FedEx Corporation $FDX Shares Sold by Capital International Investors

Key Points

• Capital International Investors cut its stake in FedEx by 42.7%, selling 3,215,346 shares and leaving it with 4,310,402 shares (about 1.83% of the company) worth roughly $1.016 billion.
• FedEx reported a beat for the quarter with EPS $4.82 vs. $4.02 expected and revenue of $23.47 billion vs. $22.79 billion, and set FY2026 guidance of $17.80–$19.00 in EPS (analysts project ~$19.14).
• The company declared a quarterly dividend of $1.45 (annualized $5.80, ~1.6% yield) payable April 1 with record/ex-dividend on March 9, and holds a MarketBeat consensus rating of Moderate Buy with a $366.19 target.

Capital International Investors reduced its stake in FedEx Corporation (NYSE:FDX - Free Report) by 42.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,310,402 shares of the shipping service provider's stock after selling 3,215,346 shares during the quarter. Capital International Investors owned about 1.83% of FedEx worth $1,016,478,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the stock. New York State Teachers Retirement System increased its position in shares of FedEx by 2.3% during the third quarter. New York State Teachers Retirement System now owns 207,077 shares of the shipping service provider's stock worth $48,831,000 after acquiring an additional 4,734 shares during the period. D.A. Davidson & CO. lifted its stake in FedEx by 10.6% during the third quarter. D.A. Davidson & CO. now owns 48,424 shares of the shipping service provider's stock worth $11,419,000 after purchasing an additional 4,634 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of FedEx by 11.2% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 34,958 shares of the shipping service provider's stock valued at $8,243,000 after buying an additional 3,514 shares in the last quarter. Savant Capital LLC lifted its holdings in shares of FedEx by 32.5% in the 3rd quarter. Savant Capital LLC now owns 40,019 shares of the shipping service provider's stock valued at $9,437,000 after purchasing an additional 9,806 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its holdings in shares of FedEx by 34.9% in the third quarter. Pacer Advisors Inc. now owns 24,085 shares of the shipping service provider's stock valued at $5,679,000 after acquiring an additional 6,234 shares during the period. Institutional investors and hedge funds own 84.47% of the company's stock.

FedEx Stock Performance

FedEx stock opened at $361.22 on Tuesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.27 and a quick ratio of 1.23. FedEx Corporation has a 12 month low of $194.29 and a 12 month high of $392.86. The company has a fifty day moving average price of $341.22 and a two-hundred day moving average price of $283.87. The company has a market cap of $84.93 billion, a PE ratio of 19.91, a P/E/G ratio of 1.71 and a beta of 1.29.

FedEx (NYSE:FDX - Get Free Report) last posted its quarterly earnings results on Thursday, December 18th. The shipping service provider reported $4.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.02 by $0.80. FedEx had a net margin of 4.81% and a return on equity of 16.63%. The company had revenue of $23.47 billion for the quarter, compared to the consensus estimate of $22.79 billion. During the same period last year, the firm posted $4.05 EPS. The company's revenue for the quarter was up 6.8% on a year-over-year basis. FedEx has set its FY 2026 guidance at 17.800-19.000 EPS. Research analysts expect that FedEx Corporation will post 19.14 earnings per share for the current year.

FedEx Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Monday, March 9th will be issued a $1.45 dividend. The ex-dividend date of this dividend is Monday, March 9th. This represents a $5.80 annualized dividend and a dividend yield of 1.6%. FedEx's dividend payout ratio (DPR) is 31.97%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on FDX. The Goldman Sachs Group set a $364.00 price target on FedEx and gave the stock a "buy" rating in a report on Thursday, February 12th. Citigroup raised their target price on shares of FedEx from $327.00 to $401.00 and gave the company a "buy" rating in a report on Thursday, February 5th. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $457.00 price target on shares of FedEx in a research note on Friday. TD Cowen boosted their target price on shares of FedEx from $313.00 to $383.00 and gave the company a "buy" rating in a report on Friday, February 13th. Finally, JPMorgan Chase & Co. reissued a "neutral" rating on shares of FedEx in a research report on Tuesday, January 20th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $366.19.

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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