FedEx Corporation $FDX Shares Bought by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lifted its stake in shares of FedEx Corporation (NYSE:FDX) by 24.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 262,121 shares of the shipping service provider’s stock after acquiring an additional 51,294 shares during the quarter. FedEx comprises about 0.7% of Oppenheimer Asset Management Inc.’s investment portfolio, making the stock its 25th biggest holding. Oppenheimer Asset Management Inc. owned 0.11% of FedEx worth $59,583,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in FDX. Abound Financial LLC acquired a new position in FedEx in the 1st quarter worth approximately $38,000. WPG Advisers LLC acquired a new stake in shares of FedEx during the 1st quarter valued at $43,000. Cary Street Partners Investment Advisory LLC lifted its stake in shares of FedEx by 60.7% in the 1st 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 last quarter. Motco lifted its stake in shares of FedEx by 61.8% in the 1st 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 last quarter. Finally, Rise Advisors LLC raised its holdings in FedEx by 21.0% in the 1st quarter. Rise Advisors LLC now owns 340 shares of the shipping service provider’s stock worth $83,000 after acquiring an additional 59 shares during the period. 84.47% of the stock is currently owned by institutional investors.

FedEx Price Performance

Shares of FedEx stock opened at $241.24 on Friday. FedEx Corporation has a twelve month low of $194.29 and a twelve month high of $308.53. The company has a quick ratio of 1.21, a current ratio of 1.25 and a debt-to-equity ratio of 0.73. The company has a 50-day simple moving average of $233.05 and a two-hundred day simple moving average of $226.69. The stock has a market capitalization of $56.92 billion, a price-to-earnings ratio of 14.08, a price-to-earnings-growth ratio of 1.34 and a beta of 1.28.

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 analysts’ expectations of $21.74 billion. FedEx had a net margin of 4.65% and a return on equity of 16.33%. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the previous year, the company earned $3.60 EPS. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. Analysts forecast that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Monday, September 8th were paid a $1.45 dividend. This represents a $5.80 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Monday, September 8th. FedEx’s dividend payout ratio is currently 33.86%.

Analyst Ratings Changes

Several analysts have recently weighed in on FDX shares. UBS Group lifted their target price on shares of FedEx from $293.00 to $314.00 and gave the company a “buy” rating in a research report on Friday, September 19th. Dbs Bank upgraded shares of FedEx from a “hold” rating to a “moderate buy” rating in a research report on Thursday, August 21st. Truist Financial set a $285.00 target price on shares of FedEx in a research report on Tuesday, October 14th. Citigroup boosted their price target on shares of FedEx from $275.00 to $279.00 and gave the stock a “buy” rating in a research note on Friday, September 19th. Finally, Susquehanna boosted their price target on shares of FedEx from $285.00 to $300.00 and gave the stock a “positive” rating in a research note on Friday, September 19th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $271.83.

About FedEx

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.