FedEx Corporation $FDX is Valeo Financial Advisors LLC’s 9th Largest Position

Valeo Financial Advisors LLC boosted its holdings in shares of FedEx Corporation (NYSE:FDX) by 28,080.9% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 3,743,557 shares of the shipping service provider’s stock after acquiring an additional 3,730,273 shares during the quarter. FedEx accounts for approximately 2.6% of Valeo Financial Advisors LLC’s holdings, making the stock its 9th biggest holding. Valeo Financial Advisors LLC’s holdings in FedEx were worth $850,948,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of FDX. Brighton Jones LLC lifted its stake in shares of FedEx by 12.8% during the 4th quarter. Brighton Jones LLC now owns 1,825 shares of the shipping service provider’s stock worth $514,000 after purchasing an additional 207 shares during the last quarter. NBC Securities Inc. purchased a new stake in shares of FedEx during the first quarter valued at about $147,000. Merit Financial Group LLC boosted its holdings in shares of FedEx by 54.7% in the 1st quarter. Merit Financial Group LLC now owns 4,374 shares of the shipping service provider’s stock valued at $1,066,000 after buying an additional 1,546 shares in the last quarter. RFG Advisory LLC grew its position in shares of FedEx by 26.8% in the 1st quarter. RFG Advisory LLC now owns 1,312 shares of the shipping service provider’s stock worth $320,000 after buying an additional 277 shares during the last quarter. Finally, Vest Financial LLC raised its stake in shares of FedEx by 73.6% during the 1st quarter. Vest Financial LLC now owns 2,593 shares of the shipping service provider’s stock worth $632,000 after acquiring an additional 1,099 shares in the last quarter. Hedge funds and other institutional investors own 84.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on FDX shares. BMO Capital Markets dropped their target price on FedEx from $260.00 to $255.00 and set a “market perform” rating on the stock in a research note on Friday, September 19th. Cowen restated a “buy” rating on shares of FedEx in a research note on Wednesday, June 25th. Dbs Bank raised shares of FedEx from a “hold” rating to a “moderate buy” rating in a research report on Thursday, August 21st. Stifel Nicolaus dropped their target price on shares of FedEx from $308.00 to $296.00 and set a “buy” rating on the stock in a research report on Wednesday, September 17th. Finally, TD Cowen raised their price target on shares of FedEx from $269.00 to $271.00 and gave the stock a “buy” rating in a report on Friday, September 19th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $271.67.

FedEx Stock Performance

NYSE FDX opened at $244.14 on Monday. The stock has a market capitalization of $57.61 billion, a price-to-earnings ratio of 14.25, a PEG ratio of 1.36 and a beta of 1.28. The stock has a 50-day moving average of $229.77 and a 200 day moving average of $225.71. The company has a current ratio of 1.25, a quick ratio of 1.21 and a debt-to-equity ratio of 0.73. FedEx Corporation has a twelve month low of $194.29 and a twelve month high of $308.53.

FedEx (NYSE:FDX) last announced its earnings results on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share for the quarter, topping the consensus estimate of $3.71 by $0.12. FedEx had a return on equity of 16.33% and a net margin of 4.65%.The business had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $21.74 billion. During the same period in the prior year, the company posted $3.60 EPS. The business’s quarterly revenue was up 3.1% on a year-over-year basis. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. Sell-side analysts anticipate that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Monday, September 8th were paid a dividend of $1.45 per share. The ex-dividend date of this dividend was Monday, September 8th. This represents a $5.80 dividend on an annualized basis and a dividend yield of 2.4%. FedEx’s payout ratio is currently 33.86%.

Insider Activity

In other FedEx news, Director Paul S. Walsh sold 3,610 shares of the stock in a transaction that occurred on Tuesday, July 8th. The stock was 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 of the company’s stock, valued at $3,696,592.77. This represents a 18.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Marvin R. Ellison sold 3,610 shares of the business’s stock in a transaction that occurred on Wednesday, July 9th. The stock was sold at an average price of $236.94, for a total value of $855,353.40. Following the sale, the director owned 7,720 shares of the company’s stock, valued at $1,829,176.80. The trade was a 31.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.53% of the stock is owned by corporate insiders.

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.