FedEx Corporation $FDX Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. cut its holdings in shares of FedEx Corporation (NYSE:FDX) by 2.5% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 72,292 shares of the shipping service provider’s stock after selling 1,861 shares during the period. PNC Financial Services Group Inc.’s holdings in FedEx were worth $16,433,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. KBC Group NV raised its holdings in shares of FedEx by 2.1% during the second quarter. KBC Group NV now owns 318,274 shares of the shipping service provider’s stock valued at $72,347,000 after acquiring an additional 6,486 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in FedEx by 15.6% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 216,108 shares of the shipping service provider’s stock valued at $49,124,000 after purchasing an additional 29,214 shares in the last quarter. Ironwood Investment Counsel LLC boosted its stake in FedEx by 5.9% during the 2nd quarter. Ironwood Investment Counsel LLC now owns 2,225 shares of the shipping service provider’s stock worth $506,000 after purchasing an additional 124 shares during the last quarter. National Pension Service raised its position in shares of FedEx by 3.8% in the second quarter. National Pension Service now owns 609,813 shares of the shipping service provider’s stock valued at $138,617,000 after buying an additional 22,368 shares during the last quarter. Finally, IMA Advisory Services Inc. boosted its position in FedEx by 16.1% during the second quarter. IMA Advisory Services Inc. now owns 2,240 shares of the shipping service provider’s stock worth $512,000 after acquiring an additional 310 shares during the last quarter. Institutional investors and hedge funds own 84.47% of the company’s stock.

FedEx Stock Performance

Shares of FDX opened at $267.79 on Friday. The stock has a 50-day simple moving average of $241.43 and a 200-day simple moving average of $231.63. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.21 and a current ratio of 1.25. FedEx Corporation has a 1 year low of $194.29 and a 1 year high of $308.53. The stock has a market capitalization of $63.19 billion, a PE ratio of 15.63, a PEG ratio of 1.49 and a beta of 1.31.

FedEx (NYSE:FDX) last posted its quarterly 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 company had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $21.74 billion. During the same quarter in the previous year, the business posted $3.60 EPS. The firm’s revenue was up 3.1% on a year-over-year basis. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. On average, analysts predict that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on FDX shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of FedEx in a research report on Friday, October 31st. JPMorgan Chase & Co. reissued a “neutral” rating on shares of FedEx in a report on Thursday. Truist Financial set a $285.00 target price on shares of FedEx in a research note on Tuesday, October 14th. Sanford C. Bernstein raised their price target on shares of FedEx from $247.00 to $250.00 and gave the stock a “market perform” rating in a report on Monday, September 22nd. Finally, Wolfe Research increased their price objective on FedEx from $254.00 to $298.00 in a research report on Tuesday, October 7th. One equities 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $276.08.

FedEx 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.