Sumitomo Mitsui Trust Group Inc. Acquires 51,252 Shares of FedEx Corporation $FDX

Key Points

• Sumitomo Mitsui Trust Group increased its stake in FedEx by 9.8%, buying an additional 51,252 shares to hold 573,551 shares (about 0.24% of the company) valued at roughly $165.68 million.
• FedEx beat expectations with quarterly EPS of $5.25 versus $4.12 consensus and $24 billion in revenue vs $23.44 billion, and management raised FY‑2026 guidance while outlining a FedEx Freight spinoff (targeting ~June 1) and reaching a tentative pilot wage deal that reduces strike risk.
• Analyst sentiment is largely positive with a consensus "Moderate Buy" and a $398.04 average price target after multiple upward revisions, and the company pays a quarterly dividend of $1.45 (annualized $5.80, ~1.6% yield).

Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of FedEx Corporation (NYSE:FDX - Free Report) by 9.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 573,551 shares of the shipping service provider's stock after buying an additional 51,252 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.24% of FedEx worth $165,676,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Ulland Investment Advisors LLC bought a new position in shares of FedEx in the fourth quarter valued at about $29,000. ORG Partners LLC grew its stake in FedEx by 50.0% during the fourth quarter. ORG Partners LLC now owns 105 shares of the shipping service provider's stock worth $30,000 after buying an additional 35 shares in the last quarter. Grey Fox Wealth Advisors LLC acquired a new stake in FedEx during the third quarter worth about $27,000. Wealth Watch Advisors INC acquired a new stake in FedEx during the third quarter worth about $28,000. Finally, Ameriflex Group Inc. lifted its holdings in shares of FedEx by 103.3% in the third quarter. Ameriflex Group Inc. now owns 124 shares of the shipping service provider's stock worth $29,000 after acquiring an additional 63 shares during the last quarter. Institutional investors and hedge funds own 84.47% of the company's stock.

FedEx Price Performance

FDX opened at $373.98 on Monday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.47 and a quick ratio of 1.44. The company has a market capitalization of $89.23 billion, a price-to-earnings ratio of 19.90, a P/E/G ratio of 1.64 and a beta of 1.28. The firm's fifty day moving average price is $365.77 and its two-hundred day moving average price is $305.58. FedEx Corporation has a 1 year low of $199.85 and a 1 year high of $392.86.

FedEx (NYSE:FDX - Get Free Report) last posted its quarterly earnings data on Thursday, March 19th. The shipping service provider reported $5.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.12 by $1.13. The firm had revenue of $24 billion for the quarter, compared to the consensus estimate of $23.44 billion. FedEx had a net margin of 4.88% and a return on equity of 16.76%. The business's revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.51 EPS. As a group, analysts anticipate that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Monday, March 9th were issued a dividend of $1.45 per share. This represents a $5.80 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Monday, March 9th. FedEx's payout ratio is currently 30.87%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on FDX. Raymond James Financial increased their target price on shares of FedEx from $305.00 to $410.00 and gave the stock an "outperform" rating in a report on Friday, February 13th. Argus raised their price target on shares of FedEx from $350.00 to $400.00 and gave the stock a "buy" rating in a report on Monday, April 6th. Jefferies Financial Group raised their price objective on shares of FedEx from $425.00 to $450.00 and gave the stock a "buy" rating in a research report on Tuesday, March 3rd. Barclays raised their price objective on shares of FedEx from $360.00 to $450.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 10th. Finally, JPMorgan Chase & Co. reissued a "neutral" rating on shares of FedEx in a research report on Thursday. Eighteen research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $398.04.

Key Headlines Impacting FedEx

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: Company raised FY‑2026 guidance — FedEx updated FY‑2026 EPS guidance to a range above consensus and lifted revenue guidance, supporting expectations for stronger profitability this year.
• Positive Sentiment: Spinoff clarity for FedEx Freight should sharpen valuation and investor focus: management laid out targets, leadership and timing (targeting around June 1) for the FedEx Freight separation, which could unlock value and make the core parcel/cargo business easier to value. FedEx Freight Spinoff Sharpens Valuation And Segment Focus
• Positive Sentiment: Tentative pilot wage deal reduces a major operational overhang — FedEx reached a preliminary agreement with its pilots union after prolonged talks, lowering the risk of strikes and near-term disruption. FedEx reaches tentative wage deal with pilots after years of talks
• Positive Sentiment: FedEx Freight growth targets support the standalone story — Investor materials show FedEx Freight aiming for mid‑teens profit growth, which improves the case for the spin and potential valuation upside for shareholders. FedEx Freight Aims for 12% Profit Growth
• Positive Sentiment: Analysts continue to favor the stock overall — a coverage roundup shows an average “Moderate Buy” analyst rating, indicating general analyst support for the shares. FedEx Given Average Rating of "Moderate Buy" by Analysts
• Neutral Sentiment: Momentum and index exposure notes — pieces highlighting FedEx as a momentum stock and its tracking of e‑commerce logistics in an S&P fund are informative for flows but are not immediate catalysts. Here's Why FedEx is a Strong Momentum Stock FedEx Tracks E-Commerce Logistics Growth In S&P 500 Fund
• Neutral Sentiment: JPMorgan reaffirmed a neutral rating — keeps balance between risk and reward in one major analyst view. FedEx JPMorgan Sticks Neutral
• Neutral Sentiment: Local facility closure (Plattsburgh) is part of Network 2.0 — signals continued network optimization that may reduce long‑term costs but creates short‑term disruption. FedEx to close Plattsburgh facility in June
• Negative Sentiment: Wolfe Research trimmed its price target — a cut to $423 signals some analyst caution on upside and may weigh on sentiment despite most targets remaining above the current price. Wolfe Research Cuts FedEx Price Target to $423.00

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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