Grove Bank & Trust boosts FedEx stake 438% amid strong earnings and raised analyst targets.

Grove Bank & Trust increased its holdings in FedEx by 438.3% in Q4, now owning shares worth $662,000. FedEx recently reported strong Q3 earnings, beating estimates and raising full-year profit guidance, prompting several analysts to raise price targets and upgrade ratings. Despite some cost pressures from fuel and cautious near-term forecasts, the stock shows positive momentum supported by institutional buying and dividend announcements. FedEx's market cap stands at $84.28 billion with a moderate dividend yield of 1.6%.