Sumitomo Life Insurance Co. Takes Position in FedEx Corporation $FDX

Sumitomo Life Insurance Co. bought a new position in shares of FedEx Corporation (NYSE:FDX) during the second quarter, according to its most recent filing with the SEC. The fund bought 2,575 shares of the shipping service provider’s stock, valued at approximately $806,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Landscape Capital Management L.L.C. bought a new position in FedEx during the second quarter valued at about $1,950,000. Korea Investment CORP bought a new stake in FedEx in the second quarter worth about $64,801,000. EP Wealth Advisors LLC bought a new stake in FedEx in the second quarter worth about $4,573,000. Ieq Capital LLC purchased a new position in FedEx in the second quarter valued at about $56,186,000. Finally, Callan Family Office LLC purchased a new position in FedEx in the second quarter valued at about $12,738,000. 84.47% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Weiss Ratings upgraded shares of FedEx from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday. Barclays dropped their price objective on FedEx from $450.00 to $425.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 17th. BNP Paribas Exane reduced their price objective on FedEx from $335.00 to $269.76 and set a “neutral” rating for the company in a report on Tuesday, June 2nd. Truist Financial decreased their target price on FedEx from $425.00 to $365.00 and set a “buy” rating for the company in a research report on Thursday, June 25th. Finally, HSBC decreased their target price on FedEx from $360.00 to $289.89 and set a “hold” rating for the company in a research report on Monday, June 1st. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, FedEx presently has an average rating of “Moderate Buy” and a consensus target price of $350.54.

FedEx Stock Performance

NYSE FDX opened at $325.03 on Friday. The company’s 50 day moving average is $319.03 and its 200-day moving average is $351.53. FedEx Corporation has a 12-month low of $177.05 and a 12-month high of $345.36. The company has a quick ratio of 1.44, a current ratio of 1.48 and a debt-to-equity ratio of 0.74. The firm has a market cap of $76.92 billion, a P/E ratio of 17.56, a price-to-earnings-growth ratio of 1.67 and a beta of 1.30.

FedEx (NYSE:FDX) last announced its quarterly earnings results on Tuesday, July 21st. The shipping service provider reported $5.88 EPS for the quarter. FedEx had a net margin of 4.68% and a return on equity of 16.49%. The company had revenue of $23.26 billion for the quarter. Sell-side analysts predict that FedEx Corporation will post 17.6 earnings per share for the current year.

FedEx Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Monday, September 14th will be issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, September 14th. FedEx’s dividend payout ratio (DPR) is presently 26.36%.

More FedEx News

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: FedEx’s board declared a quarterly cash dividend of $1.22 per share, payable October 1 to shareholders of record on September 14. The unchanged dividend reinforces the company’s commitment to returning capital and may support income-oriented investor interest. FedEx Corp. Board Declares Quarterly Dividend
• Positive Sentiment: FedEx and UPS reportedly secured modifications to government delivery contracts, potentially providing additional volume and revenue visibility for FedEx’s network. UPS and FedEx land government delivery contract modifications
• Neutral Sentiment: Wall Street analysts remain cautiously optimistic about FedEx, citing its strong performance over the past year but maintaining a measured outlook on future prospects. This suggests support for the stock but limited expectations for near-term upside. Are Wall Street Analysts Bullish on FedEx Stock?
• Negative Sentiment: Reports that UPS, FedEx and DHL are returning billions in tariff-related charges to eligible U.S. customers could create reimbursement costs and administrative complexity, although the ultimate financial impact on FedEx remains unclear. UPS, FedEx and DHL are giving back billions in Trump tariffs
• Negative Sentiment: FedEx reportedly paid its top executives $81 million in fiscal 2026, a 131% increase from the prior year. The sharp rise may draw investor scrutiny regarding compensation discipline and corporate governance. Memphis-based FedEx paid top executives $81M
• Negative Sentiment: Amazon’s planned expansion of drone delivery to nearly 500 U.S. cities increases competitive pressure in last-mile shipping and could challenge FedEx’s parcel volumes over time. Amazon to Bring Drone Delivery to 500 Cities

Insider Activity

In related news, Director Paul S. Walsh sold 5,042 shares of the business’s stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $324.56, for a total transaction of $1,636,431.52. Following the sale, the director directly owned 16,359 shares in the company, valued at approximately $5,309,477.04. The trade was a 23.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.53% of the company’s stock.

FedEx 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.