Intech Investment Management LLC Has $35.38 Million Stake in FedEx Corporation $FDX

Intech Investment Management LLC grew its stake in shares of FedEx Corporation (NYSE:FDX) by 339.6% during the second quarter, Holdings Channel.com reports. The institutional investor owned 155,640 shares of the shipping service provider’s stock after acquiring an additional 120,232 shares during the quarter. Intech Investment Management LLC’s holdings in FedEx were worth $35,379,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. NewSquare Capital LLC raised its position in shares of FedEx by 121.8% in the 2nd quarter. NewSquare Capital LLC now owns 122 shares of the shipping service provider’s stock valued at $28,000 after acquiring an additional 67 shares during the period. WPG Advisers LLC bought a new stake in FedEx in the first quarter valued at approximately $43,000. Cary Street Partners Investment Advisory LLC increased its stake in FedEx by 60.7% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 188 shares of the shipping service provider’s stock valued at $46,000 after purchasing an additional 71 shares in the last quarter. Motco raised its holdings 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 position in shares of FedEx by 21.0% during the first quarter. Rise Advisors LLC now owns 340 shares of the shipping service provider’s stock worth $83,000 after purchasing an additional 59 shares in the last quarter. 84.47% of the stock is currently owned by institutional investors and hedge funds.

FedEx Stock Performance

FDX opened at $267.79 on Friday. The company has a market capitalization of $63.19 billion, a price-to-earnings ratio of 15.63, a P/E/G ratio of 1.49 and a beta of 1.31. The business’s 50-day moving average price is $241.43 and its two-hundred day moving average price is $231.63. FedEx Corporation has a 1 year low of $194.29 and a 1 year high of $308.53. 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 (NYSE:FDX) last posted its quarterly earnings data 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 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 analysts’ expectations of $21.74 billion. During the same period in the prior year, the firm earned $3.60 earnings per share. FedEx’s revenue for the quarter was up 3.1% compared to the same quarter last year. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. Equities analysts expect that FedEx Corporation will post 19.14 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on FDX. Jefferies Financial Group upped their price objective on shares of FedEx from $275.00 to $280.00 and gave the company a “buy” rating in a research report on Friday, September 19th. Citigroup lifted their target price on FedEx from $279.00 to $310.00 and gave the stock a “buy” rating in a report on Thursday. BMO Capital Markets lowered their price target on FedEx from $260.00 to $255.00 and set a “market perform” rating for the company in a report on Friday, September 19th. Truist Financial set a $285.00 price target on FedEx in a research report on Tuesday, October 14th. Finally, Stifel Nicolaus cut their price objective on FedEx from $308.00 to $296.00 and set a “buy” rating on the stock in a report on Wednesday, September 17th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $276.08.

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.