Focus Financial Network Inc. Acquires 142 Shares of FedEx Corporation $FDX

Focus Financial Network Inc. boosted its position in shares of FedEx Corporation (NYSE:FDX) by 6.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,224 shares of the shipping service provider’s stock after acquiring an additional 142 shares during the quarter. Focus Financial Network Inc.’s holdings in FedEx were worth $505,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Brighton Jones LLC grew its stake in FedEx by 12.8% during the fourth quarter. Brighton Jones LLC now owns 1,825 shares of the shipping service provider’s stock worth $514,000 after buying an additional 207 shares in the last quarter. Man Group plc raised its holdings in FedEx by 274.3% during the 4th quarter. Man Group plc now owns 7,253 shares of the shipping service provider’s stock worth $2,040,000 after purchasing an additional 5,315 shares during the last quarter. Two Sigma Investments LP increased its stake in shares of FedEx by 98.1% in the 4th quarter. Two Sigma Investments LP now owns 10,700 shares of the shipping service provider’s stock valued at $3,010,000 after acquiring an additional 5,300 shares in the last quarter. Vise Technologies Inc. increased its stake in shares of FedEx by 17.7% in the 4th quarter. Vise Technologies Inc. now owns 5,840 shares of the shipping service provider’s stock valued at $1,643,000 after acquiring an additional 879 shares in the last quarter. Finally, Parr Mcknight Wealth Management Group LLC acquired a new stake in FedEx in the 4th quarter valued at $496,000. 84.47% of the stock is owned by institutional investors.

Insider Transactions at FedEx

In related news, Director R Brad Martin sold 2,123 shares of the firm’s stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $241.75, for a total transaction of $513,235.25. Following the sale, the director owned 8,935 shares of the company’s stock, valued at $2,160,036.25. This trade represents a 19.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Marvin R. Ellison sold 3,610 shares of the firm’s stock in a transaction dated Wednesday, July 9th. The stock was 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 approximately $1,829,176.80. This represents a 31.86% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,343 shares of company stock valued at $2,228,816 in the last ninety days. Corporate insiders own 0.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on FDX shares. Evercore ISI reissued an “in-line” rating and issued a $243.00 price target (down previously from $249.00) on shares of FedEx in a research report on Wednesday. Bank of America boosted their price objective on FedEx from $240.00 to $244.00 and gave the company a “neutral” rating in a research note on Friday. Sanford C. Bernstein lowered their price objective on FedEx from $249.00 to $247.00 and set a “market perform” rating on the stock in a research note on Tuesday. Susquehanna boosted their price objective on FedEx from $285.00 to $300.00 and gave the company a “positive” rating in a research note on Friday. Finally, Stifel Nicolaus decreased their price target on FedEx from $308.00 to $296.00 and set a “buy” rating on the stock in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $275.85.

FedEx Price Performance

FDX opened at $232.10 on Friday. FedEx Corporation has a 12-month low of $194.29 and a 12-month high of $308.53. The company has a current ratio of 1.19, a quick ratio of 1.15 and a debt-to-equity ratio of 0.68. The stock has a fifty day simple moving average of $228.84 and a two-hundred day simple moving average of $226.45. The company has a market cap of $54.76 billion, a price-to-earnings ratio of 13.55, a price-to-earnings-growth ratio of 1.31 and a beta of 1.20.

FedEx (NYSE:FDX) last issued its quarterly earnings results on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share for the quarter, beating the consensus estimate of $3.71 by $0.12. FedEx had a return on equity of 16.43% and a net margin of 4.65%.The firm had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $21.74 billion. During the same period last year, the company earned $3.60 earnings per share. The company’s revenue was up 3.1% on a year-over-year basis. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. Research analysts predict that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Announces Dividend

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

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.