GC Wealth Management RIA LLC Makes New $361,000 Investment in FedEx Corporation $FDX

GC Wealth Management RIA LLC bought a new stake in FedEx Corporation (NYSE:FDX) in the second quarter, Holdings Channel.com reports. The firm bought 1,589 shares of the shipping service provider’s stock, valued at approximately $361,000.

Other hedge funds have also modified their holdings of the company. Abound Financial LLC acquired a new stake in shares of FedEx in the first quarter valued at about $38,000. WPG Advisers LLC acquired a new stake in shares of FedEx in the first quarter valued at about $43,000. Cary Street Partners Investment Advisory LLC raised its position in shares of 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 buying an additional 71 shares during the last quarter. SOA Wealth Advisors LLC. raised its position in shares of FedEx by 60.6% in the first quarter. SOA Wealth Advisors LLC. now owns 249 shares of the shipping service provider’s stock valued at $61,000 after buying an additional 94 shares during the last quarter. Finally, Alpine Bank Wealth Management acquired a new stake in shares of FedEx in the first quarter valued at about $65,000. 84.47% of the stock is currently owned by institutional investors and hedge funds.

FedEx Trading Up 1.6%

Shares of FDX stock opened at $239.60 on Thursday. 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 firm has a market cap of $56.54 billion, a PE ratio of 13.99, a price-to-earnings-growth ratio of 1.31 and a beta of 1.28. The company has a 50-day moving average of $229.64 and a two-hundred day moving average of $226.03. FedEx Corporation has a 1-year low of $194.29 and a 1-year high of $308.53.

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

FedEx Dividend Announcement

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 dividend of $1.45 per share. This represents a $5.80 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Monday, September 8th. FedEx’s dividend payout ratio (DPR) is 33.86%.

Insiders Place Their Bets

In other FedEx news, Director R Brad Martin sold 2,123 shares of the stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $241.75, for a total transaction of $513,235.25. Following the completion of the transaction, the director owned 8,935 shares of the company’s stock, valued at $2,160,036.25. This trade represents a 19.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Paul S. Walsh sold 3,610 shares of the stock in a transaction dated Tuesday, July 8th. The stock was sold at an average price of $238.29, for a total transaction of $860,226.90. Following the transaction, the director directly owned 15,513 shares of the company’s stock, valued at approximately $3,696,592.77. This trade represents a 18.88% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,343 shares of company stock valued at $2,228,816 over the last 90 days. 0.53% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

FDX has been the subject of a number of recent research reports. Stifel Nicolaus reduced their target price on shares of FedEx from $308.00 to $296.00 and set a “buy” rating for the company in a research report on Wednesday, September 17th. Wolfe Research upped their price objective on shares of FedEx from $244.00 to $254.00 and gave the company an “outperform” rating in a report on Friday, September 19th. Bank of America upped their price objective on shares of FedEx from $240.00 to $244.00 and gave the company a “neutral” rating in a report on Friday, September 19th. Wall Street Zen raised shares of FedEx from a “hold” rating to a “buy” rating in a report on Friday, September 26th. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given 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, FedEx has an average 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.