Journey Strategic Wealth LLC Has $557,000 Holdings in FedEx Corporation $FDX

Journey Strategic Wealth LLC lifted its position in FedEx Corporation (NYSE:FDX) by 15.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,449 shares of the shipping service provider’s stock after buying an additional 324 shares during the quarter. Journey Strategic Wealth LLC’s holdings in FedEx were worth $557,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its stake 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 during the last quarter. Kovack Advisors Inc. increased its position in FedEx by 2.8% during the first quarter. Kovack Advisors Inc. now owns 2,428 shares of the shipping service provider’s stock worth $592,000 after buying an additional 67 shares during the last quarter. Avantax Advisory Services Inc. raised its stake in FedEx by 2.1% in the first quarter. Avantax Advisory Services Inc. now owns 15,147 shares of the shipping service provider’s stock valued at $3,693,000 after buying an additional 312 shares during the period. Cetera Investment Advisers lifted its position in shares of FedEx by 0.3% in the first quarter. Cetera Investment Advisers now owns 83,812 shares of the shipping service provider’s stock valued at $20,432,000 after buying an additional 224 shares during the last quarter. Finally, HB Wealth Management LLC lifted its position in shares of FedEx by 11.4% in the first quarter. HB Wealth Management LLC now owns 29,276 shares of the shipping service provider’s stock valued at $7,137,000 after buying an additional 3,007 shares during the last quarter. 84.47% of the stock is owned by institutional investors.

FedEx Stock Up 2.5%

FDX stock opened at $269.55 on Friday. FedEx Corporation has a fifty-two week low of $194.29 and a fifty-two week high of $308.53. 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 has a market capitalization of $63.60 billion, a price-to-earnings ratio of 15.74, a PEG ratio of 1.40 and a beta of 1.31. The business’s fifty day moving average price is $245.20 and its two-hundred day moving average price is $233.55.

FedEx (NYSE:FDX) last released its quarterly earnings results on Thursday, September 18th. The shipping service provider reported $3.83 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $21.74 billion. During the same period in the prior year, the company 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. On average, equities analysts anticipate that FedEx Corporation will post 19.14 earnings per share for the current year.

FedEx Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Monday, December 15th will be issued a dividend of $1.45 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $5.80 annualized dividend and a dividend yield of 2.2%. FedEx’s dividend payout ratio (DPR) is currently 33.86%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Wells Fargo & Company boosted their target price on FedEx from $250.00 to $280.00 and gave the stock an “equal weight” rating in a report on Friday, November 7th. Raymond James Financial reaffirmed an “outperform” rating and set a $255.00 price objective on shares of FedEx in a research report on Thursday, September 18th. Evercore ISI decreased their price objective on shares of FedEx from $243.00 to $239.00 in a report on Friday, September 19th. Susquehanna raised their target price on shares of FedEx from $285.00 to $300.00 and gave the stock a “positive” rating in a research note on Friday, September 19th. Finally, TD Cowen lifted their target price on shares of FedEx from $269.00 to $271.00 and gave the stock a “buy” rating in a report on Friday, September 19th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $276.13.

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.