Horrell Capital Management Inc. Grows Stock Holdings in FedEx Corporation $FDX

Horrell Capital Management Inc. increased its position in shares of FedEx Corporation (NYSE:FDX) by 2.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,445 shares of the shipping service provider’s stock after acquiring an additional 597 shares during the quarter. FedEx comprises 2.5% of Horrell Capital Management Inc.’s holdings, making the stock its 13th biggest position. Horrell Capital Management Inc.’s holdings in FedEx were worth $6,239,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. NewSquare Capital LLC increased its position in shares of FedEx by 121.8% during the second quarter. NewSquare Capital LLC now owns 122 shares of the shipping service provider’s stock worth $28,000 after purchasing an additional 67 shares in the last quarter. WPG Advisers LLC purchased a new position in FedEx during the 1st quarter worth $43,000. Cary Street Partners Investment Advisory LLC increased its position in FedEx by 60.7% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 188 shares of the shipping service provider’s stock valued at $46,000 after buying an additional 71 shares in the last quarter. Motco raised its stake in FedEx by 61.8% in the first quarter. Motco now owns 267 shares of the shipping service provider’s stock valued at $65,000 after buying an additional 102 shares during the last quarter. Finally, Rise Advisors LLC boosted its holdings in FedEx by 21.0% in the first quarter. Rise Advisors LLC now owns 340 shares of the shipping service provider’s stock worth $83,000 after acquiring an additional 59 shares in the last quarter. 84.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on FDX shares. Bank of America upped their price objective on shares of FedEx from $240.00 to $244.00 and gave the company a “neutral” rating in a report on Friday, September 19th. Raymond James Financial reissued an “outperform” rating and set a $255.00 target price on shares of FedEx in a research report on Thursday, September 18th. TD Cowen raised their price target on shares of FedEx from $269.00 to $271.00 and gave the stock a “buy” rating in a report on Friday, September 19th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $274.00 price objective (down from $284.00) on shares of FedEx in a research note on Wednesday, October 8th. Finally, HSBC upped their target price on FedEx from $230.00 to $235.00 in a research report on Friday, September 19th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, FedEx presently has a consensus rating of “Moderate Buy” and a consensus target price of $273.08.

FedEx Trading Up 5.5%

NYSE FDX opened at $267.93 on Wednesday. FedEx Corporation has a 1 year low of $194.29 and a 1 year high of $308.53. 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 company has a market capitalization of $63.22 billion, a PE ratio of 15.64, a P/E/G ratio of 1.42 and a beta of 1.31. The company has a fifty day moving average of $238.89 and a 200 day moving average of $230.72.

FedEx (NYSE:FDX) last released its quarterly earnings data on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share 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%.The company’s revenue was up 3.1% on a year-over-year basis. During the same quarter last year, the business posted $3.60 EPS. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. Research analysts forecast that FedEx Corporation will post 19.14 earnings per share for the current year.

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.