1,249 Shares in FedEx Corporation $FDX Acquired by Jackson Thornton Wealth Management LLC

Jackson Thornton Wealth Management LLC purchased a new position in shares of FedEx Corporation (NYSE:FDX) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,249 shares of the shipping service provider’s stock, valued at approximately $298,000.

Other large investors have also added to or reduced their stakes in the company. WealthPlan Investment Management LLC boosted its holdings in shares of FedEx by 3.2% in the 2nd quarter. WealthPlan Investment Management LLC now owns 1,439 shares of the shipping service provider’s stock valued at $327,000 after purchasing an additional 44 shares in the last quarter. Aaron Wealth Advisors LLC boosted its holdings in shares of FedEx by 2.6% in the 1st quarter. Aaron Wealth Advisors LLC now owns 1,875 shares of the shipping service provider’s stock valued at $457,000 after purchasing an additional 48 shares in the last quarter. SouthState Corp boosted its holdings in shares of FedEx by 3.5% in the 1st quarter. SouthState Corp now owns 1,431 shares of the shipping service provider’s stock valued at $349,000 after purchasing an additional 48 shares in the last quarter. Hendershot Investments Inc. boosted its holdings in shares of FedEx by 4.3% in the 1st quarter. Hendershot Investments Inc. now owns 1,207 shares of the shipping service provider’s stock valued at $294,000 after purchasing an additional 50 shares in the last quarter. Finally, Loudon Investment Management LLC boosted its holdings in shares of FedEx by 5.0% in the 2nd quarter. Loudon Investment Management LLC now owns 1,050 shares of the shipping service provider’s stock valued at $239,000 after purchasing an additional 50 shares in the last quarter. Institutional investors and hedge funds own 84.47% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on FDX shares. Sanford C. Bernstein raised their target price on FedEx from $247.00 to $250.00 and gave the company a “market perform” rating in a report on Monday, September 22nd. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $274.00 target price (down previously from $284.00) on shares of FedEx in a report on Wednesday, October 8th. Raymond James Financial reaffirmed an “outperform” rating and issued a $255.00 target price on shares of FedEx in a report on Thursday, September 18th. Evercore ISI dropped their price target on FedEx from $243.00 to $239.00 in a research note on Friday, September 19th. Finally, Dbs Bank upgraded FedEx from a “hold” rating to a “moderate buy” rating in a research note on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $271.83.

FedEx Stock Up 0.9%

Shares of NYSE:FDX opened at $239.97 on Tuesday. The firm has a market cap of $56.62 billion, a P/E ratio of 14.01, a P/E/G ratio of 1.33 and a beta of 1.28. The company has a quick ratio of 1.21, a current ratio of 1.25 and a debt-to-equity ratio of 0.73. FedEx Corporation has a 12-month low of $194.29 and a 12-month high of $308.53. The business has a fifty day simple moving average of $232.20 and a 200 day simple moving average of $225.75.

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

FedEx Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Monday, September 8th were given a dividend of $1.45 per share. This represents a $5.80 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Monday, September 8th. FedEx’s dividend payout ratio (DPR) 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.