Koshinski Asset Management Inc. Purchases 92 Shares of FedEx Corporation $FDX

Koshinski Asset Management Inc. raised its position in FedEx Corporation (NYSE:FDX) by 5.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,758 shares of the shipping service provider’s stock after buying an additional 92 shares during the quarter. Koshinski Asset Management Inc.’s holdings in FedEx were worth $400,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Golden State Wealth Management LLC grew its holdings in shares of FedEx by 21.1% during the 1st quarter. Golden State Wealth Management LLC now owns 362 shares of the shipping service provider’s stock valued at $88,000 after purchasing an additional 63 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in FedEx during the 2nd quarter worth approximately $586,000. Sage Capital Advisors llc lifted its position in shares of FedEx by 136.5% in the 2nd quarter. Sage Capital Advisors llc now owns 34,697 shares of the shipping service provider’s stock worth $7,887,000 after purchasing an additional 20,024 shares during the period. Value Partners Investments Inc. boosted its stake in shares of FedEx by 26.4% in the 2nd quarter. Value Partners Investments Inc. now owns 181,454 shares of the shipping service provider’s stock valued at $41,247,000 after purchasing an additional 37,950 shares during the last quarter. Finally, Xcel Wealth Management LLC bought a new position in FedEx during the second quarter worth $1,200,000. 84.47% of the stock is owned by institutional investors.

FedEx Stock Performance

Shares of FDX opened at $239.97 on Tuesday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.25 and a quick ratio of 1.21. The stock has a 50-day moving average of $232.20 and a 200-day moving average of $225.75. The company has a market cap of $56.62 billion, a PE ratio of 14.01, a P/E/G ratio of 1.33 and a beta of 1.28. FedEx Corporation has a one year low of $194.29 and a one year high of $308.53.

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

FedEx Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders 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 yield of 2.4%. FedEx’s dividend payout ratio is presently 33.86%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Citigroup boosted their target price on shares of FedEx from $275.00 to $279.00 and gave the company a “buy” rating in a report on Friday, September 19th. Bank of America boosted their target price on shares of FedEx from $240.00 to $244.00 and gave the company a “neutral” rating in a report on Friday, September 19th. Truist Financial set a $285.00 target price on shares of FedEx in a report on Tuesday, October 14th. Sanford C. Bernstein boosted their target price on shares of FedEx from $247.00 to $250.00 and gave the company a “market perform” rating in a report on Monday, September 22nd. Finally, Wells Fargo & Company boosted their target price on shares of FedEx from $235.00 to $250.00 and gave the company an “equal weight” rating in a report on Friday, September 19th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $271.83.

FedEx 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.