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 Q2 SEC filings by fund managers ($100M+ AUM)
34% more first-time investments, than exits
New positions opened: 165 | Existing positions closed: 123
5% more capital invested
Capital invested by funds: $54.7B [Q1] → $57.6B (+$2.93B) [Q2]
2% more funds holding
Funds holding: 1,696 [Q1] → 1,738 (+42) [Q2]
1.32% more ownership
Funds ownership: 76.8% [Q1] → 78.12% (+1.32%) [Q2]
10% less funds holding in top 10
Funds holding in top 10: 49 [Q1] → 44 (-5) [Q2]
15% less call options, than puts
Call options by funds: $2.46B | Put options by funds: $2.9B
17% less repeat investments, than reductions
Existing positions increased: 572 | Existing positions reduced: 688
Research analyst outlook
18 Wall Street Analysts provided 1 year price targets over the past 3 months
18 analyst ratings
Citigroup Ariel Rosa 78% 1-year accuracy 7 / 9 met price target | 12%upside $301 | Buy Initiated | 9 Oct 2024 |
Loop Capital Rick Paterson 100% 1-year accuracy 4 / 4 met price target | 7%upside $288 | Hold Maintained | 23 Sept 2024 |
BMO Capital Fadi Chamoun 78% 1-year accuracy 7 / 9 met price target | 11%upside $300 | Market Perform Maintained | 20 Sept 2024 |
HSBC Parash Jain 0% 1-year accuracy 0 / 1 met price target | 11%upside $300 | Hold Downgraded | 20 Sept 2024 |
TD Cowen Helane Becker 72% 1-year accuracy 13 / 18 met price target | 22%upside $328 | Buy Maintained | 20 Sept 2024 |
Financial journalist opinion
Based on 36 articles about FDX published over the past 30 days