FedEx Corporation $FDX Stock: Sumitomo Mitsui Trust Group Inc. Cuts Position

Key Points

• Sumitomo Mitsui Trust Group reduced its FedEx stake by 4.4%, selling 23,195 shares and retaining 501,692 shares valued at approximately $143 million. Institutional investors collectively own 84.47% of the company.
• FedEx reported quarterly EPS of $3.74, beating the $3.34 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 favorable, with a consensus rating of “Moderate Buy” and an average price target of $365.84, compared with the stock’s reported price of $313.45.

Sumitomo Mitsui Trust Group Inc. lessened its position in FedEx Corporation (NYSE:FDX - Free Report) by 4.4% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 501,692 shares of the shipping service provider's stock after selling 23,195 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.21% of FedEx worth $143,027,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. acquired a new position in FedEx during the third quarter worth $17,743,000. Aviance Capital Partners LLC lifted its holdings in FedEx by 11.5% in the third quarter. Aviance Capital Partners LLC now owns 3,439 shares of the shipping service provider's stock valued at $981,000 after acquiring an additional 354 shares during the period. ProShare Advisors LLC boosted its position in shares of FedEx by 18.0% during the 3rd quarter. ProShare Advisors LLC now owns 40,049 shares of the shipping service provider's stock worth $11,418,000 after purchasing an additional 6,120 shares in the last quarter. Vise Technologies Inc. boosted its position in shares of FedEx by 19.8% during the 3rd quarter. Vise Technologies Inc. now owns 15,006 shares of the shipping service provider's stock worth $4,278,000 after purchasing an additional 2,485 shares in the last quarter. Finally, Moss Adams Wealth Advisors LLC boosted its position in shares of FedEx by 13.8% during the 3rd quarter. Moss Adams Wealth Advisors LLC now owns 1,917 shares of the shipping service provider's stock worth $549,000 after purchasing an additional 233 shares in the last quarter. Hedge funds and other institutional investors own 84.47% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on FDX shares. Evercore increased their price target on shares of FedEx from $350.00 to $351.00 in a report on Monday, September 28th. Weiss Ratings lowered shares of FedEx from a "hold (c+)" rating to a "hold (c)" rating in a research report on Thursday. Bank of America dropped their target price on shares of FedEx from $378.00 to $359.00 and set a "buy" rating for the company in a report on Tuesday, October 27th. BNP Paribas Exane lifted their price target on shares of FedEx from $269.80 to $300.00 and gave the company a "neutral" rating in a research report on Wednesday, September 30th. Finally, JPMorgan Chase & Co. lifted their price target on shares of FedEx from $399.00 to $400.00 and gave the company an "overweight" rating in a research report on Thursday. One 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 company's 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 Trading Up 0.1%

NYSE FDX opened at $313.45 on Monday. The company has a market cap of $73.41 billion, a P/E ratio of 19.28, a P/E/G ratio of 1.26 and a beta of 1.27. FedEx Corporation has a 12 month low of $198.00 and a 12 month 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 50-day moving average of $304.30 and a 200-day moving average of $337.14.

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

FedEx Dividend Announcement

The company 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. This represents a $4.88 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Monday, September 14th. FedEx's payout ratio is currently 30.01%.

Insider Buying and Selling at FedEx

In other news, EVP Tracy Brightman sold 26,611 shares of the business's stock in a transaction dated 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 sale, the executive vice president owned 12,245 shares in the company, valued at approximately $3,877,746.60. The trade was a 68.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.65% 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 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 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.

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