jones LLC now owns 1,825 shares of the shipping service provider’s stock valued at $514,000 after purchasing an additional 207 shares in the last quarter. Two Sigma Investments LP raised its position in FedEx by 98.1% in the 4th quarter. Two Sigma Investments LP now owns 10,700 shares of the shipping service provider’s stock valued at $3,010,000 after purchasing an additional 5,300 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in FedEx by 69.6% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 76,477 shares of the shipping service provider’s stock valued at $21,515,000 after purchasing an additional 31,376 shares in the last quarter. Versant Capital Management Inc raised its position in FedEx by 94.1% in the 1st quarter. Versant Capital Management Inc now owns 788 shares of the shipping service provider’s stock valued at $192,000 after purchasing an additional 382 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in FedEx by 18,202.1% in the 1st quarter. GAMMA Investing LLC now owns 545,586 shares of the shipping service provider’s stock valued at $133,003,000 after purchasing an additional 542,605 shares in the last quarter. 84.47% of the stock is currently owned by institutional investors and hedge funds.

FedEx Stock Performance

Shares of FDX stock opened at $237.89 on Friday. The stock’s 50-day moving average is $229.31 and its two-hundred day moving average is $226.01. The firm has a market cap of $56.13 billion, a price-to-earnings ratio of 13.89, a PEG ratio of 1.32 and a beta of 1.20. FedEx Corporation has a 1 year low of $194.29 and a 1 year high of $308.53. 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 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. 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 analyst estimates of $21.74 billion. During the same quarter last year, the company posted $3.60 earnings per share. The business’s revenue was up 3.1% on a year-over-year basis. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. Analysts predict that FedEx Corporation will post 19.14 earnings per share for the current year.

FedEx Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 8th will be issued a dividend of $1.45 per share. The ex-dividend date of this dividend is Monday, September 8th. This represents a $5.80 dividend on an annualized basis and a dividend yield of 2.4%. FedEx’s dividend payout ratio (DPR) is currently 33.86%.

Insider Buying and Selling

In other FedEx news, Director Marvin R. Ellison sold 3,610 shares of FedEx stock in a transaction that occurred on Wednesday, July 9th. The stock was sold at an average price of $236.94, for a total value of $855,353.40. Following the sale, the director owned 7,720 shares of the company’s stock, valued at approximately $1,829,176.80. The trade was a 31.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paul S. Walsh sold 3,610 shares of FedEx stock in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $238.29, for a total value of $860,226.90. Following the completion of the sale, the director directly owned 15,513 shares in the company, valued at $3,696,592.77. This represents a 18.88% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,343 shares of company stock valued at $2,228,816 over the last quarter. 0.53% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on FDX shares. The Goldman Sachs Group reduced their price target on FedEx from $290.00 to $276.00 and set a “buy” rating on the stock in a research report on Friday, September 12th. BMO Capital Markets dropped their target price on FedEx from $260.00 to $255.00 and set a “market perform” rating on the stock in a report on Friday, September 19th. Stifel Nicolaus dropped 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. Barclays reissued an “overweight” rating and issued a $320.00 target price (down previously from $330.00) on shares of FedEx in a report on Wednesday, June 25th. Finally, TD Cowen increased their target price on FedEx from $269.00 to $271.00 and gave the company a “buy” rating in a report on Friday, September 19th. One investment 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 company. According to data from MarketBeat.com, FedEx has an average rating of “Moderate Buy” and an average target price 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.