Pacific Heights Asset Management LLC Has $14.78 Million Position in FedEx Corporation $FDX

Pacific Heights Asset Management LLC increased its stake in FedEx Corporation (NYSE:FDX) by 8.3% in the 2nd quarter, Holdings Channel reports. The firm owned 65,000 shares of the shipping service provider’s stock after purchasing an additional 5,000 shares during the period. Pacific Heights Asset Management LLC’s holdings in FedEx were worth $14,775,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. 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 boosted its position in shares of FedEx by 2.6% in the first 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 during the period. SouthState Corp boosted its position in shares of FedEx by 3.5% in 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. boosted its position in shares of FedEx by 4.3% in 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. Finally, Loudon Investment Management LLC boosted its position in shares of FedEx by 5.0% in 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. 84.47% of the stock is currently owned by institutional investors and hedge funds.

FedEx Stock Performance

Shares of NYSE FDX opened at $242.80 on Wednesday. The business has a fifty day simple moving average of $232.46 and a 200 day simple moving average of $225.87. 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 capitalization of $57.29 billion, a price-to-earnings ratio of 14.17, a PEG ratio of 1.34 and a beta of 1.28. FedEx Corporation has a one year low of $194.29 and a one year 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, beating analysts’ consensus estimates of $3.71 by $0.12. The business 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%.FedEx’s revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the company posted $3.60 earnings per share. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. Sell-side analysts expect that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Dividend Announcement

The business also recently disclosed 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. This represents a $5.80 annualized dividend and a yield of 2.4%. The ex-dividend date was Monday, September 8th. FedEx’s dividend payout ratio is currently 33.86%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on FDX. Stephens reissued an “overweight” rating and issued a $260.00 price objective on shares of FedEx in a research report on Tuesday, October 14th. Citigroup increased their price objective on FedEx from $275.00 to $279.00 and gave the company a “buy” rating in a research report on Friday, September 19th. HSBC increased their price objective on FedEx from $230.00 to $235.00 in a research report on Friday, September 19th. Raymond James Financial reissued an “outperform” rating and issued a $255.00 price objective on shares of FedEx in a research report on Thursday, September 18th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $274.00 price objective (down from $284.00) on shares of FedEx in a research report on Wednesday, October 8th. One investment 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 assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average 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.