FedEx Corporation $FDX Shares Purchased by Corient Private Wealth LLC

Key Points

• Corient Private Wealth LLC boosted its FedEx stake by 14.8% in the fourth quarter, buying 14,086 additional shares and bringing its holdings to 109,246 shares valued at about $31.6 million.
• Analysts remain mixed on FedEx, with several firms adjusting price targets and the stock holding a consensus rating of Moderate Buy. MarketBeat reports 18 Buy ratings, nine Hold ratings, and two Sell ratings, with a consensus price target of $367.76.
• FedEx recently beat quarterly earnings expectations, posting $5.25 EPS on revenue of $24 billion, while also announcing a quarterly dividend of $1.22 per share payable July 7.

Corient Private Wealth LLC increased its stake in shares of FedEx Corporation (NYSE:FDX - Free Report) by 14.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 109,246 shares of the shipping service provider's stock after buying an additional 14,086 shares during the quarter. Corient Private Wealth LLC's holdings in FedEx were worth $31,561,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. EFG International AG purchased a new position in shares of FedEx during the 4th quarter worth $27,000. Wealth Watch Advisors INC purchased a new stake in shares of FedEx in the third quarter valued at about $28,000. Ameriflex Group Inc. grew its holdings in shares of FedEx by 103.3% in the third quarter. Ameriflex Group Inc. now owns 124 shares of the shipping service provider's stock valued at $29,000 after purchasing an additional 63 shares during the period. Ulland Investment Advisors LLC acquired a new stake in FedEx during the fourth quarter worth about $29,000. Finally, Tucker Asset Management LLC acquired a new stake in FedEx during the fourth quarter worth about $29,000. Institutional investors and hedge funds own 84.47% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on FDX shares. Morgan Stanley boosted their target price on shares of FedEx from $220.00 to $230.00 and gave the company an "underweight" rating in a report on Friday, March 20th. BMO Capital Markets cut their price target on shares of FedEx from $410.00 to $340.00 and set a "market perform" rating for the company in a report on Monday, June 1st. Stifel Nicolaus lifted their price target on shares of FedEx from $425.00 to $442.00 in a research report on Friday, April 10th. Bank of America decreased their price objective on FedEx from $440.00 to $376.00 and set a "buy" rating on the stock in a report on Tuesday, June 2nd. Finally, Citigroup initiated coverage on FedEx in a research note on Thursday, May 21st. They set a "buy" rating and a $443.00 target price for the company. Eighteen equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $367.76.

FedEx Stock Performance

Shares of FDX stock opened at $326.36 on Monday. The firm's 50 day moving average price is $368.64 and its 200-day moving average price is $345.13. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.44 and a current ratio of 1.47. FedEx Corporation has a one year low of $172.88 and a one year high of $345.36. The firm has a market cap of $77.87 billion, a P/E ratio of 17.37, a P/E/G ratio of 1.48 and a beta of 1.28.

FedEx (NYSE:FDX - Get Free Report) last posted its quarterly earnings data on Thursday, March 19th. The shipping service provider reported $5.25 earnings per share for the quarter, topping analysts' consensus estimates of $4.12 by $1.13. The firm had revenue of $24 billion during the quarter, compared to analysts' expectations of $23.44 billion. FedEx had a net margin of 4.88% and a return on equity of 16.76%. The firm's quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter last year, the company posted $4.51 EPS. As a group, equities research analysts predict that FedEx Corporation will post 19.78 EPS for the current year.

FedEx Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Monday, June 22nd will be issued a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Monday, June 22nd. FedEx's payout ratio is currently 30.87%.

Insider Transactions at FedEx

In related news, EVP Kawal Preet sold 4,900 shares of the stock in a transaction dated Tuesday, April 14th. The stock was sold at an average price of $367.89, for a total transaction of $1,802,661.00. Following the transaction, the executive vice president owned 10,953 shares of the company's stock, valued at approximately $4,029,499.17. This represents a 30.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Tracy B. Brightman sold 16,959 shares of the business's stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $363.47, for a total transaction of $6,164,087.73. Following the sale, the executive vice president owned 11,052 shares in the company, valued at $4,017,070.44. This trade represents a 60.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 48,104 shares of company stock worth $17,599,006 over the last quarter. 0.53% of the stock is owned by corporate insiders.

Trending Headlines about FedEx

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: FedEx enters earnings with strong year-to-date gains of roughly 40%, supported by restructuring efforts and improving profitability, which could keep investor sentiment constructive if management delivers another solid outlook.
• Positive Sentiment: Analysts and preview coverage suggest expectations are high but manageable, with consensus forecasts calling for about $5.96 EPS and $24 billion in revenue for the quarter, leaving room for a beat if shipping demand holds up. FedEx (FDX) Q4 Earnings Preview: Should Investors Buy Before Tuesday’s Report?
• Positive Sentiment: Some investors are positioning for volatility around earnings, with options activity highlighting elevated implied volatility ahead of the June 23 release, which often signals a potentially large post-earnings move. Bear Call Spread Ideas for FedEx Earnings Next Week
• Neutral Sentiment: FedEx also received a 2026 FedEx Compatible Community Tier partner announcement from Kuebix by FreightWise, which is a positive ecosystem development but unlikely to materially move the stock on its own. Kuebix by FreightWise Named FedEx Compatible Community Tier Partner for 2026
• Neutral Sentiment: FedEx’s fuel surcharge update, effective June 22, will raise export shipment fees while lowering import rates, a change that could affect mix and customer behavior but is not clearly a major earnings driver yet. FedEx fuel surcharge change raises heat on export shipments
• Negative Sentiment: Evercore trimmed its price target on FedEx to $355 from $390, signaling slightly softer analyst expectations even though the new target still implies upside from current levels. Evercore adjusts price target on FedEx to 355 from 390
• Negative Sentiment: Recent trading also showed FDX slipping more than the broader market, reflecting some pre-earnings caution as investors wait for confirmation that the recent run-up can continue. FedEx (FDX) Sees a More Significant Dip Than Broader Market: Some Facts to Know

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.

Want to see what other hedge funds are holding FDX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FedEx Corporation (NYSE:FDX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.