Pines Wealth Management LLC Grows Stock Position in FedEx Corporation $FDX

Pines Wealth Management LLC raised its holdings in FedEx Corporation (NYSE:FDX) by 15.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,970 shares of the shipping service provider’s stock after buying an additional 1,214 shares during the quarter. FedEx makes up approximately 0.8% of Pines Wealth Management LLC’s holdings, making the stock its 28th largest holding. Pines Wealth Management LLC’s holdings in FedEx were worth $2,164,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Abound Financial LLC acquired a new stake in shares of FedEx during the 1st quarter worth $38,000. Ameriflex Group Inc. purchased a new stake in shares of FedEx during the 4th quarter worth about $43,000. WPG Advisers LLC acquired a new stake in FedEx during the 1st quarter worth approximately $43,000. Cary Street Partners Investment Advisory LLC raised its holdings in FedEx by 60.7% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 188 shares of the shipping service provider’s stock valued at $46,000 after buying an additional 71 shares during the period. Finally, SOA Wealth Advisors LLC. lifted its position in FedEx by 60.6% during the first quarter. SOA Wealth Advisors LLC. now owns 249 shares of the shipping service provider’s stock valued at $61,000 after buying an additional 94 shares in the last quarter. 84.47% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other FedEx news, Director Marvin R. Ellison sold 3,610 shares of the business’s stock in a transaction that occurred on Wednesday, July 9th. The shares were sold at an average price of $236.94, for a total value of $855,353.40. Following the completion of the sale, the director directly 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Paul S. Walsh sold 3,610 shares of the stock in a transaction 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 transaction, the director directly owned 15,513 shares in the company, valued at $3,696,592.77. The trade was a 18.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,343 shares of company stock worth $2,228,816. Corporate insiders own 0.53% of the company’s stock.

FedEx Trading Up 0.9%

Shares of NYSE FDX opened at $227.62 on Wednesday. The business has a fifty day simple moving average of $229.37 and a 200-day simple moving average of $226.95. The company has a market cap of $53.71 billion, a price-to-earnings ratio of 13.48, a P/E/G ratio of 1.27 and a beta of 1.20. The company has a quick ratio of 1.15, a current ratio of 1.19 and a debt-to-equity ratio of 0.68. FedEx Corporation has a 12 month low of $194.29 and a 12 month high of $308.53.

FedEx (NYSE:FDX) last issued its quarterly earnings results on Tuesday, June 24th. The shipping service provider reported $6.07 EPS for the quarter, beating the consensus estimate of $5.98 by $0.09. FedEx had a net margin of 4.65% and a return on equity of 16.34%. The business had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $21.86 billion. During the same quarter in the prior year, the firm earned $5.41 EPS. FedEx has set its Q1 2026 guidance at 3.400-4.000 EPS. Sell-side analysts predict that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 8th will be paid a dividend of $1.45 per share. The ex-dividend date of this dividend is Monday, September 8th. This represents a $5.80 dividend on an annualized basis and a dividend yield of 2.5%. FedEx’s dividend payout ratio (DPR) is 34.36%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on FDX. Dbs Bank raised shares of FedEx from a “hold” rating to a “moderate buy” rating in a research report on Thursday, August 21st. TD Cowen reduced their price objective on FedEx from $310.00 to $269.00 and set a “buy” rating on the stock in a research note on Wednesday, June 25th. Sanford C. Bernstein lowered their target price on FedEx from $249.00 to $247.00 and set a “market perform” rating for the company in a research note on Tuesday. JPMorgan Chase & Co. decreased their price target on FedEx from $290.00 to $285.00 and set an “overweight” rating for the company in a report on Friday, September 5th. Finally, Stephens reiterated an “overweight” rating and set a $300.00 price objective on shares of FedEx in a research note on Tuesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $282.46.

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.