FedEx Corporation $FDX Stake Boosted by Pacific Heights Asset Management LLC

Key Points

• Pacific Heights Asset Management LLC increased its stake in FedEx by 8.3%, now owning 65,000 shares worth approximately $14.8 million as of its latest SEC filing.
• FedEx reported a $3.83 EPS for its recent quarter, exceeding analyst expectations and showing a revenue growth of 3.1% year-over-year.
• The company announced a quarterly dividend of $1.45, reflecting a 2.4% yield, with a payout ratio of 33.86%.

Pacific Heights Asset Management LLC increased its stake in FedEx Corporation (NYSE:FDX - Free Report) by 8.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,000 shares of the shipping service provider's stock after purchasing an additional 5,000 shares during the quarter. Pacific Heights Asset Management LLC's holdings in FedEx were worth $14,775,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of FDX. Valeo Financial Advisors LLC increased 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. Nuveen LLC purchased a new position in FedEx in the 1st quarter worth about $314,650,000. ACR Alpine Capital Research LLC increased its stake in FedEx by 85.9% in 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 in the last quarter. Vanguard Group Inc. increased 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. Finally, Canada Pension Plan Investment Board increased its stake in FedEx by 302.6% in 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 in the last quarter. Hedge funds and other institutional investors own 84.47% of the company's stock.

FedEx Trading Up 1.2%

Shares of NYSE FDX opened at $242.80 on Wednesday. The stock has a market cap of $57.29 billion, a price-to-earnings ratio of 14.17, a PEG ratio of 1.34 and a beta of 1.28. The business has a 50 day simple moving average of $232.46 and a 200 day simple moving average of $225.87. FedEx Corporation has a 52 week low of $194.29 and a 52 week high of $308.53. 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 announced its quarterly earnings results on Thursday, September 18th. The shipping service provider reported $3.83 EPS for the quarter, beating the consensus estimate of $3.71 by $0.12. The business had revenue of $22.20 billion during the quarter, compared to analysts' expectations of $21.74 billion. FedEx had a return on equity of 16.33% and a net margin of 4.65%.The firm's quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.60 EPS. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. On average, research analysts predict that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Wolfe Research lifted their target price on FedEx from $254.00 to $298.00 in a research note on Tuesday, October 7th. TD Cowen lifted their target price on FedEx from $269.00 to $271.00 and gave the company a "buy" rating in a research note on Friday, September 19th. Raymond James Financial reaffirmed an "outperform" rating and set a $255.00 target price on shares of FedEx in a research note on Thursday, September 18th. HSBC lifted their target price on FedEx from $230.00 to $235.00 in a research note on Friday, September 19th. Finally, Cowen reaffirmed a "buy" rating on shares of FedEx in a research note on Wednesday, June 25th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, FedEx currently has an average rating of "Moderate Buy" and an average price target of $271.83.

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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