KCM Investment Advisors LLC Increases Stock Position in FedEx Corporation $FDX

KCM Investment Advisors LLC boosted its holdings in FedEx Corporation (NYSE:FDX) by 4.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,823 shares of the shipping service provider’s stock after purchasing an additional 278 shares during the quarter. KCM Investment Advisors LLC’s holdings in FedEx were worth $1,551,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. NewSquare Capital LLC increased its stake in FedEx by 121.8% in 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 during the period. WPG Advisers LLC acquired a new stake in shares of FedEx during the first quarter worth about $43,000. Cary Street Partners Investment Advisory LLC grew its holdings in shares of 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 buying an additional 71 shares during the last quarter. Motco increased its position in FedEx by 61.8% in the 1st quarter. Motco now owns 267 shares of the shipping service provider’s stock valued at $65,000 after acquiring an additional 102 shares during the period. Finally, Rise Advisors LLC raised 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 acquiring an additional 59 shares during the last quarter. Institutional investors and hedge funds own 84.47% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Wolfe Research lifted their target price on FedEx from $254.00 to $298.00 in a research note on Tuesday, October 7th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $274.00 price objective (down from $284.00) on shares of FedEx in a research report on Wednesday, October 8th. Dbs Bank upgraded shares of FedEx from a “hold” rating to a “moderate buy” rating in a research report on Thursday, August 21st. Evercore ISI reduced their target price on shares of FedEx from $243.00 to $239.00 in a research note on Friday, September 19th. Finally, The Goldman Sachs Group dropped their price target on shares of FedEx from $290.00 to $276.00 and set a “buy” rating on the stock in a research note on Friday, September 12th. One investment 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 given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $273.08.

FedEx Price Performance

Shares of NYSE FDX opened at $262.48 on Friday. The firm has a market capitalization of $61.93 billion, a P/E ratio of 15.32, a PEG ratio of 1.46 and a beta of 1.31. FedEx Corporation has a one year low of $194.29 and a one year high of $308.53. The company’s fifty day moving average is $237.55 and its two-hundred day moving average is $229.92. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.21 and a current ratio of 1.25.

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 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 business had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $21.74 billion. During the same quarter last year, the firm posted $3.60 EPS. The business’s 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. Analysts forecast that FedEx Corporation will post 19.14 EPS for the current fiscal 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.