Swiss National Bank Reduces Stock Holdings in FedEx Corporation $FDX

Swiss National Bank reduced its position in shares of FedEx Corporation (NYSE:FDX) by 4.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 656,100 shares of the shipping service provider’s stock after selling 32,700 shares during the quarter. Swiss National Bank owned 0.28% of FedEx worth $154,715,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in FDX. Vanguard Group Inc. boosted its holdings in shares of FedEx by 13.2% in the third quarter. Vanguard Group Inc. now owns 23,442,049 shares of the shipping service provider’s stock worth $5,527,870,000 after buying an additional 2,741,723 shares during the last quarter. Norges Bank bought a new stake in FedEx during the second quarter valued at approximately $605,497,000. AQR Capital Management LLC increased its holdings in FedEx by 750.9% during the second quarter. AQR Capital Management LLC now owns 1,015,627 shares of the shipping service provider’s stock valued at $230,862,000 after buying an additional 896,271 shares during the last quarter. Diamond Hill Capital Management Inc. purchased a new stake in FedEx during the third quarter valued at approximately $171,960,000. Finally, Dodge & Cox raised its position in FedEx by 4.7% in the second quarter. Dodge & Cox now owns 14,482,494 shares of the shipping service provider’s stock worth $3,292,016,000 after acquiring an additional 649,426 shares during the period. Hedge funds and other institutional investors own 84.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Bank of America boosted their price objective on shares of FedEx from $408.00 to $414.00 and gave the company a “buy” rating in a research report on Tuesday, February 10th. The Goldman Sachs Group set a $364.00 price objective on FedEx and gave the stock a “buy” rating in a research note on Thursday, February 12th. Evercore raised their target price on FedEx from $364.00 to $380.00 in a report on Tuesday, February 24th. HSBC lowered FedEx from a “hold” rating to a “reduce” rating and set a $335.00 price target for the company. in a report on Wednesday, February 25th. Finally, UBS Group upped their price target on FedEx from $314.00 to $412.00 and gave the stock a “buy” rating in a research report on Wednesday, February 4th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $366.19.

FedEx Stock Up 0.6%

Shares of FDX stock opened at $361.22 on Tuesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.27 and a quick ratio of 1.23. FedEx Corporation has a one year low of $194.29 and a one year high of $392.86. The company’s fifty day moving average price is $341.22 and its 200-day moving average price is $283.87. The company has a market capitalization of $84.93 billion, a price-to-earnings ratio of 19.91, a PEG ratio of 1.71 and a beta of 1.29.

FedEx (NYSE:FDX) last issued its earnings results on Thursday, December 18th. The shipping service provider reported $4.82 earnings per share for the quarter, topping the consensus estimate of $4.02 by $0.80. FedEx had a net margin of 4.81% and a return on equity of 16.63%. The company had revenue of $23.47 billion during the quarter, compared to the consensus estimate of $22.79 billion. During the same quarter in the prior year, the firm posted $4.05 EPS. FedEx’s quarterly revenue was up 6.8% compared to the same quarter last year. FedEx has set its FY 2026 guidance at 17.800-19.000 EPS. Sell-side analysts expect that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Monday, March 9th will be paid a $1.45 dividend. The ex-dividend date of this dividend is Monday, March 9th. This represents a $5.80 dividend on an annualized basis and a dividend yield of 1.6%. FedEx’s dividend payout ratio is 31.97%.

About FedEx

FedEx Corporation (NYSE: FDX) is a global logistics and courier company headquartered in Memphis, Tennessee. Founded by Frederick W. Smith in 1971 and beginning operations in the early 1970s, the company pioneered overnight express shipping and has since expanded into a diversified portfolio of transportation, e-commerce and supply-chain services. FedEx operates an integrated air-and-ground network that moves parcels, freight and documents for businesses and consumers worldwide.

FedEx’s core operating segments include express parcel delivery via its FedEx Express division, domestic and residential parcel delivery through FedEx Ground, less-than-truckload (LTL) freight services, and logistics and supply-chain management solutions.