FedEx Corporation $FDX Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its stake in FedEx Corporation (NYSE:FDX) by 10.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,862,891 shares of the shipping service provider’s stock after selling 207,429 shares during the period. Bank of New York Mellon Corp owned 0.79% of FedEx worth $439,288,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in FDX. Probity Advisors Inc. boosted its holdings in shares of FedEx by 2.2% during the third quarter. Probity Advisors Inc. now owns 1,981 shares of the shipping service provider’s stock valued at $467,000 after acquiring an additional 43 shares during the period. WealthPlan Investment Management LLC lifted its position in FedEx by 3.2% in the 2nd quarter. WealthPlan Investment Management LLC now owns 1,439 shares of the shipping service provider’s stock valued at $327,000 after purchasing an additional 44 shares during the last quarter. Joel Isaacson & Co. LLC boosted its stake 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 valued at $617,000 after purchasing an additional 44 shares during the period. NORTHSTAR ASSET MANAGEMENT Co boosted its stake in FedEx by 1.2% during the 3rd quarter. NORTHSTAR ASSET MANAGEMENT Co now owns 3,890 shares of the shipping service provider’s stock valued at $917,000 after purchasing an additional 45 shares during the period. Finally, L2 Asset Management LLC grew its position in FedEx by 4.9% in the 2nd quarter. L2 Asset Management LLC now owns 985 shares of the shipping service provider’s stock worth $224,000 after purchasing an additional 46 shares during the last quarter. 84.47% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on FDX shares. Rothschild Redb downgraded FedEx from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 21st. Morgan Stanley boosted their price target on FedEx from $200.00 to $210.00 and gave the stock an “underweight” rating in a research report on Friday, December 19th. BNP Paribas Exane set a $280.00 price target on FedEx and gave the stock a “neutral” rating in a research note on Tuesday, January 13th. Redburn Partners set a $271.00 price objective on shares of FedEx in a research note on Wednesday, January 21st. Finally, HSBC increased their target price on shares of FedEx from $235.00 to $285.00 and gave the company a “hold” rating in a research report on Friday, December 19th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $303.86.

FedEx Price Performance

NYSE:FDX opened at $314.79 on Thursday. The business’s 50-day moving average price is $291.43 and its 200 day moving average price is $255.96. The firm has a market cap of $74.01 billion, a P/E ratio of 17.35, a PEG ratio of 1.57 and a beta of 1.35. FedEx Corporation has a 52-week low of $194.29 and a 52-week high of $318.83. 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 (NYSE:FDX) last issued its quarterly earnings results on Thursday, December 18th. The shipping service provider reported $4.82 earnings per share for the quarter, beating analysts’ consensus estimates of $4.02 by $0.80. The company had revenue of $23.47 billion during the quarter, compared to the consensus estimate of $22.79 billion. FedEx had a net margin of 4.81% and a return on equity of 16.63%. FedEx’s revenue was up 6.8% on a year-over-year basis. During the same period in the prior year, the company earned $4.05 EPS. FedEx has set its FY 2026 guidance at 17.800-19.000 EPS. As a group, sell-side analysts predict that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 6th. Shareholders of record on Monday, December 15th were issued a $1.45 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $5.80 annualized dividend and a dividend yield of 1.8%. FedEx’s dividend payout ratio is currently 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.