Fifth Third Wealth Advisors LLC Raises Holdings in FedEx Corporation $FDX

Fifth Third Wealth Advisors LLC raised its stake in FedEx Corporation (NYSE:FDX) by 6.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,917 shares of the shipping service provider’s stock after purchasing an additional 286 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in FedEx were worth $1,118,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Golden State Wealth Management LLC grew its stake in FedEx by 21.1% in the first quarter. Golden State Wealth Management LLC now owns 362 shares of the shipping service provider’s stock worth $88,000 after purchasing an additional 63 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in shares of FedEx during the second quarter valued at approximately $586,000. Sage Capital Advisors llc raised its holdings in shares of FedEx by 136.5% during the second quarter. Sage Capital Advisors llc now owns 34,697 shares of the shipping service provider’s stock valued at $7,887,000 after buying an additional 20,024 shares during the last quarter. Value Partners Investments Inc. increased its position 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 valued at $41,247,000 after purchasing an additional 37,950 shares during the period. Finally, Xcel Wealth Management LLC acquired a new position in shares of FedEx during the 2nd quarter valued at $1,200,000. 84.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on FDX. Raymond James Financial reaffirmed an “outperform” rating and issued a $255.00 price target on shares of FedEx in a report on Thursday, September 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of FedEx in a research report on Wednesday. Stifel Nicolaus dropped their price target on shares of FedEx from $308.00 to $296.00 and set a “buy” rating on the stock in a research note on Wednesday, September 17th. Wells Fargo & Company upped their price target on shares of FedEx from $235.00 to $250.00 and gave the stock an “equal weight” rating in a research note on Friday, September 19th. Finally, The Goldman Sachs Group dropped their price target on shares of FedEx from $290.00 to $276.00 and set a “buy” rating on the stock in a research note on Friday, September 12th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $271.25.

FedEx Stock Down 5.0%

FDX stock opened at $225.14 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.25 and a quick ratio of 1.21. FedEx Corporation has a 52-week low of $194.29 and a 52-week high of $308.53. The company has a 50-day moving average of $230.78 and a two-hundred day moving average of $225.76. The stock has a market capitalization of $53.12 billion, a price-to-earnings ratio of 13.14, a price-to-earnings-growth ratio of 1.25 and a beta of 1.28.

FedEx (NYSE:FDX) last released its quarterly 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. FedEx had a net margin of 4.65% and a return on equity of 16.33%. 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 company earned $3.60 earnings per share. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. As a group, equities research analysts anticipate that FedEx Corporation will post 19.14 EPS 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 given a dividend of $1.45 per share. The ex-dividend date of this dividend was Monday, September 8th. This represents a $5.80 dividend on an annualized basis and a dividend yield of 2.6%. FedEx’s dividend payout ratio is currently 33.86%.

FedEx 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.