Cherokee Insurance Co Makes New $4.72 Million Investment in FedEx Corporation $FDX

Cherokee Insurance Co acquired a new stake in FedEx Corporation (NYSE:FDX) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 20,750 shares of the shipping service provider’s stock, valued at approximately $4,717,000. FedEx comprises about 2.1% of Cherokee Insurance Co’s holdings, making the stock its 14th biggest holding.

A number of other institutional investors have also added to or reduced their stakes in the company. Valeo Financial Advisors LLC lifted its stake in FedEx by 28,080.9% in the second quarter. Valeo Financial Advisors LLC now owns 3,743,557 shares of the shipping service provider’s stock valued at $850,948,000 after acquiring an additional 3,730,273 shares during the last quarter. Nuveen LLC acquired a new stake in FedEx in the 1st quarter valued at about $314,650,000. ACR Alpine Capital Research LLC grew its holdings in FedEx by 85.9% during the first quarter. ACR Alpine Capital Research LLC now owns 1,585,033 shares of the shipping service provider’s stock worth $386,399,000 after purchasing an additional 732,266 shares during the period. Vanguard Group Inc. increased its position in FedEx by 1.4% during the first 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. Finally, Canada Pension Plan Investment Board raised its stake in FedEx by 302.6% in the first quarter. Canada Pension Plan Investment Board now owns 352,296 shares of the shipping service provider’s stock valued at $85,883,000 after buying an additional 264,792 shares during the period. 84.47% of the stock is currently owned by institutional investors and hedge funds.

FedEx Trading Up 0.4%

Shares of FedEx stock opened at $268.88 on Thursday. 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 firm has a 50-day moving average of $239.77 and a 200-day moving average of $230.99. FedEx Corporation has a 52-week low of $194.29 and a 52-week high of $308.53. The stock has a market cap of $63.44 billion, a PE ratio of 15.70, a PEG ratio of 1.49 and a beta of 1.31.

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 analysts’ consensus estimates of $3.71 by $0.12. The business had revenue of $22.20 billion for 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%. FedEx’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period last year, the firm earned $3.60 earnings per share. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. As a group, sell-side analysts forecast that FedEx Corporation will post 19.14 EPS for the current year.

Wall Street Analyst Weigh In

FDX has been the subject of several research analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of FedEx in a research note on Friday, October 31st. UBS Group lifted their price objective on shares of FedEx from $293.00 to $314.00 and gave the stock a “buy” rating in a research report on Friday, September 19th. Citigroup increased their price objective on shares of FedEx from $275.00 to $279.00 and gave the company a “buy” rating in a research report on Friday, September 19th. Sanford C. Bernstein raised their target price on shares of FedEx from $247.00 to $250.00 and gave the stock a “market perform” rating in a research note on Monday, September 22nd. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $255.00 price target on shares of FedEx in a research note on Thursday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, FedEx presently has an average rating of “Moderate Buy” and an average target price of $273.08.

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.