Grove Bank & Trust Has $662,000 Holdings in FedEx Corporation $FDX

Grove Bank & Trust increased its holdings in shares of FedEx Corporation (NYSE:FDX) by 438.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,293 shares of the shipping service provider’s stock after acquiring an additional 1,867 shares during the period. Grove Bank & Trust’s holdings in FedEx were worth $662,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Peoples Bank KS bought a new position in shares of FedEx in the fourth quarter valued at about $235,000. Gryphon Financial Partners LLC increased its position in FedEx by 24.2% in the 4th quarter. Gryphon Financial Partners LLC now owns 1,371 shares of the shipping service provider’s stock valued at $396,000 after acquiring an additional 267 shares in the last quarter. Wedmont Private Capital raised its position in FedEx by 13.1% in the 4th quarter. Wedmont Private Capital now owns 3,184 shares of the shipping service provider’s stock worth $979,000 after purchasing an additional 370 shares during the last quarter. Nordea Investment Management AB lifted its holdings in FedEx by 5.8% during the 4th quarter. Nordea Investment Management AB now owns 32,913 shares of the shipping service provider’s stock worth $9,557,000 after buying an additional 1,795 shares in the last quarter. Finally, Lake Street Private Wealth LLC boosted its position in FedEx by 4.9% in the 4th quarter. Lake Street Private Wealth LLC now owns 16,457 shares of the shipping service provider’s stock valued at $4,754,000 after buying an additional 771 shares during the last quarter. Institutional investors own 84.47% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. UBS Group lifted their price objective on FedEx from $412.00 to $446.00 and gave the stock a “buy” rating in a research report on Friday. Evercore lifted their target price on shares of FedEx from $364.00 to $380.00 in a report on Tuesday, February 24th. TD Cowen raised their price target on FedEx from $383.00 to $426.00 and gave the stock a “buy” rating in a research report on Friday. JPMorgan Chase & Co. boosted their target price on FedEx from $424.00 to $432.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, Barclays increased their price target on shares of FedEx from $360.00 to $450.00 and gave the company an “overweight” rating in a research report on Tuesday, February 10th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $393.85.

Trending Headlines about FedEx

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: Q3 beat and guidance raise — FedEx posted a double beat (EPS and revenue) and lifted full‑year profit guidance, which is the primary driver behind the stock rally. Article Link
• Positive Sentiment: Analyst re‑ratings and price‑target lifts — Multiple firms (UBS, Wells Fargo, BofA, Susquehanna, Stephens, TD Cowen, Truist, Stifel, BMO, etc.) raised targets or upgraded ratings after the results, supporting further upside sentiment. Article Link
• Neutral Sentiment: Management says demand is holding — FedEx flagged that early‑March volumes matched expectations and that its fuel surcharge is moderating higher fuel costs, but management assumes no additional geopolitical disruptions. That reduces immediate downside but leaves exposure to future shocks. Article Link
• Neutral Sentiment: Market context is mixed — broader markets are pressured by oil/geo risks and macro data, so FedEx’s outperformance is occurring in a risk‑off environment that could limit follow‑through. Article Link
• Negative Sentiment: Cost and segment risks persist — fuel costs are materially higher (a key margin headwind) and the Freight business remains weak; both could pressure results if trends worsen. Article Link
• Negative Sentiment: Some caution in the market and mixed guidance reaction — a few headlines note the company gave a relatively cautious near‑term forecast that caused intraday profit‑taking, and one major house (Morgan Stanley) still expresses an underweight stance with a much lower target. Article Link
• Negative Sentiment: Operational/PR risk — the NTSB is probing a close runway call involving a FedEx jet, a reputational/operational overhang to monitor. Article Link

FedEx Trading Up 0.7%

NYSE:FDX opened at $358.44 on Friday. The business’s 50-day simple moving average is $351.21 and its 200-day simple moving average is $291.29. FedEx Corporation has a fifty-two week low of $194.29 and a fifty-two week high of $392.86. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.27 and a quick ratio of 1.23. The stock has a market capitalization of $84.28 billion, a PE ratio of 19.08, a price-to-earnings-growth ratio of 1.70 and a beta of 1.29.

FedEx (NYSE:FDX) last announced its quarterly earnings results on Thursday, March 19th. The shipping service provider reported $5.25 earnings per share for the quarter, beating analysts’ consensus estimates of $4.12 by $1.13. The firm had revenue of $24 billion for the quarter, compared to analyst estimates of $23.44 billion. FedEx had a net margin of 4.88% and a return on equity of 17.03%. The business’s revenue was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.51 earnings per share. Sell-side analysts expect that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Monday, March 9th will be given a $1.45 dividend. This represents a $5.80 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Monday, March 9th. FedEx’s dividend payout ratio (DPR) is currently 30.87%.

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.