Savant Capital LLC Raises Stock Holdings in FedEx Corporation $FDX

Savant Capital LLC lifted its stake in shares of FedEx Corporation (NYSE:FDX) by 28.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 30,213 shares of the shipping service provider’s stock after acquiring an additional 6,730 shares during the period. Savant Capital LLC’s holdings in FedEx were worth $6,868,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. raised its position in FedEx by 24.3% in the second quarter. Oppenheimer Asset Management Inc. now owns 262,121 shares of the shipping service provider’s stock valued at $59,583,000 after purchasing an additional 51,294 shares during the period. Sivia Capital Partners LLC acquired a new stake in shares of FedEx in the second quarter valued at about $586,000. Sage Capital Advisors llc raised its holdings 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 buying an additional 20,024 shares during the period. Jackson Thornton Wealth Management LLC acquired a new position in FedEx during the 2nd quarter worth approximately $298,000. Finally, Value Partners Investments Inc. boosted its holdings in FedEx by 26.4% in the 2nd quarter. Value Partners Investments Inc. now owns 181,454 shares of the shipping service provider’s stock worth $41,247,000 after acquiring an additional 37,950 shares during the period. Institutional investors and hedge funds own 84.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on FDX shares. Stifel Nicolaus decreased their price objective on shares of FedEx from $308.00 to $296.00 and set a “buy” rating for the company in a research report on Wednesday, September 17th. Jefferies Financial Group lifted their price target on FedEx from $275.00 to $280.00 and gave the company a “buy” rating in a report on Friday, September 19th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of FedEx in a report on Friday, October 31st. BMO Capital Markets cut their target price on FedEx from $260.00 to $255.00 and set a “market perform” rating for the company in a research report on Friday, September 19th. Finally, Vertical Research cut their price target on shares of FedEx from $280.00 to $275.00 in a report on Friday, September 19th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $273.08.

FedEx Stock Up 1.4%

FDX stock opened at $262.48 on Friday. The company 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. FedEx Corporation has a 12-month low of $194.29 and a 12-month high of $308.53. The company has a quick ratio of 1.21, a current ratio of 1.25 and a debt-to-equity ratio of 0.73. The company has a 50 day moving average of $237.55 and a two-hundred day moving average of $229.92.

FedEx (NYSE:FDX) last posted its quarterly earnings results on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share 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 the consensus estimate of $21.74 billion. The business’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period last year, the business earned $3.60 EPS. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. On average, equities analysts anticipate 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.