Sumitomo Mitsui Trust Group Inc. Sells 23,195 Shares of FedEx Corporation $FDX

Sumitomo Mitsui Trust Group Inc. cut its stake in FedEx Corporation (NYSE:FDX) by 4.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 501,692 shares of the shipping service provider’s stock after selling 23,195 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in FedEx were worth $143,027,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of FDX. Hollencrest Capital Management acquired a new position in FedEx during the 1st quarter worth approximately $25,000. Solstein Capital LLC acquired a new stake in FedEx in the second quarter valued at approximately $27,000. Trifecta Capital Advisors LLC raised its stake in shares of FedEx by 3,233.3% during the third quarter. Trifecta Capital Advisors LLC now owns 100 shares of the shipping service provider’s stock valued at $29,000 after purchasing an additional 97 shares during the period. C M Bidwell & Associates Ltd. purchased a new stake in shares of FedEx during the second quarter valued at approximately $31,000. Finally, Cedar Mountain Advisors LLC lifted its position in shares of FedEx by 77.4% during the first quarter. Cedar Mountain Advisors LLC now owns 94 shares of the shipping service provider’s stock worth $33,000 after purchasing an additional 41 shares in the last quarter. Hedge funds and other institutional investors own 84.47% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Citigroup restated a “cautious” rating on shares of FedEx in a research note on Wednesday, October 7th. Citizens Jmp assumed coverage on FedEx in a research note on Wednesday, July 15th. They set a “market outperform” rating and a $375.00 price objective for the company. Stephens raised FedEx to a “strong-buy” rating in a research report on Wednesday, July 8th. BNP Paribas Exane increased their target price on FedEx from $269.80 to $300.00 and gave the company a “neutral” rating in a research note on Wednesday, September 30th. Finally, Bank of America decreased their price target on shares of FedEx from $378.00 to $359.00 and set a “buy” rating for the company in a research report on Tuesday, October 27th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, FedEx has an average rating of “Moderate Buy” and a consensus price target of $365.84.

FedEx Price Performance

Shares of NYSE FDX opened at $313.45 on Monday. The company has a market capitalization of $73.41 billion, a price-to-earnings ratio of 19.28, a price-to-earnings-growth ratio of 1.26 and a beta of 1.27. FedEx Corporation has a twelve month low of $198.00 and a twelve month high of $345.36. The business has a 50 day simple moving average of $304.30 and a 200-day simple moving average of $337.14. The company has a current ratio of 1.33, a quick ratio of 1.29 and a debt-to-equity ratio of 0.50.

FedEx (NYSE:FDX) last issued its quarterly earnings data on Wednesday, October 28th. The shipping service provider reported $3.74 EPS for the quarter, topping analysts’ consensus estimates of $3.34 by $0.40. The firm had revenue of $22.93 billion during the quarter, compared to the consensus estimate of $22.73 billion. FedEx had a return on equity of 15.53% and a net margin of 4.09%. The firm’s revenue was up 12.3% on a year-over-year basis. During the same period in the prior year, the business earned $3.83 EPS. As a group, equities research analysts expect that FedEx Corporation will post 18.28 earnings per share for the current year.

FedEx Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Monday, September 14th were given a dividend of $1.22 per share. The ex-dividend date was Monday, September 14th. This represents a $4.88 annualized dividend and a dividend yield of 1.6%. FedEx’s payout ratio is currently 30.01%.

Insider Buying and Selling

In other FedEx news, EVP Tracy Brightman sold 26,611 shares of FedEx stock in a transaction on Friday, October 30th. The stock was sold at an average price of $316.68, for a total transaction of $8,427,171.48. Following the sale, the executive vice president owned 12,245 shares of the company’s stock, valued at $3,877,746.60. The trade was a 68.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.65% of the stock is currently owned by corporate insiders.

FedEx News Summary

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: FedEx raised its fiscal 2026 guidance to adjusted EPS of $18.00–$18.60, above the $17.85 consensus estimate, and forecast revenue of approximately $98.4 billion versus expectations of $91.6 billion. FedEx raises 2026 earnings outlook as quarterly revenue jumps
• Positive Sentiment: Fiscal third-quarter adjusted EPS of $3.74 exceeded the $3.34 analyst consensus, while revenue reached about $22.9 billion, helped by higher package yields, volume growth and cost savings. Management also authorized roughly $2 billion in share repurchases during the quarter. FedEx Q3 earnings top estimates
• Positive Sentiment: Analyst sentiment improved: JPMorgan raised its price target to $400 while maintaining an overweight rating, and HSBC upgraded FedEx to Buy with a $370 target. Investors are also watching increased air-freight demand from data-center and other high-value customers. JPMorgan FedEx rating
• Neutral Sentiment: FedEx Freight reported improving adjusted revenue, operating income and margins in its first standalone results, and raised its outlook. However, continued soft shipment volumes mean future gains depend heavily on maintaining pricing discipline. FedEx Freight pricing outlook
• Negative Sentiment: Investors remain concerned about weaker GAAP operating margins, rising fuel and transportation costs, and a $1.2 billion loss tied to FedEx’s Freight investment. The holiday-quarter outlook was viewed as relatively soft, while domestic margin pressure and uncertain volumes could limit upside.
• Negative Sentiment: Executive Vice President Tracy Brightman sold 26,611 FedEx shares for approximately $8.4 million, reducing her holdings by about 68%. Insider sales do not necessarily indicate a change in fundamentals, but the transaction may temper sentiment at the margin. SEC insider transaction filing

FedEx Company Profile

FedEx Corporation (NYSE: FDX) is a global transportation, e-commerce and business services company headquartered in Memphis, Tennessee. Through its operating companies, FedEx provides time-definite express delivery, ground shipping, freight transportation, customs brokerage, logistics and supply chain services for businesses, governments and consumers.

The company’s services include domestic and international package delivery, less-than-truckload freight transportation, warehousing, fulfillment, supply chain management and specialized logistics solutions.