Sagespring Wealth Partners LLC Purchases 456 Shares of FedEx Corporation $FDX

Sagespring Wealth Partners LLC increased its position in shares of FedEx Corporation (NYSE:FDX) by 21.9% during the 2nd quarter, Holdings Channel reports. The fund owned 2,535 shares of the shipping service provider’s stock after buying an additional 456 shares during the quarter. Sagespring Wealth Partners LLC’s holdings in FedEx were worth $576,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of FDX. Abound Financial LLC bought a new position in FedEx during the 1st quarter worth approximately $38,000. WPG Advisers LLC bought a new position in FedEx during the 1st quarter worth approximately $43,000. Cary Street Partners Investment Advisory LLC boosted its stake in FedEx by 60.7% during 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 during the last quarter. Alpine Bank Wealth Management bought a new position in FedEx in the first quarter valued at approximately $65,000. Finally, Motco lifted its stake in FedEx by 61.8% in the first quarter. Motco now owns 267 shares of the shipping service provider’s stock valued at $65,000 after buying an additional 102 shares in the last quarter. Institutional investors own 84.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. BMO Capital Markets cut their price target on shares of FedEx from $260.00 to $255.00 and set a “market perform” rating on the stock in a research note on Friday, September 19th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of FedEx in a research note on Wednesday, October 8th. Stifel Nicolaus cut 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. Susquehanna lifted their price target on shares of FedEx from $285.00 to $300.00 and gave the company a “positive” rating in a research note on Friday, September 19th. Finally, Sanford C. Bernstein lifted their price target 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. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, FedEx presently has an average rating of “Moderate Buy” and an average target price of $271.83.

FedEx Price Performance

NYSE FDX opened at $236.91 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.25 and a debt-to-equity ratio of 0.73. FedEx Corporation has a 12-month low of $194.29 and a 12-month high of $308.53. The company has a market capitalization of $55.90 billion, a PE ratio of 13.83, a price-to-earnings-growth ratio of 1.31 and a beta of 1.28. The firm’s 50 day moving average is $231.68 and its 200-day moving average is $225.63.

FedEx (NYSE:FDX) last posted its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $21.74 billion. During the same period last year, the company earned $3.60 earnings per share. The firm’s 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. Equities research analysts anticipate that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Announces Dividend

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