HB Wealth Management LLC Grows Stock Holdings in FedEx Corporation $FDX

Key Points

• HB Wealth Management LLC has increased its stake in FedEx Corporation by 5.3%, now owning 30,823 shares valued at approximately $7 million.
• FedEx reported quarterly earnings of $3.83 EPS, exceeding analyst expectations, with revenue hitting $22.20 billion, a 3.1% increase from last year.
• The company declared a quarterly dividend of $1.45 per share, translating to an annualized dividend yield of 2.5%.

HB Wealth Management LLC increased its stake in shares of FedEx Corporation (NYSE:FDX - Free Report) by 5.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 30,823 shares of the shipping service provider's stock after buying an additional 1,547 shares during the period. HB Wealth Management LLC's holdings in FedEx were worth $7,007,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Abound Financial LLC purchased a new stake in shares of FedEx in the first quarter valued at about $38,000. WPG Advisers LLC purchased a new stake in shares of FedEx in the first quarter valued at about $43,000. Cary Street Partners Investment Advisory LLC lifted its holdings in shares of FedEx by 60.7% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 188 shares of the shipping service provider's stock valued at $46,000 after purchasing an additional 71 shares in the last quarter. SOA Wealth Advisors LLC. lifted its holdings in shares of FedEx by 60.6% in the first quarter. SOA Wealth Advisors LLC. now owns 249 shares of the shipping service provider's stock valued at $61,000 after purchasing an additional 94 shares in the last quarter. Finally, Alpine Bank Wealth Management purchased a new stake in shares of FedEx in the first quarter valued at about $65,000. Hedge funds and other institutional investors own 84.47% of the company's stock.

FedEx Stock Performance

Shares of FDX opened at $235.73 on Wednesday. The firm's 50 day moving average is $229.60 and its 200-day moving average is $225.93. The stock has a market capitalization of $55.62 billion, a P/E ratio of 13.76, a P/E/G ratio of 1.31 and a beta of 1.20. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.25 and a quick ratio of 1.21. FedEx Corporation has a 12-month low of $194.29 and a 12-month high of $308.53.

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 (EPS) for the quarter, topping 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 company had revenue of $22.20 billion for the quarter, compared to analysts' expectations of $21.74 billion. During the same quarter in the previous year, the company 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 EPS for the current fiscal year.

FedEx Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts have issued reports on FDX shares. Barclays reaffirmed an "overweight" rating and issued a $320.00 price target (down previously from $330.00) on shares of FedEx in a report on Wednesday, June 25th. Jefferies Financial Group boosted their price objective on shares of FedEx from $275.00 to $280.00 and gave the company a "buy" rating in a research report on Friday, September 19th. Susquehanna boosted their price objective on shares of FedEx from $285.00 to $300.00 and gave the company a "positive" rating in a research report on Friday, September 19th. Evercore ISI cut their price objective on shares of FedEx from $243.00 to $239.00 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 research 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 assigned a Sell rating to the company's stock. According to data from MarketBeat, FedEx currently has a consensus rating of "Moderate Buy" and a consensus target price of $271.67.

Insider Activity at FedEx

In related news, Director Paul S. Walsh sold 3,610 shares of the company's stock in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $238.29, for a total value of $860,226.90. Following the completion of the sale, the director owned 15,513 shares in the company, valued at approximately $3,696,592.77. This represents a 18.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Marvin R. Ellison sold 3,610 shares of the company'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 sale, the director owned 7,720 shares of the company's stock, valued at approximately $1,829,176.80. This trade represents a 31.86% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,343 shares of company stock worth $2,228,816. 0.53% of the stock is owned by corporate insiders.

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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