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

AMI Investment Management Inc. grew its holdings in shares of FedEx Corporation (NYSE:FDX) by 7.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,601 shares of the shipping service provider’s stock after purchasing an additional 1,226 shares during the quarter. FedEx makes up about 1.0% of AMI Investment Management Inc.’s portfolio, making the stock its 29th biggest holding. AMI Investment Management Inc.’s holdings in FedEx were worth $4,001,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC boosted its stake in FedEx by 21.1% during the 1st quarter. Golden State Wealth Management LLC now owns 362 shares of the shipping service provider’s stock worth $88,000 after purchasing an additional 63 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in FedEx during the 2nd quarter worth $586,000. Sage Capital Advisors llc boosted its stake in FedEx by 136.5% during the 2nd quarter. Sage Capital Advisors llc now owns 34,697 shares of the shipping service provider’s stock worth $7,887,000 after purchasing an additional 20,024 shares during the last quarter. Value Partners Investments Inc. boosted its stake in FedEx by 26.4% during the 2nd quarter. Value Partners Investments Inc. now owns 181,454 shares of the shipping service provider’s stock worth $41,247,000 after purchasing an additional 37,950 shares during the last quarter. Finally, Xcel Wealth Management LLC acquired a new position in shares of FedEx during the 2nd quarter valued at about $1,200,000. Institutional investors and hedge funds own 84.47% of the company’s stock.

FedEx Stock Down 1.0%

Shares of FDX opened at $239.95 on Thursday. The company has a current ratio of 1.25, a quick ratio of 1.21 and a debt-to-equity ratio of 0.73. The firm has a market cap of $56.62 billion, a P/E ratio of 14.01, a price-to-earnings-growth ratio of 1.35 and a beta of 1.28. The company’s 50-day moving average price is $230.34 and its 200 day moving average price is $226.04. FedEx Corporation has a 12-month low of $194.29 and a 12-month high of $308.53.

FedEx (NYSE:FDX) 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. The company had revenue of $22.20 billion for the quarter, compared to analyst estimates of $21.74 billion. FedEx had a net margin of 4.65% and a return on equity of 16.33%. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.60 earnings per share. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. On average, sell-side analysts forecast that FedEx Corporation will post 19.14 earnings per share for the current year.

FedEx Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Monday, September 8th were paid a dividend of $1.45 per share. The ex-dividend date 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 is 33.86%.

Analyst Upgrades and Downgrades

FDX has been the topic of several recent research reports. BNP Paribas Exane raised shares of FedEx from an “underperform” rating to an “outperform” rating and set a $270.00 price target on the stock in a research report on Thursday, July 3rd. Wolfe Research boosted their price target on shares of FedEx from $244.00 to $254.00 and gave the company an “outperform” rating in a research report on Friday, September 19th. Wells Fargo & Company boosted their price target on shares of FedEx from $235.00 to $250.00 and gave the company an “equal weight” rating in a research report on Friday, September 19th. Jefferies Financial Group boosted their price target on shares of FedEx from $275.00 to $280.00 and gave the company a “buy” rating in a research report on Friday, September 19th. Finally, UBS Group boosted their price target on shares of FedEx from $293.00 to $314.00 and gave the company a “buy” rating in a research report on Friday, September 19th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, FedEx presently has a consensus rating of “Moderate Buy” and an average target price of $271.25.

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.