Northwestern Mutual Wealth Management Co. Makes New Investment in FedEx Corporation $FDX

Key Points

• Northwestern Mutual Wealth Management purchased 25,621 FedEx shares in the second quarter, valued at approximately $8 million. Institutional investors collectively own 84.47% of FedEx’s outstanding stock.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $350.54, despite several recent target-price reductions.
• FedEx reported quarterly revenue of $23.26 billion and earnings of $5.88 per share, while maintaining its quarterly dividend at $1.22 per share, equivalent to a 1.5% yield.

Northwestern Mutual Wealth Management Co. purchased a new position in FedEx Corporation (NYSE:FDX - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 25,621 shares of the shipping service provider's stock, valued at approximately $8,023,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Hollencrest Capital Management bought a new stake in FedEx in the 1st quarter worth about $25,000. Bayban purchased a new stake in shares of FedEx during the 1st quarter valued at about $26,000. EFG International AG purchased a new stake in shares of FedEx during the 4th quarter valued at about $27,000. Wealth Watch Advisors INC bought a new stake in shares of FedEx in the third quarter worth approximately $28,000. Finally, Tucker Asset Management LLC bought a new stake in shares of FedEx in the fourth quarter worth approximately $29,000. 84.47% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on FDX shares. Jefferies Financial Group started coverage on shares of FedEx in a research report on Tuesday, June 23rd. They set a "buy" rating and a $200.00 price objective on the stock. Weiss Ratings raised shares of FedEx from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Tuesday, August 18th. Wells Fargo & Company cut their target price on shares of FedEx from $450.00 to $425.00 and set an "overweight" rating for the company in a research report on Wednesday, June 17th. Truist Financial decreased their target price on shares of FedEx from $425.00 to $365.00 and set a "buy" rating for the company in a research note on Thursday, June 25th. Finally, Evercore set a $165.00 price target on FedEx in a report on Friday, June 26th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $350.54.

Insider Buying and Selling

In other FedEx news, Director Paul S. Walsh sold 5,042 shares of the firm's stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $324.56, for a total transaction of $1,636,431.52. Following the sale, the director owned 16,359 shares in the company, valued at approximately $5,309,477.04. This trade represents a 23.56% 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.

More FedEx News

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 Price Performance

NYSE FDX opened at $325.03 on Monday. The business's fifty day moving average is $319.03 and its 200 day moving average is $351.65. FedEx Corporation has a fifty-two week low of $177.05 and a fifty-two 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. The company has a market capitalization of $76.92 billion, a PE ratio of 17.56, a price-to-earnings-growth ratio of 1.67 and a beta of 1.30.

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

FedEx Dividend Announcement

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

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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