IMA Advisory Services Inc. Has $512,000 Position in FedEx Corporation $FDX

IMA Advisory Services Inc. boosted its stake in shares of FedEx Corporation (NYSE:FDX) by 16.1% during the second quarter, HoldingsChannel.com reports. The firm owned 2,240 shares of the shipping service provider’s stock after acquiring an additional 310 shares during the period. IMA Advisory Services Inc.’s holdings in FedEx were worth $512,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Brighton Jones LLC increased its stake in shares of FedEx by 12.8% in the fourth quarter. Brighton Jones LLC now owns 1,825 shares of the shipping service provider’s stock worth $514,000 after acquiring an additional 207 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd purchased a new position in FedEx in the first quarter valued at about $596,000. First Command Advisory Services Inc. increased its position in FedEx by 8.9% in the 1st quarter. First Command Advisory Services Inc. now owns 1,839 shares of the shipping service provider’s stock worth $448,000 after purchasing an additional 151 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its position in FedEx by 4.9% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 2,028 shares of the shipping service provider’s stock worth $494,000 after purchasing an additional 95 shares during the last quarter. Finally, Schwarz Dygos Wheeler Investment Advisors LLC raised its stake in shares of FedEx by 1.3% during the 1st quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 3,873 shares of the shipping service provider’s stock worth $944,000 after purchasing an additional 51 shares in the last quarter. Institutional investors and hedge funds own 84.47% of the company’s stock.

FedEx Price Performance

Shares of NYSE:FDX opened at $267.93 on Wednesday. The company has a market cap of $63.22 billion, a price-to-earnings ratio of 15.64, a PEG ratio of 1.42 and a beta of 1.31. The business has a 50 day moving average price of $238.89 and a 200 day moving average price of $230.72. The company has a quick ratio of 1.21, a current ratio of 1.25 and a debt-to-equity ratio of 0.73. FedEx Corporation has a twelve month low of $194.29 and a twelve month high of $308.53.

FedEx (NYSE:FDX) last issued its quarterly earnings results on Thursday, September 18th. The shipping service provider reported $3.83 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 company had revenue of $22.20 billion during the quarter, compared to analyst estimates of $21.74 billion. During the same period in the previous year, the company earned $3.60 earnings per share. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. Research analysts predict that FedEx Corporation will post 19.14 earnings per share for the current year.

Analyst Upgrades and Downgrades

FDX has been the subject of several recent research reports. Jefferies Financial Group boosted their price target on FedEx from $275.00 to $280.00 and gave the company a “buy” rating in a research note on Friday, September 19th. Weiss Ratings reissued a “hold (c+)” rating on shares of FedEx in a research report on Friday, October 31st. BMO Capital Markets dropped their price target on shares of FedEx from $260.00 to $255.00 and set a “market perform” rating on the stock in a research note on Friday, September 19th. Evercore ISI reduced their price objective on shares of FedEx from $243.00 to $239.00 in a research note on Friday, September 19th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $274.00 price target (down previously from $284.00) on shares of FedEx in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, FedEx has an average rating of “Moderate Buy” and an average price target of $273.08.

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.