Stratos Wealth Advisors LLC Sells 2,794 Shares of FedEx Corporation $FDX

Key Points

• Stratos Wealth Advisors LLC has reduced its stake in FedEx Corporation by 40.5%, selling 2,794 shares and now holding 4,106 shares valued at approximately $933,000.
• Analysts have raised their price targets for FedEx, with UBS Group setting a new target of $314.00, and the consensus price target among analysts is currently $271.83.
• FedEx recently reported earnings per share of $3.83, exceeding expectations, along with revenue of $22.20 billion, a 3.1% increase compared to the same quarter last year.

Stratos Wealth Advisors LLC lessened its position in FedEx Corporation (NYSE:FDX - Free Report) by 40.5% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,106 shares of the shipping service provider's stock after selling 2,794 shares during the quarter. Stratos Wealth Advisors LLC's holdings in FedEx were worth $933,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FDX. Valeo Financial Advisors LLC boosted its holdings in shares of FedEx by 28,080.9% during the 2nd quarter. Valeo Financial Advisors LLC now owns 3,743,557 shares of the shipping service provider's stock valued at $850,948,000 after buying an additional 3,730,273 shares in the last quarter. Nuveen LLC purchased a new position in FedEx during the 1st quarter valued at about $314,650,000. ACR Alpine Capital Research LLC boosted its stake in FedEx by 85.9% during the first quarter. ACR Alpine Capital Research LLC now owns 1,585,033 shares of the shipping service provider's stock worth $386,399,000 after acquiring an additional 732,266 shares in the last quarter. Vanguard Group Inc. grew 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 worth $4,994,848,000 after purchasing an additional 289,655 shares during the period. Finally, Canada Pension Plan Investment Board increased its stake in shares of FedEx by 302.6% during the first quarter. Canada Pension Plan Investment Board now owns 352,296 shares of the shipping service provider's stock valued at $85,883,000 after purchasing an additional 264,792 shares in the last quarter. 84.47% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on FDX shares. UBS Group upped their price target on FedEx from $293.00 to $314.00 and gave the stock a "buy" rating in a research note on Friday, September 19th. Raymond James Financial reissued an "outperform" rating and issued a $255.00 target price on shares of FedEx in a report on Thursday, September 18th. HSBC increased their target price on FedEx from $230.00 to $235.00 in a research note on Friday, September 19th. Wall Street Zen raised FedEx from a "hold" rating to a "buy" rating in a research report on Sunday, October 12th. Finally, TD Cowen increased their price objective on shares of FedEx from $269.00 to $271.00 and gave the company a "buy" rating in a research report on Friday, September 19th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, FedEx currently has an average rating of "Moderate Buy" and a consensus price target of $271.83.

FedEx Trading Up 0.7%

FedEx stock opened at $238.55 on Friday. FedEx Corporation has a one year low of $194.29 and a one year high of $308.53. The business's fifty day moving average is $231.90 and its 200 day moving average is $225.47. The stock has a market capitalization of $56.29 billion, a PE ratio of 13.93, a price-to-earnings-growth ratio of 1.33 and a beta of 1.28. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.25 and a quick ratio of 1.21.

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

FedEx Announces Dividend

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

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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