Citizens Financial Group Inc. RI Has $712,000 Position in FedEx Corporation $FDX

Citizens Financial Group Inc. RI lifted its position in shares of FedEx Corporation (NYSE:FDX) by 132.8% in the second quarter, HoldingsChannel.com reports. The fund owned 3,131 shares of the shipping service provider’s stock after buying an additional 1,786 shares during the period. Citizens Financial Group Inc. RI’s holdings in FedEx were worth $712,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. NewSquare Capital LLC raised its position in FedEx by 121.8% during the second quarter. NewSquare Capital LLC now owns 122 shares of the shipping service provider’s stock valued at $28,000 after purchasing an additional 67 shares in the last quarter. WPG Advisers LLC acquired a new position in shares of FedEx during the 1st quarter worth $43,000. Cary Street Partners Investment Advisory LLC lifted its position in shares of FedEx by 60.7% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 188 shares of the shipping service provider’s stock worth $46,000 after buying an additional 71 shares during the last quarter. Motco boosted its stake in FedEx by 61.8% in the first quarter. Motco now owns 267 shares of the shipping service provider’s stock valued at $65,000 after buying an additional 102 shares in the last quarter. Finally, Rise Advisors LLC grew its position in FedEx by 21.0% in the first quarter. Rise Advisors LLC now owns 340 shares of the shipping service provider’s stock valued at $83,000 after acquiring an additional 59 shares during the last quarter. 84.47% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on FDX shares. Citigroup increased their target price on shares of FedEx from $279.00 to $310.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. Raymond James Financial reissued an “outperform” rating and issued a $255.00 price objective on shares of FedEx in a research note on Thursday, September 18th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of FedEx in a research note on Thursday, November 13th. Sanford C. Bernstein upped their price target on shares of FedEx from $247.00 to $250.00 and gave the stock a “market perform” rating in a report on Monday, September 22nd. Finally, Stephens reiterated an “overweight” rating and issued a $260.00 price target on shares of FedEx in a research note on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $276.08.

FedEx Stock Down 0.5%

Shares of NYSE FDX opened at $263.48 on Wednesday. The company has a 50 day simple moving average of $242.97 and a 200 day simple moving average of $232.63. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.25 and a quick ratio of 1.21. FedEx Corporation has a 1 year low of $194.29 and a 1 year high of $308.53. The firm has a market cap of $62.17 billion, a PE ratio of 15.38, a price-to-earnings-growth ratio of 1.47 and a beta of 1.31.

FedEx (NYSE:FDX) last announced its quarterly earnings results on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.71 by $0.12. The firm had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $21.74 billion. FedEx had a net margin of 4.65% and a return on equity of 16.33%. The company’s revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the company posted $3.60 EPS. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. On average, research analysts forecast that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Company 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.