FedEx Corporation $FDX Shares Sold by Thoroughbred Financial Services LLC

Thoroughbred Financial Services LLC trimmed its holdings in shares of FedEx Corporation (NYSE:FDX) by 46.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,010 shares of the shipping service provider’s stock after selling 2,653 shares during the period. Thoroughbred Financial Services LLC’s holdings in FedEx were worth $684,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of FDX. NewSquare Capital LLC raised its position in FedEx by 121.8% in the second quarter. NewSquare Capital LLC now owns 122 shares of the shipping service provider’s stock worth $28,000 after acquiring an additional 67 shares in the last quarter. WPG Advisers LLC purchased a new stake in shares of FedEx during the 1st quarter worth $43,000. Cary Street Partners Investment Advisory LLC boosted its position in shares of FedEx by 60.7% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 188 shares of the shipping service provider’s stock worth $46,000 after purchasing an additional 71 shares in the last quarter. Motco grew its stake in shares of FedEx by 61.8% during the 1st quarter. Motco now owns 267 shares of the shipping service provider’s stock worth $65,000 after purchasing an additional 102 shares during the period. Finally, Rise Advisors LLC increased its holdings in shares of FedEx by 21.0% in the 1st quarter. Rise Advisors LLC now owns 340 shares of the shipping service provider’s stock valued at $83,000 after purchasing an additional 59 shares in the last quarter. 84.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on FDX. Weiss Ratings reissued a “hold (c+)” rating on shares of FedEx in a report on Friday, October 31st. Stephens reissued an “overweight” rating and set a $260.00 price target on shares of FedEx in a research note on Tuesday, October 14th. Citigroup upped their price target on FedEx from $279.00 to $310.00 and gave the stock a “buy” rating in a report on Thursday. Sanford C. Bernstein lifted their price objective on FedEx from $247.00 to $250.00 and gave the stock a “market perform” rating in a report on Monday, September 22nd. Finally, Jefferies Financial Group boosted their target price on FedEx from $275.00 to $280.00 and gave the stock a “buy” rating in a research report on Friday, September 19th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, FedEx has a consensus rating of “Moderate Buy” and an average price target of $276.08.

FedEx Stock Down 0.2%

Shares of NYSE FDX opened at $267.04 on Monday. The firm has a market cap of $63.01 billion, a P/E ratio of 15.59, a price-to-earnings-growth ratio of 1.48 and a beta of 1.31. The firm’s 50 day moving average price is $241.43 and its 200 day moving average price is $231.94. FedEx Corporation has a 1 year low of $194.29 and a 1 year 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 issued its quarterly 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. FedEx had a return on equity of 16.33% and a net margin of 4.65%.The firm had revenue of $22.20 billion for the quarter, compared to analyst estimates of $21.74 billion. During the same period last year, the company earned $3.60 EPS. The firm’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. As a group, sell-side analysts anticipate that FedEx Corporation will post 19.14 earnings per share for the current year.

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.