Swiss National Bank Sells 32,700 Shares of FedEx Corporation $FDX

Swiss National Bank reduced its stake in shares of FedEx Corporation (NYSE:FDX) by 4.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 656,100 shares of the shipping service provider’s stock after selling 32,700 shares during the quarter. Swiss National Bank’s holdings in FedEx were worth $154,715,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Grey Fox Wealth Advisors LLC bought a new position in shares of FedEx during the third quarter worth $27,000. Twin Peaks Wealth Advisors LLC purchased a new position in FedEx during the second quarter valued at $28,000. Ameriflex Group Inc. increased its holdings in FedEx by 103.3% in the 3rd quarter. Ameriflex Group Inc. now owns 124 shares of the shipping service provider’s stock valued at $29,000 after acquiring an additional 63 shares during the last quarter. Abich Financial Wealth Management LLC bought a new stake in FedEx in the 3rd quarter valued at $39,000. Finally, Physician Wealth Advisors Inc. lifted its stake in FedEx by 27.5% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 218 shares of the shipping service provider’s stock worth $51,000 after purchasing an additional 47 shares in the last quarter. Institutional investors own 84.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on FDX shares. Argus increased their price objective on shares of FedEx from $250.00 to $350.00 and gave the company a “buy” rating in a report on Wednesday, January 21st. The Goldman Sachs Group set a $364.00 target price on FedEx and gave the stock a “buy” rating in a research report on Thursday, February 12th. Truist Financial increased their price target on FedEx from $285.00 to $330.00 and gave the company a “buy” rating in a research note on Friday, December 19th. Stifel Nicolaus set a $412.00 price target on FedEx in a report on Friday, February 13th. Finally, BNP Paribas Exane set a $280.00 price objective on FedEx and gave the stock a “neutral” rating in a research note on Tuesday, January 13th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $366.19.

FedEx Stock Performance

FedEx stock opened at $361.22 on Tuesday. The company’s 50-day moving average price is $341.22 and its 200-day moving average price is $283.87. The company has a quick ratio of 1.23, a current ratio of 1.27 and a debt-to-equity ratio of 0.72. The company has a market cap of $84.93 billion, a PE ratio of 19.91, a price-to-earnings-growth ratio of 1.71 and a beta of 1.29. FedEx Corporation has a twelve month low of $194.29 and a twelve month high of $392.86.

FedEx (NYSE:FDX) last announced its quarterly earnings results on Thursday, December 18th. The shipping service provider reported $4.82 EPS for the quarter, beating analysts’ consensus estimates of $4.02 by $0.80. The firm 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%. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter last year, the firm earned $4.05 EPS. FedEx has set its FY 2026 guidance at 17.800-19.000 EPS. On average, equities research analysts forecast that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Dividend Announcement

The business 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. This represents a $5.80 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Monday, March 9th. FedEx’s dividend payout ratio (DPR) is presently 31.97%.

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.