Quotient Wealth Partners LLC Boosts Holdings in FedEx Corporation $FDX

Quotient Wealth Partners LLC grew its position in shares of FedEx Corporation (NYSE:FDX) by 15.9% during the second quarter, HoldingsChannel reports. The firm owned 1,271 shares of the shipping service provider’s stock after buying an additional 174 shares during the period. Quotient Wealth Partners LLC’s holdings in FedEx were worth $289,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in FDX. Abound Financial LLC acquired a new stake in shares of FedEx during the first quarter worth approximately $38,000. WPG Advisers LLC acquired a new stake in shares of FedEx during the first quarter worth approximately $43,000. Cary Street Partners Investment Advisory LLC grew its position in shares of 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 worth $46,000 after buying an additional 71 shares in the last quarter. Alpine Bank Wealth Management acquired a new stake in shares of FedEx during the first quarter worth approximately $65,000. Finally, Motco grew its position in shares of FedEx by 61.8% during the first quarter. Motco now owns 267 shares of the shipping service provider’s stock worth $65,000 after buying an additional 102 shares in the last quarter. Institutional investors and hedge funds own 84.47% of the company’s stock.

FedEx Stock Performance

FDX stock opened at $238.55 on Monday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.21 and a current ratio of 1.25. The stock has a market capitalization of $56.29 billion, a price-to-earnings ratio of 13.93, a PEG ratio of 1.33 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 stock’s fifty day moving average is $231.90 and its two-hundred day moving average is $225.54.

FedEx (NYSE:FDX) last posted its earnings results on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.71 by $0.12. The company had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $21.74 billion. FedEx had a return on equity of 16.33% and a net margin of 4.65%.The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period last year, the business posted $3.60 earnings per share. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. On average, research 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 $1.45 dividend. This represents a $5.80 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Monday, September 8th. FedEx’s dividend payout ratio (DPR) is presently 33.86%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on FDX. Barclays reissued an “overweight” rating and set a $320.00 price target (down previously from $330.00) on shares of FedEx in a research report on Wednesday, June 25th. Stephens reissued an “overweight” rating and set a $260.00 price target on shares of FedEx in a research report on Tuesday, October 14th. TD Cowen lifted their price objective on shares of FedEx from $269.00 to $271.00 and gave the stock a “buy” rating in a report on Friday, September 19th. The Goldman Sachs Group decreased 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. Finally, 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. One 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. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $271.83.

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.