Assenagon Asset Management S.A. Has $2.69 Million Stock Position in FedEx Corporation $FDX

Assenagon Asset Management S.A. reduced its holdings in FedEx Corporation (NYSE:FDX) by 86.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,426 shares of the shipping service provider’s stock after selling 74,496 shares during the period. Assenagon Asset Management S.A.’s holdings in FedEx were worth $2,694,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of FDX. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of FedEx in the second quarter worth approximately $28,000. NewSquare Capital LLC grew its position in FedEx by 121.8% during the second quarter. NewSquare Capital LLC now owns 122 shares of the shipping service provider’s stock valued at $28,000 after purchasing an additional 67 shares in the last quarter. WPG Advisers LLC acquired a new position in FedEx in the 1st quarter valued at approximately $43,000. Rise Advisors LLC lifted its position in FedEx by 21.0% in the 1st quarter. Rise Advisors LLC now owns 340 shares of the shipping service provider’s stock worth $83,000 after buying an additional 59 shares in the last quarter. Finally, Caldwell Trust Co purchased a new stake in FedEx in the 2nd quarter worth approximately $91,000. 84.47% of the stock is currently owned by institutional investors and hedge funds.

FedEx Stock Up 0.9%

Shares of FedEx stock opened at $295.34 on Wednesday. FedEx Corporation has a 12-month low of $194.29 and a 12-month high of $295.44. 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 stock has a 50 day moving average price of $264.80 and a two-hundred day moving average price of $242.61. The stock has a market capitalization of $69.44 billion, a P/E ratio of 16.28, a PEG ratio of 1.47 and a beta of 1.32.

FedEx (NYSE:FDX) last released its quarterly earnings results on Thursday, December 18th. The shipping service provider reported $4.82 EPS 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 company had revenue of $23.47 billion for the quarter, compared to analyst estimates of $22.79 billion. During the same quarter last year, the firm posted $4.05 earnings per share. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. FedEx has set its FY 2026 guidance at 17.800-19.000 EPS. Equities analysts expect that FedEx Corporation will post 19.14 earnings per share for the current year.

FedEx Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Monday, December 15th will be given a dividend of $1.45 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $5.80 dividend on an annualized basis and a yield of 2.0%. FedEx’s payout ratio is currently 31.97%.

More FedEx News

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: TipRanks notes FDX hit a new 52-week high as the market grows more confident in management’s turnaround plan and forward earnings potential. FedEx Stock (FDX) Hits New 52-Week High
• Positive Sentiment: Raymond James raised its price target to $305 and kept an outperform rating — a formal analyst upgrade that supports further upside expectations. Raymond James Adjusts Price Target
• Positive Sentiment: High-profile bullish media coverage: Jim Cramer publicly urged staying long and buying dips in FDX, boosting retail investor interest. Jim Cramer on FedEx
• Positive Sentiment: Industry coverage highlights FedEx’s stronger revenue growth versus UPS, reinforcing the narrative that FedEx is executing while peers retrench. One Shipping Leader Grew Revenue 13.9%
• Neutral Sentiment: Susquehanna trimmed its target slightly to $340 from $345 — a modest calibration that still implies meaningful upside from current levels. Susquehanna Adjusts Price Target
• Neutral Sentiment: Publication of Q2 earnings call highlights (operational progress and management commentary) provides more clarity on execution but contains both opportunities and near-term risks. FedEx Q2 Earnings Call Highlights
• Negative Sentiment: One outlet shows a $285 price target (raised to $285) that sits below the current trading level, which could limit upside for more conservative investors. FedEx Price Target Raised to $285

Analysts Set New Price Targets

Several research firms have recently commented on FDX. Wolfe Research boosted their price target on shares of FedEx from $322.00 to $328.00 and gave the company an “outperform” rating in a report on Friday, December 19th. Wells Fargo & Company lifted their price objective on FedEx from $290.00 to $295.00 and gave the company an “equal weight” rating in a research report on Friday. Truist Financial boosted their target price on FedEx from $285.00 to $330.00 and gave the company a “buy” rating in a research note on Friday. The Goldman Sachs Group upped their target price on FedEx from $301.00 to $317.00 and gave the stock a “buy” rating in a research report on Friday, December 19th. Finally, BMO Capital Markets lifted their price target on FedEx from $265.00 to $290.00 and gave the company a “market perform” rating in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $298.92.

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.