Wedge Capital Management L L P NC Lowers Stake in FedEx Corporation $FDX

Key Points

• Wedge Capital Management L L P NC cut its stake in FedEx by 37.0% in Q4, selling 11,966 shares and retaining 20,356 shares worth about $5.88 million.
• FedEx beat Q3 expectations with $5.25 EPS on $24 billion revenue, management raised full‑year revenue growth to ~6.0–6.5%, and analysts raised price targets leaving a consensus target near $393.85.
• The company announced a $1.45 quarterly dividend (annualized $5.80, yield ~1.7%), while the stock opened at $344.23 (down 1.5%) and carries a market cap of about $82.1 billion with a P/E of 18.32.

Wedge Capital Management L L P NC cut its stake in FedEx Corporation (NYSE:FDX - Free Report) by 37.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,356 shares of the shipping service provider's stock after selling 11,966 shares during the period. Wedge Capital Management L L P NC's holdings in FedEx were worth $5,880,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FDX. Wealthcare Advisory Partners LLC increased its position in shares of FedEx by 491.6% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 9,951 shares of the shipping service provider's stock worth $2,874,000 after acquiring an additional 8,269 shares during the period. Net Worth Advisory Group boosted its holdings in shares of FedEx by 12.8% in the fourth quarter. Net Worth Advisory Group now owns 2,955 shares of the shipping service provider's stock valued at $854,000 after purchasing an additional 336 shares during the period. Family Wealth Partners LLC purchased a new stake in shares of FedEx in the fourth quarter valued at approximately $227,000. Capital Investment Advisors LLC grew its stake in FedEx by 16.0% in the fourth quarter. Capital Investment Advisors LLC now owns 3,241 shares of the shipping service provider's stock worth $936,000 after purchasing an additional 447 shares in the last quarter. Finally, Dakota Wealth Management bought a new position in FedEx in the fourth quarter worth approximately $7,424,000. Institutional investors own 84.47% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on FDX. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of FedEx in a research report on Monday, December 29th. Argus increased their price target on FedEx from $250.00 to $350.00 and gave the stock a "buy" rating in a research report on Wednesday, January 21st. BMO Capital Markets raised their price target on FedEx from $400.00 to $410.00 and gave the company a "market perform" rating in a research note on Friday, March 20th. Zacks Research downgraded FedEx from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 18th. Finally, Stifel Nicolaus upped their price objective on shares of FedEx from $412.00 to $425.00 and gave the stock a "buy" rating in a research note on Friday, March 20th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $393.85.

FedEx Stock Down 1.5%

FedEx stock opened at $344.23 on Friday. The company has a quick ratio of 1.44, a current ratio of 1.47 and a debt-to-equity ratio of 0.77. The firm has a market cap of $82.14 billion, a P/E ratio of 18.32, a P/E/G ratio of 1.51 and a beta of 1.29. The business has a fifty day moving average of $355.42 and a two-hundred day moving average of $295.76. FedEx Corporation has a twelve month low of $194.29 and a twelve month high of $392.86.

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

FedEx Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Monday, March 9th will be paid a $1.45 dividend. This represents a $5.80 annualized dividend and a yield of 1.7%. The ex-dividend date is Monday, March 9th. FedEx's payout ratio is 30.87%.

Key Headlines Impacting FedEx

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: Q3 results topped expectations, management raised full‑year revenue growth to ~6.0–6.5%, and highlighted AI-driven efficiency gains plus new services (e.g., FedEx SameDay Local) that improve margin visibility and organic growth. A Look At FedEx (FDX) Valuation After Earnings Beat Guidance Hike And AI Efficiency Push
• Positive Sentiment: Analyst sentiment has turned constructive: FedEx is one of MarketBeat’s most‑upgraded names in 2026 with several raised price targets (consensus ~$394; some post‑earnings averages near $411), supplying directional support for the stock. Analyst Optimism: MarketBeat's Most Upgraded Stocks of 2026 (FDX)
• Positive Sentiment: Planned spin‑off of the freight business is viewed as value‑unlocking: it could let the core package business and the freight unit trade at clearer, higher multiples; management has also returned capital via buybacks—an investor‑friendly sign. 5 Spin-Off Stocks That Could Reward Patient Investors in 2026 (FDX)
• Neutral Sentiment: Corporate/community activity: FedEx hosted a Marine Corps Career Readiness webinar—positive for ESG/brand but not directly material to near‑term financials. Preparing Tomorrow's Leaders: FedEx and the Marine Corps Scholarship Foundation
• Neutral Sentiment: Human‑interest coverage about employee finances highlights operational realities at the ground level; anecdotal and not market moving. FedEx Driver Making $70K Scrambles For Side Gigs As Wife Battles Medical Issues
• Negative Sentiment: Competitive risk: Amazon is accelerating logistics and AI‑driven delivery investments to lower costs and speed, which could pressure pricing and share in certain lanes over time. Amazon Rides on New Logistics and Delivery Innovations: What's Ahead?
• Negative Sentiment: Macro/geopolitical headwinds: recent market weakness and higher fuel/energy costs tied to the Iran conflict raise downside risk for volumes, margins and valuation multiples in the near term. Watch Planes, Trains & Automobiles for Crisis Clues

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.

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