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

Key Points

• Morningstar Investment Management LLC has invested approximately $361,000 in FedEx Corporation, acquiring 1,587 shares during the second quarter.
• FedEx recently reported a quarterly earnings per share (EPS) of $3.83, exceeding analysts' estimates and showing a 3.1% increase in revenue year-over-year.
• The company has a current consensus rating of "Moderate Buy" from analysts, with a target price averaging $271.83.

Morningstar Investment Management LLC purchased a new position in FedEx Corporation (NYSE:FDX - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,587 shares of the shipping service provider's stock, valued at approximately $361,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of FDX. Abound Financial LLC purchased a new position in shares of FedEx in the first quarter worth about $38,000. WPG Advisers LLC acquired a new stake in FedEx during the first quarter worth about $43,000. Cary Street Partners Investment Advisory LLC increased its position in FedEx by 60.7% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 188 shares of the shipping service provider's stock worth $46,000 after purchasing an additional 71 shares during the last quarter. Alpine Bank Wealth Management acquired a new stake in FedEx during the first quarter worth about $65,000. Finally, Motco increased its position in FedEx by 61.8% during the first quarter. Motco now owns 267 shares of the shipping service provider's stock worth $65,000 after purchasing an additional 102 shares during the last quarter. 84.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Stephens restated an "overweight" rating and set a $260.00 price objective on shares of FedEx in a research report on Tuesday. Wall Street Zen upgraded shares of FedEx from a "hold" rating to a "buy" rating in a research report on Sunday. Barclays restated an "overweight" rating and set a $320.00 price objective (down from $330.00) on shares of FedEx in a research report on Wednesday, June 25th. Susquehanna lifted their price target 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. Finally, BNP Paribas Exane upgraded shares of FedEx from an "underperform" rating to an "outperform" rating and set a $270.00 price target for the company in a research report on Thursday, July 3rd. One 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 issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $271.83.

FedEx Stock Up 2.2%

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

FedEx (NYSE:FDX - Get Free Report) last issued its quarterly earnings results on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share (EPS) for the quarter, topping 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 company had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $21.74 billion. During the same quarter in the previous year, the firm earned $3.60 earnings per share. The firm's quarterly revenue was up 3.1% on a year-over-year basis. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. As a group, research analysts forecast that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Monday, September 8th were given a dividend of $1.45 per share. This represents a $5.80 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Monday, September 8th. FedEx's payout ratio 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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