Franklin Resources Inc. grew its stake in FedEx Corporation (NYSE:FDX – Free Report) by 5.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,814,938 shares of the shipping service provider’s stock after buying an additional 269,567 shares during the period. Franklin Resources Inc. owned 2.04% of FedEx worth $1,135,411,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. BHK Investment Advisors LLC grew its holdings in shares of FedEx by 1.4% during the third quarter. BHK Investment Advisors LLC now owns 3,074 shares of the shipping service provider’s stock valued at $725,000 after buying an additional 41 shares during the last quarter. Probity Advisors Inc. raised its stake in FedEx by 2.2% in the 3rd quarter. Probity Advisors Inc. now owns 1,981 shares of the shipping service provider’s stock worth $467,000 after acquiring an additional 43 shares during the last quarter. Quadrant Capital Group LLC raised its stake in FedEx by 0.5% in the 3rd quarter. Quadrant Capital Group LLC now owns 7,884 shares of the shipping service provider’s stock worth $1,859,000 after acquiring an additional 43 shares during the last quarter. Joel Isaacson & Co. LLC lifted its position in FedEx by 1.7% during the 3rd quarter. Joel Isaacson & Co. LLC now owns 2,617 shares of the shipping service provider’s stock worth $617,000 after acquiring an additional 44 shares during the period. Finally, Triglav Investments D.O.O. lifted its position in FedEx by 0.8% during the 3rd quarter. Triglav Investments D.O.O. now owns 5,704 shares of the shipping service provider’s stock worth $1,344,000 after acquiring an additional 44 shares during the period. 84.47% of the stock is currently owned by institutional investors and hedge funds.
FedEx Stock Performance
Shares of FDX stock opened at $359.52 on Wednesday. The stock has a market cap of $84.53 billion, a PE ratio of 19.82, a price-to-earnings-growth ratio of 1.72 and a beta of 1.29. The business has a 50-day simple moving average of $342.59 and a 200-day simple moving average of $284.73. The company has a quick ratio of 1.23, a current ratio of 1.27 and a debt-to-equity ratio of 0.72. FedEx Corporation has a 52-week low of $194.29 and a 52-week high of $392.86.
FedEx Dividend Announcement
The company 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 dividend of $1.45 per share. 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 (DPR) is presently 31.97%.
Trending Headlines about FedEx
Here are the key news stories impacting FedEx this week:
- Positive Sentiment: JPMorgan raised its price target on FDX sharply to $424 (from $294) while keeping a “neutral” rating — the new target implies meaningful upside relative to current levels and may support buying interest or limit downside. JPMorgan raises FDX price target to $424
- Positive Sentiment: Coverage pieces note FedEx has outperformed the Dow over the past year and analysts remain moderately bullish, reinforcing a narrative of operational recovery and earnings momentum that could attract momentum investors. Is FedEx Corporation Stock Outperforming the Dow?
- Neutral Sentiment: Sector roundups and comparative pieces (FedEx vs. UPS) provide context on long-term returns and industry positioning — useful for investors re-evaluating allocation between parcel carriers but not likely to move shares by themselves. Investing $1,000 in FedEx or UPS a Decade Ago Would Have Garnered How Much?
- Neutral Sentiment: Auto & Transport sector roundups mention FedEx alongside peers; these summaries are useful for macro/peer analysis but carry limited direct impact unless they highlight new guidance or contract news. Auto & Transport Roundup: Market Talk
- Neutral Sentiment: Local franchising and small-operator news (e.g., AIM Mail Center ownership change) are operationally immaterial to FedEx’s corporate performance. New Owner of AIM Mail Center in Rocklin, California Continues 24-Year Legacy
- Negative Sentiment: Rising oil prices and a sector-wide jump in fuel costs pressured parcel carriers: UPS plunged after oil topped $100/barrel and reports say FedEx also fell in sympathy — higher fuel costs compress margins and can weigh on near-term profitability and sentiment. UPS Stock Plummets 5% Amid Oil Price Surge and Transport Sector Turbulence
Wall Street Analysts Forecast Growth
A number of research analysts have recently weighed in on the company. Rothschild & Co Redburn increased their price objective on FedEx from $317.00 to $371.00 and gave the company a “neutral” rating in a report on Tuesday, February 24th. Susquehanna decreased their target price on FedEx from $345.00 to $340.00 in a report on Tuesday, December 23rd. Stephens upped their target price on FedEx from $330.00 to $405.00 and gave the company an “overweight” rating in a research report on Friday, February 13th. Weiss Ratings reiterated a “buy (b-)” rating on shares of FedEx in a report on Monday, December 29th. Finally, Sanford C. Bernstein reissued an “outperform” rating and set a $457.00 price target on shares of FedEx in a research report on Friday. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, FedEx presently has a consensus rating of “Moderate Buy” and an average price target of $371.00.
Check Out Our Latest Report on FDX
FedEx Company Profile
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.
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