Prospera Financial Services Inc Sells 805 Shares of FedEx Corporation $FDX

Prospera Financial Services Inc lowered its stake in FedEx Corporation (NYSE:FDX) by 4.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,493 shares of the shipping service provider’s stock after selling 805 shares during the period. Prospera Financial Services Inc’s holdings in FedEx were worth $4,432,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. RWA Wealth Partners LLC raised its position in shares of FedEx by 12.9% during the second quarter. RWA Wealth Partners LLC now owns 13,751 shares of the shipping service provider’s stock worth $3,126,000 after acquiring an additional 1,566 shares during the last quarter. Paradigm Asset Management Co. LLC increased its position in FedEx by 33.3% in 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 purchasing an additional 1,600 shares during the period. Fox Run Management L.L.C. bought a new stake in FedEx during the 2nd quarter worth about $460,000. Penserra Capital Management LLC lifted its position in FedEx by 15.6% during 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 period. Finally, KCM Investment Advisors LLC lifted its position in FedEx by 4.2% during the 2nd quarter. KCM Investment Advisors LLC now owns 6,823 shares of the shipping service provider’s stock valued at $1,551,000 after purchasing an additional 278 shares during the period. Institutional investors and hedge funds own 84.47% of the company’s stock.

FedEx Trading Up 1.4%

NYSE:FDX opened at $262.48 on Monday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.25 and a quick ratio of 1.21. The business’s 50-day simple moving average is $237.55 and its 200-day simple moving average is $230.05. FedEx Corporation has a fifty-two week low of $194.29 and a fifty-two week high of $308.53. The stock has a market capitalization 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.71 by $0.12. The business had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $21.74 billion. FedEx had a return on equity of 16.33% and a net margin of 4.65%.FedEx’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the prior year, the business earned $3.60 EPS. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. Sell-side analysts expect that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Stifel Nicolaus dropped their price target on shares of FedEx from $308.00 to $296.00 and set a “buy” rating for the company in a research note on Wednesday, September 17th. Dbs Bank upgraded shares of FedEx from a “hold” rating to a “moderate buy” rating in a research report on Thursday, August 21st. Jefferies Financial Group increased their price target on FedEx from $275.00 to $280.00 and gave the company a “buy” rating in a research note on Friday, September 19th. Bank of America lifted their price objective on FedEx from $240.00 to $244.00 and gave the stock a “neutral” rating in a research note on Friday, September 19th. Finally, The Goldman Sachs Group cut their target price on FedEx from $290.00 to $276.00 and set a “buy” rating on the stock in a research note on Friday, September 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 assigned a Sell rating to the company. According to MarketBeat.com, FedEx presently has a consensus rating of “Moderate Buy” and an average target price 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.