Hunter Associates Investment Management LLC Buys 995 Shares of FedEx Corporation $FDX

Hunter Associates Investment Management LLC increased its stake in FedEx Corporation (NYSE:FDX) by 6.7% during the second quarter, Holdings Channel.com reports. The firm owned 15,949 shares of the shipping service provider’s stock after purchasing an additional 995 shares during the quarter. Hunter Associates Investment Management LLC’s holdings in FedEx were worth $3,618,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in the stock. WealthPlan Investment Management LLC raised its stake in shares of FedEx by 3.2% in the second quarter. WealthPlan Investment Management LLC now owns 1,439 shares of the shipping service provider’s stock worth $327,000 after buying an additional 44 shares during the period. SouthState Corp raised its holdings in FedEx by 3.5% during the first 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 during the period. Hendershot Investments Inc. raised its holdings in FedEx by 4.3% during the first 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 during the period. Loudon Investment Management LLC raised its holdings in FedEx by 5.0% during the second 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 during the period. Finally, Navalign LLC raised its holdings in FedEx by 1.7% during the second quarter. Navalign LLC now owns 2,952 shares of the shipping service provider’s stock valued at $671,000 after acquiring an additional 50 shares during the period. Institutional investors own 84.47% of the company’s stock.

FedEx Trading Up 2.1%

Shares of NYSE FDX opened at $254.05 on Monday. The business’s 50 day moving average is $235.07 and its two-hundred day moving average is $228.33. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.25 and a quick ratio of 1.21. FedEx Corporation has a 1-year low of $194.29 and a 1-year high of $308.53. The stock has a market capitalization of $59.95 billion, a P/E ratio of 14.83, a PEG ratio of 1.42 and a beta of 1.31.

FedEx (NYSE:FDX) last announced its earnings results on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.71 by $0.12. FedEx had a return on equity of 16.33% and a net margin of 4.65%.The business had revenue of $22.20 billion during the quarter, compared to analyst estimates of $21.74 billion. During the same quarter in the previous year, the business earned $3.60 earnings per share. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. As a group, research analysts expect 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 issued 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 2.3%. FedEx’s payout ratio is presently 33.86%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on FDX. Stephens reissued an “overweight” rating and set a $260.00 price target on shares of FedEx in a report on Tuesday, October 14th. Vertical Research cut their price objective on FedEx from $280.00 to $275.00 in a research report on Friday, September 19th. Jefferies Financial Group raised their price target on FedEx from $275.00 to $280.00 and gave the company a “buy” rating in a report on Friday, September 19th. Wells Fargo & Company raised their price target on FedEx from $235.00 to $250.00 and gave the company an “equal weight” rating in a report on Friday, September 19th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of FedEx in a report on Friday. 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’s stock. According to MarketBeat, FedEx has a consensus rating of “Moderate Buy” and a consensus price target of $271.83.

About FedEx

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.