Mitsubishi UFJ Asset Management Co. Ltd. Buys 27,094 Shares of FedEx Corporation $FDX

Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in FedEx Corporation (NYSE:FDX) by 6.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 426,376 shares of the shipping service provider’s stock after purchasing an additional 27,094 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in FedEx were worth $96,920,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Brighton Jones LLC increased its stake in FedEx by 12.8% in the fourth quarter. Brighton Jones LLC now owns 1,825 shares of the shipping service provider’s stock valued at $514,000 after acquiring an additional 207 shares during the last quarter. Cerity Partners LLC lifted its stake in FedEx by 0.5% during the first quarter. Cerity Partners LLC now owns 62,859 shares of the shipping service provider’s stock worth $15,344,000 after purchasing an additional 339 shares during the last quarter. Fort Sheridan Advisors LLC boosted its holdings in shares of FedEx by 21.1% in the 1st quarter. Fort Sheridan Advisors LLC now owns 1,721 shares of the shipping service provider’s stock valued at $420,000 after purchasing an additional 300 shares in the last quarter. Mathes Company Inc. boosted its holdings in shares of FedEx by 6.7% in the 1st quarter. Mathes Company Inc. now owns 12,385 shares of the shipping service provider’s stock valued at $3,019,000 after purchasing an additional 775 shares in the last quarter. Finally, Arizona State Retirement System increased its stake in shares of FedEx by 0.6% in the 1st quarter. Arizona State Retirement System now owns 67,148 shares of the shipping service provider’s stock valued at $16,369,000 after purchasing an additional 423 shares during the last quarter. 84.47% of the stock is currently owned by institutional investors and hedge funds.

FedEx Stock Up 1.4%

FedEx stock opened at $262.48 on Friday. The firm 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. 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 has a 50 day moving average price of $237.55 and a two-hundred day moving average price of $229.92.

FedEx (NYSE:FDX) last posted its quarterly earnings data on Thursday, September 18th. The shipping service provider reported $3.83 EPS for the quarter, beating analysts’ consensus estimates of $3.71 by $0.12. FedEx had a net margin of 4.65% and a return on equity of 16.33%. The company had revenue of $22.20 billion for the quarter, compared to analyst estimates of $21.74 billion. During the same period in the prior year, the firm posted $3.60 EPS. The company’s quarterly revenue was up 3.1% on a year-over-year basis. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. Equities analysts predict that FedEx Corporation will post 19.14 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on FDX. Stifel Nicolaus dropped their price objective on FedEx from $308.00 to $296.00 and set a “buy” rating for the company in a research report on Wednesday, September 17th. UBS Group boosted 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. Weiss Ratings reissued a “hold (c+)” rating on shares of FedEx in a report on Friday, October 31st. HSBC raised their price target on shares of FedEx from $230.00 to $235.00 in a research note on Friday, September 19th. Finally, BMO Capital Markets decreased their price target on shares of FedEx from $260.00 to $255.00 and set a “market perform” rating on the stock in a report on Friday, September 19th. One research 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 given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $273.08.

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.