Heritage Investors Management Corp Has $23.20 Million Stake in FedEx Corporation $FDX

Heritage Investors Management Corp grew its stake in FedEx Corporation (NYSE:FDX) by 3.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 102,062 shares of the shipping service provider’s stock after purchasing an additional 3,111 shares during the period. Heritage Investors Management Corp’s holdings in FedEx were worth $23,200,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. WealthPlan Investment Management LLC boosted its position in shares of FedEx by 3.2% during the 2nd quarter. WealthPlan Investment Management LLC now owns 1,439 shares of the shipping service provider’s stock valued at $327,000 after acquiring an additional 44 shares in the last quarter. Aaron Wealth Advisors LLC boosted its position in shares of FedEx by 2.6% during the 1st quarter. Aaron Wealth Advisors LLC now owns 1,875 shares of the shipping service provider’s stock valued at $457,000 after acquiring an additional 48 shares in the last quarter. SouthState Corp boosted its position in shares of FedEx by 3.5% during the 1st quarter. SouthState Corp now owns 1,431 shares of the shipping service provider’s stock valued at $349,000 after acquiring an additional 48 shares in the last quarter. Hendershot Investments Inc. boosted its position in shares of FedEx by 4.3% during the 1st quarter. Hendershot Investments Inc. now owns 1,207 shares of the shipping service provider’s stock valued at $294,000 after acquiring an additional 50 shares in the last quarter. Finally, Loudon Investment Management LLC boosted its position in shares of FedEx by 5.0% during the 2nd quarter. Loudon Investment Management LLC now owns 1,050 shares of the shipping service provider’s stock valued at $239,000 after acquiring an additional 50 shares in the last quarter. 84.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. BNP Paribas Exane upgraded shares of FedEx from an “underperform” rating to an “outperform” rating and set a $270.00 target price on the stock in a research report on Thursday, July 3rd. Wolfe Research lifted their target price on shares of FedEx from $254.00 to $298.00 in a research report on Tuesday, October 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of FedEx in a research report on Wednesday, October 8th. UBS Group lifted their price target on shares of FedEx from $293.00 to $314.00 and gave the company a “buy” rating in a report on Friday, September 19th. Finally, Wells Fargo & Company lifted their price target on shares of FedEx from $235.00 to $250.00 and gave the company an “equal weight” rating in a report on Friday, September 19th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $271.83.

FedEx Trading Up 0.1%

Shares of NYSE FDX opened at $249.73 on Thursday. FedEx Corporation has a 1-year low of $194.29 and a 1-year high of $308.53. The company has a market cap of $58.93 billion, a PE ratio of 14.58, a P/E/G ratio of 1.39 and a beta of 1.28. 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 company has a 50-day moving average of $234.23 and a two-hundred day moving average of $227.56.

FedEx (NYSE:FDX) last announced its earnings results on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share 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 period in the previous year, the firm posted $3.60 earnings per share. The company’s 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, equities analysts expect that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders 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 dividend yield of 2.3%. FedEx’s payout ratio is currently 33.86%.

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.