Peak Financial Advisors LLC Acquires New Holdings in FedEx Corporation $FDX

Key Points

• Peak Financial Advisors LLC has acquired a new stake in FedEx Corporation, purchasing 2,170 shares valued at approximately $493,000 during the second quarter.
• Company insiders have sold a total of 9,343 shares worth $2,228,816 over the last quarter, signaling a decrease in their ownership stakes.
• FedEx has recently declared a quarterly dividend of $1.45, with a yield of 2.5%, to be paid on October 1st.

Peak Financial Advisors LLC acquired a new stake in FedEx Corporation (NYSE:FDX - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,170 shares of the shipping service provider's stock, valued at approximately $493,000.

A number of other large investors have also recently added to or reduced their stakes in FDX. Nuveen LLC acquired a new stake in FedEx in the 1st quarter valued at about $314,650,000. ACR Alpine Capital Research LLC boosted its stake in shares of FedEx by 85.9% during the 1st quarter. ACR Alpine Capital Research LLC now owns 1,585,033 shares of the shipping service provider's stock worth $386,399,000 after purchasing an additional 732,266 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of FedEx by 18,202.1% during the 1st quarter. GAMMA Investing LLC now owns 545,586 shares of the shipping service provider's stock worth $133,003,000 after purchasing an additional 542,605 shares during the last quarter. Worldquant Millennium Advisors LLC boosted its stake in shares of FedEx by 276.1% during the 4th quarter. Worldquant Millennium Advisors LLC now owns 433,789 shares of the shipping service provider's stock worth $122,038,000 after purchasing an additional 318,448 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of FedEx by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 20,489,161 shares of the shipping service provider's stock worth $4,994,848,000 after purchasing an additional 289,655 shares during the last quarter. 84.47% of the stock is owned by institutional investors and hedge funds.

Insider Activity at FedEx

In related news, Director Marvin R. Ellison sold 3,610 shares of the firm'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 value of $855,353.40. Following the transaction, the director owned 7,720 shares in the company, valued at approximately $1,829,176.80. This trade represents a 31.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director R Brad Martin sold 2,123 shares of the firm's stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $241.75, for a total transaction of $513,235.25. Following the completion of the transaction, the director owned 8,935 shares in the company, valued at $2,160,036.25. The trade was a 19.20% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,343 shares of company stock worth $2,228,816. Company insiders own 0.53% of the company's stock.

FedEx Trading Up 0.4%

Shares of FDX stock opened at $229.67 on Friday. The firm has a market cap of $54.19 billion, a P/E ratio of 13.61, a PEG ratio of 1.20 and a beta of 1.20. FedEx Corporation has a 1-year low of $194.29 and a 1-year high of $308.53. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.19 and a quick ratio of 1.15. The firm's 50-day simple moving average is $229.77 and its 200-day simple moving average is $227.42.

FedEx (NYSE:FDX - Get Free Report) last posted its quarterly earnings results on Tuesday, June 24th. The shipping service provider reported $6.07 EPS for the quarter, beating the consensus estimate of $5.98 by $0.09. FedEx had a net margin of 4.65% and a return on equity of 16.34%. The firm had revenue of $22.20 billion for the quarter, compared to analyst estimates of $21.86 billion. During the same quarter last year, the firm posted $5.41 earnings per share. FedEx has set its Q1 2026 guidance at 3.400-4.000 EPS. As a group, equities analysts forecast that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Announces Dividend

The firm also recently declared 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. The ex-dividend date is Monday, September 8th. This represents a $5.80 annualized dividend and a yield of 2.5%. FedEx's dividend payout ratio (DPR) is presently 34.36%.

Analysts Set New Price Targets

FDX has been the topic of several analyst reports. Stifel Nicolaus set a $315.00 price target on shares of FedEx in a research note on Wednesday, June 25th. Truist Financial reaffirmed a "buy" rating and set a $275.00 price target on shares of FedEx in a research note on Wednesday, June 25th. Wells Fargo & Company raised their price target on shares of FedEx from $220.00 to $235.00 and gave the stock an "equal weight" rating in a research note on Wednesday, June 25th. Stephens reaffirmed an "overweight" rating and set a $300.00 price target on shares of FedEx in a research note on Tuesday, May 20th. Finally, Raymond James Financial reaffirmed an "outperform" rating and set a $260.00 price target (down from $275.00) on shares of FedEx in a research note on Wednesday, June 25th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $282.54.

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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