FedEx Corporation $FDX Shares Bought by IMA Advisory Services Inc.

IMA Advisory Services Inc. lifted its stake in shares of FedEx Corporation (NYSE:FDX) by 16.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,240 shares of the shipping service provider’s stock after purchasing an additional 310 shares during the quarter. IMA Advisory Services Inc.’s holdings in FedEx were worth $512,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vise Technologies Inc. bought a new stake in shares of FedEx during the 2nd quarter worth about $1,626,000. Allworth Financial LP increased its stake in shares of FedEx by 14.0% during the second quarter. Allworth Financial LP now owns 10,621 shares of the shipping service provider’s stock valued at $2,414,000 after acquiring an additional 1,301 shares during the period. Illinois Municipal Retirement Fund raised its holdings in FedEx by 39.5% during the second quarter. Illinois Municipal Retirement Fund now owns 63,347 shares of the shipping service provider’s stock worth $14,399,000 after purchasing an additional 17,953 shares in the last quarter. Compass Capital Management Inc. raised its holdings in FedEx by 8.0% during the second quarter. Compass Capital Management Inc. now owns 238,749 shares of the shipping service provider’s stock worth $54,270,000 after purchasing an additional 17,644 shares in the last quarter. Finally, ProShare Advisors LLC lifted its position in FedEx by 12.7% in the second quarter. ProShare Advisors LLC now owns 38,047 shares of the shipping service provider’s stock worth $8,648,000 after purchasing an additional 4,288 shares during the period. Institutional investors own 84.47% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on FDX shares. Sanford C. Bernstein lifted their price target on FedEx from $247.00 to $250.00 and gave the company a “market perform” rating in a research report on Monday, September 22nd. Vertical Research decreased their target price on FedEx from $280.00 to $275.00 in a research note on Friday, September 19th. Bank of America boosted their price target on shares of FedEx from $240.00 to $244.00 and gave the stock a “neutral” rating in a research report 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 for the company in a report on Wednesday, September 17th. Finally, Wall Street Zen upgraded shares of FedEx from a “hold” rating to a “buy” rating in a research report on Sunday, October 12th. One equities research 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $273.08.

FedEx Stock Up 5.5%

Shares of NYSE:FDX opened at $267.93 on Wednesday. The firm has a 50 day simple moving average of $238.89 and a 200 day simple moving average of $230.72. FedEx Corporation has a 52 week low of $194.29 and a 52 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 company has a market cap of $63.22 billion, a PE ratio of 15.64, a price-to-earnings-growth ratio of 1.42 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 (EPS) for the quarter, beating the consensus estimate of $3.71 by $0.12. The company had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $21.74 billion. FedEx had a net margin of 4.65% and a return on equity of 16.33%. The company’s revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the business earned $3.60 EPS. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. As a group, research analysts expect that FedEx Corporation will post 19.14 earnings per share for the current 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.