Forsta AP Fonden Has $10.27 Million Stake in FedEx Corporation $FDX

Forsta AP Fonden trimmed its stake in FedEx Corporation (NYSE:FDX) by 22.7% during the second quarter, HoldingsChannel.com reports. The fund owned 45,200 shares of the shipping service provider’s stock after selling 13,300 shares during the quarter. Forsta AP Fonden’s holdings in FedEx were worth $10,274,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FDX. Valeo Financial Advisors LLC grew its holdings in shares of FedEx by 28,080.9% in the 2nd quarter. Valeo Financial Advisors LLC now owns 3,743,557 shares of the shipping service provider’s stock worth $850,948,000 after purchasing an additional 3,730,273 shares during the last quarter. Nuveen LLC acquired a new position in FedEx in the first quarter valued at about $314,650,000. ACR Alpine Capital Research LLC grew its stake 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 buying an additional 732,266 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of 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 in the last quarter. Finally, Canada Pension Plan Investment Board raised its stake in shares of 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 acquiring an additional 264,792 shares during the last quarter. 84.47% of the stock is owned by institutional investors.

FedEx Stock Down 0.3%

Shares of NYSE:FDX opened at $267.76 on Friday. FedEx Corporation has a one year low of $194.29 and a one year high of $308.53. The company has a 50 day moving average of $240.62 and a 200-day moving average of $231.24. 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 stock has a market cap of $63.18 billion, a price-to-earnings ratio of 15.63, a P/E/G ratio of 1.50 and a beta of 1.31.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on FDX shares. TD Cowen increased their price target on FedEx from $269.00 to $271.00 and gave the stock a “buy” rating in a research report on Friday, September 19th. Weiss Ratings restated a “hold (c+)” rating on shares of FedEx in a report on Friday, October 31st. Dbs Bank upgraded FedEx from a “hold” rating to a “moderate buy” rating in a research note on Thursday, August 21st. Vertical Research reduced their price target on shares of FedEx from $280.00 to $275.00 in a research report on Friday, September 19th. Finally, Susquehanna increased their price objective on shares of FedEx from $285.00 to $300.00 and gave the stock a “positive” rating 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 issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, FedEx has an average rating of “Moderate Buy” and a consensus target price of $276.08.

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.