IVC Wealth Advisors LLC Reduces Stock Position in FedEx Corporation $FDX

IVC Wealth Advisors LLC lowered its holdings in shares of FedEx Corporation (NYSE:FDX) by 8.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,262 shares of the shipping service provider’s stock after selling 120 shares during the quarter. IVC Wealth Advisors LLC’s holdings in FedEx were worth $287,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Golden State Wealth Management LLC raised its position in FedEx by 21.1% during the 1st quarter. Golden State Wealth Management LLC now owns 362 shares of the shipping service provider’s stock valued at $88,000 after purchasing an additional 63 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in FedEx during the 2nd quarter valued at $586,000. Sage Capital Advisors llc raised its position in FedEx by 136.5% during the 2nd quarter. Sage Capital Advisors llc now owns 34,697 shares of the shipping service provider’s stock valued at $7,887,000 after purchasing an additional 20,024 shares in the last quarter. Value Partners Investments Inc. raised its position in FedEx by 26.4% during the 2nd quarter. Value Partners Investments Inc. now owns 181,454 shares of the shipping service provider’s stock valued at $41,247,000 after purchasing an additional 37,950 shares in the last quarter. Finally, Xcel Wealth Management LLC bought a new stake in FedEx during the 2nd quarter valued at $1,200,000. Hedge funds and other institutional investors own 84.47% of the company’s stock.

FedEx Stock Up 0.7%

Shares of FDX stock opened at $244.14 on Friday. FedEx Corporation has a 1-year low of $194.29 and a 1-year high of $308.53. The stock’s fifty day moving average price is $229.77 and its 200 day moving average price is $225.85. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.25 and a quick ratio of 1.21. The company has a market cap of $57.61 billion, a price-to-earnings ratio of 14.25, a price-to-earnings-growth ratio of 1.36 and a beta of 1.28.

FedEx (NYSE:FDX) last announced its earnings results on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $21.74 billion. During the same period in the previous year, the business earned $3.60 EPS. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. On average, research analysts expect that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Monday, September 8th were paid a dividend of $1.45 per share. This represents a $5.80 annualized dividend and a yield of 2.4%. The ex-dividend date was Monday, September 8th. FedEx’s payout ratio is 33.86%.

Wall Street Analysts Forecast Growth

FDX has been the subject of a number of research analyst reports. Bank of America lifted their target price on FedEx from $240.00 to $244.00 and gave the company a “neutral” rating in a research report on Friday, September 19th. Daiwa Capital Markets boosted their price target on FedEx from $232.00 to $240.00 and gave the stock a “neutral” rating in a research report on Monday, September 22nd. Evercore ISI reduced their price target on FedEx from $243.00 to $239.00 in a research report on Friday, September 19th. Vertical Research reduced their price target on FedEx from $280.00 to $275.00 in a research report on Friday, September 19th. Finally, Sanford C. Bernstein boosted their price target on FedEx from $247.00 to $250.00 and gave the stock a “market perform” rating in a research report on Monday, September 22nd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, FedEx currently has an average rating of “Moderate Buy” and a consensus price target of $271.67.

Insider Buying and Selling

In related news, Director R Brad Martin sold 2,123 shares of the business’s stock in a transaction 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 transaction, the director directly owned 8,935 shares in the company, valued at $2,160,036.25. The trade was a 19.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Marvin R. Ellison sold 3,610 shares of the business’s stock in a transaction dated Wednesday, July 9th. The shares were sold at an average price of $236.94, for a total value of $855,353.40. Following the sale, the director owned 7,720 shares in the company, valued at approximately $1,829,176.80. The trade was a 31.86% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,343 shares of company stock worth $2,228,816 in the last ninety days. 0.53% of the stock is owned by insiders.

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.