Korea Investment CORP Invests $64.80 Million in FedEx Corporation $FDX

Key Points

• Korea Investment CORP acquired 206,947 FedEx shares worth approximately $64.8 million during the second quarter, giving it a 0.09% stake. Institutional investors collectively own 84.47% of FedEx.
• Analyst sentiment remains positive but cautious, with FedEx receiving a consensus “Moderate Buy” rating and an average price target of $350.54; several firms recently lowered their targets.
• FedEx reported quarterly revenue of $23.26 billion and EPS of $5.88, while maintaining its $1.22 quarterly dividend, or $4.88 annually, representing a 1.5% yield.

Korea Investment CORP purchased a new stake in shares of FedEx Corporation (NYSE:FDX - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 206,947 shares of the shipping service provider's stock, valued at approximately $64,801,000. Korea Investment CORP owned about 0.09% of FedEx as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. EP Wealth Advisors LLC bought a new position in FedEx in the 2nd quarter worth approximately $4,573,000. Ieq Capital LLC acquired a new stake in shares of FedEx during the 2nd quarter valued at about $56,186,000. Callan Family Office LLC bought a new stake in shares of FedEx in the 2nd quarter valued at approximately $12,738,000. C M Bidwell & Associates Ltd. bought a new stake in FedEx in the second quarter valued at $31,000. Finally, Keating Financial Advisory Services Inc. acquired a new stake in shares of FedEx during the 2nd quarter worth about $199,000. 84.47% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on FDX shares. BMO Capital Markets reiterated a "market perform" rating on shares of FedEx in a research report on Wednesday, June 24th. Stephens upgraded FedEx to a "strong-buy" rating in a report on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft cut shares of FedEx from a "buy" rating to a "hold" rating in a research report on Wednesday, May 27th. TD Cowen decreased their price objective on FedEx from $426.00 to $354.00 in a research report on Wednesday, June 24th. Finally, Stifel Nicolaus dropped their price target on FedEx from $442.00 to $326.00 and set a "buy" rating on the stock in a research note on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $350.54.

FedEx News Summary

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: FedEx’s board declared a quarterly cash dividend of $1.22 per share, payable October 1 to shareholders of record on September 14. The unchanged dividend reinforces the company’s commitment to returning capital and may support income-oriented investor interest. FedEx Corp. Board Declares Quarterly Dividend
• Positive Sentiment: FedEx and UPS reportedly secured modifications to government delivery contracts, potentially providing additional volume and revenue visibility for FedEx’s network. UPS and FedEx land government delivery contract modifications
• Neutral Sentiment: Wall Street analysts remain cautiously optimistic about FedEx, citing its strong performance over the past year but maintaining a measured outlook on future prospects. This suggests support for the stock but limited expectations for near-term upside. Are Wall Street Analysts Bullish on FedEx Stock?
• Negative Sentiment: Reports that UPS, FedEx and DHL are returning billions in tariff-related charges to eligible U.S. customers could create reimbursement costs and administrative complexity, although the ultimate financial impact on FedEx remains unclear. UPS, FedEx and DHL are giving back billions in Trump tariffs
• Negative Sentiment: FedEx reportedly paid its top executives $81 million in fiscal 2026, a 131% increase from the prior year. The sharp rise may draw investor scrutiny regarding compensation discipline and corporate governance. Memphis-based FedEx paid top executives $81M
• Negative Sentiment: Amazon’s planned expansion of drone delivery to nearly 500 U.S. cities increases competitive pressure in last-mile shipping and could challenge FedEx’s parcel volumes over time. Amazon to Bring Drone Delivery to 500 Cities

FedEx Stock Performance

FDX opened at $325.03 on Friday. The firm has a market cap of $76.92 billion, a P/E ratio of 17.56, a price-to-earnings-growth ratio of 1.68 and a beta of 1.30. The business's fifty day moving average is $319.03 and its 200-day moving average is $351.53. FedEx Corporation has a 52-week low of $177.05 and a 52-week high of $345.36. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.44 and a current ratio of 1.48.

FedEx (NYSE:FDX - Get Free Report) last announced its quarterly earnings data on Tuesday, July 21st. The shipping service provider reported $5.88 earnings per share (EPS) for the quarter. FedEx had a net margin of 4.68% and a return on equity of 16.49%. The business had revenue of $23.26 billion for the quarter. Sell-side analysts expect that FedEx Corporation will post 17.6 EPS for the current fiscal year.

FedEx Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Monday, September 14th will be given a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 1.5%. The ex-dividend date is Monday, September 14th. FedEx's dividend payout ratio is 26.36%.

Insiders Place Their Bets

In other FedEx news, Director Paul S. Walsh sold 5,042 shares of the company's stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $324.56, for a total value of $1,636,431.52. Following the sale, the director owned 16,359 shares in the company, valued at approximately $5,309,477.04. The trade was a 23.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.53% of the stock is owned by insiders.

About FedEx

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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