Philip James Wealth Mangement LLC Purchases 741 Shares of FedEx Corporation $FDX

Philip James Wealth Mangement LLC grew its position in shares of FedEx Corporation (NYSE:FDX) by 2.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,404 shares of the shipping service provider’s stock after buying an additional 741 shares during the quarter. Philip James Wealth Mangement LLC’s holdings in FedEx were worth $6,002,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the company. Pure Financial Advisors LLC lifted its position in shares of FedEx by 22.1% during the 2nd quarter. Pure Financial Advisors LLC now owns 1,864 shares of the shipping service provider’s stock worth $424,000 after buying an additional 338 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of FedEx by 14.8% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 67,561 shares of the shipping service provider’s stock worth $15,357,000 after buying an additional 8,733 shares in the last quarter. Loudon Investment Management LLC lifted its position 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 buying an additional 50 shares in the last quarter. Panoramic Capital Partners LLC bought a new position in shares of FedEx during the 2nd quarter worth approximately $210,000. Finally, PFG Investments LLC lifted its position in shares of FedEx by 4.6% during the 2nd quarter. PFG Investments LLC now owns 4,614 shares of the shipping service provider’s stock worth $1,049,000 after buying an additional 201 shares in the last quarter. Institutional investors own 84.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on FDX. Barclays reaffirmed an “overweight” rating and issued a $320.00 price target (down previously from $330.00) on shares of FedEx in a report on Wednesday, June 25th. The Goldman Sachs Group lowered their price target on shares of FedEx from $290.00 to $276.00 and set a “buy” rating on the stock in a report on Friday, September 12th. UBS Group lifted their price target on shares of FedEx from $293.00 to $314.00 and gave the stock a “buy” rating in a report on Friday, September 19th. Cowen reaffirmed a “buy” rating on shares of FedEx in a report on Wednesday, June 25th. Finally, Jefferies Financial Group lifted their price target on shares of FedEx from $275.00 to $280.00 and gave the stock a “buy” rating in a report on Friday, September 19th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, FedEx has an average rating of “Moderate Buy” and an average target price of $271.67.

FedEx Stock Up 1.6%

FedEx stock opened at $239.60 on Thursday. FedEx Corporation has a 1-year low of $194.29 and a 1-year high of $308.53. The firm has a market capitalization of $56.54 billion, a price-to-earnings ratio of 13.99, a P/E/G ratio of 1.31 and a beta of 1.28. The company has a current ratio of 1.25, a quick ratio of 1.21 and a debt-to-equity ratio of 0.73. The firm has a 50 day simple moving average of $229.64 and a 200 day simple moving average of $226.03.

FedEx (NYSE:FDX) last released its quarterly earnings data on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share for the quarter, beating analysts’ consensus estimates of $3.71 by $0.12. FedEx had a net margin of 4.65% and a return on equity of 16.33%. The business had revenue of $22.20 billion during the quarter, compared to analyst estimates of $21.74 billion. During the same period in the previous year, the business earned $3.60 EPS. FedEx’s revenue was up 3.1% compared to the same quarter last year. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. On average, analysts predict that FedEx Corporation will post 19.14 earnings per share for the current year.

FedEx Dividend Announcement

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

Insider Activity at FedEx

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

FedEx 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.