Perigon Wealth Management LLC Acquires New Stake in FedEx Corporation $FDX

Posted by George Bondi on Aug 18th, 2026

Perigon Wealth Management LLC bought a new stake in FedEx Corporation (NYSE:FDX – Free Report) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 6,045 shares of the shipping service provider’s stock, valued at approximately $1,893,000.

A number of other large investors have also made changes to their positions in the company. Brighton Jones LLC boosted its holdings in shares of FedEx by 12.8% in the fourth quarter. Brighton Jones LLC now owns 1,825 shares of the shipping service provider’s stock worth $514,000 after buying an additional 207 shares during the last quarter. Empowered Funds LLC grew its position in shares of FedEx by 78.9% during the 1st quarter. Empowered Funds LLC now owns 10,311 shares of the shipping service provider’s stock valued at $2,514,000 after acquiring an additional 4,548 shares during the period. Sivia Capital Partners LLC purchased a new stake in shares of FedEx in the 2nd quarter worth $586,000. Quantbot Technologies LP bought a new position in FedEx in the 2nd quarter worth $186,000. Finally, Jump Financial LLC purchased a new position in FedEx during the second quarter valued at $456,000. 84.47% of the stock is currently owned by institutional investors.

FedEx Price Performance

Shares of NYSE:FDX opened at $331.86 on Tuesday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.44 and a current ratio of 1.48. The firm has a fifty day moving average price of $319.43 and a 200 day moving average price of $351.54. FedEx Corporation has a fifty-two week low of $177.05 and a fifty-two week high of $345.36. The firm has a market cap of $78.51 billion, a price-to-earnings ratio of 17.93, a P/E/G ratio of 1.72 and a beta of 1.30.

FedEx (NYSE:FDX – Get Free Report) last announced its quarterly earnings results on Tuesday, July 21st. The shipping service provider reported $5.88 earnings per share (EPS) for the quarter. FedEx had a net margin of 4.68% and a return on equity of 16.49%. The company had revenue of $23.26 billion for the quarter. As a group, sell-side analysts expect that FedEx Corporation will post 17.6 earnings per share for the current fiscal year.

FedEx Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 7th. Investors of record on Monday, June 22nd were given a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Monday, June 22nd. FedEx’s payout ratio is currently 26.36%.

Wall Street Analyst Weigh In

A number of analysts have commented on FDX shares. Wall Street Zen upgraded FedEx to a “hold” rating in a research report on Saturday, August 8th. Bank of America increased their target price on shares of FedEx from $376.00 to $378.00 and gave the stock a “buy” rating in a report on Wednesday, June 24th. The Goldman Sachs Group decreased their target price on shares of FedEx from $405.00 to $375.00 and set a “buy” rating on the stock in a research note on Monday, June 1st. Stephens upgraded shares of FedEx to a “strong-buy” rating in a research report on Wednesday, July 8th. Finally, TD Cowen decreased their price objective on shares of FedEx from $426.00 to $354.00 in a research report on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, FedEx currently has a consensus rating of “Moderate Buy” and an average target price of $350.54.

Check Out Our Latest Research Report on FDX

Insider Activity at FedEx

In related news, Director Paul S. Walsh sold 5,042 shares of the stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $324.56, for a total transaction of $1,636,431.52. Following the completion of the transaction, the director directly owned 16,359 shares of the company’s stock, valued at approximately $5,309,477.04. This represents a 23.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.53% of the company’s stock.

FedEx Company Profile

(Free Report)

FedEx Corporation (NYSE: FDX) is a global logistics and courier company headquartered in Memphis, Tennessee. Founded by Frederick W. Smith in 1971 and beginning operations in the early 1970s, the company pioneered overnight express shipping and has since expanded into a diversified portfolio of transportation, e-commerce and supply-chain services. FedEx operates an integrated air-and-ground network that moves parcels, freight and documents for businesses and consumers worldwide.

FedEx’s core operating segments include express parcel delivery via its FedEx Express division, domestic and residential parcel delivery through FedEx Ground, less-than-truckload (LTL) freight services, and logistics and supply-chain management solutions.