Wilmington Savings Fund Society FSB reduced its holdings in FedEx Corporation (NYSE:FDX – Free Report) by 20.2% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,941 shares of the shipping service provider’s stock after selling 1,761 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in FedEx were worth $1,637,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of the business. Caerus Investment Advisors LLC purchased a new position in FedEx in the 3rd quarter worth approximately $908,000. Captrust Financial Advisors raised its position in shares of FedEx by 7.0% during the 3rd quarter. Captrust Financial Advisors now owns 121,588 shares of the shipping service provider’s stock valued at $28,672,000 after buying an additional 7,908 shares in the last quarter. Danske Bank A S purchased a new stake in shares of FedEx during the 3rd quarter valued at $31,018,000. San Luis Wealth Advisors LLC lifted its holdings in shares of FedEx by 10.8% during the 3rd quarter. San Luis Wealth Advisors LLC now owns 3,336 shares of the shipping service provider’s stock worth $787,000 after acquiring an additional 324 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its position in FedEx by 2.1% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 19,696 shares of the shipping service provider’s stock worth $4,643,000 after acquiring an additional 400 shares in the last quarter. Institutional investors own 84.47% of the company’s stock.
Wall Street Analyst Weigh In
FDX has been the topic of a number of research reports. Wolfe Research raised their price target on FedEx from $355.00 to $394.00 and gave the company an “outperform” rating in a research report on Tuesday, February 10th. Jefferies Financial Group upped their price objective on FedEx from $425.00 to $450.00 and gave the stock a “buy” rating in a report on Tuesday, March 3rd. Royal Bank Of Canada lowered FedEx to a “sector perform” rating in a research report on Wednesday, December 17th. Zacks Research upgraded FedEx from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 17th. Finally, TD Cowen increased their price target on shares of FedEx from $313.00 to $383.00 and gave the company a “buy” rating in a research report on Friday, February 13th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, FedEx presently has a consensus rating of “Moderate Buy” and a consensus price target of $371.19.
FedEx Price Performance
FDX opened at $355.15 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.27 and a quick ratio of 1.23. The stock’s 50 day simple moving average is $350.29 and its 200 day simple moving average is $289.94. The firm has a market cap of $83.50 billion, a price-to-earnings ratio of 19.58, a PEG ratio of 1.66 and a beta of 1.29. FedEx Corporation has a 1 year low of $194.29 and a 1 year high of $392.86.
FedEx (NYSE:FDX – Get Free Report) last announced its quarterly earnings data on Thursday, March 19th. The shipping service provider reported $5.25 earnings per share for the quarter, beating the consensus estimate of $4.12 by $1.13. The firm had revenue of $24 billion during the quarter, compared to the consensus estimate of $23.44 billion. FedEx had a return on equity of 16.63% and a net margin of 4.81%.The business’s revenue was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.51 earnings per share. As a group, analysts predict that FedEx Corporation will post 19.14 earnings per share for the current year.
FedEx Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Monday, March 9th will be given a dividend of $1.45 per share. The ex-dividend date of this dividend is Monday, March 9th. This represents a $5.80 annualized dividend and a yield of 1.6%. FedEx’s dividend payout ratio is presently 31.97%.
FedEx News Summary
Here are the key news stories impacting FedEx this week:
- Positive Sentiment: Q3 beat and guidance lift — FedEx posted a double beat (revenue and EPS) and raised FY profit guidance to roughly $19.30–$20.10, a clear near‑term catalyst for the rally. FedEx shares surge as investors cheer resilient demand, higher profit forecast
- Positive Sentiment: Resilient demand and pricing — Management said global demand is holding and the company’s fuel surcharge is offsetting higher oil costs for now, supporting margin durability. FedEx sees global demand holding amid Iran war, raises profit outlook
- Positive Sentiment: Operational execution and strategic moves — Execs highlighted strong peak‑season profitability, cost discipline and that the planned freight spin‑off remains on track, which investors view as value‑enhancing. FedEx Tops Q3 Estimates, Freight Spin-Off Remains On Track
- Neutral Sentiment: Broader market context — Positive FedEx news is arriving amid mixed premarket futures and macro volatility (triple witching, Middle East developments), which can amplify intraday moves but isn’t FedEx‑specific. Stock Market Today: S&P 500, Dow Futures Down Ahead Of ‘Triple Witching’
- Negative Sentiment: Safety probe — The NTSB is investigating a close call between a FedEx and an Alaska Airlines jet at Newark; any operational safety concerns could weigh on sentiment if they lead to regulatory scrutiny or costs. NTSB investigating close call between FedEx, Alaska Airlines jets
- Negative Sentiment: Geopolitical and fuel‑cost risk ahead — Management’s outlook assumes no further major disruptions; sustained oil >\$100 or escalation in the Middle East could push costs higher and dent volume if customers pull back. FedEx is getting more upbeat about the year — despite surging fuel costs
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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