Pitcairn Co. Sells 3,285 Shares of FedEx Corporation $FDX

Key Points

• Pitcairn Co. reduced its FedEx stake by 71.9% in Q3, selling 3,285 shares and retaining 1,284 shares worth about $303,000.
• Analysts show a consensus rating of Moderate Buy on FDX with an average target of $366.19, and several firms recently raised price targets (e.g., Argus to $350, Deutsche Bank to $479, BofA to $414).
• FedEx topped quarterly estimates with EPS of $4.82 (vs. $4.02) and $23.47B revenue, set FY2026 guidance of $17.80–$19.00 EPS, and announced a $1.45 quarterly dividend (1.6% yield).

Pitcairn Co. lessened its holdings in shares of FedEx Corporation (NYSE:FDX - Free Report) by 71.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,284 shares of the shipping service provider's stock after selling 3,285 shares during the period. Pitcairn Co.'s holdings in FedEx were worth $303,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BHK Investment Advisors LLC grew its holdings in FedEx by 1.4% during the 3rd quarter. BHK Investment Advisors LLC now owns 3,074 shares of the shipping service provider's stock worth $725,000 after acquiring an additional 41 shares during the last quarter. Probity Advisors Inc. raised its stake in shares of FedEx by 2.2% in the third quarter. Probity Advisors Inc. now owns 1,981 shares of the shipping service provider's stock worth $467,000 after acquiring an additional 43 shares during the last quarter. Joel Isaacson & Co. LLC lifted its position in shares of FedEx by 1.7% during the third quarter. Joel Isaacson & Co. LLC now owns 2,617 shares of the shipping service provider's stock worth $617,000 after purchasing an additional 44 shares in the last quarter. Triglav Investments D.O.O. lifted its position in shares of FedEx by 0.8% during the third quarter. Triglav Investments D.O.O. now owns 5,704 shares of the shipping service provider's stock worth $1,344,000 after purchasing an additional 44 shares in the last quarter. Finally, NORTHSTAR ASSET MANAGEMENT Co grew its stake in shares of FedEx by 1.2% during the third quarter. NORTHSTAR ASSET MANAGEMENT Co now owns 3,890 shares of the shipping service provider's stock valued at $917,000 after purchasing an additional 45 shares during the last quarter. 84.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

FDX has been the subject of several research analyst reports. Argus boosted their price objective on shares of FedEx from $250.00 to $350.00 and gave the stock a "buy" rating in a research report on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $479.00 price objective on shares of FedEx in a research report on Friday, February 13th. Evercore boosted their target price on FedEx from $364.00 to $380.00 in a research report on Tuesday, February 24th. JPMorgan Chase & Co. reaffirmed a "neutral" rating on shares of FedEx in a research note on Tuesday, January 20th. Finally, Bank of America raised their price target on FedEx from $408.00 to $414.00 and gave the company a "buy" rating in a report on Tuesday, February 10th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, FedEx presently has a consensus rating of "Moderate Buy" and an average target price of $366.19.

FedEx Stock Performance

Shares of FedEx stock opened at $361.22 on Tuesday. The firm has a fifty day moving average of $341.22 and a two-hundred day moving average of $283.87. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.23 and a current ratio of 1.27. The stock has a market capitalization of $84.93 billion, a price-to-earnings ratio of 19.91, a PEG 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 results on Thursday, December 18th. The shipping service provider reported $4.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.02 by $0.80. The business had revenue of $23.47 billion for the quarter, compared to analyst estimates of $22.79 billion. FedEx had a return on equity of 16.63% and a net margin of 4.81%.The firm's revenue was up 6.8% on a year-over-year basis. During the same period last year, the company earned $4.05 EPS. FedEx has set its FY 2026 guidance at 17.800-19.000 EPS. As a group, equities research analysts predict that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Monday, March 9th will be given a dividend of $1.45 per share. This represents a $5.80 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Monday, March 9th. FedEx's payout ratio is presently 31.97%.

FedEx Company 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.

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