Pines Wealth Management LLC Has $2.16 Million Holdings in FedEx Corporation $FDX

Key Points

• Pines Wealth Management LLC increased its holdings in FedEx by 15.7% during the 2nd quarter, owning 8,970 shares worth approximately $2.2 million.
• FedEx's quarterly earnings surpassed estimates, reporting $6.07 EPS against a consensus of $5.98, with a revenue of $22.20 billion.
• Insiders have sold a total of 9,343 shares of FedEx worth over $2.2 million in the last ninety days, reducing their ownership percentages significantly.

Pines Wealth Management LLC lifted its holdings in FedEx Corporation (NYSE:FDX - Free Report) by 15.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,970 shares of the shipping service provider's stock after buying an additional 1,214 shares during the quarter. FedEx accounts for 0.8% of Pines Wealth Management LLC's portfolio, making the stock its 28th biggest holding. Pines Wealth Management LLC's holdings in FedEx were worth $2,164,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC boosted its position in FedEx by 12.8% during the fourth 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. Man Group plc boosted its position in FedEx by 274.3% during the fourth quarter. Man Group plc now owns 7,253 shares of the shipping service provider's stock worth $2,040,000 after purchasing an additional 5,315 shares in the last quarter. Tidal Investments LLC boosted its position in FedEx by 4.9% during the fourth quarter. Tidal Investments LLC now owns 19,795 shares of the shipping service provider's stock worth $5,569,000 after purchasing an additional 925 shares in the last quarter. Two Sigma Investments LP boosted its position in FedEx by 98.1% during the fourth quarter. Two Sigma Investments LP now owns 10,700 shares of the shipping service provider's stock worth $3,010,000 after purchasing an additional 5,300 shares in the last quarter. Finally, Vident Advisory LLC boosted its position in FedEx by 120.0% during the fourth quarter. Vident Advisory LLC now owns 10,430 shares of the shipping service provider's stock worth $2,935,000 after purchasing an additional 5,690 shares in the last quarter. 84.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on FDX. Bank of America boosted their target price on FedEx from $240.00 to $244.00 and gave the stock a "neutral" rating in a research report on Friday. Evercore ISI reiterated an "in-line" rating and set a $243.00 target price (down from $249.00) on shares of FedEx in a research report on Wednesday. UBS Group boosted their target price on FedEx from $293.00 to $314.00 and gave the stock a "buy" rating in a research report on Friday. Sanford C. Bernstein cut their price target on FedEx from $249.00 to $247.00 and set a "market perform" rating for the company in a report on Tuesday, September 16th. Finally, Stifel Nicolaus cut their price target on FedEx from $308.00 to $296.00 and set a "buy" rating for the company in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $275.85.

FedEx Stock Performance

FDX traded up $5.60 during trading hours on Friday, hitting $232.10. The company's stock had a trading volume of 8,378,809 shares, compared to its average volume of 1,900,524. FedEx Corporation has a fifty-two week low of $194.29 and a fifty-two week high of $308.53. The company has a current ratio of 1.19, a quick ratio of 1.15 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $54.76 billion, a PE ratio of 13.55, a PEG ratio of 1.31 and a beta of 1.20. The company has a 50-day simple moving average of $228.84 and a 200 day simple moving average of $226.45.

FedEx (NYSE:FDX - Get Free Report) last posted its earnings results on Thursday, September 18th. The shipping service provider reported $3.83 EPS for the quarter, beating the consensus estimate of $3.71 by $0.12. The firm had revenue of $22.20 billion for the quarter, compared to analysts' expectations of $21.74 billion. FedEx had a return on equity of 16.43% and a net margin of 4.65%.The firm's revenue was up 3.1% compared to the same quarter last year. During the same period last year, the firm earned $3.60 EPS. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. As a group, sell-side analysts expect that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Dividend Announcement

The business 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 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Monday, September 8th. FedEx's payout ratio is presently 34.36%.

Insider Transactions at FedEx

In other news, Director Paul S. Walsh sold 3,610 shares of FedEx stock in a transaction dated Tuesday, July 8th. The stock was sold at an average price of $238.29, for a total value of $860,226.90. Following the transaction, the director directly owned 15,513 shares in the company, valued at approximately $3,696,592.77. The trade was a 18.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director R Brad Martin sold 2,123 shares of the business's stock in a transaction dated Monday, July 7th. The shares were 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 in the company, 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. Insiders sold a total of 9,343 shares of company stock valued at $2,228,816 over the last quarter. Company insiders own 0.53% of the company's stock.

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.