KBC Group NV Acquires 6,486 Shares of FedEx Corporation $FDX

KBC Group NV boosted its holdings in shares of FedEx Corporation (NYSE:FDX) by 2.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 318,274 shares of the shipping service provider’s stock after purchasing an additional 6,486 shares during the quarter. KBC Group NV’s holdings in FedEx were worth $72,347,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in FDX. Brighton Jones LLC raised its stake in FedEx by 12.8% during the 4th quarter. Brighton Jones LLC now owns 1,825 shares of the shipping service provider’s stock valued at $514,000 after purchasing an additional 207 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd bought a new position in shares of FedEx during the 1st quarter worth about $596,000. First Command Advisory Services Inc. raised its position in shares of FedEx by 8.9% during the first quarter. First Command Advisory Services Inc. now owns 1,839 shares of the shipping service provider’s stock valued at $448,000 after buying an additional 151 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of FedEx by 4.9% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 2,028 shares of the shipping service provider’s stock valued at $494,000 after buying an additional 95 shares during the period. Finally, Schwarz Dygos Wheeler Investment Advisors LLC grew its position in FedEx by 1.3% during the first quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 3,873 shares of the shipping service provider’s stock worth $944,000 after buying an additional 51 shares in the last quarter. 84.47% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Daiwa Capital Markets raised their price objective on FedEx from $232.00 to $240.00 and gave the stock a “neutral” rating in a research report on Monday, September 22nd. Dbs Bank raised FedEx from a “hold” rating to a “moderate buy” rating in a research report on Thursday, August 21st. TD Cowen boosted their price target on shares of FedEx from $269.00 to $271.00 and gave the company a “buy” rating in a report on Friday, September 19th. Wells Fargo & Company increased their price objective on shares of FedEx from $250.00 to $280.00 and gave the company an “equal weight” rating in a research note on Friday, November 7th. Finally, Stephens reiterated an “overweight” rating and set a $260.00 target price on shares of FedEx in a research report on Tuesday, October 14th. One 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 issued a Sell rating to the company. According to MarketBeat, FedEx currently has an average rating of “Moderate Buy” and a consensus price target of $273.08.

FedEx Price Performance

NYSE:FDX opened at $267.93 on Wednesday. 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 firm 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 Corporation has a 12 month low of $194.29 and a 12 month high of $308.53. The company’s 50-day moving average price is $238.89 and its two-hundred day moving average price is $230.72.

FedEx (NYSE:FDX) last posted its earnings results on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.71 by $0.12. The company had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $21.74 billion. FedEx had a net margin of 4.65% and a return on equity of 16.33%. FedEx’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.60 earnings per share. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. On average, equities analysts anticipate 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.