NorthCrest Asset Manangement LLC Purchases 1,774 Shares of FedEx Corporation $FDX

NorthCrest Asset Manangement LLC boosted its position in FedEx Corporation (NYSE:FDX) by 23.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,351 shares of the shipping service provider’s stock after buying an additional 1,774 shares during the period. NorthCrest Asset Manangement LLC’s holdings in FedEx were worth $2,781,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of FDX. Vanguard Group Inc. lifted its stake in shares of FedEx by 13.2% in the 3rd quarter. Vanguard Group Inc. now owns 23,442,049 shares of the shipping service provider’s stock valued at $5,527,870,000 after purchasing an additional 2,741,723 shares during the period. Norges Bank acquired a new stake in FedEx during the second quarter worth approximately $605,497,000. Boston Partners acquired a new stake in FedEx during the third quarter worth approximately $468,195,000. Dodge & Cox increased its holdings in FedEx by 12.0% in the third quarter. Dodge & Cox now owns 16,225,160 shares of the shipping service provider’s stock worth $3,826,055,000 after purchasing an additional 1,742,666 shares in the last quarter. Finally, AQR Capital Management LLC increased its holdings in FedEx by 169.2% in the third quarter. AQR Capital Management LLC now owns 2,733,905 shares of the shipping service provider’s stock worth $638,203,000 after purchasing an additional 1,718,278 shares in the last quarter. Institutional investors own 84.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Barclays increased their price target on FedEx from $360.00 to $450.00 and gave the stock an “overweight” rating in a report on Tuesday, February 10th. Stephens boosted their target price on shares of FedEx from $405.00 to $435.00 and gave the company an “overweight” rating in a research report on Friday. The Goldman Sachs Group increased their target price on shares of FedEx from $364.00 to $369.00 and gave the stock a “buy” rating in a research note on Friday, March 13th. Citigroup lifted their price target on shares of FedEx from $327.00 to $401.00 and gave the company a “buy” rating in a research note on Thursday, February 5th. Finally, Rothschild & Co Redburn upped their price objective on shares of FedEx from $317.00 to $371.00 and gave the company a “neutral” rating in a report on Tuesday, February 24th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, FedEx presently has an average rating of “Moderate Buy” and an average target price of $393.85.

FedEx Price Performance

Shares of FDX opened at $358.44 on Monday. The business’s fifty day moving average is $351.21 and its 200 day moving average is $291.76. FedEx Corporation has a 12-month low of $194.29 and a 12-month high of $392.86. 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 stock has a market cap of $85.53 billion, a P/E ratio of 19.08, a P/E/G ratio of 1.61 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 EPS for the quarter, beating analysts’ consensus estimates of $4.12 by $1.13. FedEx had a net margin of 4.88% and a return on equity of 16.76%. The business had revenue of $24 billion during the quarter, compared to analyst estimates of $23.44 billion. During the same quarter in the previous year, the business posted $4.51 EPS. FedEx’s quarterly revenue was up 8.3% on a year-over-year basis. Sell-side analysts anticipate that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Dividend Announcement

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

FedEx News Summary

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 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.