Oppenheimer Asset Management Inc. Raises Holdings in FedEx Corporation $FDX

Oppenheimer Asset Management Inc. raised its position in shares of FedEx Corporation (NYSE:FDX) by 12.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 295,489 shares of the shipping service provider’s stock after acquiring an additional 33,368 shares during the period. FedEx makes up 0.8% of Oppenheimer Asset Management Inc.’s portfolio, making the stock its 21st biggest position. Oppenheimer Asset Management Inc. owned about 0.13% of FedEx worth $69,679,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Grey Fox Wealth Advisors LLC purchased a new position in FedEx in the third quarter valued at approximately $27,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of FedEx in the second quarter worth $28,000. NewSquare Capital LLC raised its stake in shares of FedEx by 121.8% in the 2nd 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 period. Physician Wealth Advisors Inc. lifted its holdings in shares of FedEx by 27.5% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 218 shares of the shipping service provider’s stock valued at $51,000 after acquiring an additional 47 shares in the last quarter. Finally, City Holding Co. boosted its position in FedEx by 167.0% during the 3rd quarter. City Holding Co. now owns 267 shares of the shipping service provider’s stock worth $63,000 after purchasing an additional 167 shares during the period. 84.47% of the stock is currently owned by hedge funds and other institutional investors.

FedEx Stock Up 1.4%

Shares of NYSE:FDX opened at $369.20 on Monday. 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 fifty day simple moving average of $301.92 and a 200 day simple moving average of $261.86. The firm has a market cap of $86.81 billion, a PE ratio of 20.35, a price-to-earnings-growth ratio of 1.85 and a beta of 1.34. FedEx Corporation has a 12-month low of $194.29 and a 12-month high of $370.86.

FedEx (NYSE:FDX) last announced its quarterly earnings data on Thursday, December 18th. The shipping service provider reported $4.82 earnings per share for the quarter, topping the consensus estimate of $4.02 by $0.80. The company had revenue of $23.47 billion during the quarter, compared to analyst estimates of $22.79 billion. FedEx had a net margin of 4.81% and a return on equity of 16.63%. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period last year, the business earned $4.05 EPS. FedEx has set its FY 2026 guidance at 17.800-19.000 EPS. On average, equities research analysts anticipate that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Announces Dividend

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

Analysts Set New Price Targets

Several research analysts have commented on the company. Susquehanna cut their price objective on FedEx from $345.00 to $340.00 in a research report on Tuesday, December 23rd. Sanford C. Bernstein upgraded FedEx from a “market perform” rating to an “outperform” rating and set a $427.00 target price on the stock in a report on Tuesday, February 3rd. BNP Paribas Exane set a $280.00 price target on FedEx and gave the stock a “neutral” rating in a report on Tuesday, January 13th. Bank of America raised shares of FedEx from a “neutral” rating to a “buy” rating and set a $365.00 price objective for the company in a research report on Friday, January 9th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of FedEx in a research report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, FedEx currently has an average rating of “Moderate Buy” and an average price target 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.