Commonwealth Financial Services LLC Acquires 85 Shares of FedEx Corporation $FDX

Commonwealth Financial Services LLC increased its holdings in FedEx Corporation (NYSE:FDX) by 8.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,090 shares of the shipping service provider’s stock after purchasing an additional 85 shares during the period. Commonwealth Financial Services LLC’s holdings in FedEx were worth $248,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of FDX. Abound Financial LLC bought a new stake in FedEx in the first quarter worth $38,000. WPG Advisers LLC bought a new position in FedEx during the first quarter valued at $43,000. Cary Street Partners Investment Advisory LLC boosted its stake in shares of FedEx by 60.7% during the first 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. Alpine Bank Wealth Management purchased a new stake in shares of FedEx during the first quarter valued at $65,000. Finally, Motco boosted its stake in shares of FedEx by 61.8% during the first quarter. Motco now owns 267 shares of the shipping service provider’s stock valued at $65,000 after purchasing an additional 102 shares during the period. Institutional investors own 84.47% of the company’s stock.

FedEx Stock Performance

Shares of FedEx stock opened at $225.14 on Friday. FedEx Corporation has a one year low of $194.29 and a one year high of $308.53. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.21 and a current ratio of 1.25. The company has a market capitalization of $53.12 billion, a PE ratio of 13.14, a P/E/G ratio of 1.25 and a beta of 1.28. The company has a 50-day simple moving average of $230.78 and a two-hundred day simple moving average of $225.76.

FedEx (NYSE:FDX) last posted its quarterly earnings data on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.71 by $0.12. FedEx had a net margin of 4.65% and a return on equity of 16.33%. The firm had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $21.74 billion. During the same quarter in the prior year, the company posted $3.60 earnings per share. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. Research analysts expect that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Monday, September 8th were issued a dividend of $1.45 per share. The ex-dividend date was Monday, September 8th. This represents a $5.80 annualized dividend and a dividend yield of 2.6%. FedEx’s dividend payout ratio is 33.86%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on FDX. Dbs Bank raised shares of FedEx from a “hold” rating to a “moderate buy” rating in a research note on Thursday, August 21st. Citigroup boosted their target price on shares of FedEx from $275.00 to $279.00 and gave the company a “buy” rating in a research note on Friday, September 19th. Evercore ISI lowered their target price on shares of FedEx from $243.00 to $239.00 in a research note on Friday, September 19th. TD Cowen upped their price objective on shares of FedEx from $269.00 to $271.00 and gave the stock a “buy” rating in a research note on Friday, September 19th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $275.00 price objective on shares of FedEx in a research note on Wednesday, June 25th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, FedEx presently has an average rating of “Moderate Buy” and a consensus target price of $271.25.

FedEx Company 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.