Petros Family Wealth LLC Has $226,000 Stock Position in FedEx Corporation $FDX

Petros Family Wealth LLC reduced its stake in shares of FedEx Corporation (NYSE:FDX) by 12.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 996 shares of the shipping service provider’s stock after selling 140 shares during the quarter. Petros Family Wealth LLC’s holdings in FedEx were worth $226,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Abound Financial LLC acquired a new stake in shares of FedEx during the first quarter worth approximately $38,000. WPG Advisers LLC bought a new position in FedEx during the first quarter valued at approximately $43,000. Cary Street Partners Investment Advisory LLC raised its position in FedEx by 60.7% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 188 shares of the shipping service provider’s stock valued at $46,000 after acquiring an additional 71 shares in the last quarter. SOA Wealth Advisors LLC. raised its position in FedEx by 60.6% during the first 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. Finally, Alpine Bank Wealth Management bought a new position in FedEx during the first quarter valued at approximately $65,000. 84.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at FedEx

In other news, Director Paul S. Walsh sold 3,610 shares of the stock in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of $238.29, for a total value of $860,226.90. Following the completion of the sale, the director owned 15,513 shares of the company’s stock, valued at approximately $3,696,592.77. This represents a 18.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Marvin R. Ellison sold 3,610 shares of the firm’s stock in a transaction on 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 directly owned 7,720 shares of the company’s stock, valued at $1,829,176.80. This represents a 31.86% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.53% of the company’s stock.

FedEx Stock Performance

Shares of NYSE:FDX opened at $244.14 on Monday. The stock has a market capitalization of $57.61 billion, a P/E ratio of 14.25, a P/E/G ratio of 1.36 and a beta of 1.28. FedEx Corporation has a 1-year low of $194.29 and a 1-year high of $308.53. The company has a current ratio of 1.25, a quick ratio of 1.21 and a debt-to-equity ratio of 0.73. The business has a 50-day moving average price of $229.77 and a two-hundred day moving average price of $225.71.

FedEx (NYSE:FDX) last announced its quarterly earnings results on Thursday, September 18th. The shipping service provider reported $3.83 EPS for the quarter, beating 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 company had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $21.74 billion. During the same period in the prior year, the business posted $3.60 EPS. FedEx’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. Equities analysts predict that FedEx Corporation will post 19.14 earnings per share for the current year.

FedEx Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Monday, September 8th were issued a $1.45 dividend. This represents a $5.80 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Monday, September 8th. FedEx’s dividend payout ratio is presently 33.86%.

Analyst Upgrades and Downgrades

FDX has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. dropped their price target on shares of FedEx from $285.00 to $284.00 and set an “overweight” rating on the stock in a research report on Friday, September 19th. Vertical Research dropped their price target on shares of FedEx from $280.00 to $275.00 in a research report on Friday, September 19th. Wall Street Zen lowered shares of FedEx from a “buy” rating to a “hold” rating in a research report on Saturday. Jefferies Financial Group lifted their price target on shares of FedEx from $275.00 to $280.00 and gave the company a “buy” rating in a research report on Friday, September 19th. Finally, Daiwa Capital Markets boosted their target price on shares of FedEx from $232.00 to $240.00 and gave the stock a “neutral” rating in a research report on Monday, September 22nd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, FedEx currently has a consensus rating of “Moderate Buy” and a consensus price target of $271.67.

FedEx Company 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.