Perigon Wealth Management LLC Grows Holdings in FedEx Corporation $FDX

Perigon Wealth Management LLC boosted its position in FedEx Corporation (NYSE:FDX) by 64.6% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 5,858 shares of the shipping service provider’s stock after purchasing an additional 2,300 shares during the period. Perigon Wealth Management LLC’s holdings in FedEx were worth $1,381,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Apella Capital LLC grew its holdings in shares of FedEx by 2.7% in the third quarter. Apella Capital LLC now owns 4,882 shares of the shipping service provider’s stock valued at $1,157,000 after acquiring an additional 128 shares in the last quarter. Apollon Wealth Management LLC boosted its position in FedEx by 16.3% in the third quarter. Apollon Wealth Management LLC now owns 3,219 shares of the shipping service provider’s stock worth $759,000 after purchasing an additional 450 shares during the last quarter. Regent Peak Wealth Advisors LLC bought a new position in FedEx in the 3rd quarter valued at $228,000. Blue Trust Inc. increased its position in shares of FedEx by 21.7% during the 3rd quarter. Blue Trust Inc. now owns 981 shares of the shipping service provider’s stock valued at $231,000 after purchasing an additional 175 shares during the last quarter. Finally, Avanza Fonder AB raised its stake in shares of FedEx by 1.5% during the 3rd quarter. Avanza Fonder AB now owns 22,294 shares of the shipping service provider’s stock worth $5,257,000 after purchasing an additional 322 shares during the period. Institutional investors own 84.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on FDX. Jefferies Financial Group increased their price target on shares of FedEx from $315.00 to $326.00 and gave the company a “buy” rating in a research report on Friday, December 19th. HSBC increased their target price on shares of FedEx from $235.00 to $285.00 and gave the company a “hold” rating in a research report on Friday, December 19th. Daiwa Capital Markets raised their price target on shares of FedEx from $232.00 to $240.00 and gave the stock a “neutral” rating in a research note on Monday, September 22nd. Sanford C. Bernstein upped their price objective on FedEx from $247.00 to $250.00 and gave the company a “market perform” rating in a research note on Monday, September 22nd. Finally, Oppenheimer reissued a “market perform” rating on shares of FedEx in a research report on Friday, December 19th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $298.92.

FedEx Stock Down 0.7%

FDX opened at $290.98 on Wednesday. FedEx Corporation has a 12 month low of $194.29 and a 12 month high of $297.00. The company has a market cap of $68.42 billion, a PE ratio of 16.04, a price-to-earnings-growth ratio of 1.46 and a beta of 1.32. The company has a current ratio of 1.27, a quick ratio of 1.23 and a debt-to-equity ratio of 0.72. The company has a 50 day moving average of $270.36 and a 200 day moving average of $245.07.

FedEx (NYSE:FDX) last issued its earnings results on Thursday, December 18th. The shipping service provider reported $4.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.02 by $0.80. The business had revenue of $23.47 billion for the quarter, compared to analysts’ expectations of $22.79 billion. FedEx had a net margin of 4.81% and a return on equity of 16.63%. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.05 EPS. FedEx has set its FY 2026 guidance at 17.800-19.000 EPS. On average, sell-side analysts expect that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Monday, December 15th will be issued a dividend of $1.45 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $5.80 dividend on an annualized basis and a yield of 2.0%. FedEx’s dividend payout ratio is 31.97%.

FedEx Company Profile

FedEx Corporation (NYSE: FDX) is a global logistics and courier company headquartered in Memphis, Tennessee. Founded by Frederick W. Smith in 1971 and beginning operations in the early 1970s, the company pioneered overnight express shipping and has since expanded into a diversified portfolio of transportation, e-commerce and supply-chain services. FedEx operates an integrated air-and-ground network that moves parcels, freight and documents for businesses and consumers worldwide.

FedEx’s core operating segments include express parcel delivery via its FedEx Express division, domestic and residential parcel delivery through FedEx Ground, less-than-truckload (LTL) freight services, and logistics and supply-chain management solutions.