3,134 Shares in FedEx Corporation $FDX Bought by Bingham Private Wealth LLC

Key Points

• Bingham Private Wealth LLC opened a new position in FedEx by buying 3,134 shares (~$905,000) during the fourth quarter.
• Multiple analysts have raised price targets (e.g., Barclays, Bernstein, UBS, Susquehanna), leaving the stock with a consensus rating of "Moderate Buy" and a consensus target price of $398.04.
• Two FedEx EVPs executed large insider sales—Gina F. Adams sold 20,450 shares (~$7.49M) and Kawal Preet sold 4,900 shares (~$1.80M)—bringing insider ownership down to about 0.53%.

Bingham Private Wealth LLC purchased a new position in shares of FedEx Corporation (NYSE:FDX - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 3,134 shares of the shipping service provider's stock, valued at approximately $905,000.

A number of other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in FedEx by 13.2% during the third quarter. Vanguard Group Inc. now owns 23,442,049 shares of the shipping service provider's stock worth $5,527,870,000 after acquiring an additional 2,741,723 shares during the period. Dodge & Cox lifted its holdings in FedEx by 12.0% during the third quarter. Dodge & Cox now owns 16,225,160 shares of the shipping service provider's stock worth $3,826,055,000 after acquiring an additional 1,742,666 shares during the period. Franklin Resources Inc. lifted its holdings in FedEx by 5.9% during the third quarter. Franklin Resources Inc. now owns 4,814,938 shares of the shipping service provider's stock worth $1,135,411,000 after acquiring an additional 269,567 shares during the period. Invesco Ltd. lifted its holdings in FedEx by 3.1% during the third quarter. Invesco Ltd. now owns 3,618,898 shares of the shipping service provider's stock worth $853,372,000 after acquiring an additional 108,426 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in FedEx by 169.2% during the third quarter. AQR Capital Management LLC now owns 2,733,905 shares of the shipping service provider's stock worth $638,203,000 after acquiring an additional 1,718,278 shares during the period. 84.47% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Barclays lifted their price target on FedEx from $360.00 to $450.00 and gave the stock an "overweight" rating in a report on Tuesday, February 10th. Sanford C. Bernstein boosted their target price on FedEx from $457.00 to $470.00 and gave the company an "outperform" rating in a research note on Thursday, April 9th. UBS Group boosted their target price on FedEx from $412.00 to $446.00 and gave the company a "buy" rating in a research note on Friday, March 20th. Royal Bank Of Canada lowered FedEx to a "sector perform" rating in a research note on Wednesday, December 17th. Finally, Susquehanna boosted their target price on FedEx from $410.00 to $455.00 and gave the company a "positive" rating in a research note on Friday, March 20th. Eighteen research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $398.04.

Insider Buying and Selling at FedEx

In other news, EVP Kawal Preet sold 4,900 shares of FedEx stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $367.89, for a total value of $1,802,661.00. Following the completion of the transaction, the executive vice president directly owned 10,953 shares in the company, valued at approximately $4,029,499.17. The trade was a 30.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Gina F. Adams sold 20,450 shares of FedEx stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $366.45, for a total value of $7,493,902.50. Following the completion of the transaction, the executive vice president owned 19,403 shares of the company's stock, valued at approximately $7,110,229.35. This trade represents a 51.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.53% of the stock is currently owned by insiders.

FedEx Stock Performance

Shares of FDX opened at $370.19 on Wednesday. The firm has a market cap of $88.33 billion, a PE ratio of 19.70, a PEG ratio of 1.63 and a beta of 1.28. The stock's fifty day moving average price is $366.82 and its two-hundred day moving average price is $307.46. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.47 and a quick ratio of 1.44. FedEx Corporation has a 1 year low of $201.03 and a 1 year high of $392.86.

FedEx (NYSE:FDX - Get Free Report) last issued its earnings results on Thursday, March 19th. The shipping service provider reported $5.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.12 by $1.13. The firm had revenue of $24 billion for the quarter, compared to analyst estimates of $23.44 billion. FedEx had a return on equity of 16.76% and a net margin of 4.88%.The business's revenue was up 8.3% on a year-over-year basis. During the same period in the previous year, the company posted $4.51 earnings per share. On average, equities research analysts forecast that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Monday, March 9th were given a $1.45 dividend. The ex-dividend date was Monday, March 9th. This represents a $5.80 annualized dividend and a dividend yield of 1.6%. FedEx's payout ratio is 30.87%.

Key Stories Impacting FedEx

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: Stephens reaffirmed an "overweight" rating and set a $435 price target, signaling continued analyst confidence in upside from current levels. Stephens Reaffirms Overweight, $435 PT
• Positive Sentiment: Another outlet reported a raised price target to $442, adding further upside pressure from analysts. Price Target Raised to $442
• Positive Sentiment: UBS said the CFO exit is "optically tough" but consistent with FedEx’s strategy and maintained a positive view — limiting the long-term negative read-through. UBS: Strategy Intact After CFO Exit
• Positive Sentiment: Reports note FedEx has reaffirmed its FY26 and FY29 financial outlook, which supports management’s guidance despite leadership changes. FedEx Reaffirms FY26 & FY29 Outlook
• Neutral Sentiment: Company press release: CFO John W. Dietrich will step down effective June 1 after the planned FedEx Freight spinoff; Claude Russ named interim CFO while a search is conducted. Press Release: CFO to Step Down
• Neutral Sentiment: Major news wires and financial outlets (Reuters) covered the CFO departure — broad market awareness could increase short-term volatility but the reports emphasize it follows the planned spinoff. Reuters: CFO Steps Down
• Neutral Sentiment: Sector action: consumer stocks were higher late afternoon, which may provide some market tailwinds for transportation names including FedEx. Sector Update: Consumer Stocks Rise
• Negative Sentiment: Insider sale: EVP Gina F. Adams sold 20,450 shares (~$7.49M at ~$366.45), reducing her stake by ~51%. Large insider selling can be interpreted negatively by investors. SEC Filing: Gina F. Adams Form 4
• Negative Sentiment: Insider sale: EVP Kawal Preet sold 4,900 shares (~$1.80M at ~$367.89), trimming ownership by ~31%, which adds to selling pressure concerns. SEC Filing: Kawal Preet Form 4

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.

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