FedEx Corporation $FDX Shares Purchased by WealthPlan Investment Management LLC

WealthPlan Investment Management LLC boosted its stake in FedEx Corporation (NYSE:FDX) by 3.2% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 1,439 shares of the shipping service provider’s stock after purchasing an additional 44 shares during the period. WealthPlan Investment Management LLC’s holdings in FedEx were worth $327,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC increased its position in FedEx by 21.1% during the 1st quarter. Golden State Wealth Management LLC now owns 362 shares of the shipping service provider’s stock worth $88,000 after purchasing an additional 63 shares during the period. Sivia Capital Partners LLC acquired a new position in FedEx during the 2nd quarter worth approximately $586,000. Sage Capital Advisors llc increased its position in FedEx by 136.5% during the 2nd quarter. Sage Capital Advisors llc now owns 34,697 shares of the shipping service provider’s stock worth $7,887,000 after purchasing an additional 20,024 shares during the period. Value Partners Investments Inc. increased its position in FedEx by 26.4% during the 2nd quarter. Value Partners Investments Inc. now owns 181,454 shares of the shipping service provider’s stock worth $41,247,000 after purchasing an additional 37,950 shares during the period. Finally, Xcel Wealth Management LLC acquired a new position in FedEx during the 2nd quarter worth approximately $1,200,000. Institutional investors and hedge funds own 84.47% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on FDX shares. Raymond James Financial reiterated an “outperform” rating and set a $255.00 target price on shares of FedEx in a research report on Thursday, September 18th. Citigroup boosted their target price on FedEx from $275.00 to $279.00 and gave the stock a “buy” rating in a research report on Friday, September 19th. BMO Capital Markets lowered their price target on FedEx from $260.00 to $255.00 and set a “market perform” rating on the stock in a report on Friday, September 19th. TD Cowen upped their price target on FedEx from $269.00 to $271.00 and gave the stock a “buy” rating in a report on Friday, September 19th. Finally, BNP Paribas Exane upgraded FedEx from an “underperform” rating to an “outperform” rating and set a $270.00 price target on the stock in a report on Thursday, July 3rd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $271.83.

FedEx Stock Performance

FDX opened at $238.55 on Friday. The stock has a market cap of $56.29 billion, a P/E ratio of 13.93, a P/E/G ratio of 1.32 and a beta of 1.28. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.25 and a quick ratio of 1.21. The stock’s 50 day simple moving average is $231.90 and its 200 day simple moving average is $225.61. FedEx Corporation has a 1-year low of $194.29 and a 1-year high of $308.53.

FedEx (NYSE:FDX) last released its quarterly earnings results on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $21.74 billion. During the same quarter last year, the business posted $3.60 earnings per share. 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. As a group, equities analysts anticipate that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Announces Dividend

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

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.