FedEx (FDX)

• Market cap: $60.4B
• 1 day: 1.46%
• 5 days: -9.94%
• 1 month: -8.40%
• 3 months: -7.46%
• 6 months: -11.35%
• Year to date: -8.51%
• 1 year: 5.30%
• 5 years: 70.12%
• 10 years: 45.83%
• Sector: Industrials
• Industry: Air Courier Services

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: 608 | Existing positions reduced: 668

3.07% less ownership

Funds ownership: 81.38% [Q2] → 78.32% (-3.07%) [Q3]

4% less funds holding

Funds holding: 1,749 [Q2] → 1,684 (-65) [Q3]

13% less capital invested

Capital invested by funds: $60B [Q2] → $52.1B (-$7.92B) [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]

29% less first-time investments, than exits

New positions opened: 103 | Existing positions closed: 145

Research analyst outlook

12 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $283 13% upside
• Avg. target: $337 34% upside
• High target: $372 48% upside

12 analyst ratings

• positive: 8 67%
• neutral: 4 33%
• negative: 0 0%

Loop Capital Rick Paterson 22% 1-year accuracy 2 / 9 met price target	13% upside $283	Hold Downgraded	3 Feb 2025
Stifel J. Bruce Chan 29% 1-year accuracy 9 / 31 met price target	45% upside $364	Buy Maintained	23 Jan 2025
JP Morgan Brian Ossenbeck 49% 1-year accuracy 19 / 39 met price target	48% upside $372	Overweight Maintained	7 Jan 2025
Raymond James Patrick Tyler Brown 68% 1-year accuracy 26 / 38 met price target	28% upside $320	Outperform Maintained	20 Dec 2024
B of A Securities Ken Hoexter 47% 1-year accuracy 26 / 55 met price target	39% upside $348	Buy Maintained	20 Dec 2024