Maridea Wealth Management LLC Invests $540,000 in FedEx Corporation $FDX

Key Points

• Maridea Wealth Management LLC invested approximately $540,000 in FedEx Corporation by acquiring 2,378 shares in the second quarter.
• Recent analyst reports have mostly rated FedEx positively, with 16 analysts giving it a Buy rating and a consensus price target of $271.67.
• FedEx recently reported earnings of $3.83 per share for the quarter, exceeding analyst expectations, and revealed a revenue increase of 3.1% year-over-year.

Maridea Wealth Management LLC bought a new position in shares of FedEx Corporation (NYSE:FDX - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,378 shares of the shipping service provider's stock, valued at approximately $540,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in FedEx by 1.4% in the first quarter. Vanguard Group Inc. now owns 20,489,161 shares of the shipping service provider's stock valued at $4,994,848,000 after acquiring an additional 289,655 shares during the last quarter. Invesco Ltd. lifted its holdings in FedEx by 1.4% in the first quarter. Invesco Ltd. now owns 3,264,993 shares of the shipping service provider's stock valued at $795,940,000 after acquiring an additional 43,989 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its holdings in FedEx by 7.1% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 2,030,687 shares of the shipping service provider's stock valued at $495,041,000 after acquiring an additional 135,290 shares during the last quarter. ACR Alpine Capital Research LLC lifted its holdings in FedEx by 85.9% in the first quarter. ACR Alpine Capital Research LLC now owns 1,585,033 shares of the shipping service provider's stock valued at $386,399,000 after acquiring an additional 732,266 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in FedEx by 0.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,506,226 shares of the shipping service provider's stock valued at $367,188,000 after acquiring an additional 5,490 shares during the last quarter. 84.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

FDX has been the topic of a number of recent analyst reports. TD Cowen upped their price objective on FedEx from $269.00 to $271.00 and gave the company a "buy" rating in a report on Friday, September 19th. Sanford C. Bernstein upped their price target on FedEx from $247.00 to $250.00 and gave the stock a "market perform" rating in a research note on Monday. Stifel Nicolaus decreased their price target on FedEx from $308.00 to $296.00 and set a "buy" rating on the stock in a research note on Wednesday, September 17th. Daiwa Capital Markets upped their price target on FedEx from $232.00 to $240.00 and gave the stock a "neutral" rating in a research note on Monday. Finally, Cowen restated a "buy" rating on shares of FedEx in a research note on Wednesday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $271.67.

FedEx Stock Up 1.1%

FedEx stock opened at $236.36 on Friday. FedEx Corporation has a twelve month low of $194.29 and a twelve month high of $308.53. The stock's fifty day simple moving average is $229.08 and its 200-day simple moving average is $226.16. 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 firm has a market capitalization of $55.77 billion, a P/E ratio of 13.80, a P/E/G ratio of 1.30 and a beta of 1.20.

FedEx (NYSE:FDX - Get Free Report) last posted 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 return on equity of 16.33% and a net margin of 4.65%.The business had revenue of $22.20 billion for the quarter, compared to analyst estimates of $21.74 billion. During the same quarter in the prior year, the company earned $3.60 earnings per share. 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. As a group, equities analysts expect that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Dividend Announcement

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

Insider Activity at FedEx

In related news, Director R Brad Martin sold 2,123 shares of the stock in a transaction on Monday, July 7th. The stock was sold at an average price of $241.75, for a total value 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 transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Paul S. Walsh sold 3,610 shares of the stock in a transaction 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 transaction, the director directly owned 15,513 shares in the company, valued at $3,696,592.77. This trade represents a 18.88% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,343 shares of company stock valued at $2,228,816 over the last quarter. 0.53% of the stock is owned by insiders.

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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