Wealth Enhancement Advisory Services LLC Raises Stock Position in FedEx Corporation $FDX

Wealth Enhancement Advisory Services LLC grew its stake in shares of FedEx Corporation (NYSE:FDX) by 17.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 126,645 shares of the shipping service provider’s stock after acquiring an additional 18,689 shares during the period. Wealth Enhancement Advisory Services LLC owned about 0.05% of FedEx worth $30,690,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. NewSquare Capital LLC raised its holdings in FedEx by 121.8% during the second quarter. NewSquare Capital LLC now owns 122 shares of the shipping service provider’s stock worth $28,000 after purchasing an additional 67 shares during the last quarter. Twin Peaks Wealth Advisors LLC acquired a new position in shares of FedEx during the 2nd quarter worth $28,000. City Holding Co. boosted its position in shares of FedEx by 167.0% in the 3rd quarter. City Holding Co. now owns 267 shares of the shipping service provider’s stock worth $63,000 after buying an additional 167 shares in the last quarter. Quent Capital LLC acquired a new stake in FedEx in the 3rd quarter valued at about $71,000. Finally, Steigerwald Gordon & Koch Inc. purchased a new position in FedEx during the 3rd quarter valued at about $84,000. Institutional investors and hedge funds own 84.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on FDX. Susquehanna cut their target price on shares of FedEx from $345.00 to $340.00 in a research note on Tuesday, December 23rd. Wells Fargo & Company upped their price objective on shares of FedEx from $290.00 to $295.00 and gave the company an “equal weight” rating in a research note on Friday, December 19th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of FedEx in a report on Tuesday. The Goldman Sachs Group boosted their target price on shares of FedEx from $301.00 to $317.00 and gave the company a “buy” rating in a report on Friday, December 19th. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of FedEx in a research report on Friday, December 19th. Sixteen research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $301.36.

FedEx Trading Down 0.1%

Shares of FDX stock opened at $300.67 on Wednesday. The company has a quick ratio of 1.23, a current ratio of 1.27 and a debt-to-equity ratio of 0.72. FedEx Corporation has a fifty-two week low of $194.29 and a fifty-two week high of $318.83. The firm’s 50 day moving average price is $286.29 and its two-hundred day moving average price is $253.07. The stock has a market cap of $70.69 billion, a price-to-earnings ratio of 16.58, a price-to-earnings-growth ratio of 1.55 and a beta of 1.35.

FedEx (NYSE:FDX) last issued its earnings results on Thursday, December 18th. The shipping service provider reported $4.82 EPS for the quarter, beating analysts’ consensus estimates of $4.02 by $0.80. FedEx had a net margin of 4.81% and a return on equity of 16.63%. The business had revenue of $23.47 billion for the quarter, compared to the consensus estimate of $22.79 billion. During the same quarter last year, the firm posted $4.05 EPS. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. FedEx has set its FY 2026 guidance at 17.800-19.000 EPS. On average, analysts anticipate that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 6th. Investors of record on Monday, December 15th were issued a dividend of $1.45 per share. This represents a $5.80 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Monday, December 15th. FedEx’s dividend payout ratio (DPR) is presently 31.97%.

FedEx Company Profile

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.