FedEx Corporation $FDX Shares Sold by Generali Asset Management SPA SGR

Key Points

• Generali Asset Management cut its FedEx stake by 21.4% during the third quarter, selling 3,335 shares and retaining 12,274 shares valued at approximately $3.5 million. Institutional investors collectively own 84.47% of FedEx.
• FedEx exceeded quarterly expectations with adjusted EPS of $3.74 versus $3.34 expected and revenue of $22.93 billion, up 12.3% year over year. Management also raised its full-year outlook, supported by stronger package yields, volume growth and cost savings.
• Analysts maintain a generally positive view, with a consensus “Moderate Buy” rating and an average price target of $365.84, although rising transportation costs, domestic margin pressure and a softer holiday outlook remain risks.

Generali Asset Management SPA SGR lowered its stake in shares of FedEx Corporation (NYSE:FDX - Free Report) by 21.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,274 shares of the shipping service provider's stock after selling 3,335 shares during the period. Generali Asset Management SPA SGR's holdings in FedEx were worth $3,499,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. OMERS ADMINISTRATION Corp lifted its stake in FedEx by 104.9% in the first quarter. OMERS ADMINISTRATION Corp now owns 17,319 shares of the shipping service provider's stock valued at $6,169,000 after acquiring an additional 8,868 shares during the last quarter. First Nebraska Trust Co acquired a new position in shares of FedEx during the 1st quarter worth about $10,675,000. NewEdge Advisors LLC increased its stake in shares of FedEx by 74.1% during the 2nd quarter. NewEdge Advisors LLC now owns 34,354 shares of the shipping service provider's stock worth $10,757,000 after purchasing an additional 14,624 shares during the last quarter. Archer Investment Corp acquired a new position in shares of FedEx during the 2nd quarter worth about $1,147,000. Finally, Tidal Investments LLC raised its holdings in shares of FedEx by 9.8% in the 2nd quarter. Tidal Investments LLC now owns 48,662 shares of the shipping service provider's stock valued at $15,238,000 after purchasing an additional 4,340 shares during the period. Institutional investors own 84.47% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on FDX shares. Weiss Ratings downgraded shares of FedEx from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, September 2nd. Sanford C. Bernstein set a $377.00 price target on FedEx in a report on Monday. BNP Paribas Exane boosted their price target on FedEx from $269.80 to $300.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 30th. Bank of America dropped their price objective on FedEx from $378.00 to $359.00 and set a "buy" rating on the stock in a research note on Tuesday. Finally, Stephens raised FedEx to a "strong-buy" rating in a research report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $365.84.

FedEx News Summary

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: Results exceeded expectations: FedEx reported adjusted earnings of $3.74 per share versus the $3.34 consensus and revenue of approximately $22.9 billion, up about 12% year over year and ahead of estimates. Higher package yields, volume growth and cost savings supported profitability. FedEx beats expectations, raises outlook in first report since calendar adjustment
• Positive Sentiment: 2026 guidance increased: Management raised its full-year outlook, including a roughly 12% revenue-growth expectation and adjusted EPS guidance of about $18.60. Premium shipping demand, network optimization and cost reductions are helping offset higher fuel and transportation expenses. FedEx forecasts annual profit above estimates
• Positive Sentiment: Shareholder returns and growth opportunities: FedEx repurchased approximately $2 billion of stock during the quarter, with additional buyback capacity remaining. The company is also attracting parcel-focused customers to its air-freight services, including shipments tied to AI and data-center infrastructure. FedEx drawing parcel-focused shippers to its air freight services
• Positive Sentiment: Analyst support strengthened: HSBC upgraded FDX to Buy with a $370 price target, while JPMorgan maintained an Overweight rating and lifted its target to $400, signaling substantial potential upside in analysts’ view. HSBC upgrades FedEx to Buy
• Neutral Sentiment: Investors are comparing FedEx’s strong performance with United Parcel Service’s results, with both shipping companies beating quarterly estimates and raising outlooks. UPS vs. FedEx: Which Stock Is the Better Buy After Strong Q3 Results?
• Negative Sentiment: Margin and earnings-quality risks remain: Rising transportation costs, domestic margin pressure and a softer holiday-quarter outlook could limit near-term upside. GAAP net income also fell sharply, partly because of a loss tied to FedEx Freight, even though adjusted earnings improved. FedEx's soft holiday-quarter outlook

FedEx Price Performance

NYSE:FDX opened at $307.55 on Friday. The company has a market cap of $72.79 billion, a P/E ratio of 18.91, a P/E/G ratio of 1.23 and a beta of 1.28. The firm's fifty day moving average price is $304.55 and its two-hundred day moving average price is $337.13. 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 0.74, a current ratio of 1.48 and a quick ratio of 1.44.

FedEx (NYSE:FDX - Get Free Report) last posted its earnings results on Wednesday, October 28th. The shipping service provider reported $3.74 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.34 by $0.40. The company had revenue of $22.93 billion during the quarter, compared to analysts' expectations of $22.73 billion. FedEx had a net margin of 4.09% and a return on equity of 16.15%. FedEx's quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter last year, the company posted $3.83 EPS. Equities analysts expect that FedEx Corporation will post 18.27 earnings per share for the current year.

FedEx Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Monday, September 14th were issued a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Monday, September 14th. FedEx's dividend payout ratio is currently 26.36%.

FedEx Company Profile

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.

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.