Moors & Cabot Inc. Boosts Stock Holdings in FedEx Corporation $FDX

Moors & Cabot Inc. increased its position in shares of FedEx Corporation (NYSE:FDX) by 63.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,878 shares of the shipping service provider’s stock after buying an additional 1,122 shares during the period. Moors & Cabot Inc.’s holdings in FedEx were worth $654,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. NewSquare Capital LLC raised its position in shares of FedEx by 121.8% in the second quarter. NewSquare Capital LLC now owns 122 shares of the shipping service provider’s stock worth $28,000 after acquiring an additional 67 shares during the period. WPG Advisers LLC purchased a new position in shares of FedEx in the 1st quarter valued at about $43,000. Cary Street Partners Investment Advisory LLC raised its holdings in FedEx by 60.7% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 188 shares of the shipping service provider’s stock worth $46,000 after purchasing an additional 71 shares during the period. Motco raised its holdings in FedEx by 61.8% in the 1st quarter. Motco now owns 267 shares of the shipping service provider’s stock worth $65,000 after purchasing an additional 102 shares during the period. Finally, Rise Advisors LLC boosted its position in FedEx by 21.0% during the first quarter. Rise Advisors LLC now owns 340 shares of the shipping service provider’s stock worth $83,000 after purchasing an additional 59 shares in the last quarter. Institutional investors and hedge funds own 84.47% of the company’s stock.

FedEx Price Performance

Shares of NYSE FDX opened at $262.48 on Friday. The firm has a 50-day simple moving average of $237.55 and a 200-day simple moving average of $229.76. The company has a quick ratio of 1.21, a current ratio of 1.25 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $61.93 billion, a price-to-earnings ratio of 15.32, a price-to-earnings-growth ratio of 1.44 and a beta of 1.31. FedEx Corporation has a 52 week low of $194.29 and a 52 week high of $308.53.

FedEx (NYSE:FDX) last posted its quarterly earnings results on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share for the quarter, topping 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 firm had revenue of $22.20 billion for the quarter, compared to analyst estimates of $21.74 billion. During the same period in the previous year, the business posted $3.60 earnings per share. FedEx’s quarterly revenue was up 3.1% on a year-over-year basis. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. On average, equities analysts predict that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on FDX. BMO Capital Markets cut their price objective on FedEx from $260.00 to $255.00 and set a “market perform” rating for the company in a research report on Friday, September 19th. Citigroup boosted their price target on shares of FedEx from $275.00 to $279.00 and gave the stock a “buy” rating in a report on Friday, September 19th. JPMorgan Chase & Co. restated a “neutral” rating and set a $274.00 price objective (down from $284.00) on shares of FedEx in a research report on Wednesday, October 8th. Raymond James Financial reiterated an “outperform” rating and issued a $255.00 target price on shares of FedEx in a research report on Thursday, September 18th. Finally, The Goldman Sachs Group cut their target price on shares of FedEx from $290.00 to $276.00 and set a “buy” rating for the company in a research note on Friday, September 12th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, FedEx presently has an average rating of “Moderate Buy” and a consensus 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.