Legal & General Group Plc Buys 50,161 Shares of FedEx Corporation $FDX

Key Points

• Legal & General Group Plc boosted its FedEx stake by 3.5% in Q3, buying 50,161 shares to hold 1,483,640 shares (about 0.63% of the company) valued at roughly $349.86 million.
• FedEx beat quarterly estimates with $4.82 EPS and $23.47B revenue, set FY2026 guidance of $17.80–19.00 EPS, and has seen multiple analyst price-target upgrades that leave a consensus "Moderate Buy" with an average target of $371.
• Shares have recently outperformed peers—briefly surpassing UPS in market value—and FedEx announced a $1.45 quarterly dividend (annualized $5.80, ~1.6% yield) with an ex-dividend date of March 9.

Legal & General Group Plc boosted its stake in FedEx Corporation (NYSE:FDX - Free Report) by 3.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,483,640 shares of the shipping service provider's stock after purchasing an additional 50,161 shares during the quarter. Legal & General Group Plc owned about 0.63% of FedEx worth $349,857,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Grey Fox Wealth Advisors LLC purchased a new position in FedEx during the 3rd quarter valued at approximately $27,000. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of FedEx during the 2nd quarter worth approximately $28,000. Ameriflex Group Inc. boosted its position in shares of FedEx by 103.3% during the 3rd quarter. Ameriflex Group Inc. now owns 124 shares of the shipping service provider's stock valued at $29,000 after acquiring an additional 63 shares during the last quarter. Abich Financial Wealth Management LLC bought a new position in shares of FedEx during the 3rd quarter valued at approximately $39,000. Finally, Physician Wealth Advisors Inc. grew its holdings in shares of FedEx by 27.5% in the third quarter. Physician Wealth Advisors Inc. now owns 218 shares of the shipping service provider's stock valued at $51,000 after purchasing an additional 47 shares in the last quarter. Hedge funds and other institutional investors own 84.47% of the company's stock.

Trending Headlines about FedEx

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: FedEx has quietly surpassed UPS in market value for the first time, a symbolic milestone that markets view as a vote of confidence in FedEx’s recent operational and financial recovery. UPS Falls 11% — And FedEx Just Stole Its Crown
• Positive Sentiment: Coverage and sector comparisons highlight FedEx’s stronger recent performance vs. peers, supporting investor interest in FDX as a beneficiary of shifting market share in parcel/logistics. Is FedEx Corporation Stock Outperforming the Dow?
• Neutral Sentiment: JPMorgan raised its price target on FedEx to $424 from $294 (now a 17%+ upside from current levels) but kept a "neutral" rating — a bullish PT but neutral stance that tempers immediate upgrade-driven buying. Benzinga
• Neutral Sentiment: Industry pieces and roundups (Auto & Transport) are keeping FedEx in focus; these items provide context for seasonal demand and competitive positioning but contain no firm-specific catalysts. Auto & Transport Roundup: Market Talk
• Neutral Sentiment: Industry recognition items (Women In Trucking finalists) highlight labor and public-image themes for trucking/logistics but are unlikely to move FDX stock materially on their own. Women In Trucking Association Announces 2026 Driver of the Year Finalists
• Negative Sentiment: Rising oil/pricing headwinds and sector volatility that pressured UPS could spill over to FedEx; combined with today’s below-average trading volume, these factors could limit upside or make FDX more volatile near-term. UPS Stock Is Deep in Oversold Territory. Should You Buy the Dip?

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Jefferies Financial Group upped their price target on shares of FedEx from $425.00 to $450.00 and gave the company a "buy" rating in a research note on Tuesday, March 3rd. TD Cowen lifted their price objective on shares of FedEx from $313.00 to $383.00 and gave the stock a "buy" rating in a research note on Friday, February 13th. Zacks Research upgraded shares of FedEx from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 17th. Sanford C. Bernstein restated an "outperform" rating and set a $457.00 target price on shares of FedEx in a research report on Friday, March 6th. Finally, Oppenheimer reaffirmed a "market perform" rating on shares of FedEx in a report on Friday, December 19th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, FedEx currently has an average rating of "Moderate Buy" and a consensus target price of $371.00.

FedEx Stock Up 0.5%

Shares of FDX opened at $361.13 on Thursday. The company has a quick ratio of 1.23, a current ratio of 1.27 and a debt-to-equity ratio of 0.72. The business has a fifty day moving average of $344.03 and a 200 day moving average of $285.27. The company has a market cap of $84.91 billion, a PE ratio of 19.91, a P/E/G ratio of 1.71 and a beta of 1.29. FedEx Corporation has a 52-week low of $194.29 and a 52-week high of $392.86.

FedEx (NYSE:FDX - Get Free Report) last posted its quarterly earnings data on Thursday, December 18th. The shipping service provider reported $4.82 earnings per share for the quarter, beating 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 business had revenue of $23.47 billion for the quarter, compared to analysts' expectations of $22.79 billion. The business's revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.05 earnings per share. FedEx has set its FY 2026 guidance at 17.800-19.000 EPS. On average, sell-side analysts expect that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Announces Dividend

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

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.

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.