FedEx Corporation $FDX Shares Acquired by Xcel Wealth Management LLC

by · The Markets Daily

Xcel Wealth Management LLC boosted its position in FedEx Corporation (NYSE:FDX – Free Report) by 110.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,096 shares of the shipping service provider’s stock after purchasing an additional 5,819 shares during the quarter. Xcel Wealth Management LLC’s holdings in FedEx were worth $2,617,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Brighton Jones LLC lifted its stake in shares of FedEx by 12.8% during the fourth quarter. Brighton Jones LLC now owns 1,825 shares of the shipping service provider’s stock valued at $514,000 after buying an additional 207 shares during the period. Empowered Funds LLC lifted its stake in shares of FedEx by 78.9% during the 1st quarter. Empowered Funds LLC now owns 10,311 shares of the shipping service provider’s stock worth $2,514,000 after purchasing an additional 4,548 shares during the period. Sivia Capital Partners LLC acquired a new stake in shares of FedEx during the second quarter worth $586,000. Focus Financial Network Inc. grew its position in shares of FedEx by 6.8% in the second quarter. Focus Financial Network Inc. now owns 2,224 shares of the shipping service provider’s stock valued at $505,000 after purchasing an additional 142 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its position in shares of FedEx by 16.1% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 107,956 shares of the shipping service provider’s stock valued at $26,042,000 after purchasing an additional 14,989 shares during the period. 84.47% of the stock is currently owned by hedge funds and other institutional investors.

More FedEx News

Here are the key news stories impacting FedEx this week:

Analyst Ratings Changes

A number of brokerages have issued reports on FDX. Royal Bank Of Canada lowered FedEx to a “sector perform” rating in a research note on Wednesday, December 17th. JPMorgan Chase & Co. raised their target price on shares of FedEx from $285.00 to $294.00 and gave the stock a “neutral” rating in a research report on Friday, December 19th. BMO Capital Markets upped their price target on shares of FedEx from $265.00 to $290.00 and gave the stock a “market perform” rating in a research report on Friday, December 19th. BNP Paribas set a $280.00 price target on shares of FedEx and gave the company a “neutral” rating in a report on Tuesday, January 13th. Finally, Morgan Stanley upped their price objective on FedEx from $200.00 to $210.00 and gave the stock an “underweight” rating in a report on Friday, December 19th. Sixteen investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, FedEx currently has a consensus rating of “Hold” and an average target price of $302.65.

Check Out Our Latest Stock Analysis on FDX

FedEx Stock Performance

Shares of FDX stock opened at $308.11 on Monday. The company has a current ratio of 1.27, a quick ratio of 1.23 and a debt-to-equity ratio of 0.72. The company has a market cap of $72.44 billion, a PE ratio of 16.99, a P/E/G ratio of 1.55 and a beta of 1.35. The company’s fifty day simple moving average is $284.56 and its 200-day simple moving average is $252.17. FedEx Corporation has a 52 week low of $194.29 and a 52 week high of $318.83.

FedEx (NYSE:FDX – Get Free Report) last announced its quarterly earnings results on Thursday, December 18th. The shipping service provider reported $4.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.02 by $0.80. The firm had revenue of $23.47 billion during the quarter, compared to the consensus estimate of $22.79 billion. FedEx had a return on equity of 16.63% and a net margin of 4.81%.The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.05 EPS. FedEx has set its FY 2026 guidance at 17.800-19.000 EPS. As a group, equities research analysts anticipate that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 6th. Shareholders of record on Monday, December 15th were given a $1.45 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $5.80 annualized dividend and a yield of 1.9%. FedEx’s dividend payout ratio (DPR) is 31.97%.

FedEx Profile

(Free Report)

FedEx Corporation (NYSE: FDX) is a global logistics and courier company headquartered in Memphis, Tennessee. Founded by Frederick W. Smith in 1971 and beginning operations in the early 1970s, the company pioneered overnight express shipping and has since expanded into a diversified portfolio of transportation, e-commerce and supply-chain services. FedEx operates an integrated air-and-ground network that moves parcels, freight and documents for businesses and consumers worldwide.

FedEx’s core operating segments include express parcel delivery via its FedEx Express division, domestic and residential parcel delivery through FedEx Ground, less-than-truckload (LTL) freight services, and logistics and supply-chain management solutions.

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