Arista Wealth Management LLC Invests $227,000 in FedEx Corporation $FDX

Arista Wealth Management LLC acquired a new position in FedEx Corporation (NYSE:FDX) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,000 shares of the shipping service provider’s stock, valued at approximately $227,000.

Other hedge funds have also recently made changes to their positions in the company. Abound Financial LLC bought a new position in shares of FedEx in the 1st quarter worth about $38,000. WPG Advisers LLC bought a new position in shares of FedEx in the 1st quarter worth about $43,000. Cary Street Partners Investment Advisory LLC raised its position in shares of FedEx by 60.7% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 188 shares of the shipping service provider’s stock worth $46,000 after acquiring an additional 71 shares in the last quarter. Alpine Bank Wealth Management bought a new position in shares of FedEx in the 1st quarter worth about $65,000. Finally, Motco raised its position in shares of FedEx by 61.8% in the 1st quarter. Motco now owns 267 shares of the shipping service provider’s stock worth $65,000 after acquiring an additional 102 shares in the last quarter. 84.47% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on FDX. Jefferies Financial Group lifted their price objective on FedEx from $275.00 to $280.00 and gave the stock a “buy” rating in a research report on Friday, September 19th. Stephens reaffirmed an “overweight” rating and issued a $260.00 target price on shares of FedEx in a research report on Tuesday. BNP Paribas Exane raised FedEx from an “underperform” rating to an “outperform” rating and set a $270.00 target price for the company in a research report on Thursday, July 3rd. UBS Group boosted their target price on FedEx from $293.00 to $314.00 and gave the company a “buy” rating in a research report on Friday, September 19th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $274.00 target price (down from $284.00) on shares of FedEx in a research report on Wednesday, October 8th. One investment 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 assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $271.83.

FedEx Stock Performance

Shares of FDX opened at $238.55 on Friday. 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 50 day moving average price of $231.90 and a two-hundred day moving average price of $225.61. The firm has a market capitalization of $56.29 billion, a P/E ratio of 13.93, a P/E/G ratio of 1.32 and a beta of 1.28. FedEx Corporation has a 52 week low of $194.29 and a 52 week high of $308.53.

FedEx (NYSE:FDX) last issued its quarterly earnings data on Thursday, September 18th. The shipping service provider reported $3.83 EPS for the quarter, topping analysts’ consensus estimates of $3.71 by $0.12. The firm had revenue of $22.20 billion during 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 company’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the previous year, the company posted $3.60 EPS. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. Equities analysts forecast that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Announces Dividend

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

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.