Wealth Enhancement Advisory Services LLC Boosts Stake in FedEx Corporation $FDX

Key Points

• Wealth Enhancement Advisory Services LLC increased its stake in FedEx Corporation by 16.1%, bringing its total holdings to 107,956 shares, valued at approximately $26.04 million.
• FedEx reported earnings of $3.83 per share for the last quarter, exceeding analysts' expectations, with revenues reaching $22.20 billion.
• The company announced a quarterly dividend of $1.45 per share, leading to an annualized payout of $5.80, representing a 2.5% dividend yield.

Wealth Enhancement Advisory Services LLC boosted its stake in FedEx Corporation (NYSE:FDX - Free Report) by 16.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 107,956 shares of the shipping service provider's stock after acquiring an additional 14,989 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in FedEx were worth $26,042,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Abound Financial LLC purchased a new position in FedEx in the 1st quarter valued at $38,000. Ameriflex Group Inc. bought a new position in FedEx during the 4th quarter worth $43,000. WPG Advisers LLC bought a new position in FedEx during the first quarter valued at about $43,000. Cary Street Partners Investment Advisory LLC boosted its position in shares of FedEx by 60.7% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 188 shares of the shipping service provider's stock valued at $46,000 after purchasing an additional 71 shares during the period. Finally, SOA Wealth Advisors LLC. raised its stake in shares of FedEx by 60.6% in the 1st quarter. SOA Wealth Advisors LLC. now owns 249 shares of the shipping service provider's stock valued at $61,000 after acquiring an additional 94 shares in the last quarter. Institutional investors and hedge funds own 84.47% of the company's stock.

Insider Buying and Selling at FedEx

In related news, Director R Brad Martin sold 2,123 shares of the firm's stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $241.75, for a total transaction of $513,235.25. Following the completion of the sale, the director owned 8,935 shares of the company's stock, valued at $2,160,036.25. This trade represents a 19.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Paul S. Walsh sold 3,610 shares of the firm's stock in a transaction that occurred 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 owned 15,513 shares in the company, valued at $3,696,592.77. This represents a 18.88% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,343 shares of company stock valued at $2,228,816. 0.53% of the stock is currently owned by company insiders.

Analyst Ratings Changes

FDX has been the subject of a number of recent research reports. Raymond James Financial restated an "outperform" rating and set a $255.00 target price on shares of FedEx in a research report on Thursday. Susquehanna boosted their price objective on FedEx from $285.00 to $300.00 and gave the stock a "positive" rating in a research report on Friday. Citigroup raised their price objective on FedEx from $275.00 to $279.00 and gave the company a "buy" rating in a research note on Friday. Truist Financial reissued a "buy" rating and set a $275.00 price objective on shares of FedEx in a research report on Wednesday, June 25th. Finally, JPMorgan Chase & Co. dropped their target price on shares of FedEx from $285.00 to $284.00 and set an "overweight" rating on the stock in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, FedEx presently has a consensus rating of "Moderate Buy" and an average price target of $275.85.

FedEx Stock Performance

FDX stock traded up $5.60 during trading on Friday, hitting $232.10. 8,378,809 shares of the company's stock traded hands, compared to its average volume of 2,232,425. The stock has a fifty day moving average price of $228.84 and a two-hundred day moving average price of $226.29. The stock has a market capitalization of $54.76 billion, a price-to-earnings ratio of 13.55, a price-to-earnings-growth ratio of 1.34 and a beta of 1.20. The company has a quick ratio of 1.21, a current ratio of 1.25 and a debt-to-equity ratio of 0.73. FedEx Corporation has a 52 week low of $194.29 and a 52 week high of $308.53.

FedEx (NYSE:FDX - Get Free Report) last announced its earnings results on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share (EPS) 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 firm had revenue of $22.20 billion during the quarter, compared to analysts' expectations of $21.74 billion. During the same quarter in the prior year, the business 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 anticipate that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders 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 dividend yield of 2.5%. The ex-dividend date is Monday, September 8th. FedEx's payout ratio is 34.36%.

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.