Pinnacle Wealth Management Advisory Group LLC Sells 577 Shares of FedEx Corporation $FDX

Pinnacle Wealth Management Advisory Group LLC trimmed its position in shares of FedEx Corporation (NYSE:FDX) by 17.4% in the 2nd quarter, Holdings Channel.com reports. The firm owned 2,734 shares of the shipping service provider’s stock after selling 577 shares during the quarter. Pinnacle Wealth Management Advisory Group LLC’s holdings in FedEx were worth $621,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in FDX. Valeo Financial Advisors LLC raised its stake in FedEx by 28,080.9% in the 2nd quarter. Valeo Financial Advisors LLC now owns 3,743,557 shares of the shipping service provider’s stock valued at $850,948,000 after acquiring an additional 3,730,273 shares during the period. Nuveen LLC purchased a new stake in shares of FedEx during the 1st quarter valued at approximately $314,650,000. ACR Alpine Capital Research LLC lifted its stake in shares of FedEx by 85.9% during the 1st quarter. ACR Alpine Capital Research LLC now owns 1,585,033 shares of the shipping service provider’s stock valued at $386,399,000 after buying an additional 732,266 shares in the last quarter. Vanguard Group Inc. boosted its holdings in FedEx by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 20,489,161 shares of the shipping service provider’s stock worth $4,994,848,000 after buying an additional 289,655 shares during the period. Finally, Canada Pension Plan Investment Board grew its stake in FedEx by 302.6% in the 1st quarter. Canada Pension Plan Investment Board now owns 352,296 shares of the shipping service provider’s stock valued at $85,883,000 after buying an additional 264,792 shares in the last quarter. 84.47% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

FDX has been the topic of a number of analyst reports. Sanford C. Bernstein boosted their price objective on FedEx from $247.00 to $250.00 and gave the company a “market perform” rating in a research note on Monday, September 22nd. The Goldman Sachs Group cut their price objective on shares of FedEx from $290.00 to $276.00 and set a “buy” rating for the company in a research report on Friday, September 12th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of FedEx in a report on Friday, October 31st. Dbs Bank raised shares of FedEx from a “hold” rating to a “moderate buy” rating in a report on Thursday, August 21st. Finally, Daiwa Capital Markets upped their price target on shares of FedEx from $232.00 to $240.00 and gave the stock a “neutral” rating in a report on Monday, September 22nd. 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. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $273.08.

FedEx Trading Up 1.4%

Shares of FDX opened at $262.48 on Monday. FedEx Corporation has a fifty-two week low of $194.29 and a fifty-two week high of $308.53. The firm has a market cap of $61.93 billion, a price-to-earnings ratio of 15.32, a PEG ratio of 1.46 and a beta of 1.31. The firm has a 50 day moving average price of $237.55 and a 200-day moving average price of $230.05. 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 posted its quarterly earnings results on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.71 by $0.12. The business had revenue of $22.20 billion during the quarter, compared to analyst estimates of $21.74 billion. FedEx had a net margin of 4.65% and a return on equity of 16.33%. The company’s revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the business posted $3.60 earnings per share. 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 earnings per share for the current year.

FedEx Company 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.