Birchbrook Inc. Trims Stock Position in FedEx Corporation $FDX

Birchbrook Inc. decreased its position in FedEx Corporation (NYSE:FDX) by 4.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,902 shares of the shipping service provider’s stock after selling 247 shares during the period. Birchbrook Inc.’s holdings in FedEx were worth $1,114,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. NewSquare Capital LLC grew its position in FedEx by 121.8% in the second quarter. NewSquare Capital LLC now owns 122 shares of the shipping service provider’s stock worth $28,000 after acquiring an additional 67 shares during the period. WPG Advisers LLC acquired a new position in shares of FedEx in the 1st quarter valued at $43,000. Cary Street Partners Investment Advisory LLC grew its holdings in shares of 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 worth $46,000 after purchasing an additional 71 shares during the period. Motco increased its position in shares of FedEx by 61.8% during the 1st quarter. Motco now owns 267 shares of the shipping service provider’s stock worth $65,000 after purchasing an additional 102 shares during the last quarter. Finally, Rise Advisors LLC increased its position in shares of FedEx by 21.0% during the 1st quarter. Rise Advisors LLC now owns 340 shares of the shipping service provider’s stock worth $83,000 after purchasing an additional 59 shares during the last quarter. Hedge funds and other institutional investors own 84.47% of the company’s stock.

Wall Street Analysts Forecast Growth

FDX has been the subject of several research analyst reports. Stifel Nicolaus lowered their target price on shares of FedEx from $308.00 to $296.00 and set a “buy” rating for the company in a research note on Wednesday, September 17th. TD Cowen increased their price objective on shares of FedEx from $269.00 to $271.00 and gave the stock a “buy” rating in a research report on Friday, September 19th. Jefferies Financial Group boosted their target price on FedEx from $275.00 to $280.00 and gave the company a “buy” rating in a research report on Friday, September 19th. Stephens restated an “overweight” rating and set a $260.00 price target on shares of FedEx in a research report on Tuesday, October 14th. Finally, Vertical Research cut their price objective on FedEx from $280.00 to $275.00 in a report on Friday, September 19th. One 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 given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $276.08.

FedEx Stock Down 0.5%

FedEx stock opened at $263.48 on Wednesday. The firm has a market capitalization of $62.17 billion, a P/E ratio of 15.38, a P/E/G ratio of 1.47 and a beta of 1.31. The company has a current ratio of 1.25, a quick ratio of 1.21 and a debt-to-equity ratio of 0.73. FedEx Corporation has a twelve month low of $194.29 and a twelve month high of $308.53. The stock’s fifty day simple moving average is $242.97 and its 200-day simple moving average is $232.63.

FedEx (NYSE:FDX) last released its 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. 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 analysts’ expectations of $21.74 billion. During the same period in the previous year, the firm posted $3.60 EPS. FedEx’s revenue for the quarter was up 3.1% on a year-over-year basis. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. As a group, equities analysts expect that FedEx Corporation will post 19.14 earnings per share for the current fiscal 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.