FedEx Corporation $FDX Shares Acquired by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in FedEx Corporation (NYSE:FDX) by 6.7% during the second quarter, HoldingsChannel.com reports. The fund owned 54,062 shares of the shipping service provider’s stock after acquiring an additional 3,389 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in FedEx were worth $12,289,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. boosted its stake in shares of FedEx by 24.3% in the second quarter. Oppenheimer Asset Management Inc. now owns 262,121 shares of the shipping service provider’s stock valued at $59,583,000 after purchasing an additional 51,294 shares during the period. Sivia Capital Partners LLC purchased a new stake in FedEx during the 2nd quarter worth approximately $586,000. Sage Capital Advisors llc lifted its holdings in FedEx by 136.5% during the 2nd quarter. Sage Capital Advisors llc now owns 34,697 shares of the shipping service provider’s stock worth $7,887,000 after buying an additional 20,024 shares in the last quarter. Jackson Thornton Wealth Management LLC purchased a new position in FedEx in the 2nd quarter valued at approximately $298,000. Finally, Value Partners Investments Inc. grew its stake in shares of FedEx by 26.4% in the second quarter. Value Partners Investments Inc. now owns 181,454 shares of the shipping service provider’s stock worth $41,247,000 after acquiring an additional 37,950 shares in the last quarter. 84.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on FDX. Truist Financial set a $285.00 price objective on FedEx in a research note on Tuesday, October 14th. Vertical Research cut their price target on FedEx from $280.00 to $275.00 in a report on Friday, September 19th. Susquehanna increased their price target on FedEx from $285.00 to $300.00 and gave the company a “positive” rating in a research report on Friday, September 19th. Dbs Bank raised FedEx from a “hold” rating to a “moderate buy” rating in a research report on Thursday, August 21st. Finally, The Goldman Sachs Group cut their target price on shares of 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 given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, FedEx presently has a consensus rating of “Moderate Buy” and an average target price of $276.08.

FedEx Price Performance

Shares of NYSE FDX opened at $267.79 on Monday. The stock’s 50-day simple moving average is $241.43 and its 200-day simple moving average is $231.94. The firm has a market capitalization of $63.19 billion, a PE ratio of 15.63, a price-to-earnings-growth ratio of 1.48 and a beta of 1.31. FedEx Corporation has a fifty-two week low of $194.29 and a fifty-two 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.

FedEx (NYSE:FDX) last announced its quarterly earnings results on Thursday, September 18th. The shipping service provider reported $3.83 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $21.74 billion. During the same period in the prior year, the firm posted $3.60 earnings per share. 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. As a group, equities research analysts forecast 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.