FedEx Corporation $FDX Stock Sold by International Assets Investment Management LLC

Key Points

• International Assets Investment Management LLC cut its FedEx stake by 94.3% in the third quarter, selling 327,226 shares and retaining 19,853 shares worth approximately $5.66 million. Institutional investors collectively own 84.47% of FedEx.
• FedEx reported fiscal third-quarter adjusted EPS of $3.74, exceeding estimates, while revenue rose 12.3% year over year to $22.93 billion. The company also raised fiscal 2026 guidance and authorized approximately $2 billion in share repurchases.
• Analyst sentiment is broadly positive, with JPMorgan and HSBC raising their views and FedEx carrying a “Moderate Buy” consensus rating with an average price target of $365.84. However, margin pressure, higher costs, soft shipment volumes and a recent $8.4 million executive share sale remain concerns.

International Assets Investment Management LLC lowered its stake in FedEx Corporation (NYSE:FDX - Free Report) by 94.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,853 shares of the shipping service provider's stock after selling 327,226 shares during the quarter. International Assets Investment Management LLC's holdings in FedEx were worth $5,660,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. CHICAGO TRUST Co NA bought a new stake in FedEx during the 3rd quarter valued at $222,000. VIRGINIA RETIREMENT SYSTEMS ET Al raised its stake in shares of FedEx by 9.2% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 156,750 shares of the shipping service provider's stock valued at $44,688,000 after buying an additional 13,200 shares during the period. Soltis Investment Advisors LLC raised its stake in shares of FedEx by 26.8% during the 3rd quarter. Soltis Investment Advisors LLC now owns 3,199 shares of the shipping service provider's stock valued at $912,000 after purchasing an additional 676 shares during the period. Founders Financial Securities LLC raised its holdings in shares of FedEx by 27.4% in the 3rd quarter. Founders Financial Securities LLC now owns 1,251 shares of the shipping service provider's stock valued at $357,000 after acquiring an additional 269 shares in the last quarter. Finally, United Asset Strategies Inc. grew its position in FedEx by 5.0% in the third quarter. United Asset Strategies Inc. now owns 967 shares of the shipping service provider's stock worth $276,000 after acquiring an additional 46 shares in the last quarter. 84.47% of the stock is owned by institutional investors.

More FedEx News

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

FedEx Price Performance

Shares of FDX opened at $313.45 on Monday. The stock has a market cap of $73.41 billion, a PE ratio of 19.28, a price-to-earnings-growth ratio of 1.26 and a beta of 1.27. FedEx Corporation has a 1-year low of $198.00 and a 1-year high of $345.36. The firm has a fifty day moving average price of $304.30 and a 200 day moving average price of $337.14. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.33 and a quick ratio of 1.29.

FedEx (NYSE:FDX - Get Free Report) last released its earnings results on Wednesday, October 28th. The shipping service provider reported $3.74 EPS for the quarter, topping the consensus estimate 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 15.53%. The business's revenue was up 12.3% on a year-over-year basis. During the same quarter last year, the business earned $3.83 EPS. As a group, sell-side analysts anticipate that FedEx Corporation will post 18.28 EPS for the current year.

FedEx Announces Dividend

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

Analyst Upgrades and Downgrades

FDX has been the subject of several research analyst reports. JPMorgan Chase & Co. raised their price objective on shares of FedEx from $399.00 to $400.00 and gave the stock an "overweight" rating in a report on Thursday. BNP Paribas Exane increased their price objective on shares of FedEx from $269.80 to $300.00 and gave the company a "neutral" rating in a report on Wednesday, September 30th. Citizens Jmp initiated coverage on shares of FedEx in a report on Wednesday, July 15th. They issued a "market outperform" rating and a $375.00 target price for the company. Wall Street Zen upgraded FedEx to a "hold" rating in a report on Saturday, August 8th. Finally, HSBC raised FedEx from a "hold" rating to a "buy" rating and set a $370.00 price objective on the stock in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $365.84.

Insider Activity at FedEx

In other news, EVP Tracy Brightman sold 26,611 shares of the firm's stock in a transaction dated Friday, October 30th. The shares were 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 of the company's stock, valued at approximately $3,877,746.60. This trade represents a 68.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.65% of the company's stock.

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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