Avantra Family Wealth Inc. Invests $273,000 in FedEx Corporation $FDX

Key Points

• Avantra Family Wealth Inc. invested approximately $273,000 in FedEx Corporation during the second quarter, acquiring 1,202 shares of the company's stock.
• FedEx reported quarterly earnings of $3.83 per share, surpassing analysts' estimates of $3.71, with a 3.1% year-over-year revenue increase to $22.20 billion.
• The company's dividend yield stands at 2.3%, following a recent quarterly dividend payment of $1.45 per share.

Avantra Family Wealth Inc. bought a new position in shares of FedEx Corporation (NYSE:FDX - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,202 shares of the shipping service provider's stock, valued at approximately $273,000.

Several other hedge funds have also made changes to their positions in FDX. Valeo Financial Advisors LLC boosted its stake in shares of FedEx by 28,080.9% during the second quarter. Valeo Financial Advisors LLC now owns 3,743,557 shares of the shipping service provider's stock worth $850,948,000 after buying an additional 3,730,273 shares during the period. Nuveen LLC acquired a new stake in shares of FedEx during the first quarter worth about $314,650,000. ACR Alpine Capital Research LLC boosted its stake in shares of FedEx by 85.9% during the first quarter. ACR Alpine Capital Research LLC now owns 1,585,033 shares of the shipping service provider's stock worth $386,399,000 after buying an additional 732,266 shares during the period. Vanguard Group Inc. boosted its stake in shares of FedEx by 1.4% during the first quarter. Vanguard Group Inc. now owns 20,489,161 shares of the shipping service provider's stock worth $4,994,848,000 after buying an additional 289,655 shares during the period. Finally, Canada Pension Plan Investment Board lifted its position in FedEx by 302.6% in the first quarter. Canada Pension Plan Investment Board now owns 352,296 shares of the shipping service provider's stock valued at $85,883,000 after purchasing an additional 264,792 shares during the period. Institutional investors and hedge funds own 84.47% of the company's stock.

FedEx Trading Up 1.1%

Shares of FedEx stock opened at $247.23 on Tuesday. FedEx Corporation has a 12-month low of $194.29 and a 12-month high of $308.53. 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 stock has a market cap of $58.34 billion, a PE ratio of 14.43, a price-to-earnings-growth ratio of 1.36 and a beta of 1.28. The company has a 50-day moving average of $229.86 and a two-hundred day moving average of $225.82.

FedEx (NYSE:FDX - Get Free Report) last issued its quarterly earnings data on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share for the quarter, topping 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 analysts' expectations of $21.74 billion. During the same period last year, the company posted $3.60 EPS. The company's revenue was up 3.1% on a year-over-year basis. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. On average, research analysts anticipate that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Monday, September 8th were paid a dividend of $1.45 per share. This represents a $5.80 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Monday, September 8th. FedEx's dividend payout ratio (DPR) is 33.86%.

Insider Buying and Selling at FedEx

In other news, Director Marvin R. Ellison sold 3,610 shares of the firm's stock in a transaction that occurred 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 of the company's stock, valued at $1,829,176.80. This trade represents a 31.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.53% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. HSBC raised their price objective on shares of FedEx from $230.00 to $235.00 in a research report on Friday, September 19th. JPMorgan Chase & Co. reduced their price objective on shares of FedEx from $285.00 to $284.00 and set an "overweight" rating for the company in a research report on Friday, September 19th. Stifel Nicolaus reduced their price objective 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. Barclays restated an "overweight" rating and issued a $320.00 price objective (down previously from $330.00) on shares of FedEx in a research report on Wednesday, June 25th. Finally, BMO Capital Markets reduced their price objective 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, September 19th. One research 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 stock. According to MarketBeat, FedEx currently has an average rating of "Moderate Buy" and an average price target of $271.67.

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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