Xcel Wealth Management LLC Acquires Shares of 5,277 FedEx Corporation $FDX

Xcel Wealth Management LLC bought a new position in shares of FedEx Corporation (NYSE:FDX) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,277 shares of the shipping service provider’s stock, valued at approximately $1,200,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FDX. Abound Financial LLC bought a new position in FedEx during the 1st quarter worth $38,000. Ameriflex Group Inc. acquired a new stake in shares of FedEx during the 4th quarter worth $43,000. WPG Advisers LLC bought a new position in shares of FedEx in the first quarter worth $43,000. Cary Street Partners Investment Advisory LLC raised its stake in FedEx by 60.7% in 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 purchasing an additional 71 shares in the last quarter. Finally, SOA Wealth Advisors LLC. lifted 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 worth $61,000 after purchasing an additional 94 shares during the period. 84.47% of the stock is currently owned by institutional investors and hedge funds.

FedEx Trading Up 0.1%

Shares of FDX stock opened at $233.94 on Thursday. FedEx Corporation has a twelve month low of $194.29 and a twelve month high of $308.53. The stock’s fifty day simple moving average is $228.93 and its 200 day simple moving average is $226.23. 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 firm has a market capitalization of $55.20 billion, a P/E ratio of 13.66, a P/E/G ratio of 1.30 and a beta of 1.20.

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. The firm had revenue of $22.20 billion for the quarter, compared to analyst estimates of $21.74 billion. FedEx had a return on equity of 16.33% and a net margin of 4.65%.The business’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period last year, the firm posted $3.60 earnings per share. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. As a group, sell-side analysts predict that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 8th will be given a $1.45 dividend. This represents a $5.80 annualized dividend and a yield of 2.5%. The ex-dividend date is Monday, September 8th. FedEx’s dividend payout ratio is 33.86%.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. BNP Paribas Exane raised shares of FedEx from an “underperform” rating to an “outperform” rating and set a $270.00 target price on the stock in a report on Thursday, July 3rd. UBS Group lifted their price objective on shares of FedEx from $293.00 to $314.00 and gave the company a “buy” rating in a research note on Friday, September 19th. Barclays restated an “overweight” rating and set a $320.00 price objective (down from $330.00) on shares of FedEx in a research report on Wednesday, June 25th. Susquehanna raised their target price on FedEx from $285.00 to $300.00 and gave the company a “positive” rating in a report on Friday, September 19th. Finally, Raymond James Financial reissued an “outperform” rating and set a $255.00 price target on shares of FedEx in a report on Thursday, September 18th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, FedEx presently has an average rating of “Moderate Buy” and a consensus target price of $271.67.

Insider Activity

In related news, Director Marvin R. Ellison sold 3,610 shares of the firm’s stock in a transaction on Wednesday, July 9th. The stock was sold at an average price of $236.94, for a total transaction of $855,353.40. Following the completion of the transaction, the director directly owned 7,720 shares of the company’s stock, valued at $1,829,176.80. This trade represents a 31.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director R Brad Martin sold 2,123 shares of FedEx stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $241.75, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,343 shares of company stock valued at $2,228,816. Insiders own 0.53% of the company’s stock.

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.