FedEx Corporation $FDX Position Lessened by DAVENPORT & Co LLC

DAVENPORT & Co LLC reduced its stake in shares of FedEx Corporation (NYSE:FDX) by 1.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 257,371 shares of the shipping service provider’s stock after selling 4,270 shares during the quarter. DAVENPORT & Co LLC owned about 0.11% of FedEx worth $60,744,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. Valeo Financial Advisors LLC boosted its holdings in shares of FedEx by 28,080.9% during the second quarter. Valeo Financial Advisors LLC now owns 3,743,557 shares of the shipping service provider’s stock valued at $850,948,000 after acquiring an additional 3,730,273 shares during the period. Norges Bank bought a new stake in FedEx in the 2nd quarter valued at about $605,497,000. AQR Capital Management LLC lifted its position in FedEx by 750.9% in the 2nd quarter. AQR Capital Management LLC now owns 1,015,627 shares of the shipping service provider’s stock valued at $230,862,000 after purchasing an additional 896,271 shares during the last quarter. Dodge & Cox boosted its stake in FedEx by 4.7% during the 2nd quarter. Dodge & Cox now owns 14,482,494 shares of the shipping service provider’s stock valued at $3,292,016,000 after purchasing an additional 649,426 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its position in FedEx by 228.9% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 795,495 shares of the shipping service provider’s stock worth $180,824,000 after purchasing an additional 553,628 shares during the last quarter. 84.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on FDX shares. Wells Fargo & Company lifted their price target on FedEx from $290.00 to $295.00 and gave the company an “equal weight” rating in a report on Friday. Stephens raised their target price on FedEx from $260.00 to $330.00 and gave the company an “overweight” rating in a research report on Friday, December 19th. UBS Group lifted their target price on FedEx from $293.00 to $314.00 and gave the company a “buy” rating in a research note on Friday, September 19th. Deutsche Bank Aktiengesellschaft increased their price target on FedEx from $276.00 to $322.00 and gave the stock a “buy” rating in a research note on Wednesday, December 17th. Finally, TD Cowen raised their price target on FedEx from $271.00 to $313.00 and gave the company a “buy” rating in a report on Friday, December 19th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, FedEx presently has an average rating of “Moderate Buy” and a consensus price target of $298.92.

FedEx Stock Performance

Shares of NYSE FDX opened at $295.34 on Wednesday. FedEx Corporation has a 1 year low of $194.29 and a 1 year high of $295.44. The firm has a market cap of $69.44 billion, a P/E ratio of 16.28, a PEG ratio of 1.47 and a beta of 1.32. The stock has a fifty day moving average price of $264.80 and a two-hundred day moving average price of $242.61. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.23 and a current ratio of 1.27.

FedEx (NYSE:FDX) last announced its quarterly earnings data on Thursday, December 18th. The shipping service provider reported $4.82 earnings per share for the quarter, beating the consensus estimate of $4.02 by $0.80. FedEx had a return on equity of 16.63% and a net margin of 4.81%.The business had revenue of $23.47 billion during the quarter, compared to analyst estimates of $22.79 billion. During the same quarter in the prior year, the firm posted $4.05 earnings per share. The company’s revenue was up 6.8% on a year-over-year basis. FedEx has set its FY 2026 guidance at 17.800-19.000 EPS. Research analysts forecast that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Monday, December 15th will be given a dividend of $1.45 per share. The ex-dividend date is Monday, December 15th. This represents a $5.80 annualized dividend and a dividend yield of 2.0%. FedEx’s dividend payout ratio (DPR) is 31.97%.

Key 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

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.