Twin Capital Management Inc. Purchases New Position in FedEx Corporation $FDX

Twin Capital Management Inc. bought a new stake in shares of FedEx Corporation (NYSE:FDX) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 2,054 shares of the shipping service provider’s stock, valued at approximately $467,000.

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

Analysts Set New Price Targets

A number of analysts have commented on the stock. HSBC upped their target price on shares of FedEx from $230.00 to $235.00 in a report on Friday, September 19th. Daiwa Capital Markets raised their target price on FedEx from $232.00 to $240.00 and gave the stock a “neutral” rating in a report on Monday, September 22nd. Wolfe Research boosted their price target on FedEx from $254.00 to $298.00 in a report on Tuesday, October 7th. Citigroup lifted their price objective on FedEx from $275.00 to $279.00 and gave the company a “buy” rating in a research report on Friday, September 19th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $274.00 target price (down previously from $284.00) on shares of FedEx in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $271.83.

FedEx Trading Up 1.1%

FedEx stock opened at $258.85 on Friday. 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 firm’s 50 day moving average price is $236.92 and its 200-day moving average price is $229.36. FedEx Corporation has a 1 year low of $194.29 and a 1 year high of $308.53. The stock has a market cap of $61.08 billion, a P/E ratio of 15.11, a PEG ratio of 1.43 and a beta of 1.31.

FedEx (NYSE:FDX) last announced 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. The business had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $21.74 billion. FedEx had a net margin of 4.65% and a return on equity of 16.33%. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.60 EPS. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. On average, equities analysts predict that FedEx Corporation will post 19.14 earnings per share 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.