FedEx
About: FedEx pioneered overnight delivery in 1973 and remains the world's largest express package provider. In its fiscal 2024, which ended in May, FedEx derived 47% of revenue from its express division, 37% from ground, and 10% from freight, its asset-based less-than-truckload shipping segment. The remainder came from other services, including FedEx Office, which provides document production/shipping, and FedEx Logistics, which provides global forwarding. FedEx acquired Dutch parcel delivery firm TNT Express in 2016, boosting its presence across Europe. TNT was previously the fourth-largest global parcel delivery provider.
Employees: 823,600
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
9% less repeat investments, than reductions
Existing positions increased: 607 | Existing positions reduced: 666
3.07% less ownership
Funds ownership: 81.38% [Q2] → 78.32% (-3.07%) [Q3]
4% less funds holding
Funds holding: 1,747 [Q2] → 1,680 (-67) [Q3]
13% less capital invested
Capital invested by funds: $60B [Q2] → $52.1B (-$7.93B) [Q3]
19% less call options, than puts
Call options by funds: $2.02B | Put options by funds: $2.51B
27% less funds holding in top 10
Funds holding in top 10: 44 [Q2] → 32 (-12) [Q3]
40% less first-time investments, than exits
New positions opened: 102 | Existing positions closed: 169
Research analyst outlook
12 Wall Street Analysts provided 1 year price targets over the past 3 months
12 analyst ratings
Raymond James Patrick Tyler Brown 49% 1-year accuracy 17 / 35 met price target | 14%upside $320 | Outperform Maintained | 20 Dec 2024 |
B of A Securities Ken Hoexter 42% 1-year accuracy 20 / 48 met price target | 23%upside $348 | Buy Maintained | 20 Dec 2024 |
BMO Capital Fadi Chamoun 47% 1-year accuracy 8 / 17 met price target | 17%upside $330 | Market Perform Maintained | 20 Dec 2024 |
Stephens & Co. Daniel Imbro 35% 1-year accuracy 8 / 23 met price target | 22%upside $345 | Overweight Maintained | 20 Dec 2024 |
JP Morgan Brian Ossenbeck 50% 1-year accuracy 18 / 36 met price target | 31%upside $370 | Overweight Maintained | 20 Dec 2024 |
Financial journalist opinion
Based on 59 articles about FDX published over the past 30 days
