TD Waterhouse Canada Inc. Purchases 2,806 Shares of FedEx Corporation $FDX

TD Waterhouse Canada Inc. grew its position in FedEx Corporation (NYSE:FDX) by 18.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,079 shares of the shipping service provider’s stock after acquiring an additional 2,806 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in FedEx were worth $4,237,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Wealthspire Advisors LLC raised its position in FedEx by 3.3% in the 2nd quarter. Wealthspire Advisors LLC now owns 4,772 shares of the shipping service provider’s stock worth $1,085,000 after purchasing an additional 151 shares during the period. Empowered Funds LLC grew its stake in shares of FedEx by 245.0% during the second quarter. Empowered Funds LLC now owns 35,576 shares of the shipping service provider’s stock valued at $8,087,000 after buying an additional 25,265 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of FedEx by 1.0% in the second quarter. Vanguard Group Inc. now owns 20,700,326 shares of the shipping service provider’s stock worth $4,705,391,000 after buying an additional 211,165 shares during the period. Frank Rimerman Advisors LLC raised its holdings in shares of FedEx by 82.3% in the second quarter. Frank Rimerman Advisors LLC now owns 3,191 shares of the shipping service provider’s stock worth $725,000 after buying an additional 1,441 shares during the period. Finally, Nordwand Advisors LLC bought a new stake in shares of FedEx during the 2nd quarter worth approximately $2,397,000. 84.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. The Goldman Sachs Group reduced their target price on FedEx from $290.00 to $276.00 and set a “buy” rating on the stock in a research note on Friday, September 12th. Susquehanna boosted their price objective on shares of FedEx from $285.00 to $300.00 and gave the company a “positive” rating in a research report on Friday, September 19th. Jefferies Financial Group lifted their price target on shares of FedEx from $275.00 to $280.00 and gave the company a “buy” rating in a research note on Friday, September 19th. Evercore ISI dropped their price objective on FedEx from $243.00 to $239.00 in a research note on Friday, September 19th. Finally, Raymond James Financial restated an “outperform” rating and set a $255.00 price objective on shares of FedEx in a report on Thursday, September 18th. One investment 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 given a Sell rating to the company. According to MarketBeat, FedEx has an average rating of “Moderate Buy” and an average price target of $276.13.

FedEx Stock Performance

Shares of NYSE:FDX opened at $263.24 on Friday. The firm has a 50 day moving average of $244.40 and a 200 day moving average of $233.05. The company has a quick ratio of 1.21, a current ratio of 1.25 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $62.12 billion, a price-to-earnings ratio of 15.37, a price-to-earnings-growth ratio of 1.36 and a beta of 1.31. FedEx Corporation has a 52 week low of $194.29 and a 52 week high of $308.53.

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

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.