NorthCrest Asset Management boosts FedEx stake by 23.4% amid strong earnings and analyst upgrades.

NorthCrest Asset Management increased its holdings in FedEx Corporation by 23.4% in Q4, owning 9,351 shares valued at $2.78 million. FedEx recently reported strong quarterly earnings, beating estimates with $5.25 EPS and $24 billion revenue, leading to several analyst upgrades and higher price targets. The company also announced a $1.45 quarterly dividend. Despite some risks like higher fuel costs and operational concerns, FedEx's positive earnings and raised guidance have driven investor confidence and stock price gains.