FedEx Corporation $FDX Shares Bought by AMI Investment Management Inc.

Key Points

• AMI Investment Management Inc. increased its stake in FedEx by 7.5%, now owning 17,601 shares worth approximately $4 million, making it the 29th largest position in their portfolio.
• FedEx recently reported quarterly earnings of $3.83 EPS, exceeding analyst expectations and reflecting a 3.1% increase in revenue compared to the same quarter last year.
• Institutional investors currently hold 84.47% of FedEx's stock, indicating strong confidence in the company's performance among large investment firms.

AMI Investment Management Inc. increased its stake in FedEx Corporation (NYSE:FDX - Free Report) by 7.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,601 shares of the shipping service provider's stock after purchasing an additional 1,226 shares during the period. FedEx accounts for about 1.0% of AMI Investment Management Inc.'s portfolio, making the stock its 29th largest position. AMI Investment Management Inc.'s holdings in FedEx were worth $4,001,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in FedEx by 1.4% in 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 in the last quarter. Valeo Financial Advisors LLC boosted its stake in FedEx by 28,080.9% in 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 purchasing an additional 3,730,273 shares in the last quarter. Invesco Ltd. boosted its stake in FedEx by 1.4% in the 1st quarter. Invesco Ltd. now owns 3,264,993 shares of the shipping service provider's stock worth $795,940,000 after purchasing an additional 43,989 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its position in FedEx by 7.1% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 2,030,687 shares of the shipping service provider's stock worth $495,041,000 after buying an additional 135,290 shares during the last quarter. Finally, ACR Alpine Capital Research LLC raised 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 buying an additional 732,266 shares during the last quarter. 84.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on FDX. HSBC raised their price target on shares of FedEx from $230.00 to $235.00 in a research report on Friday, September 19th. Bank of America raised their price target on shares of FedEx from $240.00 to $244.00 and gave the stock a "neutral" rating in a research report on Friday, September 19th. TD Cowen raised their price target on shares of FedEx from $269.00 to $271.00 and gave the stock a "buy" rating in a research report on Friday, September 19th. Sanford C. Bernstein raised their price target on shares of FedEx from $247.00 to $250.00 and gave the stock a "market perform" rating in a research report on Monday, September 22nd. Finally, Evercore ISI reduced their price target on shares of FedEx from $243.00 to $239.00 in a research report on Friday, September 19th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $271.25.

FedEx Price Performance

FedEx stock opened at $239.95 on Thursday. The company's fifty day moving average price is $230.34 and its 200 day moving average price is $226.04. FedEx Corporation has a 1 year low of $194.29 and a 1 year high of $308.53. The stock has a market capitalization of $56.62 billion, a P/E ratio of 14.01, a P/E/G ratio of 1.35 and a beta of 1.28. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.21 and a current ratio of 1.25.

FedEx (NYSE:FDX - Get Free Report) last released 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. FedEx had a net margin of 4.65% and a return on equity of 16.33%. The firm had revenue of $22.20 billion for the quarter, compared to analysts' expectations of $21.74 billion. During the same quarter last year, the company earned $3.60 EPS. The firm's revenue for the quarter was up 3.1% compared to the same quarter last year. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. As a group, equities research analysts anticipate that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Monday, September 8th were paid a $1.45 dividend. The ex-dividend date of this dividend was Monday, September 8th. This represents a $5.80 dividend on an annualized basis and a yield of 2.4%. 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.

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