FedEx Corporation $FDX Shares Acquired by Wedbush Securities Inc.

Wedbush Securities Inc. raised its holdings in FedEx Corporation (NYSE:FDX) by 7.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,983 shares of the shipping service provider’s stock after acquiring an additional 454 shares during the quarter. Wedbush Securities Inc.’s holdings in FedEx were worth $1,587,000 as of its most recent filing with the SEC.

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

FedEx Trading Up 1.4%

Shares of FDX stock opened at $262.48 on Monday. The stock has a fifty day moving average of $237.55 and a two-hundred day moving average of $230.05. The firm has a market capitalization of $61.93 billion, a PE ratio of 15.32, a price-to-earnings-growth ratio of 1.46 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. FedEx Corporation has a 1 year low of $194.29 and a 1 year high of $308.53.

FedEx (NYSE:FDX) last released its 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 firm had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $21.74 billion. During the same quarter last year, the company earned $3.60 EPS. FedEx’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, research analysts expect that FedEx Corporation will post 19.14 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently commented on FDX shares. Truist Financial set a $285.00 price target on shares of FedEx in a research report on Tuesday, October 14th. Stifel Nicolaus dropped their target price on FedEx from $308.00 to $296.00 and set a “buy” rating on the stock in a report on Wednesday, September 17th. TD Cowen lifted their price target on shares of FedEx from $269.00 to $271.00 and gave the stock a “buy” rating in a research note on Friday, September 19th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $274.00 target price (down from $284.00) on shares of FedEx in a research report on Wednesday, October 8th. Finally, Evercore ISI cut their target price on shares of FedEx from $243.00 to $239.00 in a research note on Friday, September 19th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $273.08.

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.