Twin Capital Management Inc. Purchases Shares of 2,054 FedEx Corporation $FDX

Twin Capital Management Inc. acquired a new stake in FedEx Corporation (NYSE:FDX) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 2,054 shares of the shipping service provider’s stock, valued at approximately $467,000.

A number of other large investors also recently added to or reduced their stakes in FDX. Brighton Jones LLC boosted its stake in shares of FedEx by 12.8% during the fourth quarter. Brighton Jones LLC now owns 1,825 shares of the shipping service provider’s stock valued at $514,000 after purchasing an additional 207 shares during the period. Penserra Capital Management LLC boosted its position in FedEx by 6.8% during the 1st quarter. Penserra Capital Management LLC now owns 4,188 shares of the shipping service provider’s stock valued at $1,020,000 after buying an additional 265 shares during the period. Envestnet Asset Management Inc. increased its position in shares of FedEx by 10.4% in the first quarter. Envestnet Asset Management Inc. now owns 349,006 shares of the shipping service provider’s stock valued at $85,081,000 after acquiring an additional 32,827 shares during the period. TD Private Client Wealth LLC raised its stake in shares of FedEx by 27.5% during the first quarter. TD Private Client Wealth LLC now owns 1,611 shares of the shipping service provider’s stock valued at $393,000 after acquiring an additional 347 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its holdings in shares of FedEx by 0.9% during the first quarter. DekaBank Deutsche Girozentrale now owns 148,573 shares of the shipping service provider’s stock worth $35,646,000 after purchasing an additional 1,305 shares during the period. Hedge funds and other institutional investors own 84.47% of the company’s stock.

FedEx Trading Up 1.1%

Shares of NYSE FDX opened at $258.85 on Friday. 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 current ratio of 1.25 and a quick ratio of 1.21. The firm has a 50-day moving average of $236.92 and a 200 day moving average of $229.36. The stock has a market cap of $61.08 billion, a P/E ratio of 15.11, a price-to-earnings-growth ratio of 1.43 and a beta of 1.31.

FedEx (NYSE:FDX) last announced its earnings results on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $21.74 billion. During the same quarter last year, the firm earned $3.60 earnings per share. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. As a group, sell-side analysts expect that FedEx Corporation will post 19.14 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Sanford C. Bernstein lifted their price objective on FedEx from $247.00 to $250.00 and gave the stock a “market perform” rating in a research report on Monday, September 22nd. Susquehanna raised their price target on FedEx from $285.00 to $300.00 and gave the stock a “positive” rating in a research note on Friday, September 19th. BMO Capital Markets reduced their price objective on shares of FedEx from $260.00 to $255.00 and set a “market perform” rating on the stock in a research report on Friday, September 19th. Citigroup upped their price objective on shares of FedEx from $275.00 to $279.00 and gave the stock a “buy” rating in a report on Friday, September 19th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of FedEx in a research report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $271.83.

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.