Pinnacle Wealth Management Advisory Group LLC Sells 577 Shares of FedEx Corporation $FDX

Pinnacle Wealth Management Advisory Group LLC lessened its holdings in FedEx Corporation (NYSE:FDX) by 17.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,734 shares of the shipping service provider’s stock after selling 577 shares during the quarter. Pinnacle Wealth Management Advisory Group LLC’s holdings in FedEx were worth $621,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on FDX. Vertical Research dropped their price target on shares of FedEx from $280.00 to $275.00 in a research report on Friday, September 19th. HSBC lifted their target price on shares of FedEx from $230.00 to $235.00 in a research note on Friday, September 19th. Stifel Nicolaus cut their price target on shares of FedEx from $308.00 to $296.00 and set a “buy” rating on the stock in a research report on Wednesday, September 17th. Wall Street Zen upgraded FedEx from a “hold” rating to a “buy” rating in a report on Sunday, October 12th. Finally, UBS Group raised their target price on FedEx from $293.00 to $314.00 and gave the stock a “buy” rating in a research note on Friday, September 19th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $273.08.

FedEx Stock Up 1.4%

FedEx stock opened at $262.48 on Monday. FedEx Corporation has a fifty-two week low of $194.29 and a fifty-two week high of $308.53. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.21 and a current ratio of 1.25. The firm’s 50-day simple moving average is $237.55 and its 200 day simple moving average is $230.05. The stock has a market cap of $61.93 billion, a PE ratio of 15.32, a price-to-earnings-growth ratio of 1.46 and a beta of 1.31.

FedEx (NYSE:FDX) last posted its earnings results on Thursday, September 18th. The shipping service provider reported $3.83 EPS for the quarter, topping the consensus estimate of $3.71 by $0.12. FedEx had a net margin of 4.65% and a return on equity of 16.33%. The firm had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $21.74 billion. During the same quarter last year, the firm 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. Research analysts predict that FedEx Corporation will post 19.14 EPS 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.