FedEx Corporation $FDX Shares Purchased by ProShare Advisors LLC

ProShare Advisors LLC lifted its holdings in FedEx Corporation (NYSE:FDX) by 12.7% during the second quarter, Holdings Channel reports. The institutional investor owned 38,047 shares of the shipping service provider’s stock after purchasing an additional 4,288 shares during the quarter. ProShare Advisors LLC’s holdings in FedEx were worth $8,648,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Oppenheimer Asset Management Inc. increased its stake in shares of FedEx by 24.3% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 262,121 shares of the shipping service provider’s stock worth $59,583,000 after purchasing an additional 51,294 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in FedEx during the second quarter worth approximately $586,000. Sage Capital Advisors llc boosted its holdings in shares of FedEx by 136.5% during the second quarter. Sage Capital Advisors llc now owns 34,697 shares of the shipping service provider’s stock worth $7,887,000 after purchasing an additional 20,024 shares during the last quarter. Jackson Thornton Wealth Management LLC purchased a new position in FedEx during the second quarter worth about $298,000. Finally, Value Partners Investments Inc. increased its stake in shares of FedEx by 26.4% during the 2nd quarter. Value Partners Investments Inc. now owns 181,454 shares of the shipping service provider’s stock valued at $41,247,000 after acquiring an additional 37,950 shares during the last quarter. Hedge funds and other institutional investors own 84.47% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on FDX shares. 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 research report on Monday, September 22nd. Stifel Nicolaus cut their target price on FedEx from $308.00 to $296.00 and set a “buy” rating on the stock in a research report on Wednesday, September 17th. Stephens reiterated an “overweight” rating and issued a $260.00 target price on shares of FedEx in a report on Tuesday, October 14th. Evercore ISI dropped their price target on FedEx from $243.00 to $239.00 in a research note on Friday, September 19th. Finally, Wells Fargo & Company raised their price objective on FedEx from $250.00 to $280.00 and gave the stock an “equal weight” rating in a report on Friday, November 7th. One equities 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 issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $273.08.

FedEx Stock Up 0.4%

Shares of NYSE FDX opened at $268.88 on Thursday. The stock has a fifty day moving average price of $239.77 and a 200 day moving average price of $230.99. 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 12-month low of $194.29 and a 12-month high of $308.53. The company has a market cap of $63.44 billion, a P/E ratio of 15.70, a P/E/G ratio of 1.49 and a beta of 1.31.

FedEx (NYSE:FDX) last issued its earnings results 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. The company had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $21.74 billion. FedEx had a return on equity of 16.33% and a net margin of 4.65%.The company’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.60 earnings per share. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. Research analysts anticipate that FedEx Corporation will post 19.14 EPS 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.