Sumitomo Life Insurance Co. Makes New Investment in FedEx Corporation $FDX

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

Other institutional investors have also recently modified their holdings of the company. Sivia Capital Partners LLC purchased a new stake in FedEx during the second quarter valued at about $586,000. Canada Post Corp Registered Pension Plan increased its holdings in shares of FedEx by 85.9% in the fourth quarter. Canada Post Corp Registered Pension Plan now owns 6,792 shares of the shipping service provider’s stock worth $1,962,000 after buying an additional 3,138 shares during the period. North Dakota State Investment Board purchased a new position in shares of FedEx in the fourth quarter worth about $2,122,000. OMERS ADMINISTRATION Corp lifted its stake in shares of FedEx by 104.9% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 17,319 shares of the shipping service provider’s stock valued at $6,169,000 after acquiring an additional 8,868 shares during the last quarter. Finally, First Nebraska Trust Co bought a new stake in shares of FedEx in the 1st quarter valued at about $10,675,000. 84.47% of the stock is currently owned by institutional investors.

FedEx Stock Down 0.3%

NYSE FDX opened at $325.03 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.48 and a quick ratio of 1.44. The stock has a market capitalization of $76.92 billion, a PE ratio of 17.56, a PEG ratio of 1.67 and a beta of 1.30. FedEx Corporation has a 1 year low of $177.05 and a 1 year high of $345.36. The business’s 50-day moving average is $319.03 and its 200 day moving average is $351.53.

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

FedEx Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Monday, September 14th will be paid a dividend of $1.22 per share. The ex-dividend date of this dividend is Monday, September 14th. This represents a $4.88 annualized dividend and a dividend yield of 1.5%. FedEx’s payout ratio is 26.36%.

Key Headlines Impacting FedEx

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on FDX shares. JPMorgan Chase & Co. restated a “buy” rating on shares of FedEx in a report on Friday, June 26th. Sanford C. Bernstein set a $397.00 price target on FedEx in a research note on Wednesday, June 24th. Wall Street Zen upgraded FedEx to a “hold” rating in a research report on Saturday, August 8th. Jefferies Financial Group began coverage on FedEx in a research note on Tuesday, June 23rd. They set a “buy” rating and a $200.00 price objective for the company. Finally, Evercore set a $165.00 target price on shares of FedEx in a report on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $350.54.

Insider Activity

In related news, Director Paul S. Walsh sold 5,042 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director owned 16,359 shares in the company, valued at $5,309,477.04. This represents a 23.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company 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.