Nordwand Advisors LLC Takes Position in FedEx Corporation $FDX

Nordwand Advisors LLC acquired a new position in shares of FedEx Corporation (NYSE:FDX) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 10,543 shares of the shipping service provider’s stock, valued at approximately $2,397,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake 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 purchasing an additional 289,655 shares during the period. Geode Capital Management LLC raised its holdings in shares of FedEx by 0.6% in the 2nd quarter. Geode Capital Management LLC now owns 4,947,670 shares of the shipping service provider’s stock worth $1,124,524,000 after buying an additional 28,450 shares in the last quarter. Valeo Financial Advisors LLC lifted its position in shares of 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. Invesco Ltd. boosted its stake in FedEx by 1.4% in the 1st quarter. Invesco Ltd. now owns 3,264,993 shares of the shipping service provider’s stock valued at $795,940,000 after buying an additional 43,989 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC grew its position in FedEx by 7.1% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 2,030,687 shares of the shipping service provider’s stock valued at $495,041,000 after acquiring an additional 135,290 shares during the period. Institutional investors own 84.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Daiwa Capital Markets lifted their price objective on FedEx from $232.00 to $240.00 and gave the company a “neutral” rating in a report on Monday, September 22nd. Vertical Research dropped their target price on shares of FedEx from $280.00 to $275.00 in a research report on Friday, September 19th. Sanford C. Bernstein boosted their price target on shares of FedEx from $247.00 to $250.00 and gave the company a “market perform” rating in a research report on Monday, September 22nd. Truist Financial set a $285.00 price objective on shares of FedEx in a report on Tuesday, October 14th. Finally, HSBC lifted their target price on shares of FedEx from $230.00 to $235.00 in a research note on Friday, September 19th. One investment 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, the company currently has an average rating of “Moderate Buy” and an average price target of $276.08.

FedEx Stock Performance

Shares of FedEx stock opened at $264.24 on Tuesday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.25 and a quick ratio of 1.21. The firm has a 50 day simple moving average of $242.22 and a 200 day simple moving average of $232.32. FedEx Corporation has a fifty-two week low of $194.29 and a fifty-two week high of $308.53. The firm has a market cap of $62.35 billion, a P/E ratio of 15.43, a P/E/G ratio of 1.48 and a beta of 1.31.

FedEx (NYSE:FDX) last posted its quarterly earnings data on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.71 by $0.12. The firm had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $21.74 billion. FedEx had a return on equity of 16.33% and a net margin of 4.65%.The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.60 EPS. 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 fiscal 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.