Vise Technologies Inc. Takes $1.63 Million Position in FedEx Corporation $FDX

Vise Technologies Inc. bought a new stake in shares of FedEx Corporation (NYSE:FDX) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 7,152 shares of the shipping service provider’s stock, valued at approximately $1,626,000.

A number of other large investors have also bought and sold shares of FDX. Allworth Financial LP raised its holdings in shares of FedEx by 14.0% during the second quarter. Allworth Financial LP now owns 10,621 shares of the shipping service provider’s stock valued at $2,414,000 after purchasing an additional 1,301 shares during the period. Illinois Municipal Retirement Fund increased its position in FedEx by 39.5% in the 2nd quarter. Illinois Municipal Retirement Fund now owns 63,347 shares of the shipping service provider’s stock valued at $14,399,000 after buying an additional 17,953 shares in the last quarter. Compass Capital Management Inc. raised its stake in FedEx by 8.0% during the 2nd quarter. Compass Capital Management Inc. now owns 238,749 shares of the shipping service provider’s stock worth $54,270,000 after buying an additional 17,644 shares during the period. ProShare Advisors LLC boosted its holdings in FedEx by 12.7% in the second quarter. ProShare Advisors LLC now owns 38,047 shares of the shipping service provider’s stock worth $8,648,000 after acquiring an additional 4,288 shares in the last quarter. Finally, Profund Advisors LLC boosted its holdings in FedEx by 10.3% in the second quarter. Profund Advisors LLC now owns 2,477 shares of the shipping service provider’s stock worth $563,000 after acquiring an additional 231 shares in the last quarter. 84.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. The Goldman Sachs Group lowered their target price on FedEx from $290.00 to $276.00 and set a “buy” rating on the stock in a research report on Friday, September 12th. Truist Financial set a $285.00 price target on shares of FedEx in a research note on Tuesday, October 14th. Jefferies Financial Group raised their price objective on shares of FedEx from $275.00 to $280.00 and gave the company a “buy” rating in a research note on Friday, September 19th. Stifel Nicolaus reduced their price objective on shares of FedEx from $308.00 to $296.00 and set a “buy” rating for the company in a report on Wednesday, September 17th. Finally, HSBC upped their target price on shares of FedEx from $230.00 to $235.00 in a report on Friday, September 19th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, FedEx presently has an average rating of “Moderate Buy” and an average price target of $273.08.

FedEx Trading Up 5.5%

Shares of FDX stock opened at $267.93 on Wednesday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.21 and a current ratio of 1.25. The company has a market capitalization of $63.22 billion, a price-to-earnings ratio of 15.64, a PEG ratio of 1.42 and a beta of 1.31. FedEx Corporation has a 52-week low of $194.29 and a 52-week high of $308.53. The company has a 50-day simple moving average of $238.89 and a two-hundred day simple moving average of $230.72.

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. The firm had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $21.74 billion. FedEx had a return on equity of 16.33% and a net margin of 4.65%.The company’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.60 EPS. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. Research analysts anticipate that FedEx Corporation will post 19.14 EPS for the current fiscal year.

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.