FLC Capital Advisors Grows Stake in FedEx Corporation $FDX

FLC Capital Advisors grew its position in shares of FedEx Corporation (NYSE:FDX) by 13.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,399 shares of the shipping service provider’s stock after purchasing an additional 277 shares during the period. FLC Capital Advisors’ holdings in FedEx were worth $545,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in FDX. Golden State Wealth Management LLC lifted its holdings in shares of FedEx by 21.1% during the 1st quarter. Golden State Wealth Management LLC now owns 362 shares of the shipping service provider’s stock worth $88,000 after acquiring an additional 63 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in shares of FedEx during the 2nd quarter worth $586,000. Sage Capital Advisors llc lifted its holdings in shares of FedEx by 136.5% during the 2nd quarter. Sage Capital Advisors llc now owns 34,697 shares of the shipping service provider’s stock worth $7,887,000 after acquiring an additional 20,024 shares during the last quarter. Value Partners Investments Inc. lifted its holdings in shares of FedEx by 26.4% during the 2nd quarter. Value Partners Investments Inc. now owns 181,454 shares of the shipping service provider’s stock worth $41,247,000 after acquiring an additional 37,950 shares during the last quarter. Finally, Xcel Wealth Management LLC bought a new stake in shares of FedEx during the 2nd quarter worth $1,200,000. 84.47% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on FDX. Wells Fargo & Company lifted their price objective on shares of FedEx from $235.00 to $250.00 and gave the stock an “equal weight” rating in a report on Friday, September 19th. Bank of America lifted their price objective on shares of FedEx from $240.00 to $244.00 and gave the stock a “neutral” rating in a report on Friday, September 19th. The Goldman Sachs Group dropped their price objective on shares of FedEx from $290.00 to $276.00 and set a “buy” rating for the company in a report on Friday, September 12th. UBS Group lifted their price objective on shares of FedEx from $293.00 to $314.00 and gave the stock a “buy” rating in a report on Friday, September 19th. Finally, Sanford C. Bernstein boosted their price target on shares of FedEx from $247.00 to $250.00 and gave the stock a “market perform” rating in a research note on Monday, September 22nd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, FedEx has an average rating of “Moderate Buy” and a consensus price target of $271.83.

FedEx Stock Performance

FedEx stock opened at $238.55 on Monday. The company has a quick ratio of 1.21, a current ratio of 1.25 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $56.29 billion, a PE ratio of 13.93, a P/E/G ratio of 1.33 and a beta of 1.28. The firm has a fifty day simple moving average of $231.90 and a two-hundred day simple moving average of $225.54. FedEx Corporation has a twelve month low of $194.29 and a twelve month high of $308.53.

FedEx (NYSE:FDX) last posted its quarterly 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 net margin of 4.65% and a return on equity of 16.33%. The business had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $21.74 billion. During the same period in the previous year, the firm posted $3.60 earnings per share. 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. Research analysts expect that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Announces Dividend

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

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.