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]

Core Viewpoint - FedEx Corporation is a leading player in the transportation and logistics sector, with a positive growth outlook supported by institutional investments and analyst ratings [1][2][4]. Investment Ratings and Price Targets - Barclays maintains an "Overweight" rating for FedEx, raising its price target from $320 to $360, reflecting confidence in the company's growth potential [2]. - The current stock price is approximately $281.23, categorized as a "hold" [2]. Institutional Investments - B. Riley Wealth Advisors Inc. acquired 4,865 shares valued at about $1.11 million, indicating growing confidence in FedEx's future performance [3]. - Valeo Financial Advisors LLC increased its stake to 3.74 million shares worth approximately $851 million [3]. - Norges Bank acquired a new stake valued at around $605 million during the second quarter, while AQR Capital Management LLC increased its holdings by 750.9%, now owning over one million shares [3]. Stock Performance and Market Capitalization - FedEx's stock price is currently $281.72, with a slight increase of 0.17% or $0.49 [4]. - The stock has traded between $281.08 and $282.99 today, with a one-year high of $295.24 and a low of $194.30 [4]. - FedEx has a market capitalization of approximately $66.47 billion, solidifying its position in the logistics industry [4].