Providence First Trust Co Acquires New Shares in FedEx Corporation $FDX

Posted by Brenda Bartman on May 6th, 2026

Providence First Trust Co acquired a new position in shares of FedEx Corporation (NYSE:FDX – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,921 shares of the shipping service provider’s stock, valued at approximately $555,000.

Several other large investors have also added to or reduced their stakes in the stock. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in FedEx by 1.0% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 31,377 shares of the shipping service provider’s stock valued at $9,064,000 after buying an additional 305 shares in the last quarter. Garner Asset Management Corp boosted its position in shares of FedEx by 5.5% in the fourth quarter. Garner Asset Management Corp now owns 5,332 shares of the shipping service provider’s stock valued at $1,540,000 after acquiring an additional 278 shares during the period. Morse Asset Management Inc purchased a new position in FedEx during the fourth quarter valued at approximately $58,000. Birch Capital Management LLC increased its holdings in FedEx by 15.0% during the 4th quarter. Birch Capital Management LLC now owns 27,770 shares of the shipping service provider’s stock worth $8,022,000 after acquiring an additional 3,626 shares during the period. Finally, Falcon Wealth Planning lifted its stake in FedEx by 26.6% in the 4th quarter. Falcon Wealth Planning now owns 1,560 shares of the shipping service provider’s stock worth $451,000 after purchasing an additional 328 shares in the last quarter. Institutional investors own 84.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Wolfe Research lowered their price objective on FedEx from $427.00 to $423.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 7th. Wall Street Zen cut FedEx from a “strong-buy” rating to a “buy” rating in a research note on Sunday, April 12th. Bank of America raised their price objective on FedEx from $431.00 to $440.00 and gave the company a “buy” rating in a report on Friday, March 20th. BMO Capital Markets upped their price target on shares of FedEx from $400.00 to $410.00 and gave the company a “market perform” rating in a research report on Friday, March 20th. Finally, BNP Paribas Exane set a $280.00 target price on shares of FedEx and gave the stock a “neutral” rating in a report on Tuesday, January 13th. Eighteen investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, FedEx has an average rating of “Moderate Buy” and an average target price of $398.04.

Read Our Latest Analysis on FDX

Insider Buying and Selling at FedEx

In other FedEx news, EVP Kawal Preet sold 4,900 shares of the stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $367.89, for a total value of $1,802,661.00. Following the transaction, the executive vice president directly owned 10,953 shares in the company, valued at approximately $4,029,499.17. This trade represents a 30.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Susan C. Schwab sold 5,795 shares of FedEx stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $369.00, for a total transaction of $2,138,355.00. Following the transaction, the director owned 10,038 shares in the company, valued at $3,704,022. This represents a 36.60% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 48,104 shares of company stock valued at $17,599,006 in the last ninety days. Corporate insiders own 0.53% of the company’s stock.

FedEx News Summary

Here are the key news stories impacting FedEx this week:

Positive Sentiment: FedEx deepens ServiceNow partnership — Embedding FedEx Dataworks into ServiceNow’s Source‑to‑Pay and new supply‑chain workflows could accelerate monetization of FedEx’s logistics data, improve enterprise stickiness and open software/analytics revenue beyond freight. FedEx and ServiceNow expand strategic collaboration
Positive Sentiment: Analyst consensus supportive — Recent coverage shows a blended analyst view around “moderate buy,” which may underpin investor confidence and limit downside after recent volatility. FedEx receives average recommendation of Moderate Buy
Neutral Sentiment: Brand and ESG recognition — FedEx was named among Newsweek’s “America’s Most Patriotic Companies,” a reputational positive that may help corporate goodwill but has limited near‑term earnings impact. America’s Most Patriotic Companies 2026
Neutral Sentiment: Sector performance context — Pieces comparing transportation peers show FedEx outperforming parts of the sector this year, but they mainly provide framing rather than a direct catalyst. Are transportation stocks lagging FedEx?
Negative Sentiment: Major competitive overhang from Amazon — Amazon’s launch of Amazon Supply Chain Services (opening its logistics network to other firms) triggered a sector selloff and remains a structural threat: it leverages scale, automation and lower labor costs to pressure pricing and margins for legacy carriers. Market repricing and noted increases in FedEx short interest/insider selling have amplified downside risk. Amazon weaponizes logistics, triggering sector-wide selloff

FedEx Stock Performance

Shares of FDX stock opened at $362.58 on Wednesday. The firm has a market capitalization of $86.52 billion, a PE ratio of 19.30, a P/E/G ratio of 1.36 and a beta of 1.29. The company has a 50 day moving average price of $370.43 and a 200-day moving average price of $321.08. FedEx Corporation has a 52 week low of $212.64 and a 52 week high of $404.03. 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 – Get Free Report) last released 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. The firm had revenue of $24 billion for the quarter, compared to analysts’ expectations of $23.44 billion. FedEx had a return on equity of 16.76% and a net margin of 4.88%.The company’s revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.51 EPS. As a group, equities research analysts expect that FedEx Corporation will post 19.72 earnings per share for the current year.

FedEx Announces Dividend

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

About FedEx

(Free Report)

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.