OFI Invest Asset Management Grows Stock Holdings in FedEx Corporation $FDX

OFI Invest Asset Management grew its holdings in shares of FedEx Corporation (NYSE:FDX) by 67.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 423 shares of the shipping service provider’s stock after buying an additional 170 shares during the quarter. OFI Invest Asset Management’s holdings in FedEx were worth $96,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Golden State Wealth Management LLC grew its stake in FedEx by 21.1% during the first quarter. Golden State Wealth Management LLC now owns 362 shares of the shipping service provider’s stock worth $88,000 after buying an additional 63 shares during the period. Sivia Capital Partners LLC purchased a new stake in FedEx during the second quarter worth approximately $586,000. Sage Capital Advisors llc grew its stake in FedEx by 136.5% during the second quarter. Sage Capital Advisors llc now owns 34,697 shares of the shipping service provider’s stock worth $7,887,000 after buying an additional 20,024 shares during the period. Value Partners Investments Inc. grew its stake in FedEx by 26.4% during the second quarter. Value Partners Investments Inc. now owns 181,454 shares of the shipping service provider’s stock worth $41,247,000 after buying an additional 37,950 shares during the period. Finally, Xcel Wealth Management LLC purchased a new stake in FedEx during the second quarter worth approximately $1,200,000. 84.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

FDX has been the topic of a number of recent research reports. Barclays reissued an “overweight” rating and set a $320.00 target price (down from $330.00) on shares of FedEx in a research report on Wednesday, June 25th. Wells Fargo & Company boosted their target price on shares of FedEx from $235.00 to $250.00 and gave the stock an “equal weight” rating in a research report on Friday, September 19th. UBS Group boosted their target price on shares of FedEx from $293.00 to $314.00 and gave the stock a “buy” rating in a research report on Friday, September 19th. Dbs Bank raised shares of FedEx from a “hold” rating to a “moderate buy” rating in a research report on Thursday, August 21st. Finally, The Goldman Sachs Group reduced their target price on shares of FedEx from $290.00 to $276.00 and set a “buy” rating on the stock in a research report on Friday, September 12th. 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 assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $273.08.

FedEx Price Performance

Shares of FDX opened at $229.51 on Tuesday. The firm has a market cap of $54.16 billion, a price-to-earnings ratio of 13.40, a PEG ratio of 1.25 and a beta of 1.28. The stock has a 50 day moving average of $231.02 and a 200-day moving average of $225.55. The company has a current ratio of 1.25, a quick ratio of 1.21 and a debt-to-equity ratio of 0.73. FedEx Corporation has a 52 week low of $194.29 and a 52 week high of $308.53.

FedEx (NYSE:FDX) last issued its earnings results on Thursday, September 18th. The shipping service provider reported $3.83 EPS for the quarter, topping the consensus estimate of $3.71 by $0.12. The company had revenue of $22.20 billion during the quarter, compared to analyst estimates of $21.74 billion. FedEx had a return on equity of 16.33% and a net margin of 4.65%.The business’s revenue was up 3.1% on a year-over-year basis. During the same quarter last year, the firm earned $3.60 EPS. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. As a group, analysts forecast that FedEx Corporation will post 19.14 EPS for the current 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 dividend of $1.45 per share. The ex-dividend date was Monday, September 8th. This represents a $5.80 annualized dividend and a yield of 2.5%. FedEx’s dividend payout ratio is 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.