Clear Harbor Asset Management LLC Makes New $1.11 Million Investment in FedEx Corporation $FDX

Key Points

• Clear Harbor Asset Management initiated a $1.11 million position in FedEx during the second quarter, purchasing 3,545 shares. Institutional investors and hedge funds collectively own 84.47% of the company.
• Analysts have lowered their price targets, but FedEx retains a consensus “Moderate Buy” rating with an average target of $350.54, above its reported share price of $325.03.
• FedEx reported quarterly earnings of $5.88 per share on $23.26 billion in revenue and declared a quarterly dividend of $1.22 per share, equivalent to a 1.5% annualized yield.

Clear Harbor Asset Management LLC acquired a new position in FedEx Corporation (NYSE:FDX - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,545 shares of the shipping service provider's stock, valued at approximately $1,110,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Hollencrest Capital Management acquired a new stake in FedEx during the first quarter worth approximately $25,000. Bayban bought a new stake in FedEx in the first quarter worth approximately $26,000. EFG International AG acquired a new position in FedEx in the fourth quarter valued at approximately $27,000. Wealth Watch Advisors INC acquired a new position in FedEx in the third quarter valued at approximately $28,000. Finally, Tucker Asset Management LLC bought a new position in shares of FedEx during the 4th quarter worth approximately $29,000. 84.47% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Truist Financial reduced their price objective on shares of FedEx from $425.00 to $365.00 and set a "buy" rating for the company in a research report on Thursday, June 25th. BMO Capital Markets reissued a "market perform" rating on shares of FedEx in a research note on Wednesday, June 24th. UBS Group reduced their price target on shares of FedEx from $445.00 to $350.00 and set a "buy" rating for the company in a report on Wednesday, June 24th. HSBC dropped their price objective on shares of FedEx from $360.00 to $289.89 and set a "hold" rating on the stock in a report on Monday, June 1st. Finally, TD Cowen cut their price objective on shares of FedEx from $426.00 to $354.00 in a research report on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $350.54.

FedEx Price Performance

Shares of FDX opened at $325.03 on Friday. FedEx Corporation has a 12-month low of $177.05 and a 12-month high of $345.36. The business's fifty day moving average is $319.03 and its 200 day moving average is $351.53. The company has a quick ratio of 1.44, a current ratio of 1.48 and a debt-to-equity ratio of 0.74. The stock has a market cap of $76.92 billion, a P/E ratio of 17.56, a P/E/G ratio of 1.67 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 earnings per share (EPS) for the quarter. The business had revenue of $23.26 billion during the quarter. FedEx had a net margin of 4.68% and a return on equity of 16.49%. Sell-side analysts anticipate that FedEx Corporation will post 17.6 earnings per share for the current fiscal year.

FedEx Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Monday, September 14th will be issued 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%.

Insider Activity at FedEx

In other news, Director Paul S. Walsh sold 5,042 shares of the business's stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $324.56, for a total transaction of $1,636,431.52. Following the completion of the sale, the director directly owned 16,359 shares of the company's stock, valued at $5,309,477.04. The trade was a 23.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.53% of the stock is currently owned by insiders.

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 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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