Pure Financial Advisors LLC Acquires 338 Shares of FedEx Corporation $FDX

Pure Financial Advisors LLC lifted its holdings in shares of FedEx Corporation (NYSE:FDX) by 22.1% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 1,864 shares of the shipping service provider’s stock after purchasing an additional 338 shares during the quarter. Pure Financial Advisors LLC’s holdings in FedEx were worth $424,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Brighton Jones LLC lifted its holdings in FedEx by 12.8% during the 4th quarter. Brighton Jones LLC now owns 1,825 shares of the shipping service provider’s stock worth $514,000 after purchasing an additional 207 shares during the last quarter. NBC Securities Inc. acquired a new stake in FedEx during the 1st quarter worth approximately $147,000. Merit Financial Group LLC lifted its holdings in FedEx by 54.7% during the 1st quarter. Merit Financial Group LLC now owns 4,374 shares of the shipping service provider’s stock worth $1,066,000 after purchasing an additional 1,546 shares during the last quarter. RFG Advisory LLC lifted its holdings in FedEx by 26.8% during the 1st quarter. RFG Advisory LLC now owns 1,312 shares of the shipping service provider’s stock worth $320,000 after purchasing an additional 277 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. lifted its holdings in FedEx by 19.3% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 4,992 shares of the shipping service provider’s stock worth $1,217,000 after purchasing an additional 809 shares during the last quarter. 84.47% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

FDX has been the subject of several research reports. Truist Financial reissued a “buy” rating and set a $275.00 price target on shares of FedEx in a report on Wednesday, June 25th. BMO Capital Markets dropped their price target on FedEx from $260.00 to $255.00 and set a “market perform” rating for the company in a report on Friday, September 19th. Citigroup lifted their price objective on FedEx from $275.00 to $279.00 and gave the company a “buy” rating in a report on Friday, September 19th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of FedEx in a report on Saturday, September 27th. Finally, Wells Fargo & Company lifted their price objective on FedEx from $235.00 to $250.00 and gave the company an “equal weight” 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, ten have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $271.67.

Insider Activity

In related news, Director R Brad Martin sold 2,123 shares of the business’s stock in a transaction on Monday, July 7th. The stock was sold at an average price of $241.75, for a total transaction of $513,235.25. Following the sale, the director owned 8,935 shares in the company, valued at $2,160,036.25. The trade was a 19.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Marvin R. Ellison sold 3,610 shares of the business’s stock in a transaction 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 in the company, valued at $1,829,176.80. This represents a 31.86% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,343 shares of company stock worth $2,228,816. Insiders own 0.53% of the company’s stock.

FedEx Trading Up 0.7%

Shares of FDX opened at $244.14 on Friday. FedEx Corporation has a 52-week low of $194.29 and a 52-week high of $308.53. The business’s fifty day moving average is $229.77 and its 200-day moving average is $226.00. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.21 and a current ratio of 1.25. The firm has a market cap of $57.61 billion, a price-to-earnings ratio of 14.25, a PEG ratio of 1.34 and a beta of 1.28.

FedEx (NYSE:FDX) last issued its quarterly earnings results on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.71 by $0.12. FedEx had a return on equity of 16.33% and a net margin of 4.65%.The company 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 EPS. 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. Equities analysts anticipate that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Dividend Announcement

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

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.