Letko Brosseau & Associates Inc. Raises Position in FedEx Corporation $FDX

Letko Brosseau & Associates Inc. raised its holdings in shares of FedEx Corporation (NYSE:FDX) by 7.0% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 208,982 shares of the shipping service provider’s stock after acquiring an additional 13,687 shares during the period. Letko Brosseau & Associates Inc.’s holdings in FedEx were worth $47,504,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Brighton Jones LLC lifted its holdings in shares of FedEx by 12.8% during the 4th quarter. Brighton Jones LLC now owns 1,825 shares of the shipping service provider’s stock worth $514,000 after acquiring an additional 207 shares during the last quarter. Bailard Inc. bought a new stake in FedEx during the first quarter worth about $215,000. Private Advisor Group LLC boosted its holdings in shares of FedEx by 1.7% in the 1st quarter. Private Advisor Group LLC now owns 18,897 shares of the shipping service provider’s stock worth $4,607,000 after purchasing an additional 319 shares in the last quarter. FAS Wealth Partners Inc. increased its position in shares of FedEx by 5.5% during the 1st quarter. FAS Wealth Partners Inc. now owns 8,772 shares of the shipping service provider’s stock valued at $2,139,000 after purchasing an additional 458 shares during the last quarter. Finally, Kestra Private Wealth Services LLC raised its holdings in shares of FedEx by 0.9% during the 1st quarter. Kestra Private Wealth Services LLC now owns 14,551 shares of the shipping service provider’s stock valued at $3,547,000 after buying an additional 135 shares in the last quarter. Institutional investors own 84.47% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on FDX shares. Evercore ISI decreased their price target on shares of FedEx from $243.00 to $239.00 in a research note on Friday, September 19th. Jefferies Financial Group increased their target price on FedEx from $275.00 to $280.00 and gave the company a “buy” rating in a report on Friday, September 19th. UBS Group increased their price objective on FedEx from $293.00 to $314.00 and gave the company a “buy” rating in a research note on Friday, September 19th. Vertical Research dropped their price target on shares of FedEx from $280.00 to $275.00 in a research report on Friday, September 19th. Finally, Truist Financial set a $285.00 price target on FedEx in a research report on Tuesday, October 14th. One investment 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 stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $276.08.

FedEx Stock Up 0.2%

Shares of NYSE:FDX opened at $267.79 on Friday. The firm has a market capitalization of $63.19 billion, a P/E ratio of 15.63, a P/E/G ratio of 1.49 and a beta of 1.31. 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 stock has a 50 day moving average price of $241.43 and a 200-day moving average price of $231.79. FedEx Corporation has a 52-week low of $194.29 and a 52-week high of $308.53.

FedEx (NYSE:FDX) last issued its quarterly earnings results on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share for the quarter, topping the consensus estimate of $3.71 by $0.12. The company had revenue of $22.20 billion for 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%.The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the prior year, the firm earned $3.60 earnings per share. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. As a group, equities research analysts anticipate that FedEx Corporation will post 19.14 EPS for the current fiscal year.

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.