Empowered Funds LLC Purchases 25,265 Shares of FedEx Corporation $FDX

Empowered Funds LLC grew its holdings in FedEx Corporation (NYSE:FDX) by 245.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 35,576 shares of the shipping service provider’s stock after acquiring an additional 25,265 shares during the quarter. Empowered Funds LLC’s holdings in FedEx were worth $8,087,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of FDX. NewSquare Capital LLC raised its holdings in shares of 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 buying an additional 67 shares during the last quarter. WPG Advisers LLC acquired a new position in shares of FedEx in the 1st quarter valued at $43,000. Cary Street Partners Investment Advisory LLC raised its stake in FedEx by 60.7% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 188 shares of the shipping service provider’s stock worth $46,000 after acquiring an additional 71 shares during the last quarter. Motco lifted its position in FedEx by 61.8% during the 1st quarter. Motco now owns 267 shares of the shipping service provider’s stock worth $65,000 after acquiring an additional 102 shares during the period. Finally, Rise Advisors LLC grew its stake in FedEx by 21.0% during 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 during the last quarter. Hedge funds and other institutional investors own 84.47% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on FDX. TD Cowen raised their price objective on FedEx from $269.00 to $271.00 and gave the stock a “buy” rating in a research note on Friday, September 19th. HSBC lifted their price objective on shares of FedEx from $230.00 to $235.00 in a research note on Friday, September 19th. Stephens reiterated an “overweight” rating and issued a $260.00 price objective on shares of FedEx in a research note on Tuesday, October 14th. The Goldman Sachs Group decreased their target price 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. Finally, Dbs Bank raised FedEx from a “hold” rating to a “moderate buy” rating in a research report on Thursday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $276.08.

FedEx Trading Down 0.2%

Shares of NYSE:FDX opened at $262.65 on Thursday. The company has a market cap of $61.98 billion, a PE ratio of 15.33, a P/E/G ratio of 1.36 and a beta of 1.31. The company’s 50 day moving average is $243.71 and its two-hundred day moving average is $232.84. The company has a current ratio of 1.25, a quick ratio of 1.21 and a debt-to-equity ratio of 0.73. FedEx Corporation has a 52 week low of $194.29 and a 52 week high of $308.53.

FedEx (NYSE:FDX) last issued its quarterly earnings data on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share for the quarter, topping 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 business had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $21.74 billion. During the same quarter in the previous year, the firm earned $3.60 EPS. The company’s 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. Equities analysts predict that FedEx Corporation will post 19.14 earnings per share for the current fiscal 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.