FedEx Corporation $FDX Position Lessened by Heritage Investors Management Corp

Key Points

• Heritage Investors Management Corp. reduced its FedEx stake by 8.8% in the third quarter, selling 8,783 shares and retaining 91,379 shares valued at approximately $26.1 million. Institutional investors collectively own 84.47% of FedEx.
• FedEx reported quarterly EPS of $3.74, beating the $3.34 analyst consensus, while revenue rose 12.3% year over year to $22.93 billion. The company also pays a $1.22 quarterly dividend, equivalent to a 1.6% yield.
• Analyst sentiment remains positive, with FedEx receiving a “Moderate Buy” consensus rating and an average price target of $365.84, although an executive’s $8.4 million stock sale and ongoing margin and volume concerns may weigh on sentiment.

Heritage Investors Management Corp decreased its holdings in FedEx Corporation (NYSE:FDX - Free Report) by 8.8% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 91,379 shares of the shipping service provider's stock after selling 8,783 shares during the quarter. Heritage Investors Management Corp's holdings in FedEx were worth $26,051,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hollencrest Capital Management purchased a new position in shares of FedEx in the first quarter worth $25,000. Solstein Capital LLC bought a new position in FedEx in the 2nd quarter worth $27,000. Trifecta Capital Advisors LLC grew its stake in shares of FedEx by 3,233.3% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 100 shares of the shipping service provider's stock valued at $29,000 after acquiring an additional 97 shares during the period. C M Bidwell & Associates Ltd. purchased a new stake in shares of FedEx in the second quarter worth $31,000. Finally, Cedar Mountain Advisors LLC increased its stake in shares of FedEx by 77.4% in the first quarter. Cedar Mountain Advisors LLC now owns 94 shares of the shipping service provider's stock worth $33,000 after purchasing an additional 41 shares in the last quarter. Institutional investors own 84.47% of the company's stock.

FedEx Stock Up 0.1%

NYSE:FDX opened at $313.45 on Monday. FedEx Corporation has a one year low of $198.00 and a one year high of $345.36. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.33 and a quick ratio of 1.29. The company has a market cap of $73.41 billion, a PE ratio of 19.28, a P/E/G ratio of 1.26 and a beta of 1.27. The firm's 50 day simple moving average is $304.30 and its 200 day simple moving average is $337.14.

FedEx (NYSE:FDX - Get Free Report) last released its earnings results on Wednesday, October 28th. The shipping service provider reported $3.74 earnings per share for the quarter, beating analysts' consensus estimates of $3.34 by $0.40. FedEx had a net margin of 4.09% and a return on equity of 15.53%. The business had revenue of $22.93 billion during the quarter, compared to the consensus estimate of $22.73 billion. During the same quarter in the prior year, the firm posted $3.83 EPS. The company's revenue for the quarter was up 12.3% compared to the same quarter last year. On average, research analysts anticipate that FedEx Corporation will post 18.28 earnings per share for the current year.

FedEx Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Monday, September 14th were paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Monday, September 14th. FedEx's payout ratio is presently 30.01%.

Insider Buying and Selling

In related news, EVP Tracy Brightman sold 26,611 shares of FedEx stock in a transaction that occurred on Friday, October 30th. The stock was sold at an average price of $316.68, for a total transaction of $8,427,171.48. Following the completion of the transaction, the executive vice president directly owned 12,245 shares in the company, valued at approximately $3,877,746.60. This trade represents a 68.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.65% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on FDX shares. HSBC raised shares of FedEx from a "hold" rating to a "buy" rating and set a $370.00 price target for the company in a research report on Thursday. Wall Street Zen raised FedEx to a "hold" rating in a report on Saturday, August 8th. Evercore raised their price objective on FedEx from $350.00 to $351.00 in a report on Monday, September 28th. Raymond James Financial reissued an "outperform" rating on shares of FedEx in a report on Thursday, October 15th. Finally, Truist Financial decreased their target price on FedEx from $365.00 to $350.00 and set a "buy" rating for the company in a research report on Wednesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $365.84.

Trending Headlines about FedEx

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: FedEx raised its fiscal 2026 guidance to adjusted EPS of $18.00–$18.60, above the $17.85 consensus estimate, and forecast revenue of approximately $98.4 billion versus expectations of $91.6 billion. FedEx raises 2026 earnings outlook as quarterly revenue jumps
• Positive Sentiment: Fiscal third-quarter adjusted EPS of $3.74 exceeded the $3.34 analyst consensus, while revenue reached about $22.9 billion, helped by higher package yields, volume growth and cost savings. Management also authorized roughly $2 billion in share repurchases during the quarter. FedEx Q3 earnings top estimates
• Positive Sentiment: Analyst sentiment improved: JPMorgan raised its price target to $400 while maintaining an overweight rating, and HSBC upgraded FedEx to Buy with a $370 target. Investors are also watching increased air-freight demand from data-center and other high-value customers. JPMorgan FedEx rating
• Neutral Sentiment: FedEx Freight reported improving adjusted revenue, operating income and margins in its first standalone results, and raised its outlook. However, continued soft shipment volumes mean future gains depend heavily on maintaining pricing discipline. FedEx Freight pricing outlook
• Negative Sentiment: Investors remain concerned about weaker GAAP operating margins, rising fuel and transportation costs, and a $1.2 billion loss tied to FedEx’s Freight investment. The holiday-quarter outlook was viewed as relatively soft, while domestic margin pressure and uncertain volumes could limit upside.
• Negative Sentiment: Executive Vice President Tracy Brightman sold 26,611 FedEx shares for approximately $8.4 million, reducing her holdings by about 68%. Insider sales do not necessarily indicate a change in fundamentals, but the transaction may temper sentiment at the margin. SEC insider transaction filing

About FedEx

FedEx Corporation NYSE: FDX is a global transportation, e-commerce and business services company headquartered in Memphis, Tennessee. Through its operating companies, FedEx provides time-definite express delivery, ground shipping, freight transportation, customs brokerage, logistics and supply chain services for businesses, governments and consumers.

The company's services include domestic and international package delivery, less-than-truckload freight transportation, warehousing, fulfillment, supply chain management and specialized logistics solutions.

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