WESCAP Management Group Inc. Reduces Holdings in FedEx Corporation $FDX

WESCAP Management Group Inc. reduced its position in FedEx Corporation (NYSE:FDX) by 16.4% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 1,334 shares of the shipping service provider’s stock after selling 262 shares during the period. WESCAP Management Group Inc.’s holdings in FedEx were worth $303,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. NewSquare Capital LLC increased its stake in FedEx by 121.8% in the second quarter. NewSquare Capital LLC now owns 122 shares of the shipping service provider’s stock valued at $28,000 after purchasing an additional 67 shares during the period. WPG Advisers LLC acquired a new stake in shares of FedEx during the first quarter worth about $43,000. Cary Street Partners Investment Advisory LLC grew its holdings in shares of FedEx by 60.7% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 188 shares of the shipping service provider’s stock worth $46,000 after buying an additional 71 shares during the last quarter. Motco lifted its position in FedEx by 61.8% during the 1st quarter. Motco now owns 267 shares of the shipping service provider’s stock worth $65,000 after acquiring an additional 102 shares during the period. Finally, Rise Advisors LLC raised its stake in shares of FedEx by 21.0% during the first quarter. Rise Advisors LLC now owns 340 shares of the shipping service provider’s stock worth $83,000 after purchasing an additional 59 shares during the last quarter. 84.47% of the stock is owned by institutional investors and hedge funds.

FedEx Price Performance

FDX stock opened at $262.48 on Friday. The company has a current ratio of 1.25, a quick ratio of 1.21 and a debt-to-equity ratio of 0.73. FedEx Corporation has a 12-month low of $194.29 and a 12-month high of $308.53. The company has a market cap 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 stock has a 50-day moving average price of $237.55 and a two-hundred day moving average price of $229.76.

FedEx (NYSE:FDX) last issued its quarterly earnings results on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.71 by $0.12. The business had revenue of $22.20 billion during the quarter, compared to analyst estimates of $21.74 billion. FedEx had a net margin of 4.65% and a return on equity of 16.33%. The business’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.60 earnings per share. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. As a group, research analysts predict that FedEx Corporation will post 19.14 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on FDX shares. Dbs Bank raised FedEx from a “hold” rating to a “moderate buy” rating in a report on Thursday, August 21st. HSBC increased their price target on shares of FedEx from $230.00 to $235.00 in a report on Friday, September 19th. Wells Fargo & Company boosted their price objective on shares of FedEx from $250.00 to $280.00 and gave the stock an “equal weight” rating in a report on Friday. Wall Street Zen raised shares of FedEx from a “hold” rating to a “buy” rating in a report on Sunday, October 12th. Finally, Vertical Research reduced their price target on shares of FedEx from $280.00 to $275.00 in a research report on Friday, September 19th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, FedEx presently has a consensus rating of “Moderate Buy” and an average target price of $273.08.

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.