FedEx Corporation $FDX Position Increased by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lifted its holdings in FedEx Corporation (NYSE:FDX) by 12.7% during the third quarter, HoldingsChannel reports. The institutional investor owned 295,489 shares of the shipping service provider’s stock after purchasing an additional 33,368 shares during the period. FedEx comprises approximately 0.8% of Oppenheimer Asset Management Inc.’s portfolio, making the stock its 21st largest holding. Oppenheimer Asset Management Inc.’s holdings in FedEx were worth $69,679,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of FDX. BHK Investment Advisors LLC lifted its holdings in FedEx by 1.4% in the third quarter. BHK Investment Advisors LLC now owns 3,074 shares of the shipping service provider’s stock worth $725,000 after acquiring an additional 41 shares during the last quarter. Probity Advisors Inc. grew its holdings in shares of FedEx by 2.2% during the third quarter. Probity Advisors Inc. now owns 1,981 shares of the shipping service provider’s stock valued at $467,000 after purchasing an additional 43 shares during the last quarter. WealthPlan Investment Management LLC raised its position in shares of FedEx by 3.2% during the 2nd quarter. WealthPlan Investment Management LLC now owns 1,439 shares of the shipping service provider’s stock worth $327,000 after purchasing an additional 44 shares during the period. Joel Isaacson & Co. LLC lifted its holdings in shares of FedEx by 1.7% in the 3rd quarter. Joel Isaacson & Co. LLC now owns 2,617 shares of the shipping service provider’s stock worth $617,000 after purchasing an additional 44 shares during the last quarter. Finally, Triglav Investments D.O.O. boosted its position in FedEx by 0.8% during the 3rd quarter. Triglav Investments D.O.O. now owns 5,704 shares of the shipping service provider’s stock valued at $1,344,000 after purchasing an additional 44 shares during the period. 84.47% of the stock is owned by institutional investors and hedge funds.

FedEx Trading Up 1.4%

Shares of FDX stock opened at $369.20 on Monday. The stock has a 50-day simple moving average of $301.92 and a 200 day simple moving average of $261.86. The stock has a market capitalization of $86.81 billion, a P/E ratio of 20.35, a P/E/G ratio of 1.85 and a beta of 1.34. FedEx Corporation has a fifty-two week low of $194.29 and a fifty-two week high of $370.86. The company has a quick ratio of 1.23, a current ratio of 1.27 and a debt-to-equity ratio of 0.72.

FedEx (NYSE:FDX) last issued its quarterly earnings results on Thursday, December 18th. The shipping service provider reported $4.82 earnings per share for the quarter, beating analysts’ consensus estimates of $4.02 by $0.80. The company had revenue of $23.47 billion during the quarter, compared to the consensus estimate of $22.79 billion. FedEx had a net margin of 4.81% and a return on equity of 16.63%. FedEx’s revenue was up 6.8% on a year-over-year basis. During the same period in the prior year, the company earned $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 earnings per share for the current fiscal year.

FedEx Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 6th. Shareholders of record on Monday, December 15th were given a $1.45 dividend. The ex-dividend date was Monday, December 15th. This represents a $5.80 annualized dividend and a yield of 1.6%. FedEx’s payout ratio is 31.97%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on FDX shares. TD Cowen reaffirmed a “buy” rating on shares of FedEx in a research report on Friday, December 19th. Royal Bank Of Canada downgraded shares of FedEx to a “sector perform” rating in a research report on Wednesday, December 17th. Oppenheimer restated a “market perform” rating on shares of FedEx in a research report on Friday, December 19th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of FedEx in a report on Tuesday, January 20th. Finally, Citigroup increased their price objective on FedEx from $327.00 to $401.00 and gave the stock a “buy” rating in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, FedEx has an average rating of “Moderate Buy” and a consensus target price of $315.93.

About FedEx

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.