1,090 Shares in FedEx Corporation $FDX Bought by GSB Wealth Management LLC

Key Points

• GSB Wealth Management LLC acquired 1,090 shares of FedEx Corporation worth approximately $248,000 during the 2nd quarter, reflecting institutional interest in the company.
• FedEx reported quarterly earnings of $3.83 per share, beating estimates, with revenues of $22.20 billion, a 3.1% increase from the previous year.
• A quarterly dividend of $1.45 per share will be paid on October 1st, representing a 2.5% yield with a payout ratio of 33.86%.

GSB Wealth Management LLC purchased a new position in shares of FedEx Corporation (NYSE:FDX - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,090 shares of the shipping service provider's stock, valued at approximately $248,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Abound Financial LLC purchased a new stake in FedEx during the 1st quarter worth $38,000. Ameriflex Group Inc. purchased a new stake in FedEx during the 4th quarter worth $43,000. WPG Advisers LLC purchased a new stake in FedEx during the 1st quarter worth $43,000. Cary Street Partners Investment Advisory LLC increased its stake in FedEx by 60.7% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 188 shares of the shipping service provider's stock worth $46,000 after buying an additional 71 shares during the period. Finally, Mascagni Wealth Management Inc. purchased a new stake in FedEx during the 4th quarter worth $70,000. Hedge funds and other institutional investors own 84.47% of the company's stock.

FedEx Price Performance

Shares of NYSE:FDX opened at $233.76 on Wednesday. The company has a quick ratio of 1.21, a current ratio of 1.25 and a debt-to-equity ratio of 0.73. FedEx Corporation has a fifty-two week low of $194.29 and a fifty-two week high of $308.53. The firm has a 50-day simple moving average of $228.82 and a 200 day simple moving average of $226.18. The company has a market cap of $55.16 billion, a PE ratio of 13.65, a P/E/G ratio of 1.28 and a beta of 1.20.

FedEx (NYSE:FDX - Get Free Report) last announced 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 the consensus estimate of $21.74 billion. During the same quarter in the prior year, the firm earned $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. On average, sell-side analysts anticipate that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 8th will be paid a dividend of $1.45 per share. This represents a $5.80 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Monday, September 8th. FedEx's payout ratio is presently 33.86%.

Analyst Upgrades and Downgrades

FDX has been the subject of several research analyst reports. BMO Capital Markets dropped their target price on shares of FedEx from $260.00 to $255.00 and set a "market perform" rating for the company in a research report on Friday. TD Cowen boosted their target price on shares of FedEx from $269.00 to $271.00 and gave the stock a "buy" rating in a research report on Friday, September 19th. Stifel Nicolaus dropped their target price on shares of FedEx from $308.00 to $296.00 and set a "buy" rating for the company in a research report on Wednesday, September 17th. Jefferies Financial Group boosted their target price on shares of FedEx from $275.00 to $280.00 and gave the stock a "buy" rating in a research report on Friday, September 19th. Finally, Dbs Bank raised shares of FedEx from a "hold" rating to a "moderate buy" rating in a research report on Thursday, August 21st. One investment 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's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $271.67.

Insider Buying and Selling at FedEx

In other FedEx news, Director R Brad Martin sold 2,123 shares of the business's stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $241.75, for a total transaction of $513,235.25. Following the completion of the transaction, the director directly owned 8,935 shares of the company's stock, valued at $2,160,036.25. The trade was a 19.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Paul S. Walsh sold 3,610 shares of the business's stock in a transaction dated 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 directly owned 15,513 shares of the company's stock, valued at $3,696,592.77. The trade was a 18.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,343 shares of company stock valued at $2,228,816 in the last ninety days. Company 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.

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