Andra AP fonden Grows Position in FedEx Corporation $FDX

Andra AP fonden grew its position in FedEx Corporation (NYSE:FDX) by 16.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 91,600 shares of the shipping service provider’s stock after acquiring an additional 12,800 shares during the quarter. Andra AP fonden’s holdings in FedEx were worth $20,822,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Valeo Financial Advisors LLC boosted its stake in FedEx by 28,080.9% during 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 period. Nuveen LLC acquired a new stake in FedEx during the 1st quarter worth $314,650,000. ACR Alpine Capital Research LLC boosted its stake in shares of 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 period. Vanguard Group Inc. boosted its stake 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 during the period. Finally, Canada Pension Plan Investment Board boosted its stake in shares of FedEx by 302.6% during the first quarter. Canada Pension Plan Investment Board now owns 352,296 shares of the shipping service provider’s stock worth $85,883,000 after buying an additional 264,792 shares during the period. 84.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FDX has been the subject of a number of recent research reports. Raymond James Financial reaffirmed an “outperform” rating and set a $255.00 price objective on shares of FedEx in a research report on Thursday, September 18th. Wall Street Zen raised FedEx from a “hold” rating to a “buy” rating in a report on Sunday, October 12th. Daiwa Capital Markets increased their price target on FedEx from $232.00 to $240.00 and gave the stock a “neutral” rating in a report on Monday, September 22nd. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $274.00 price target (down from $284.00) on shares of FedEx in a report on Wednesday, October 8th. Finally, Stephens restated an “overweight” rating and issued a $260.00 target price on shares of FedEx in a research note on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $271.83.

FedEx Stock Performance

NYSE:FDX opened at $255.99 on Thursday. The firm’s fifty day simple moving average is $236.37 and its 200-day simple moving average is $229.15. 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 stock has a market cap of $60.40 billion, a PE ratio of 14.94, a price-to-earnings-growth ratio of 1.40 and a beta of 1.31. FedEx Corporation has a fifty-two week low of $194.29 and a fifty-two week high of $308.53.

FedEx (NYSE:FDX) last posted 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 company had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $21.74 billion. FedEx had a net margin of 4.65% and a return on equity of 16.33%. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period last year, the firm earned $3.60 EPS. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. Analysts expect 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.