FedEx Corporation $FDX Shares Acquired by MBM Wealth Consultants LLC

MBM Wealth Consultants LLC boosted its holdings in FedEx Corporation (NYSE:FDX) by 23.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,149 shares of the shipping service provider’s stock after purchasing an additional 1,187 shares during the quarter. MBM Wealth Consultants LLC’s holdings in FedEx were worth $1,398,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. NewSquare Capital LLC boosted its stake in shares of 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 buying an additional 67 shares during the period. WPG Advisers LLC purchased a new stake in FedEx during the 1st quarter valued at approximately $43,000. Cary Street Partners Investment Advisory LLC lifted its position 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 period. Rise Advisors LLC lifted its position in FedEx by 21.0% during the 1st quarter. Rise Advisors LLC now owns 340 shares of the shipping service provider’s stock worth $83,000 after acquiring an additional 59 shares during the period. Finally, AlphaCore Capital LLC purchased a new position in shares of FedEx in the 1st quarter valued at approximately $91,000. Institutional investors and hedge funds own 84.47% of the company’s stock.

FedEx Stock Performance

Shares of FDX opened at $275.70 on Monday. The company has a 50-day moving average of $249.80 and a two-hundred day moving average of $235.35. The stock has a market cap of $65.05 billion, a P/E ratio of 16.09, a PEG ratio of 1.43 and a beta of 1.31. FedEx Corporation has a 12-month low of $194.29 and a 12-month high of $304.76. 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 (NYSE:FDX) last released its quarterly earnings results on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share for the quarter, topping analysts’ consensus estimates of $3.71 by $0.12. FedEx had a return on equity of 16.33% and a net margin of 4.65%.The company had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $21.74 billion. During the same period in the previous year, the firm posted $3.60 earnings per share. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. As a group, research analysts predict that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Monday, December 15th will be paid a $1.45 dividend. This represents a $5.80 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Monday, December 15th. FedEx’s dividend payout ratio (DPR) is currently 33.86%.

Analysts Set New Price Targets

Several research firms have recently commented on FDX. Dbs Bank upgraded FedEx from a “hold” rating to a “moderate buy” rating in a research note on Thursday, August 21st. HSBC raised their target price on shares of FedEx from $230.00 to $235.00 in a research note on Friday, September 19th. Wolfe Research raised their price target on FedEx from $254.00 to $298.00 in a report on Tuesday, October 7th. The Goldman Sachs Group dropped their price objective on FedEx from $290.00 to $276.00 and set a “buy” rating on the stock in a report on Friday, September 12th. Finally, Evercore ISI reduced their target price on FedEx from $243.00 to $239.00 in a report on Friday, September 19th. 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $276.13.

About FedEx

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.