Paradigm Asset Management Co. LLC Buys 1,600 Shares of FedEx Corporation $FDX

Paradigm Asset Management Co. LLC lifted its stake in shares of FedEx Corporation (NYSE:FDX) by 33.3% during the second quarter, HoldingsChannel.com reports. The fund owned 6,400 shares of the shipping service provider’s stock after buying an additional 1,600 shares during the quarter. Paradigm Asset Management Co. LLC’s holdings in FedEx were worth $1,455,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Brighton Jones LLC lifted its stake in FedEx by 12.8% in the fourth quarter. Brighton Jones LLC now owns 1,825 shares of the shipping service provider’s stock worth $514,000 after acquiring an additional 207 shares during the period. Envestnet Asset Management Inc. raised its holdings in shares of FedEx by 10.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 349,006 shares of the shipping service provider’s stock valued at $85,081,000 after purchasing an additional 32,827 shares in the last quarter. TD Private Client Wealth LLC lifted its position in shares of FedEx by 27.5% in the 1st quarter. TD Private Client Wealth LLC now owns 1,611 shares of the shipping service provider’s stock worth $393,000 after purchasing an additional 347 shares during the period. Cerity Partners LLC lifted its position in shares of FedEx by 0.5% in the 1st quarter. Cerity Partners LLC now owns 62,859 shares of the shipping service provider’s stock worth $15,344,000 after purchasing an additional 339 shares during the period. Finally, Processus Wealth & Capital Management LLC boosted its stake in shares of FedEx by 1.4% during the first quarter. Processus Wealth & Capital Management LLC now owns 16,737 shares of the shipping service provider’s stock valued at $4,080,000 after purchasing an additional 232 shares in the last quarter. 84.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on FDX shares. Raymond James Financial reissued an “outperform” rating and issued a $255.00 price objective on shares of FedEx in a research note on Thursday, September 18th. Bank of America upped their price objective on FedEx from $240.00 to $244.00 and gave the stock a “neutral” rating in a research note on Friday, September 19th. Citigroup boosted their target price on shares of FedEx from $275.00 to $279.00 and gave the stock a “buy” rating in a report on Friday, September 19th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of FedEx in a research report on Friday, October 31st. Finally, BMO Capital Markets decreased their target price on shares of FedEx from $260.00 to $255.00 and set a “market perform” rating for the company in a research report on Friday, September 19th. One 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’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $273.08.

FedEx Price Performance

Shares of FDX opened at $262.48 on Friday. The firm has a market capitalization of $61.93 billion, a PE ratio of 15.32, a price-to-earnings-growth ratio of 1.44 and a beta of 1.31. 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 company’s fifty day moving average price is $237.55 and its 200-day moving average price is $229.76. FedEx Corporation has a 1-year low of $194.29 and a 1-year 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 for the quarter, beating the consensus estimate of $3.71 by $0.12. FedEx had a return on equity of 16.33% and a net margin of 4.65%.The business had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $21.74 billion. During the same quarter in the previous year, the business earned $3.60 EPS. The company’s quarterly 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, equities research analysts predict that FedEx Corporation will post 19.14 EPS for the current year.

FedEx 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.