FedEx Corporation $FDX Stock Position Lifted by Bailard Inc.

Bailard Inc. grew its holdings in shares of FedEx Corporation (NYSE:FDX) by 120.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,945 shares of the shipping service provider’s stock after purchasing an additional 1,063 shares during the period. Bailard Inc.’s holdings in FedEx were worth $442,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. NewSquare Capital LLC raised its position in shares of FedEx by 121.8% during the 2nd quarter. NewSquare Capital LLC now owns 122 shares of the shipping service provider’s stock worth $28,000 after buying an additional 67 shares in the last quarter. WPG Advisers LLC acquired a new position in shares of FedEx during the first quarter valued at approximately $43,000. Cary Street Partners Investment Advisory LLC raised its holdings in FedEx by 60.7% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 188 shares of the shipping service provider’s stock worth $46,000 after purchasing an additional 71 shares in the last quarter. Motco lifted its position in FedEx by 61.8% in the first quarter. Motco now owns 267 shares of the shipping service provider’s stock worth $65,000 after purchasing an additional 102 shares during the period. Finally, Rise Advisors LLC boosted 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 in the last quarter. Institutional investors and hedge funds own 84.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on FDX. Wells Fargo & Company boosted their price objective on FedEx from $250.00 to $280.00 and gave the stock an “equal weight” rating in a research note on Friday, November 7th. 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 report on Friday, September 19th. Evercore ISI reduced their price objective on shares of FedEx from $243.00 to $239.00 in a research report on Friday, September 19th. Raymond James Financial reiterated an “outperform” rating and issued a $255.00 target price on shares of FedEx in a report on Thursday, September 18th. Finally, UBS Group raised their target price on shares of FedEx from $293.00 to $314.00 and gave the stock a “buy” rating in a report on Friday, September 19th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $276.08.

FedEx Price Performance

NYSE FDX opened at $267.79 on Friday. 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 1 year low of $194.29 and a 1 year high of $308.53. The company has a market cap of $63.19 billion, a PE ratio of 15.63, a PEG ratio of 1.49 and a beta of 1.31. The stock’s 50-day moving average price is $241.43 and its two-hundred day moving average price is $231.79.

FedEx (NYSE:FDX) last released 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. FedEx had a net margin of 4.65% and a return on equity of 16.33%. The business had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $21.74 billion. During the same period last year, the firm posted $3.60 earnings per share. The firm’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, analysts predict that FedEx Corporation will post 19.14 EPS for the current 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.