Kingswood Wealth Advisors LLC Reduces Stock Position in FedEx Corporation $FDX

Key Points

• Kingswood Wealth Advisors LLC reduced its stake in FedEx by 57.5% in Q2, now holding 1,925 shares valued at $438,000.
• FedEx's stock has seen a 1.3% decline, trading at $236.90, with a market capitalization of $55.90 billion and a P/E ratio of 13.83.
• Analysts maintain a Moderate Buy average rating for FedEx, with price targets ranging from $240.00 to $300.00.

Kingswood Wealth Advisors LLC lessened its stake in shares of FedEx Corporation (NYSE:FDX - Free Report) by 57.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,925 shares of the shipping service provider's stock after selling 2,601 shares during the quarter. Kingswood Wealth Advisors LLC's holdings in FedEx were worth $438,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FDX. Brighton Jones LLC increased its position in FedEx by 12.8% during the 4th quarter. Brighton Jones LLC now owns 1,825 shares of the shipping service provider's stock worth $514,000 after purchasing an additional 207 shares in the last quarter. Farther Finance Advisors LLC increased its position in FedEx by 27.6% during the 1st quarter. Farther Finance Advisors LLC now owns 2,223 shares of the shipping service provider's stock worth $538,000 after purchasing an additional 481 shares in the last quarter. CX Institutional increased its position in FedEx by 29.4% during the 1st quarter. CX Institutional now owns 3,522 shares of the shipping service provider's stock worth $859,000 after purchasing an additional 800 shares in the last quarter. Simon Quick Advisors LLC grew its holdings in FedEx by 6.1% in the 1st quarter. Simon Quick Advisors LLC now owns 1,100 shares of the shipping service provider's stock valued at $268,000 after buying an additional 63 shares during the period. Finally, Ferguson Wellman Capital Management Inc. grew its holdings in FedEx by 17.0% in the 1st quarter. Ferguson Wellman Capital Management Inc. now owns 1,096 shares of the shipping service provider's stock valued at $267,000 after buying an additional 159 shares during the period. Hedge funds and other institutional investors own 84.47% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on FDX shares. Weiss Ratings restated a "hold (c)" rating on shares of FedEx in a report on Wednesday. Susquehanna lifted their price target on FedEx from $285.00 to $300.00 and gave the company a "positive" rating in a report on Friday, September 19th. Wolfe Research lifted their price target on FedEx from $244.00 to $254.00 and gave the company an "outperform" rating in a report on Friday, September 19th. BNP Paribas Exane upgraded FedEx from an "underperform" rating to an "outperform" rating and set a $270.00 price target for the company in a report on Thursday, July 3rd. Finally, Bank of America lifted their price target on FedEx from $240.00 to $244.00 and gave the company a "neutral" rating in a report on Friday, September 19th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $271.25.

FedEx Stock Down 1.3%

Shares of NYSE:FDX opened at $236.90 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.21 and a current ratio of 1.25. FedEx Corporation has a 1 year low of $194.29 and a 1 year high of $308.53. The stock has a market capitalization of $55.90 billion, a P/E ratio of 13.83, a PEG ratio of 1.33 and a beta of 1.28. The stock has a 50-day simple moving average of $230.61 and a 200-day simple moving average of $226.00.

FedEx (NYSE:FDX - Get Free Report) last issued its earnings results on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.71 by $0.12. FedEx had a return on equity of 16.33% and a net margin of 4.65%.The business had revenue of $22.20 billion during the quarter, compared to analysts' expectations of $21.74 billion. During the same quarter in the previous year, the business earned $3.60 EPS. The company's revenue for the quarter was up 3.1% on a year-over-year basis. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. Equities analysts forecast that FedEx Corporation will post 19.14 earnings per share for the current year.

FedEx Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Monday, September 8th were issued 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 dividend yield of 2.4%. FedEx's payout ratio is presently 33.86%.

FedEx Company 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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