GC Wealth Management RIA LLC Makes New Investment in FedEx Corporation $FDX

Key Points

• GC Wealth Management RIA LLC has initiated a new investment in FedEx Corporation by acquiring 1,589 shares valued at approximately $361,000 during the 2nd quarter.
• FedEx reported $3.83 EPS for the most recent quarter, surpassing estimates and indicating a revenue increase of 3.1% year-over-year to $22.20 billion.
• The company also recently declared a quarterly dividend of $1.45 per share, resulting in an annualized yield of 2.4% with a payout ratio of 33.86%.

GC Wealth Management RIA LLC bought a new position in shares of FedEx Corporation (NYSE:FDX - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,589 shares of the shipping service provider's stock, valued at approximately $361,000.

Several other large investors also recently bought and sold shares of FDX. Abound Financial LLC purchased a new stake in FedEx during the 1st quarter worth approximately $38,000. WPG Advisers LLC acquired a new stake in FedEx during the 1st quarter valued at approximately $43,000. Cary Street Partners Investment Advisory LLC lifted 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 valued at $46,000 after acquiring an additional 71 shares during the period. SOA Wealth Advisors LLC. lifted its stake in FedEx by 60.6% during the 1st quarter. SOA Wealth Advisors LLC. now owns 249 shares of the shipping service provider's stock valued at $61,000 after acquiring an additional 94 shares during the period. Finally, Alpine Bank Wealth Management acquired a new stake in FedEx during the 1st quarter valued at approximately $65,000. Hedge funds and other institutional investors own 84.47% of the company's stock.

FedEx Stock Performance

FDX opened at $239.60 on Thursday. 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 firm has a fifty day moving average price of $229.64 and a 200 day moving average price of $226.03. FedEx Corporation has a 1 year low of $194.29 and a 1 year high of $308.53. The stock has a market cap of $56.54 billion, a P/E ratio of 13.99, a P/E/G ratio of 1.31 and a beta of 1.28.

FedEx (NYSE:FDX - Get Free Report) last posted its earnings results on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share (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 firm had revenue of $22.20 billion during the quarter, compared to analysts' expectations of $21.74 billion. During the same period in the previous year, the business posted $3.60 EPS. The business'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. Equities research analysts anticipate that FedEx Corporation will post 19.14 earnings per share for the current year.

FedEx Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Monday, September 8th were given a dividend of $1.45 per share. The ex-dividend date was Monday, September 8th. This represents a $5.80 dividend on an annualized basis and a yield of 2.4%. FedEx's dividend payout ratio is currently 33.86%.

Wall Street Analysts Forecast Growth

Several analysts have commented on FDX shares. Truist Financial restated a "buy" rating and set a $275.00 price objective on shares of FedEx in a research note on Wednesday, June 25th. Raymond James Financial restated an "outperform" rating and set a $255.00 price objective on shares of FedEx in a research note on Thursday, September 18th. Cowen restated a "buy" rating on shares of FedEx in a research note on Wednesday, June 25th. Bank of America lifted their price objective on shares of FedEx from $240.00 to $244.00 and gave the company a "neutral" rating in a research note on Friday, September 19th. Finally, Wall Street Zen upgraded shares of FedEx from a "hold" rating to a "buy" rating in a research note on Friday, September 26th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $271.67.

Insiders Place Their Bets

In other FedEx news, Director Paul S. Walsh sold 3,610 shares of the company's stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $238.29, for a total transaction of $860,226.90. Following the completion of the transaction, the director directly owned 15,513 shares in the company, valued at approximately $3,696,592.77. This represents a 18.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director R Brad Martin sold 2,123 shares of the company's stock in a transaction on Monday, July 7th. The stock was sold at an average price of $241.75, for a total transaction of $513,235.25. Following the transaction, the director owned 8,935 shares of the company's stock, valued at $2,160,036.25. This represents a 19.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,343 shares of company stock worth $2,228,816. Company insiders own 0.53% of the company's stock.

About FedEx

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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