B. Riley Wealth Advisors Inc. Takes $1.11 Million Position in FedEx Corporation $FDX

B. Riley Wealth Advisors Inc. acquired a new position in shares of FedEx Corporation (NYSE:FDX) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,865 shares of the shipping service provider’s stock, valued at approximately $1,106,000.

Several other institutional investors have also added to or reduced their stakes in FDX. Valeo Financial Advisors LLC lifted its stake in FedEx by 28,080.9% in the 2nd quarter. Valeo Financial Advisors LLC now owns 3,743,557 shares of the shipping service provider’s stock valued at $850,948,000 after acquiring an additional 3,730,273 shares in the last quarter. Norges Bank acquired a new stake in shares of FedEx in the second quarter valued at approximately $605,497,000. AQR Capital Management LLC lifted its position in shares of FedEx by 750.9% in the second quarter. AQR Capital Management LLC now owns 1,015,627 shares of the shipping service provider’s stock worth $230,862,000 after purchasing an additional 896,271 shares in the last quarter. Dodge & Cox boosted its holdings in FedEx by 4.7% during the second quarter. Dodge & Cox now owns 14,482,494 shares of the shipping service provider’s stock worth $3,292,016,000 after purchasing an additional 649,426 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in FedEx by 228.9% in the second quarter. Arrowstreet Capital Limited Partnership now owns 795,495 shares of the shipping service provider’s stock valued at $180,824,000 after purchasing an additional 553,628 shares in the last quarter. 84.47% of the stock is owned by institutional investors.

FedEx Stock Performance

NYSE:FDX opened at $281.35 on Tuesday. The stock has a 50 day simple moving average of $258.40 and a 200 day simple moving average of $239.67. The stock has a market cap of $66.39 billion, a P/E ratio of 16.42, a PEG ratio of 1.47 and a beta of 1.32. FedEx Corporation has a 1-year low of $194.29 and a 1-year high of $295.24. The company has a current ratio of 1.25, a quick ratio of 1.21 and a debt-to-equity ratio of 0.73.

FedEx (NYSE:FDX) last posted its earnings results on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share for the quarter, topping analysts’ consensus estimates of $3.71 by $0.12. FedEx had a return on equity of 16.33% and a net margin of 4.65%.The company had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $21.74 billion. During the same quarter last year, the firm 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 anticipate that FedEx Corporation will post 19.14 earnings per share for the current year.

FedEx Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Monday, December 15th will be paid a dividend of $1.45 per share. This represents a $5.80 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Monday, December 15th. FedEx’s dividend payout ratio is presently 33.86%.

Analysts Set New Price Targets

A number of analysts recently issued reports on FDX shares. Susquehanna lifted their target price on FedEx from $300.00 to $345.00 and gave the company a “positive” rating in a research report on Thursday, December 4th. Raymond James Financial reaffirmed an “outperform” rating and set a $255.00 price target on shares of FedEx in a research report on Thursday, September 18th. Wells Fargo & Company increased their price objective on FedEx from $280.00 to $290.00 and gave the company an “equal weight” rating in a report on Monday, December 8th. Dbs Bank raised shares of FedEx from a “hold” rating to a “moderate buy” rating in a research note on Thursday, August 21st. Finally, JPMorgan Chase & Co. upped their price target on shares of FedEx from $274.00 to $285.00 and gave the stock a “neutral” rating in a research report on Thursday, December 4th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $284.29.

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.