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

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

Other large investors have also recently bought and sold shares of the company. NewSquare Capital LLC raised its stake in shares of FedEx by 121.8% during the second quarter. NewSquare Capital LLC now owns 122 shares of the shipping service provider’s stock valued at $28,000 after acquiring an additional 67 shares during the last quarter. Twin Peaks Wealth Advisors LLC bought a new position in FedEx during the 2nd quarter worth $28,000. WPG Advisers LLC bought a new position in FedEx during the 1st quarter worth $43,000. Rise Advisors LLC lifted its holdings in FedEx by 21.0% during the 1st quarter. Rise Advisors LLC now owns 340 shares of the shipping service provider’s stock worth $83,000 after buying an additional 59 shares during the period. Finally, OFI Invest Asset Management grew its position in shares of FedEx by 67.2% in the 2nd quarter. OFI Invest Asset Management now owns 423 shares of the shipping service provider’s stock valued at $96,000 after buying an additional 170 shares during the last quarter. 84.47% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on FDX. JPMorgan Chase & Co. increased their price objective 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. Stephens restated an “overweight” rating and set a $260.00 price target on shares of FedEx in a report on Tuesday, October 14th. Sanford C. Bernstein raised their price objective on shares of FedEx from $247.00 to $250.00 and gave the stock a “market perform” rating in a research report on Monday, September 22nd. Truist Financial set a $285.00 target price on shares of FedEx in a research report on Tuesday, October 14th. Finally, Stifel Nicolaus raised their price target on shares of FedEx from $296.00 to $297.00 and gave the stock a “buy” rating in a report on Thursday, November 20th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, FedEx has a consensus rating of “Moderate Buy” and an average target price of $284.29.

FedEx Stock Performance

Shares of FDX opened at $281.35 on Tuesday. The stock has a 50 day moving average of $258.40 and a 200 day moving average of $239.67. The company has a market capitalization of $66.39 billion, a price-to-earnings ratio of 16.42, a PEG ratio of 1.47 and a beta of 1.32. FedEx Corporation has a 12 month low of $194.29 and a 12 month 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 announced its quarterly earnings data on Thursday, September 18th. The shipping service provider reported $3.83 EPS for the quarter, topping the consensus estimate of $3.71 by $0.12. The business had revenue of $22.20 billion for the quarter, compared to analyst estimates of $21.74 billion. FedEx had a net margin of 4.65% and a return on equity of 16.33%. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.60 earnings per share. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. As a group, sell-side analysts forecast that FedEx Corporation will post 19.14 earnings per share for the current year.

FedEx Announces Dividend

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

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.