SFE Investment Counsel Has $3.64 Million Stake in FedEx Corporation $FDX

SFE Investment Counsel increased its position in shares of FedEx Corporation (NYSE:FDX) by 9.1% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 16,027 shares of the shipping service provider’s stock after purchasing an additional 1,331 shares during the quarter. SFE Investment Counsel’s holdings in FedEx were worth $3,643,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analysts Set New Price Targets

A number of brokerages have issued reports on FDX. Bank of America increased their target price on shares of FedEx from $240.00 to $244.00 and gave the stock a “neutral” rating in a research report on Friday, September 19th. Raymond James Financial reiterated an “outperform” rating and issued a $255.00 price target on shares of FedEx in a research note on Thursday, September 18th. Jefferies Financial Group raised their price objective on FedEx from $275.00 to $280.00 and gave the stock a “buy” rating in a research note on Friday, September 19th. HSBC lifted their price objective on FedEx from $230.00 to $235.00 in a report on Friday, September 19th. Finally, Sanford C. Bernstein increased their target price on FedEx from $247.00 to $250.00 and gave the stock a “market perform” rating in a report on Monday, September 22nd. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $273.08.

FedEx Trading Up 1.4%

Shares of FDX opened at $262.48 on Friday. 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 Corporation has a 52-week low of $194.29 and a 52-week high of $308.53. The firm has a market cap of $61.93 billion, a price-to-earnings ratio of 15.32, a PEG ratio of 1.46 and a beta of 1.31. The business’s fifty day moving average is $237.55 and its 200-day moving average is $229.92.

FedEx (NYSE:FDX) last released its quarterly earnings data on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share for the quarter, beating 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 business had revenue of $22.20 billion for the quarter, compared to analyst estimates of $21.74 billion. During the same period last year, the firm posted $3.60 earnings per share. FedEx’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. Equities analysts anticipate 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.