FedEx Corporation (NYSE:FDX) Sees Positive Institutional Investor Sentiment and Price Target Increase

Core Viewpoint - FedEx Corporation is positioned for potential growth, with Bernstein setting a price target of $427, indicating a possible increase of 27.35% from the current price of $335.3 [1][6] Institutional Investor Activity - Heritage Investors Management Corp increased its stake in FedEx by 1.6% in Q3, now holding 103,661 shares valued at approximately $24.4 million, reflecting confidence in the company's future [2][6] - The New York State Teachers Retirement System raised its stake by 2.3%, owning 207,077 shares valued at around $48.8 million, indicating a positive outlook [3][6] - D.A. Davidson and CO. expanded its stake by 10.6% during the same period, further demonstrating growing confidence in FedEx's performance [3][6] Stock Performance - FedEx's stock price increased by approximately 4.05% today, rising by $13.05, with trading fluctuations between a low of $321.50 and a high of $335.56, nearing its 52-week high of $335.60 [4][6] - The company has a market capitalization of approximately $79.12 billion, highlighting its significance in the logistics industry [5][6] - The trading volume for the day reached 2,116,763 shares, indicating active investor interest in FedEx [5]