Avondale Wealth Management Grows Position in FedEx Corporation $FDX

Avondale Wealth Management raised its holdings in FedEx Corporation (NYSE:FDX) by 200.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 600 shares of the shipping service provider’s stock after buying an additional 400 shares during the period. Avondale Wealth Management’s holdings in FedEx were worth $136,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Brighton Jones LLC grew its position in shares of FedEx by 12.8% during the fourth quarter. Brighton Jones LLC now owns 1,825 shares of the shipping service provider’s stock worth $514,000 after acquiring an additional 207 shares during the last quarter. Versant Capital Management Inc lifted its holdings in FedEx by 94.1% in the first quarter. Versant Capital Management Inc now owns 788 shares of the shipping service provider’s stock valued at $192,000 after acquiring an additional 382 shares during the period. GAMMA Investing LLC boosted its holdings in FedEx by 18,202.1% during the first quarter. GAMMA Investing LLC now owns 545,586 shares of the shipping service provider’s stock worth $133,003,000 after buying an additional 542,605 shares in the last quarter. Fifth Third Wealth Advisors LLC boosted its stake in shares of FedEx by 25.7% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 4,631 shares of the shipping service provider’s stock worth $1,129,000 after acquiring an additional 946 shares in the last quarter. Finally, Allied Investment Advisors LLC grew its holdings in FedEx by 6.5% in the first quarter. Allied Investment Advisors LLC now owns 43,445 shares of the shipping service provider’s stock valued at $10,591,000 after purchasing an additional 2,641 shares during the last quarter. Hedge funds and other institutional investors own 84.47% of the company’s stock.

FedEx Price Performance

FedEx stock opened at $237.89 on Monday. FedEx Corporation has a 1 year low of $194.29 and a 1 year high of $308.53. 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 firm has a 50 day moving average price of $229.31 and a 200 day moving average price of $225.90. The company has a market cap of $56.13 billion, a price-to-earnings ratio of 13.89, a PEG ratio of 1.32 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 earnings per share for the quarter, beating analysts’ consensus estimates of $3.71 by $0.12. The company had revenue of $22.20 billion for 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 for the quarter was up 3.1% on a year-over-year basis. During the same quarter last year, the business earned $3.60 EPS. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. Sell-side analysts predict that FedEx Corporation will post 19.14 earnings per share for the current year.

FedEx Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 8th will be issued 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 is Monday, September 8th. FedEx’s dividend payout ratio (DPR) is 33.86%.

Insider Activity

In other news, Director Marvin R. Ellison sold 3,610 shares of the business’s stock in a transaction dated 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 sale, the director owned 7,720 shares in the company, valued at approximately $1,829,176.80. The trade was a 31.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Paul S. Walsh sold 3,610 shares of the firm’s stock in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $238.29, for a total transaction of $860,226.90. Following the completion of the transaction, the director owned 15,513 shares in the company, valued at $3,696,592.77. The trade was a 18.88% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,343 shares of company stock valued at $2,228,816 in the last three months. Corporate insiders own 0.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. HSBC upped their target price on FedEx from $230.00 to $235.00 in a research note on Friday, September 19th. The Goldman Sachs Group decreased their price objective on FedEx from $290.00 to $276.00 and set a “buy” rating on the stock in a research note on Friday, September 12th. Sanford C. Bernstein boosted their target price on shares of FedEx from $247.00 to $250.00 and gave the company a “market perform” rating in a research note on Monday, September 22nd. Barclays restated an “overweight” rating and issued a $320.00 target price (down from $330.00) on shares of FedEx in a report on Wednesday, June 25th. Finally, Bank of America boosted their price objective on shares of FedEx from $240.00 to $244.00 and gave the company a “neutral” rating in a research report on Friday, September 19th. One research 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price 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.