RWA Wealth Partners LLC Buys 1,566 Shares of FedEx Corporation $FDX

RWA Wealth Partners LLC lifted its stake in shares of FedEx Corporation (NYSE:FDX) by 12.9% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 13,751 shares of the shipping service provider’s stock after buying an additional 1,566 shares during the period. RWA Wealth Partners LLC’s holdings in FedEx were worth $3,126,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in FDX. Paradigm Asset Management Co. LLC raised its stake in FedEx by 33.3% during the second quarter. Paradigm Asset Management Co. LLC now owns 6,400 shares of the shipping service provider’s stock worth $1,455,000 after acquiring an additional 1,600 shares in the last quarter. Fox Run Management L.L.C. acquired a new position in shares of FedEx in the second quarter worth approximately $460,000. Penserra Capital Management LLC boosted its stake in shares of FedEx by 15.6% in the 2nd quarter. Penserra Capital Management LLC now owns 4,840 shares of the shipping service provider’s stock valued at $1,098,000 after purchasing an additional 652 shares during the last quarter. KCM Investment Advisors LLC boosted its position in FedEx by 4.2% during the second quarter. KCM Investment Advisors LLC now owns 6,823 shares of the shipping service provider’s stock valued at $1,551,000 after acquiring an additional 278 shares during the last quarter. Finally, Wedbush Securities Inc. grew its stake in FedEx by 7.0% during the second quarter. Wedbush Securities Inc. now owns 6,983 shares of the shipping service provider’s stock worth $1,587,000 after purchasing an additional 454 shares during the period. 84.47% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

FDX has been the subject of a number of research reports. Raymond James Financial restated an “outperform” rating and issued a $255.00 price target on shares of FedEx in a report on Thursday, September 18th. Evercore ISI lowered their price target on FedEx from $243.00 to $239.00 in a research report on Friday, September 19th. Susquehanna lifted their target price on shares of FedEx from $285.00 to $300.00 and gave the stock a “positive” rating in a research report on Friday, September 19th. The Goldman Sachs Group cut their price target on shares of FedEx from $290.00 to $276.00 and set a “buy” rating on the stock in a report on Friday, September 12th. Finally, Wells Fargo & Company raised their target price on FedEx from $250.00 to $280.00 and gave the stock an “equal weight” rating in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $273.08.

FedEx Price Performance

FedEx stock opened at $262.48 on Friday. 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 business has a 50-day simple moving average of $237.55 and a 200 day simple moving average of $229.92. The stock has a market cap of $61.93 billion, a price-to-earnings ratio of 15.32, a PEG ratio of 1.46 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 earnings results on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. FedEx’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the previous year, the business posted $3.60 earnings per share. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. On average, research analysts forecast that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Company 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.