FedEx Corporation $FDX Shares Acquired by Omnia Family Wealth LLC

Omnia Family Wealth LLC lifted its stake in shares of FedEx Corporation (NYSE:FDX) by 11.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 916 shares of the shipping service provider’s stock after buying an additional 97 shares during the quarter. Omnia Family Wealth LLC’s holdings in FedEx were worth $209,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. WealthPlan Investment Management LLC lifted its holdings in FedEx by 3.2% in the 2nd quarter. WealthPlan Investment Management LLC now owns 1,439 shares of the shipping service provider’s stock worth $327,000 after purchasing an additional 44 shares during the last quarter. Aaron Wealth Advisors LLC lifted its holdings in FedEx by 2.6% in the 1st quarter. Aaron Wealth Advisors LLC now owns 1,875 shares of the shipping service provider’s stock worth $457,000 after purchasing an additional 48 shares during the last quarter. SouthState Corp lifted its holdings in FedEx by 3.5% in the 1st quarter. SouthState Corp now owns 1,431 shares of the shipping service provider’s stock worth $349,000 after purchasing an additional 48 shares during the last quarter. Evanson Asset Management LLC lifted its holdings in FedEx by 6.0% in the 1st quarter. Evanson Asset Management LLC now owns 879 shares of the shipping service provider’s stock worth $214,000 after purchasing an additional 50 shares during the last quarter. Finally, Hendershot Investments Inc. lifted its holdings in shares of FedEx by 4.3% during the first quarter. Hendershot Investments Inc. now owns 1,207 shares of the shipping service provider’s stock worth $294,000 after buying an additional 50 shares during the last quarter. Institutional investors and hedge funds own 84.47% of the company’s stock.

FedEx Stock Performance

FedEx stock opened at $235.39 on Thursday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.25 and a quick ratio of 1.21. The stock has a fifty day moving average price of $231.44 and a two-hundred day moving average price of $225.68. FedEx Corporation has a 52-week low of $194.29 and a 52-week high of $308.53. The firm has a market capitalization of $55.54 billion, a P/E ratio of 13.74, a P/E/G ratio of 1.31 and a beta of 1.28.

FedEx (NYSE:FDX) last released its quarterly earnings data on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $22.20 billion during the quarter, compared to analyst estimates of $21.74 billion. During the same period in the prior year, the company posted $3.60 earnings per share. The business’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, analysts anticipate that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Monday, September 8th were issued 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 dividend payout ratio is presently 33.86%.

Wall Street Analyst Weigh In

FDX has been the subject of a number of research analyst reports. Stifel Nicolaus cut their price target on FedEx from $308.00 to $296.00 and set a “buy” rating for the company in a report on Wednesday, September 17th. BNP Paribas Exane upgraded FedEx from an “underperform” rating to an “outperform” rating and set a $270.00 price target for the company in a report on Thursday, July 3rd. Jefferies Financial Group upped their price target on FedEx from $275.00 to $280.00 and gave the stock a “buy” rating in a report on Friday, September 19th. TD Cowen upped their price target on FedEx from $269.00 to $271.00 and gave the stock a “buy” rating in a report on Friday, September 19th. Finally, Wolfe Research upped their target price on FedEx from $254.00 to $298.00 in a research note on Tuesday, October 7th. 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 given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price 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.