Journey Strategic Wealth LLC Purchases 324 Shares of FedEx Corporation $FDX

Journey Strategic Wealth LLC boosted its position in shares of FedEx Corporation (NYSE:FDX) by 15.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,449 shares of the shipping service provider’s stock after purchasing an additional 324 shares during the quarter. Journey Strategic Wealth LLC’s holdings in FedEx were worth $557,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of FDX. Vanguard Group Inc. boosted its position in shares of FedEx by 1.0% during the second quarter. Vanguard Group Inc. now owns 20,700,326 shares of the shipping service provider’s stock worth $4,705,391,000 after purchasing an additional 211,165 shares in the last quarter. Geode Capital Management LLC raised its stake in FedEx by 0.6% during the 2nd quarter. Geode Capital Management LLC now owns 4,947,670 shares of the shipping service provider’s stock worth $1,124,524,000 after buying an additional 28,450 shares during the period. Franklin Resources Inc. raised its stake in FedEx by 2.1% during the 2nd quarter. Franklin Resources Inc. now owns 4,545,371 shares of the shipping service provider’s stock worth $1,033,208,000 after buying an additional 94,136 shares during the period. Valeo Financial Advisors LLC lifted its holdings in FedEx by 28,080.9% during the second quarter. Valeo Financial Advisors LLC now owns 3,743,557 shares of the shipping service provider’s stock worth $850,948,000 after acquiring an additional 3,730,273 shares in the last quarter. Finally, Invesco Ltd. grew its stake in FedEx by 1.4% in the first quarter. Invesco Ltd. now owns 3,264,993 shares of the shipping service provider’s stock valued at $795,940,000 after acquiring an additional 43,989 shares during the period. 84.47% of the stock is currently owned by institutional investors and hedge funds.

FedEx Trading Up 2.5%

NYSE:FDX opened at $269.55 on Friday. The company has a market cap of $63.60 billion, a P/E ratio of 15.74, a price-to-earnings-growth ratio of 1.40 and a beta of 1.31. FedEx Corporation has a twelve month low of $194.29 and a twelve month high of $308.53. The business has a 50 day moving average price of $245.20 and a two-hundred day moving average price of $233.55. 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 (NYSE:FDX) last announced its quarterly earnings data on Thursday, September 18th. The shipping service provider reported $3.83 EPS for the quarter, topping 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 business had revenue of $22.20 billion for the quarter, compared to analyst estimates of $21.74 billion. During the same quarter in the previous year, the firm posted $3.60 earnings per share. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. As a group, analysts expect that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Monday, December 15th will be paid a dividend of $1.45 per share. This represents a $5.80 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Monday, December 15th. FedEx’s dividend payout ratio is currently 33.86%.

Analysts Set New Price Targets

A number of research firms have recently commented on FDX. UBS Group raised their price target on FedEx from $293.00 to $314.00 and gave the stock a “buy” rating in a research report on Friday, September 19th. Susquehanna boosted their price objective on FedEx from $285.00 to $300.00 and gave the company a “positive” rating in a research report on Friday, September 19th. Citigroup raised their target price on shares of FedEx from $279.00 to $310.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. Stifel Nicolaus lifted their price target on shares of FedEx from $296.00 to $297.00 and gave the company a “buy” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating on shares of FedEx in a report on Thursday, November 13th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $276.13.

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.