2,633 Shares in FedEx Corporation $FDX Bought by Convergence Financial LLC

Convergence Financial LLC bought a new position in shares of FedEx Corporation (NYSE:FDX) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 2,633 shares of the shipping service provider’s stock, valued at approximately $751,000.

Several other institutional investors also recently modified their holdings of the stock. Hollencrest Capital Management bought a new position in shares of FedEx in the 1st quarter valued at $25,000. Solstein Capital LLC acquired a new stake in shares of FedEx during the 2nd quarter valued at $27,000. Trifecta Capital Advisors LLC grew its position in FedEx by 3,233.3% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 100 shares of the shipping service provider’s stock worth $29,000 after acquiring an additional 97 shares during the last quarter. C M Bidwell & Associates Ltd. bought a new stake in FedEx during the 2nd quarter worth $31,000. Finally, Cedar Mountain Advisors LLC increased its holdings in FedEx by 77.4% in the 1st quarter. Cedar Mountain Advisors LLC now owns 94 shares of the shipping service provider’s stock worth $33,000 after purchasing an additional 41 shares in the last quarter. 84.47% of the stock is currently owned by institutional investors and hedge funds.

FedEx Stock Up 1.0%

FedEx stock opened at $307.55 on Friday. The firm has a market cap of $72.79 billion, a price-to-earnings ratio of 18.91, a PEG ratio of 1.23 and a beta of 1.28. FedEx Corporation has a 52-week low of $198.00 and a 52-week high of $345.36. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.44 and a current ratio of 1.48. The firm has a 50 day moving average price of $304.55 and a two-hundred day moving average price of $337.13.

FedEx (NYSE:FDX) last posted its quarterly earnings data on Wednesday, October 28th. The shipping service provider reported $3.74 earnings per share for the quarter, topping the consensus estimate of $3.34 by $0.40. FedEx had a net margin of 4.09% and a return on equity of 16.15%. The company had revenue of $22.93 billion during the quarter, compared to analysts’ expectations of $22.73 billion. During the same period in the prior year, the company posted $3.83 earnings per share. FedEx’s revenue for the quarter was up 12.3% compared to the same quarter last year. Equities analysts predict that FedEx Corporation will post 18.27 EPS for the current year.

FedEx Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Monday, September 14th were given a dividend of $1.22 per share. The ex-dividend date of this dividend was Monday, September 14th. This represents a $4.88 dividend on an annualized basis and a yield of 1.6%. FedEx’s dividend payout ratio is 26.36%.

Key FedEx News

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: Results exceeded expectations: FedEx reported adjusted earnings of $3.74 per share versus the $3.34 consensus and revenue of approximately $22.9 billion, up about 12% year over year and ahead of estimates. Higher package yields, volume growth and cost savings supported profitability. FedEx beats expectations, raises outlook in first report since calendar adjustment
• Positive Sentiment: 2026 guidance increased: Management raised its full-year outlook, including a roughly 12% revenue-growth expectation and adjusted EPS guidance of about $18.60. Premium shipping demand, network optimization and cost reductions are helping offset higher fuel and transportation expenses. FedEx forecasts annual profit above estimates
• Positive Sentiment: Shareholder returns and growth opportunities: FedEx repurchased approximately $2 billion of stock during the quarter, with additional buyback capacity remaining. The company is also attracting parcel-focused customers to its air-freight services, including shipments tied to AI and data-center infrastructure. FedEx drawing parcel-focused shippers to its air freight services
• Positive Sentiment: Analyst support strengthened: HSBC upgraded FDX to Buy with a $370 price target, while JPMorgan maintained an Overweight rating and lifted its target to $400, signaling substantial potential upside in analysts’ view. HSBC upgrades FedEx to Buy
• Neutral Sentiment: Investors are comparing FedEx’s strong performance with United Parcel Service’s results, with both shipping companies beating quarterly estimates and raising outlooks. UPS vs. FedEx: Which Stock Is the Better Buy After Strong Q3 Results?
• Negative Sentiment: Margin and earnings-quality risks remain: Rising transportation costs, domestic margin pressure and a softer holiday-quarter outlook could limit near-term upside. GAAP net income also fell sharply, partly because of a loss tied to FedEx Freight, even though adjusted earnings improved. FedEx’s soft holiday-quarter outlook

Analysts Set New Price Targets

Several research firms have commented on FDX. Stephens upgraded FedEx to a “strong-buy” rating in a research report on Wednesday, July 8th. Evercore boosted their price target on FedEx from $350.00 to $351.00 in a report on Monday, September 28th. JPMorgan Chase & Co. boosted their price target on FedEx from $399.00 to $400.00 and gave the stock an “overweight” rating in a report on Thursday. Raymond James Financial reaffirmed an “outperform” rating on shares of FedEx in a research note on Thursday, October 15th. Finally, Sanford C. Bernstein set a $377.00 price objective on shares of FedEx in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $365.84.

FedEx Company Profile

FedEx Corporation (NYSE: FDX) is a global transportation, e-commerce and business services company headquartered in Memphis, Tennessee. Through its operating companies, FedEx provides time-definite express delivery, ground shipping, freight transportation, customs brokerage, logistics and supply chain services for businesses, governments and consumers.

The company’s services include domestic and international package delivery, less-than-truckload freight transportation, warehousing, fulfillment, supply chain management and specialized logistics solutions.