Morningstar Investment Management LLC Invests $361,000 in FedEx Corporation $FDX

Morningstar Investment Management LLC acquired a new position in shares of FedEx Corporation (NYSE:FDX) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 1,587 shares of the shipping service provider’s stock, valued at approximately $361,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Aaron Wealth Advisors LLC raised its holdings in shares of FedEx by 2.6% in the first quarter. Aaron Wealth Advisors LLC now owns 1,875 shares of the shipping service provider’s stock valued at $457,000 after buying an additional 48 shares during the last quarter. SouthState Corp raised its holdings in shares of FedEx by 3.5% in the first quarter. SouthState Corp now owns 1,431 shares of the shipping service provider’s stock valued at $349,000 after buying an additional 48 shares during the last quarter. Evanson Asset Management LLC raised its holdings in shares of FedEx by 6.0% in the first quarter. Evanson Asset Management LLC now owns 879 shares of the shipping service provider’s stock valued at $214,000 after buying an additional 50 shares during the last quarter. Hendershot Investments Inc. raised its holdings in shares of FedEx by 4.3% in the first quarter. Hendershot Investments Inc. now owns 1,207 shares of the shipping service provider’s stock valued at $294,000 after buying an additional 50 shares during the last quarter. Finally, Loudon Investment Management LLC raised its holdings in shares of FedEx by 5.0% in the second quarter. Loudon Investment Management LLC now owns 1,050 shares of the shipping service provider’s stock valued at $239,000 after buying an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 84.47% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on FDX. BNP Paribas Exane raised shares of FedEx from an “underperform” rating to an “outperform” rating and set a $270.00 target price for the company in a report on Thursday, July 3rd. Dbs Bank raised shares of FedEx from a “hold” rating to a “moderate buy” rating in a research note on Thursday, August 21st. BMO Capital Markets dropped their price objective on shares of FedEx from $260.00 to $255.00 and set a “market perform” rating on the stock in a research note on Friday, September 19th. Stephens reissued an “overweight” rating and issued a $260.00 price objective on shares of FedEx in a research note on Tuesday. Finally, Truist Financial set a $285.00 price objective on shares of FedEx in a research note on Tuesday. One investment 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, FedEx presently has a consensus rating of “Moderate Buy” and a consensus price target of $271.83.

FedEx Stock Performance

Shares of FDX opened at $234.64 on Wednesday. The company has a 50-day simple moving average of $231.26 and a 200-day simple moving average of $225.61. 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 market capitalization of $55.36 billion, a PE ratio of 13.70, a P/E/G ratio of 1.28 and a beta of 1.28. FedEx Corporation has a 52-week low of $194.29 and a 52-week high of $308.53.

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

FedEx Announces Dividend

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 $1.45 dividend. This represents a $5.80 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Monday, September 8th. FedEx’s dividend payout ratio is presently 33.86%.

FedEx 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.