FedEx Corporation $FDX Shares Purchased by Pacific Heights Asset Management LLC

Pacific Heights Asset Management LLC boosted its holdings in shares of FedEx Corporation (NYSE:FDX) by 30.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 85,000 shares of the shipping service provider’s stock after buying an additional 20,000 shares during the quarter. Pacific Heights Asset Management LLC’s holdings in FedEx were worth $20,044,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. William B. Walkup & Associates Inc. raised its stake in shares of FedEx by 9.8% in the third quarter. William B. Walkup & Associates Inc. now owns 5,060 shares of the shipping service provider’s stock valued at $1,193,000 after acquiring an additional 451 shares in the last quarter. Arkadios Wealth Advisors increased its holdings in FedEx by 13.5% during the 3rd quarter. Arkadios Wealth Advisors now owns 5,864 shares of the shipping service provider’s stock worth $1,383,000 after purchasing an additional 696 shares during the period. Turtle Creek Wealth Advisors LLC raised its position in FedEx by 24.6% in the 3rd quarter. Turtle Creek Wealth Advisors LLC now owns 2,624 shares of the shipping service provider’s stock valued at $619,000 after purchasing an additional 518 shares in the last quarter. Nordwand Advisors LLC boosted its stake in shares of FedEx by 0.8% in the 3rd quarter. Nordwand Advisors LLC now owns 10,623 shares of the shipping service provider’s stock valued at $2,505,000 after buying an additional 80 shares during the period. Finally, Verdence Capital Advisors LLC acquired a new position in shares of FedEx during the third quarter worth about $204,000. Institutional investors and hedge funds own 84.47% of the company’s stock.

FedEx Trading Down 1.6%

FDX opened at $308.11 on Tuesday. 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 Corporation has a 52 week low of $194.29 and a 52 week high of $318.83. The business’s 50 day moving average is $285.63 and its two-hundred day moving average is $252.64. The firm has a market cap of $72.44 billion, a price-to-earnings ratio of 16.99, a price-to-earnings-growth ratio of 1.55 and a beta of 1.35.

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

FedEx Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 6th. Investors of record on Monday, December 15th were issued a dividend of $1.45 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $5.80 dividend on an annualized basis and a dividend yield of 1.9%. FedEx’s dividend payout ratio (DPR) is currently 31.97%.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. BNP Paribas Exane downgraded shares of FedEx from an “outperform” rating to a “neutral” rating and set a $280.00 price objective on the stock. in a research report on Tuesday, January 13th. Deutsche Bank Aktiengesellschaft increased their target price on FedEx from $276.00 to $322.00 and gave the company a “buy” rating in a report on Wednesday, December 17th. Barclays lifted their price target on FedEx from $320.00 to $360.00 and gave the stock an “overweight” rating in a report on Tuesday, December 16th. HSBC raised their target price on FedEx from $235.00 to $285.00 and gave the stock a “hold” rating in a research report on Friday, December 19th. Finally, Wolfe Research reiterated an “outperform” rating on shares of FedEx in a research note on Thursday, January 8th. Sixteen research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $302.65.

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.