Geode Capital Management LLC Boosts Stake in FedEx Corporation $FDX

Geode Capital Management LLC grew its holdings in FedEx Corporation (NYSE:FDX) by 0.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,947,670 shares of the shipping service provider’s stock after purchasing an additional 28,450 shares during the quarter. Geode Capital Management LLC owned approximately 2.10% of FedEx worth $1,124,524,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of FedEx by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 20,489,161 shares of the shipping service provider’s stock worth $4,994,848,000 after buying an additional 289,655 shares during the last quarter. Valeo Financial Advisors LLC increased its stake in FedEx by 28,080.9% during the second quarter. Valeo Financial Advisors LLC now owns 3,743,557 shares of the shipping service provider’s stock worth $850,948,000 after acquiring an additional 3,730,273 shares during the last quarter. Invesco Ltd. raised its holdings in shares of FedEx by 1.4% in the 1st quarter. Invesco Ltd. now owns 3,264,993 shares of the shipping service provider’s stock worth $795,940,000 after purchasing an additional 43,989 shares during the period. Hotchkis & Wiley Capital Management LLC lifted its stake in shares of FedEx by 7.1% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 2,030,687 shares of the shipping service provider’s stock valued at $495,041,000 after purchasing an additional 135,290 shares in the last quarter. Finally, ACR Alpine Capital Research LLC grew its holdings in shares of FedEx by 0.6% during the 2nd quarter. ACR Alpine Capital Research LLC now owns 1,594,721 shares of the shipping service provider’s stock worth $362,496,000 after purchasing an additional 9,688 shares during the period. Hedge funds and other institutional investors own 84.47% of the company’s stock.

FedEx Price Performance

Shares of NYSE FDX opened at $267.76 on Friday. 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 firm has a market capitalization of $63.18 billion, a PE ratio of 15.63, a P/E/G ratio of 1.50 and a beta of 1.31. FedEx Corporation has a 1-year low of $194.29 and a 1-year high of $308.53. The business’s fifty day moving average price is $240.62 and its two-hundred day moving average price is $231.24.

FedEx (NYSE:FDX) last released its quarterly earnings results on Thursday, September 18th. The shipping service provider reported $3.83 EPS for the quarter, topping the consensus estimate 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 net margin of 4.65% and a return on equity of 16.33%. The company’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.60 earnings per share. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. On average, research analysts expect that FedEx Corporation will post 19.14 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on FDX. Citigroup raised their target price on FedEx from $279.00 to $310.00 and gave the company a “buy” rating in a report on Thursday. Jefferies Financial Group increased their price objective on shares of FedEx from $275.00 to $280.00 and gave the company a “buy” rating in a research report on Friday, September 19th. Wall Street Zen upgraded shares of FedEx from a “hold” rating to a “buy” rating in a research note on Sunday, October 12th. UBS Group upped their target price on shares of FedEx from $293.00 to $314.00 and gave the company a “buy” rating in a research note on Friday, September 19th. Finally, Stephens reaffirmed an “overweight” rating and set a $260.00 price target on shares of FedEx in a report on Tuesday, October 14th. One equities research 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, FedEx presently has a consensus rating of “Moderate Buy” and an average target price of $276.08.

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.