San Luis Wealth Advisors LLC Invests $685,000 in FedEx Corporation $FDX

Key Points

• San Luis Wealth Advisors LLC made a significant investment of $685,000 in FedEx Corporation, acquiring 3,012 shares during the 2nd quarter.
• FedEx reported earnings per share (EPS) of $3.83 for the quarter, exceeding analysts’ expectations, with revenue of $22.20 billion up 3.1% year-over-year.
• The company declared a quarterly dividend of $1.45 per share, representing a 2.4% yield, with the payout date set for October 1st.

San Luis Wealth Advisors LLC acquired a new position in shares of FedEx Corporation (NYSE:FDX - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,012 shares of the shipping service provider's stock, valued at approximately $685,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Brighton Jones LLC raised its holdings in shares of 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 acquiring an additional 207 shares in the last quarter. Two Sigma Investments LP boosted its position in shares of FedEx by 98.1% during the 4th quarter. Two Sigma Investments LP now owns 10,700 shares of the shipping service provider's stock worth $3,010,000 after acquiring an additional 5,300 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in FedEx by 69.6% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 76,477 shares of the shipping service provider's stock valued at $21,515,000 after acquiring an additional 31,376 shares during the last quarter. Versant Capital Management Inc boosted its position in shares of FedEx by 94.1% in the 1st quarter. Versant Capital Management Inc now owns 788 shares of the shipping service provider's stock worth $192,000 after buying an additional 382 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in 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 in the last quarter. 84.47% of the stock is currently owned by institutional investors.

FedEx Stock Performance

Shares of FDX stock opened at $237.89 on Friday. FedEx Corporation has a 52 week low of $194.29 and a 52 week high of $308.53. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.21 and a current ratio of 1.25. The company's 50 day moving average price is $229.31 and its two-hundred day moving average price is $226.01. The company has a market capitalization of $56.13 billion, a P/E ratio of 13.89, a price-to-earnings-growth ratio of 1.32 and a beta of 1.20.

FedEx (NYSE:FDX - Get Free Report) last released its earnings results on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 16.33% and a net margin of 4.65%.The business's revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.60 earnings per share. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. On average, analysts expect that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 8th will be issued a dividend of $1.45 per share. This represents a $5.80 annualized dividend and a yield of 2.4%. The ex-dividend date is Monday, September 8th. FedEx's dividend payout ratio (DPR) is currently 33.86%.

Insiders Place Their Bets

In other FedEx news, Director R Brad Martin sold 2,123 shares of the business's stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $241.75, for a total transaction of $513,235.25. Following the sale, the director owned 8,935 shares in the company, valued at approximately $2,160,036.25. The trade was a 19.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Marvin R. Ellison sold 3,610 shares of the stock in a transaction that occurred on Wednesday, July 9th. The stock was sold at an average price of $236.94, for a total value of $855,353.40. Following the completion of the transaction, the director owned 7,720 shares of the company's stock, valued at $1,829,176.80. The trade was a 31.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,343 shares of company stock worth $2,228,816 in the last ninety days. 0.53% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on FDX shares. Stifel Nicolaus dropped 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. Barclays restated an "overweight" rating and set a $320.00 target price (down previously from $330.00) on shares of FedEx in a research report on Wednesday, June 25th. UBS Group lifted their price objective on FedEx from $293.00 to $314.00 and gave the stock a "buy" rating in a report on Friday, September 19th. JPMorgan Chase & Co. lowered their price target on shares of FedEx from $285.00 to $284.00 and set an "overweight" rating for the company in a report on Friday, September 19th. Finally, Wolfe Research boosted their target price on shares of FedEx from $244.00 to $254.00 and gave the stock an "outperform" rating in a research note on Friday, September 19th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, FedEx presently has an average rating of "Moderate Buy" and an average target price of $271.67.

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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