National Pension Service Purchases 22,368 Shares of FedEx Corporation $FDX

National Pension Service boosted its position in FedEx Corporation (NYSE:FDX) by 3.8% in the 2nd quarter, HoldingsChannel reports. The firm owned 609,813 shares of the shipping service provider’s stock after acquiring an additional 22,368 shares during the period. National Pension Service’s holdings in FedEx were worth $138,617,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in FDX. Valeo Financial Advisors LLC grew its holdings in FedEx by 28,080.9% in the 2nd quarter. Valeo Financial Advisors LLC now owns 3,743,557 shares of the shipping service provider’s stock valued at $850,948,000 after buying an additional 3,730,273 shares in the last quarter. Nuveen LLC acquired a new stake in FedEx in the 1st quarter worth about $314,650,000. ACR Alpine Capital Research LLC boosted its holdings in FedEx by 85.9% in the 1st quarter. ACR Alpine Capital Research LLC now owns 1,585,033 shares of the shipping service provider’s stock valued at $386,399,000 after purchasing an additional 732,266 shares during the period. Vanguard Group Inc. grew its position in shares of FedEx by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 20,489,161 shares of the shipping service provider’s stock worth $4,994,848,000 after purchasing an additional 289,655 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its holdings in shares of FedEx by 302.6% during the first quarter. Canada Pension Plan Investment Board now owns 352,296 shares of the shipping service provider’s stock worth $85,883,000 after purchasing an additional 264,792 shares during the period. Institutional investors own 84.47% of the company’s stock.

FedEx Price Performance

Shares of NYSE:FDX opened at $268.88 on Thursday. The firm has a market cap of $63.44 billion, a PE ratio of 15.70, a price-to-earnings-growth ratio of 1.49 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 firm’s fifty day moving average is $239.77 and its 200-day moving average is $230.99. 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 released its quarterly earnings results 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 return on equity of 16.33% and a net margin of 4.65%.The firm had revenue of $22.20 billion for the quarter, compared to analyst estimates of $21.74 billion. During the same quarter in the previous year, the company posted $3.60 EPS. The business’s revenue was up 3.1% on a year-over-year basis. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. Sell-side analysts predict that FedEx Corporation will post 19.14 earnings per share for the current year.

Analyst Upgrades and Downgrades

FDX has been the subject of a number of recent analyst reports. Wells Fargo & Company upped their target price on FedEx from $250.00 to $280.00 and gave the company an “equal weight” rating in a research report on Friday, November 7th. Bank of America raised their target price on shares of FedEx from $240.00 to $244.00 and gave the company a “neutral” rating in a report on Friday, September 19th. Citigroup increased their price target on shares of FedEx from $275.00 to $279.00 and gave the stock a “buy” rating in a research report on Friday, September 19th. Truist Financial set a $285.00 target price on FedEx in a research note on Tuesday, October 14th. Finally, Susquehanna lifted their price target on FedEx from $285.00 to $300.00 and gave the company a “positive” rating in a research note on Friday, September 19th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, FedEx has a consensus rating of “Moderate Buy” and an average target price of $273.08.

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.