Sumitomo Mitsui Trust Group Inc. Raises Stake in FedEx Corporation $FDX

Sumitomo Mitsui Trust Group Inc. increased its stake in FedEx Corporation (NYSE:FDX) by 9.8% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 573,551 shares of the shipping service provider’s stock after buying an additional 51,252 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in FedEx were worth $165,676,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. New York State Teachers Retirement System boosted its holdings in shares of FedEx by 2.3% in the 3rd quarter. New York State Teachers Retirement System now owns 207,077 shares of the shipping service provider’s stock worth $48,831,000 after buying an additional 4,734 shares during the last quarter. D.A. Davidson & CO. boosted its holdings in shares of FedEx by 10.6% in the 3rd quarter. D.A. Davidson & CO. now owns 48,424 shares of the shipping service provider’s stock worth $11,419,000 after buying an additional 4,634 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of FedEx by 11.2% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 34,958 shares of the shipping service provider’s stock worth $8,243,000 after buying an additional 3,514 shares during the last quarter. Savant Capital LLC boosted its holdings in shares of FedEx by 32.5% in the 3rd quarter. Savant Capital LLC now owns 40,019 shares of the shipping service provider’s stock worth $9,437,000 after buying an additional 9,806 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its holdings in shares of FedEx by 34.9% in the 3rd quarter. Pacer Advisors Inc. now owns 24,085 shares of the shipping service provider’s stock worth $5,679,000 after buying an additional 6,234 shares during the last quarter. 84.47% of the stock is owned by hedge funds and other institutional investors.

More FedEx News

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: Company raised FY‑2026 guidance — FedEx updated FY‑2026 EPS guidance to a range above consensus and lifted revenue guidance, supporting expectations for stronger profitability this year.
• Positive Sentiment: Spinoff clarity for FedEx Freight should sharpen valuation and investor focus: management laid out targets, leadership and timing (targeting around June 1) for the FedEx Freight separation, which could unlock value and make the core parcel/cargo business easier to value. FedEx Freight Spinoff Sharpens Valuation And Segment Focus
• Positive Sentiment: Tentative pilot wage deal reduces a major operational overhang — FedEx reached a preliminary agreement with its pilots union after prolonged talks, lowering the risk of strikes and near-term disruption. FedEx reaches tentative wage deal with pilots after years of talks
• Positive Sentiment: FedEx Freight growth targets support the standalone story — Investor materials show FedEx Freight aiming for mid‑teens profit growth, which improves the case for the spin and potential valuation upside for shareholders. FedEx Freight Aims for 12% Profit Growth
• Positive Sentiment: Analysts continue to favor the stock overall — a coverage roundup shows an average “Moderate Buy” analyst rating, indicating general analyst support for the shares. FedEx Given Average Rating of “Moderate Buy” by Analysts
• Neutral Sentiment: Momentum and index exposure notes — pieces highlighting FedEx as a momentum stock and its tracking of e‑commerce logistics in an S&P fund are informative for flows but are not immediate catalysts. Here’s Why FedEx is a Strong Momentum Stock FedEx Tracks E-Commerce Logistics Growth In S&P 500 Fund
• Neutral Sentiment: JPMorgan reaffirmed a neutral rating — keeps balance between risk and reward in one major analyst view. FedEx JPMorgan Sticks Neutral
• Neutral Sentiment: Local facility closure (Plattsburgh) is part of Network 2.0 — signals continued network optimization that may reduce long‑term costs but creates short‑term disruption. FedEx to close Plattsburgh facility in June
• Negative Sentiment: Wolfe Research trimmed its price target — a cut to $423 signals some analyst caution on upside and may weigh on sentiment despite most targets remaining above the current price. Wolfe Research Cuts FedEx Price Target to $423.00

Wall Street Analysts Forecast Growth

FDX has been the topic of a number of research reports. Citigroup boosted their price objective on FedEx from $327.00 to $401.00 and gave the company a “buy” rating in a research note on Thursday, February 5th. Stephens boosted their price objective on FedEx from $405.00 to $435.00 and gave the company an “overweight” rating in a research note on Friday, March 20th. Barclays boosted their price objective on FedEx from $360.00 to $450.00 and gave the company an “overweight” rating in a research note on Tuesday, February 10th. The Goldman Sachs Group boosted their price objective on FedEx from $364.00 to $369.00 and gave the company a “buy” rating in a research note on Friday, March 13th. Finally, Morgan Stanley boosted their price objective on FedEx from $220.00 to $230.00 and gave the company an “underweight” rating in a research note on Friday, March 20th. Eighteen analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $398.04.

FedEx Trading Down 0.0%

Shares of FDX opened at $373.98 on Monday. The business’s 50-day moving average price is $365.77 and its 200-day moving average price is $305.58. FedEx Corporation has a twelve month low of $199.85 and a twelve month high of $392.86. The stock has a market cap of $89.23 billion, a PE ratio of 19.90, a P/E/G ratio of 1.64 and a beta of 1.28. The company has a quick ratio of 1.44, a current ratio of 1.47 and a debt-to-equity ratio of 0.77.

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 the consensus estimate of $4.12 by $1.13. FedEx had a return on equity of 16.76% and a net margin of 4.88%.The firm had revenue of $24 billion for the quarter, compared to analysts’ expectations of $23.44 billion. During the same period in the prior year, the business posted $4.51 earnings per share. The company’s revenue was up 8.3% on a year-over-year basis. On average, equities analysts forecast that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Monday, March 9th were given a dividend of $1.45 per share. The ex-dividend date was Monday, March 9th. This represents a $5.80 annualized dividend and a dividend yield of 1.6%. FedEx’s dividend payout ratio 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.