Spire Wealth Management Sells 440 Shares of FedEx Corporation $FDX

Spire Wealth Management cut its holdings in FedEx Corporation (NYSE:FDX) by 49.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 448 shares of the shipping service provider’s stock after selling 440 shares during the period. Spire Wealth Management’s holdings in FedEx were worth $102,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FDX. Brighton Jones LLC raised its position in FedEx by 12.8% in the 4th quarter. Brighton Jones LLC now owns 1,825 shares of the shipping service provider’s stock worth $514,000 after purchasing an additional 207 shares during the period. OneDigital Investment Advisors LLC boosted its stake in shares of FedEx by 17.0% during the first quarter. OneDigital Investment Advisors LLC now owns 4,139 shares of the shipping service provider’s stock valued at $1,009,000 after purchasing an additional 602 shares in the last quarter. Concurrent Investment Advisors LLC boosted its stake in FedEx by 53.7% in the first quarter. Concurrent Investment Advisors LLC now owns 3,729 shares of the shipping service provider’s stock valued at $909,000 after acquiring an additional 1,303 shares in the last quarter. Penserra Capital Management LLC boosted its stake in FedEx by 6.8% in the first quarter. Penserra Capital Management LLC now owns 4,188 shares of the shipping service provider’s stock valued at $1,020,000 after acquiring an additional 265 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in FedEx by 10.4% in the first quarter. Envestnet Asset Management Inc. now owns 349,006 shares of the shipping service provider’s stock valued at $85,081,000 after acquiring an additional 32,827 shares in the last quarter. 84.47% of the stock is owned by hedge funds and other institutional investors.

FedEx Price Performance

FedEx stock opened at $255.99 on Thursday. The firm has a market cap of $60.40 billion, a PE ratio of 14.94, a price-to-earnings-growth ratio of 1.40 and a beta of 1.31. FedEx Corporation has a 52-week low of $194.29 and a 52-week 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’s 50 day moving average is $236.37 and its two-hundred day moving average is $229.15.

FedEx (NYSE:FDX) last announced its quarterly earnings data on Thursday, September 18th. The shipping service provider reported $3.83 EPS for the quarter, beating analysts’ consensus estimates of $3.71 by $0.12. FedEx had a net margin of 4.65% and a return on equity of 16.33%. The company had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $21.74 billion. During the same period in the prior year, the firm posted $3.60 EPS. 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. On average, research analysts expect that FedEx Corporation will post 19.14 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Daiwa Capital Markets raised 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. TD Cowen upped their price objective on shares of FedEx from $269.00 to $271.00 and gave the stock a “buy” rating in a research report on Friday, September 19th. HSBC boosted their target price on shares of FedEx from $230.00 to $235.00 in a research note on Friday, September 19th. Raymond James Financial reissued an “outperform” rating and set a $255.00 target price on shares of FedEx in a research note on Thursday, September 18th. Finally, Dbs Bank upgraded shares of FedEx from a “hold” rating to a “moderate buy” rating in a research report on Thursday, August 21st. One equities research 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’s stock. According to data from MarketBeat.com, FedEx has an average rating of “Moderate Buy” and a consensus target price of $271.83.

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.