Kingsview Wealth Management LLC Has $8 Million Stake in FedEx Corporation $FDX

Kingsview Wealth Management LLC raised its stake in shares of FedEx Corporation (NYSE:FDX) by 1,167.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 33,937 shares of the shipping service provider’s stock after purchasing an additional 31,259 shares during the period. Kingsview Wealth Management LLC’s holdings in FedEx were worth $8,003,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Kelman Lazarov Inc. lifted its stake in shares of FedEx by 9.6% in the third quarter. Kelman Lazarov Inc. now owns 3,501 shares of the shipping service provider’s stock worth $826,000 after acquiring an additional 307 shares during the period. 111 Capital bought a new position in FedEx during the 3rd quarter worth approximately $307,000. Elo Mutual Pension Insurance Co lifted its position in shares of FedEx by 37.8% in the 3rd quarter. Elo Mutual Pension Insurance Co now owns 15,299 shares of the shipping service provider’s stock worth $3,608,000 after purchasing an additional 4,200 shares during the period. Fisher Asset Management LLC boosted its stake in shares of FedEx by 36.9% in the 3rd quarter. Fisher Asset Management LLC now owns 1,863 shares of the shipping service provider’s stock valued at $439,000 after purchasing an additional 502 shares during the last quarter. Finally, Journey Strategic Wealth LLC increased its position in shares of FedEx by 44.0% during the third quarter. Journey Strategic Wealth LLC now owns 3,526 shares of the shipping service provider’s stock worth $832,000 after buying an additional 1,077 shares during the period. Institutional investors own 84.47% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on FDX shares. JPMorgan Chase & Co. restated a “neutral” rating on shares of FedEx in a report on Tuesday, January 20th. Bank of America upped their target price on FedEx from $408.00 to $414.00 and gave the company a “buy” rating in a research report on Tuesday, February 10th. HSBC cut FedEx from a “hold” rating to a “reduce” rating and set a $335.00 target price for the company. in a research note on Wednesday, February 25th. Rothschild & Co Redburn boosted their price target on FedEx from $317.00 to $371.00 and gave the company a “neutral” rating in a research note on Tuesday, February 24th. Finally, Stephens raised their price objective on shares of FedEx from $330.00 to $405.00 and gave the stock an “overweight” rating in a research report on Friday, February 13th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, nine have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $364.15.

FedEx Stock Up 0.0%

Shares of NYSE:FDX opened at $387.02 on Tuesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.23 and a current ratio of 1.27. FedEx Corporation has a 52-week low of $194.29 and a 52-week high of $392.86. The business’s 50 day simple moving average is $333.54 and its two-hundred day simple moving average is $278.80. The firm has a market cap of $91.00 billion, a P/E ratio of 21.34, a PEG ratio of 1.85 and a beta of 1.29.

FedEx (NYSE:FDX) last issued its earnings results on Thursday, December 18th. The shipping service provider reported $4.82 earnings per share for the quarter, topping analysts’ consensus estimates of $4.02 by $0.80. FedEx had a return on equity of 16.63% and a net margin of 4.81%.The company had revenue of $23.47 billion for the quarter, compared to analyst estimates of $22.79 billion. During the same period in the prior year, the firm earned $4.05 earnings per share. FedEx’s revenue for the quarter was up 6.8% on a year-over-year basis. FedEx has set its FY 2026 guidance at 17.800-19.000 EPS. As a group, research analysts forecast that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Monday, March 9th will be issued a dividend of $1.45 per share. This represents a $5.80 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Monday, March 9th. FedEx’s dividend payout ratio (DPR) is currently 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.