FedEx Corporation $FDX Shares Purchased by Semanteon Capital Management LP

Semanteon Capital Management LP grew its position in shares of FedEx Corporation (NYSE:FDX) by 280.5% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,430 shares of the shipping service provider’s stock after purchasing an additional 4,740 shares during the period. FedEx makes up about 2.2% of Semanteon Capital Management LP’s holdings, making the stock its 12th largest holding. Semanteon Capital Management LP’s holdings in FedEx were worth $1,462,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of FDX. WealthPlan Investment Management LLC increased its stake in FedEx by 3.2% during the second quarter. WealthPlan Investment Management LLC now owns 1,439 shares of the shipping service provider’s stock worth $327,000 after purchasing an additional 44 shares during the period. SouthState Corp grew its stake in shares of FedEx by 3.5% in the first quarter. SouthState Corp now owns 1,431 shares of the shipping service provider’s stock worth $349,000 after acquiring an additional 48 shares in the last quarter. Schwarz Dygos Wheeler Investment Advisors LLC increased its position in shares of FedEx by 1.3% during the second quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 3,922 shares of the shipping service provider’s stock worth $892,000 after acquiring an additional 49 shares during the period. Hendershot Investments Inc. boosted its holdings in FedEx by 4.3% in the first quarter. Hendershot Investments Inc. now owns 1,207 shares of the shipping service provider’s stock valued at $294,000 after purchasing an additional 50 shares during the period. Finally, Loudon Investment Management LLC grew its stake in FedEx by 5.0% during the 2nd quarter. Loudon Investment Management LLC now owns 1,050 shares of the shipping service provider’s stock worth $239,000 after purchasing an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 84.47% of the company’s stock.

FedEx Trading Up 0.2%

Shares of FedEx stock opened at $267.79 on Monday. The company’s fifty day moving average is $241.43 and its two-hundred day moving average is $231.94. 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 quick ratio of 1.21 and a current ratio of 1.25. The company has a market capitalization of $63.19 billion, a P/E ratio of 15.63, a PEG ratio of 1.48 and a beta of 1.31.

FedEx (NYSE:FDX) last issued its quarterly earnings results on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.71 by $0.12. The firm had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $21.74 billion. FedEx had a return on equity of 16.33% and a net margin of 4.65%.The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.60 EPS. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. Analysts forecast that FedEx Corporation will post 19.14 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Stephens reissued an “overweight” rating and set a $260.00 price objective on shares of FedEx in a research report on Tuesday, October 14th. Jefferies Financial Group boosted their target price on shares of FedEx from $275.00 to $280.00 and gave the stock a “buy” rating in a research note on Friday, September 19th. The Goldman Sachs Group cut their price target on FedEx from $290.00 to $276.00 and set a “buy” rating on the stock in a research note on Friday, September 12th. Daiwa Capital Markets upped their price objective on FedEx from $232.00 to $240.00 and gave the stock a “neutral” rating in a research report on Monday, September 22nd. Finally, Wall Street Zen upgraded FedEx from a “hold” rating to a “buy” rating in a research note on Sunday, October 12th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, FedEx has a consensus rating of “Moderate Buy” and an average price target 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.