Westwood Holdings Group Inc. Purchases 4,492 Shares of FedEx Corporation $FDX

Westwood Holdings Group Inc. raised its position in shares of FedEx Corporation (NYSE:FDX) by 8.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 59,958 shares of the shipping service provider’s stock after buying an additional 4,492 shares during the quarter. Westwood Holdings Group Inc.’s holdings in FedEx were worth $13,629,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. lifted its position in FedEx by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 20,489,161 shares of the shipping service provider’s stock valued at $4,994,848,000 after acquiring an additional 289,655 shares during the period. Geode Capital Management LLC lifted its holdings in shares of FedEx by 0.6% during the second quarter. Geode Capital Management LLC now owns 4,947,670 shares of the shipping service provider’s stock valued at $1,124,524,000 after purchasing an additional 28,450 shares during the last quarter. Valeo Financial Advisors LLC lifted its holdings in shares of FedEx by 28,080.9% during the second quarter. Valeo Financial Advisors LLC now owns 3,743,557 shares of the shipping service provider’s stock valued at $850,948,000 after purchasing an additional 3,730,273 shares during the last quarter. Invesco Ltd. boosted its position in shares of FedEx by 1.4% in the 1st quarter. Invesco Ltd. now owns 3,264,993 shares of the shipping service provider’s stock worth $795,940,000 after purchasing an additional 43,989 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC grew its stake in shares of FedEx by 7.1% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 2,030,687 shares of the shipping service provider’s stock worth $495,041,000 after buying an additional 135,290 shares during the last quarter. 84.47% of the stock is owned by hedge funds and other institutional investors.

FedEx Price Performance

Shares of FDX opened at $267.79 on Friday. The firm has a fifty day simple moving average of $241.43 and a two-hundred day simple moving average of $231.79. The firm has a market cap of $63.19 billion, a PE ratio of 15.63, a P/E/G ratio of 1.49 and a beta of 1.31. The company has a current ratio of 1.25, a quick ratio of 1.21 and a debt-to-equity ratio of 0.73. FedEx Corporation has a 1-year low of $194.29 and a 1-year high of $308.53.

FedEx (NYSE:FDX) last posted its quarterly earnings data 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. The company 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%.FedEx’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 earnings per share. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. On average, equities analysts anticipate that FedEx Corporation will post 19.14 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. BMO Capital Markets dropped their target price on FedEx from $260.00 to $255.00 and set a “market perform” rating on the stock in a report on Friday, September 19th. TD Cowen upped their price target on shares of FedEx from $269.00 to $271.00 and gave the stock a “buy” rating in a research note on Friday, September 19th. Vertical Research reduced their price objective on shares of FedEx from $280.00 to $275.00 in a research note on Friday, September 19th. HSBC upped their target price on shares of FedEx from $230.00 to $235.00 in a research note on Friday, September 19th. Finally, The Goldman Sachs Group reduced their price target on shares of FedEx from $290.00 to $276.00 and set a “buy” rating for the company in a research report on Friday, September 12th. One investment 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 assigned a Sell rating to the company. According to MarketBeat.com, FedEx presently has a consensus rating of “Moderate Buy” and an average price target of $276.08.

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.