4,344 Shares in FedEx Corporation $FDX Acquired by NewEdge Wealth LLC

Key Points

• NewEdge Wealth acquired 4,344 FedEx shares worth approximately $1.36 million in the second quarter, while other institutions also increased or initiated positions. Institutional investors collectively own 84.47% of FedEx.
• FedEx reported quarterly revenue of $23.26 billion and earnings of $5.88 per share, while shares opened at $325.03 and were down 0.3%. Analysts maintain a “Moderate Buy” consensus with an average price target of $350.54.
• FedEx declared an unchanged quarterly dividend of $1.22 per share, equivalent to $4.88 annually and a 1.5% yield, payable October 1 to shareholders of record September 14.

NewEdge Wealth LLC acquired a new stake in FedEx Corporation (NYSE:FDX - Free Report) in the second quarter, according to its most recent filing with the SEC. The fund acquired 4,344 shares of the shipping service provider's stock, valued at approximately $1,360,000.

Several other institutional investors have also recently made changes to their positions in the stock. Sivia Capital Partners LLC bought a new position in shares of FedEx in the second quarter valued at approximately $586,000. Canada Post Corp Registered Pension Plan increased its holdings in FedEx by 85.9% during the 4th quarter. Canada Post Corp Registered Pension Plan now owns 6,792 shares of the shipping service provider's stock worth $1,962,000 after acquiring an additional 3,138 shares during the period. North Dakota State Investment Board purchased a new stake in FedEx in the 4th quarter worth approximately $2,122,000. OMERS ADMINISTRATION Corp lifted its stake in FedEx by 104.9% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 17,319 shares of the shipping service provider's stock worth $6,169,000 after purchasing an additional 8,868 shares in the last quarter. Finally, First Nebraska Trust Co bought a new position in FedEx in the 1st quarter valued at $10,675,000. Hedge funds and other institutional investors own 84.47% of the company's stock.

FedEx News Summary

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

FedEx Stock Down 0.3%

Shares of FDX opened at $325.03 on Friday. FedEx Corporation has a 1 year low of $177.05 and a 1 year high of $345.36. 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 50 day simple moving average of $319.03 and a two-hundred day simple moving average of $351.53. The firm has a market cap of $76.92 billion, a P/E ratio of 17.56, a P/E/G ratio of 1.68 and a beta of 1.30.

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

FedEx Announces Dividend

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

Analyst Ratings Changes

FDX has been the subject of a number of recent analyst reports. Bank of America boosted their price target on shares of FedEx from $376.00 to $378.00 and gave the company a "buy" rating in a research report on Wednesday, June 24th. Truist Financial lowered their price objective on FedEx from $425.00 to $365.00 and set a "buy" rating on the stock in a research report on Thursday, June 25th. Wells Fargo & Company dropped their price objective on FedEx from $450.00 to $425.00 and set an "overweight" rating for the company in a research note on Wednesday, June 17th. HSBC reduced their target price on FedEx from $360.00 to $289.89 and set a "hold" rating for the company in a research report on Monday, June 1st. Finally, Citigroup started coverage on FedEx in a research note on Wednesday, July 15th. They issued an "outperform" rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, FedEx has an average rating of "Moderate Buy" and a consensus price target of $350.54.

Insider Activity

In other news, Director Paul S. Walsh sold 5,042 shares of the stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $324.56, for a total value of $1,636,431.52. Following the completion of the transaction, the director owned 16,359 shares of the company's stock, valued at approximately $5,309,477.04. This represents a 23.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.53% of the company's stock.

FedEx Company 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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