FedEx Corporation $FDX Shares Acquired by Moors & Cabot Inc.

Moors & Cabot Inc. increased its position in shares of FedEx Corporation (NYSE:FDX) by 63.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,878 shares of the shipping service provider’s stock after acquiring an additional 1,122 shares during the quarter. Moors & Cabot Inc.’s holdings in FedEx were worth $654,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of FDX. Oppenheimer Asset Management Inc. boosted its holdings in FedEx by 24.3% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 262,121 shares of the shipping service provider’s stock valued at $59,583,000 after acquiring an additional 51,294 shares during the period. Sivia Capital Partners LLC acquired a new stake in shares of FedEx during the second quarter worth about $586,000. Sage Capital Advisors llc boosted its stake in shares of FedEx by 136.5% in the second quarter. Sage Capital Advisors llc now owns 34,697 shares of the shipping service provider’s stock valued at $7,887,000 after purchasing an additional 20,024 shares during the period. Jackson Thornton Wealth Management LLC acquired a new position in shares of FedEx in the second quarter valued at approximately $298,000. Finally, Value Partners Investments Inc. increased its stake in FedEx by 26.4% during the 2nd quarter. Value Partners Investments Inc. now owns 181,454 shares of the shipping service provider’s stock worth $41,247,000 after buying an additional 37,950 shares during the period. Hedge funds and other institutional investors own 84.47% of the company’s stock.

FedEx Stock Performance

Shares of FDX stock opened at $262.48 on Friday. The stock’s 50-day moving average is $237.55 and its two-hundred day moving average is $229.76. 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 1 year low of $194.29 and a 1 year 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 1.44 and a beta of 1.31.

FedEx (NYSE:FDX) last announced its 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. The firm had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $21.74 billion. FedEx had a return on equity of 16.33% and a net margin of 4.65%.The business’s revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the firm earned $3.60 EPS. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. Analysts predict that FedEx Corporation will post 19.14 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on FDX shares. Raymond James Financial reissued an “outperform” rating and issued a $255.00 price target on shares of FedEx in a research report on Thursday, September 18th. Truist Financial set a $285.00 target price on FedEx in a report on Tuesday, October 14th. Bank of America increased their price target on FedEx from $240.00 to $244.00 and gave the company a “neutral” rating in a research report on Friday, September 19th. Citigroup lifted their price objective on FedEx from $275.00 to $279.00 and gave the company a “buy” rating in a research note on Friday, September 19th. Finally, Evercore ISI cut their target price on shares of FedEx from $243.00 to $239.00 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 given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $273.08.

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.