Wealth Management Associates Inc. Boosts Holdings in FedEx Corporation $FDX

Wealth Management Associates Inc. raised its holdings in FedEx Corporation (NYSE:FDX) by 13.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,725 shares of the shipping service provider’s stock after purchasing an additional 206 shares during the quarter. Wealth Management Associates Inc.’s holdings in FedEx were worth $421,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of FDX. Abound Financial LLC acquired a new position in shares of FedEx in the first quarter worth about $38,000. Ameriflex Group Inc. acquired a new position in shares of FedEx in the fourth quarter worth about $43,000. WPG Advisers LLC acquired a new position in shares of FedEx during the 1st quarter worth about $43,000. Cary Street Partners Investment Advisory LLC raised its position in shares of 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 purchasing an additional 71 shares during the last quarter. Finally, SOA Wealth Advisors LLC. raised its position in shares of FedEx by 60.6% during the 1st quarter. SOA Wealth Advisors LLC. now owns 249 shares of the shipping service provider’s stock worth $61,000 after purchasing an additional 94 shares during the last quarter. Institutional investors and hedge funds own 84.47% of the company’s stock.

Analysts Set New Price Targets

FDX has been the subject of a number of recent research reports. BNP Paribas Exane upgraded shares of FedEx from an “underperform” rating to an “outperform” rating and set a $270.00 price objective for the company in a report on Thursday, July 3rd. Raymond James Financial reaffirmed an “outperform” rating and set a $260.00 price objective (down previously from $275.00) on shares of FedEx in a research report on Wednesday, June 25th. Stephens reaffirmed an “overweight” rating and set a $300.00 price objective on shares of FedEx in a research report on Tuesday, May 20th. Barclays reissued an “overweight” rating and issued a $320.00 price target (down previously from $330.00) on shares of FedEx in a research report on Wednesday, June 25th. Finally, Citigroup decreased their price target on shares of FedEx from $278.00 to $275.00 and set a “buy” rating for the company in a research report on Monday, August 18th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $282.75.

Insider Buying and Selling

In other news, Director Paul S. Walsh sold 3,610 shares of the stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $238.29, for a total value of $860,226.90. Following the completion of the sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Marvin R. Ellison sold 3,610 shares of the stock in a transaction on Wednesday, July 9th. The stock was sold at an average price of $236.94, for a total transaction 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,343 shares of company stock valued at $2,228,816. Insiders own 0.53% of the company’s stock.

FedEx Trading Up 0.0%

Shares of FedEx stock opened at $225.82 on Thursday. The firm has a market cap of $53.28 billion, a price-to-earnings ratio of 13.38, a price-to-earnings-growth ratio of 1.18 and a beta of 1.20. FedEx Corporation has a 52-week low of $194.29 and a 52-week high of $308.53. The company’s 50-day simple moving average is $230.23 and its 200-day simple moving average is $227.97. 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 (NYSE:FDX) last released its quarterly earnings data on Tuesday, June 24th. The shipping service provider reported $6.07 EPS for the quarter, topping analysts’ consensus estimates of $5.98 by $0.09. FedEx had a net margin of 4.65% and a return on equity of 16.34%. The firm had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $21.86 billion. During the same quarter in the previous year, the firm earned $5.41 earnings per share. FedEx has set its Q1 2026 guidance at 3.400-4.000 EPS. As a group, equities research analysts anticipate that FedEx Corporation will post 19.14 earnings per share for the current year.

FedEx Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Investors 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 annualized dividend and a dividend yield of 2.6%. FedEx’s dividend payout ratio is presently 34.36%.

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.