Beacon Pointe Advisors LLC Purchases New Position in FedEx Corporation $FDX

Beacon Pointe Advisors LLC purchased a new stake in FedEx Corporation (NYSE:FDX - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 22,814 shares of the shipping service provider's stock, valued at approximately $7,145,000.

Several other large investors have also recently added to or reduced their stakes in FDX. Hollencrest Capital Management acquired a new position in FedEx in the first quarter worth $25,000. Bayban acquired a new position in FedEx during the 1st quarter worth about $26,000. Solstein Capital LLC acquired a new position in FedEx during the 2nd quarter worth about $27,000. Cedar Mountain Advisors LLC grew its holdings in FedEx by 77.4% during the 1st quarter. Cedar Mountain Advisors LLC now owns 94 shares of the shipping service provider's stock worth $33,000 after acquiring an additional 41 shares during the last quarter. Finally, EFG International AG bought a new stake in FedEx during the 4th quarter worth about $27,000. 84.47% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Paul S. Walsh sold 5,042 shares of the firm's stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $324.56, for a total transaction of $1,636,431.52. Following the sale, the director owned 16,359 shares of the company's stock, valued at approximately $5,309,477.04. This trade represents a 23.56% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.65% of the company's stock.

FedEx Stock Performance

Shares of FDX stock opened at $331.10 on Friday. The stock has a market cap of $78.36 billion, a PE ratio of 17.89, a price-to-earnings-growth ratio of 1.70 and a beta of 1.30. The stock has a 50-day moving average of $319.32 and a 200-day moving average of $350.71. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.48 and a quick ratio of 1.44. FedEx Corporation has a one year low of $177.05 and a one year high of $345.36.

FedEx (NYSE:FDX - Get Free Report) last issued its earnings results on Tuesday, July 21st. The shipping service provider reported $5.88 EPS for the quarter. The firm had revenue of $23.26 billion during the quarter. FedEx had a net margin of 4.68% and a return on equity of 16.49%. As a group, sell-side analysts expect that FedEx Corporation will post 17.6 earnings per share for the current year.

FedEx Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Monday, September 14th will be given a $1.22 dividend. The ex-dividend date is Monday, September 14th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 1.5%. FedEx's dividend payout ratio is currently 26.36%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on FDX shares. Stifel Nicolaus dropped their target price on shares of FedEx from $442.00 to $326.00 and set a "buy" rating for the company in a research note on Wednesday, June 24th. The Goldman Sachs Group decreased their price target on shares of FedEx from $405.00 to $375.00 and set a "buy" rating on the stock in a research note on Monday, June 1st. Bank of America raised their price target on shares of FedEx from $376.00 to $378.00 and gave the company a "buy" rating in a report on Wednesday, June 24th. Jefferies Financial Group began coverage on FedEx in a report on Tuesday, June 23rd. They set a "buy" rating and a $200.00 price objective on the stock. Finally, TD Cowen decreased their price objective on FedEx from $426.00 to $354.00 in a research report on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, FedEx presently has an average rating of "Moderate Buy" and an average target price of $350.54.

FedEx News Roundup

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: The U.S. Transportation Command awarded FedEx and United Parcel Service modified defense contracts valued at approximately $2.72 billion each. The agreements run through September 2030 and could provide FedEx with steady, multiyear government revenue. FedEx Corporation is Growing Faster, but Could United Parcel Have More Margin Upside?
• Positive Sentiment: FedEx committed about $400 million to air-cargo hubs in Delhi and Mumbai. The facilities will add more than 500,000 square feet of capacity and position the company to benefit from India’s expected logistics growth. FedEx Commits $400 Million to Indian Air Cargo Growth With Delhi, Mumbai Hubs
• Positive Sentiment: The board declared a quarterly dividend of $1.22 per share. Commentators also argue that FedEx’s growth profile and valuation could offer upside, with Wall Street’s average recommendation remaining bullish, though analyst optimism should be treated cautiously. Following FedEx Dividend and India Hub Plans, Are Shares Below Fair Value?
• Neutral Sentiment: FedEx’s freight separation is prompting investors to compare the standalone freight business with the remaining parcel and logistics company. The transaction may sharpen strategic focus, but the preferred investment depends on execution and the future performance of each stock. FedEx Just Spun Off Its Freight Division. Which Stock Should You Own?
• Neutral Sentiment: FedEx shareholders will vote on three governance proposals, creating a potential near-term corporate-governance catalyst, although the available report does not specify the proposals or their likely effect. FedEx Shareholders Will Vote On Three Governance Proposals
• Negative Sentiment: Investors continue to weigh tariff uncertainty, shifting trade routes and geopolitical disruption. FedEx’s CEO believes supply-chain “reglobalization” could create opportunities, but those conditions can also pressure volumes, costs and margins. The Supply-Chain Savant: How FedEx CEO Raj Subramaniam Leads Through Reglobalization

About FedEx

FedEx Corporation NYSE: FDX is a global logistics and courier company headquartered in Memphis, Tennessee. Founded by Frederick W. Smith in 1971 and beginning operations in the early 1970s, the company pioneered overnight express shipping and has since expanded into a diversified portfolio of transportation, e-commerce and supply-chain services. FedEx operates an integrated air-and-ground network that moves parcels, freight and documents for businesses and consumers worldwide.

FedEx's core operating segments include express parcel delivery via its FedEx Express division, domestic and residential parcel delivery through FedEx Ground, less-than-truckload (LTL) freight services, and logistics and supply-chain management solutions.

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