Bank of New York Mellon Corp Buys New Stake in FedEx Corporation $FDX

Key Points

• Bank of New York Mellon acquired 1.49 million FedEx shares worth approximately $466.9 million, giving it a 0.63% stake as of the second quarter. Institutional investors collectively own 84.47% of FedEx.
• Analyst sentiment remains favorable but mixed: FedEx has a consensus “Moderate Buy” rating and an average price target of $350.54, despite some analysts recently lowering their targets.
• FedEx maintained its quarterly dividend at $1.22 per share, equivalent to $4.88 annually and a 1.5% yield; the dividend is payable October 1 to shareholders of record on September 14.

Bank of New York Mellon Corp acquired a new position in shares of FedEx Corporation (NYSE:FDX - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,491,211 shares of the shipping service provider's stock, valued at approximately $466,943,000. Bank of New York Mellon Corp owned approximately 0.63% of FedEx at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of FDX. Hollencrest Capital Management acquired a new stake in FedEx during the 1st quarter valued at $25,000. Bayban acquired a new position in FedEx in the 1st quarter worth $26,000. Cedar Mountain Advisors LLC lifted 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 buying an additional 41 shares in the last quarter. EFG International AG purchased a new position in FedEx in the 4th quarter valued at about $27,000. Finally, Tucker Asset Management LLC purchased a new stake in shares of FedEx during the fourth quarter worth about $29,000. Hedge funds and other institutional investors own 84.47% of the company's stock.

FedEx News Roundup

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

Analyst Ratings Changes

Several research analysts recently commented on the company. Stephens upgraded FedEx to a "strong-buy" rating in a research note on Wednesday, July 8th. JPMorgan Chase & Co. restated a "buy" rating on shares of FedEx in a report on Friday, June 26th. TD Cowen cut their target price on FedEx from $426.00 to $354.00 in a research report on Wednesday, June 24th. BNP Paribas Exane reduced their target price on FedEx from $335.00 to $269.76 and set a "neutral" rating for the company in a research note on Tuesday, June 2nd. Finally, Weiss Ratings raised shares of FedEx from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Tuesday. One equities research 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's stock. According to data from MarketBeat, FedEx presently has a consensus rating of "Moderate Buy" and an average price target of $350.54.

Insider Buying and Selling

In other FedEx 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 value of $1,636,431.52. Following the completion of the sale, the director directly 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.53% of the stock is currently owned by insiders.

FedEx Stock Performance

FDX stock opened at $325.03 on Friday. The company has a market capitalization of $76.92 billion, a P/E ratio of 17.56, a PEG ratio of 1.68 and a beta of 1.30. The company has a 50-day simple moving average of $319.03 and a 200 day simple moving average of $351.53. FedEx Corporation has a fifty-two week low of $177.05 and a fifty-two week high of $345.36. The company has a quick ratio of 1.44, a current ratio of 1.48 and a debt-to-equity ratio of 0.74.

FedEx (NYSE:FDX - Get Free Report) last announced its earnings results on Tuesday, July 21st. The shipping service provider reported $5.88 earnings per share (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 during the quarter. Sell-side analysts predict that FedEx Corporation will post 17.6 earnings per share for the current fiscal year.

FedEx Dividend Announcement

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

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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