Modern Wealth Management LLC Has $463,000 Position in FedEx Corporation $FDX

Modern Wealth Management LLC increased its holdings in shares of FedEx Corporation (NYSE:FDX) by 7.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,898 shares of the shipping service provider’s stock after acquiring an additional 135 shares during the quarter. Modern Wealth Management LLC’s holdings in FedEx were worth $463,000 as of its most recent SEC filing.

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

Insiders Place Their Bets

In other FedEx news, Director Paul S. Walsh sold 3,610 shares of the business’s stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $238.29, for a total value of $860,226.90. Following the sale, 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director R Brad Martin sold 2,123 shares of the business’s stock in a transaction on Monday, July 7th. The shares were sold at an average price of $241.75, for a total value of $513,235.25. Following the completion of the sale, the director owned 8,935 shares in the company, valued at approximately $2,160,036.25. The trade was a 19.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,343 shares of company stock valued at $2,228,816. Insiders own 0.53% of the company’s stock.

FedEx Trading Up 0.4%

Shares of FedEx stock opened at $229.67 on Monday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.15 and a current ratio of 1.19. FedEx Corporation has a 52 week low of $194.29 and a 52 week high of $308.53. The stock has a 50 day moving average price of $229.77 and a two-hundred day moving average price of $227.21. The stock has a market capitalization of $54.19 billion, a PE ratio of 13.61, a price-to-earnings-growth ratio of 1.29 and a beta of 1.20.

FedEx (NYSE:FDX) last posted its earnings results on Tuesday, June 24th. The shipping service provider reported $6.07 earnings per share for the quarter, beating analysts’ consensus estimates of $5.98 by $0.09. FedEx had a return on equity of 16.34% and a net margin of 4.65%.The company had revenue of $22.20 billion for the quarter, compared to analyst estimates of $21.86 billion. During the same quarter last year, the company earned $5.41 earnings per share. FedEx has set its Q1 2026 guidance at 3.400-4.000 EPS. As a group, equities analysts anticipate that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 8th will be given a $1.45 dividend. The ex-dividend date of this dividend is Monday, September 8th. This represents a $5.80 annualized dividend and a yield of 2.5%. FedEx’s payout ratio is currently 34.36%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on FDX shares. Susquehanna boosted their price target on FedEx from $290.00 to $295.00 and gave the company a “positive” rating in a research note on Wednesday, June 25th. Stifel Nicolaus set a $315.00 price target on FedEx in a research note on Wednesday, June 25th. Sanford C. Bernstein cut their target price on FedEx from $282.00 to $249.00 and set a “market perform” rating for the company in a research report on Friday, June 13th. Bank of America reiterated a “neutral” rating and set a $240.00 target price (down from $245.00) on shares of FedEx in a research report on Thursday. Finally, Barclays restated an “overweight” rating and set a $320.00 price objective (down from $330.00) on shares of FedEx in a research report on Wednesday, June 25th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $282.54.

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.