FedEx Corporation $FDX Shares Acquired by Allied Investment Advisors LLC

Allied Investment Advisors LLC lifted its position in shares of FedEx Corporation (NYSE:FDX) by 6.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 46,222 shares of the shipping service provider’s stock after buying an additional 2,777 shares during the period. FedEx makes up about 1.8% of Allied Investment Advisors LLC’s holdings, making the stock its 27th biggest holding. Allied Investment Advisors LLC’s holdings in FedEx were worth $10,507,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in FDX. Valeo Financial Advisors LLC increased its holdings in shares of FedEx by 28,080.9% during the 2nd quarter. Valeo Financial Advisors LLC now owns 3,743,557 shares of the shipping service provider’s stock worth $850,948,000 after buying an additional 3,730,273 shares during the last quarter. Nuveen LLC purchased a new stake in FedEx during the 1st quarter worth $314,650,000. ACR Alpine Capital Research LLC boosted its position in FedEx by 85.9% during the 1st quarter. ACR Alpine Capital Research LLC now owns 1,585,033 shares of the shipping service provider’s stock worth $386,399,000 after purchasing an additional 732,266 shares during the period. Vanguard Group Inc. boosted its position in FedEx by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 20,489,161 shares of the shipping service provider’s stock worth $4,994,848,000 after purchasing an additional 289,655 shares during the period. Finally, Canada Pension Plan Investment Board boosted its position in FedEx by 302.6% during the 1st quarter. Canada Pension Plan Investment Board now owns 352,296 shares of the shipping service provider’s stock worth $85,883,000 after purchasing an additional 264,792 shares during the period. 84.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on FDX. BMO Capital Markets decreased their price target on shares of FedEx from $260.00 to $255.00 and set a “market perform” rating for the company in a research report on Friday, September 19th. Susquehanna upped their price objective on shares of FedEx from $285.00 to $300.00 and gave the company a “positive” rating in a research report on Friday, September 19th. The Goldman Sachs Group decreased their price objective on shares of FedEx from $290.00 to $276.00 and set a “buy” rating for the company in a research report on Friday, September 12th. HSBC upped their price objective on shares of FedEx from $230.00 to $235.00 in a research report on Friday, September 19th. Finally, Dbs Bank raised shares of FedEx from a “hold” rating to a “moderate buy” rating in a research report on Thursday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, FedEx presently has a consensus rating of “Moderate Buy” and a consensus target price of $271.83.

FedEx Price Performance

FDX opened at $241.24 on Friday. The firm has a market cap of $56.92 billion, a price-to-earnings ratio of 14.08, a price-to-earnings-growth ratio of 1.33 and a beta of 1.28. FedEx Corporation has a fifty-two week low of $194.29 and a fifty-two week high of $308.53. The company’s 50-day moving average price is $233.05 and its 200 day moving average price is $226.49. 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 (NYSE:FDX) last released its quarterly earnings data on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share for the quarter, topping the consensus estimate of $3.71 by $0.12. The firm 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%. FedEx’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.60 earnings per share. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. As a group, sell-side analysts expect that FedEx Corporation will post 19.14 earnings per share for the current year.

FedEx Dividend Announcement

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

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.