44,976 FedEx Corporation $FDX Shares Purchased by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA increased its stake in FedEx Corporation (NYSE:FDX) by 49.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 136,570 shares of the shipping service provider’s stock after acquiring an additional 44,976 shares during the period. Pictet Asset Management Holding SA’s holdings in FedEx were worth $38,997,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. OMERS ADMINISTRATION Corp increased its position in FedEx by 104.9% during the first quarter. OMERS ADMINISTRATION Corp now owns 17,319 shares of the shipping service provider’s stock valued at $6,169,000 after acquiring an additional 8,868 shares during the last quarter. First Nebraska Trust Co bought a new stake in shares of FedEx in the 1st quarter worth about $10,675,000. NewEdge Advisors LLC lifted its holdings in shares of FedEx by 74.1% in the 2nd quarter. NewEdge Advisors LLC now owns 34,354 shares of the shipping service provider’s stock worth $10,757,000 after acquiring an additional 14,624 shares during the last quarter. Archer Investment Corp purchased a new position in shares of FedEx during the 2nd quarter worth about $1,147,000. Finally, Tidal Investments LLC boosted its stake in shares of FedEx by 9.8% during the 2nd quarter. Tidal Investments LLC now owns 48,662 shares of the shipping service provider’s stock worth $15,238,000 after purchasing an additional 4,340 shares during the period. 84.47% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on FDX. Citizens Jmp began coverage on shares of FedEx in a report on Wednesday, July 15th. They set a “market outperform” rating and a $375.00 price target on the stock. HSBC raised FedEx from a “hold” rating to a “buy” rating and set a $370.00 target price on the stock in a research note on Thursday, October 29th. Citigroup raised their price target on FedEx from $373.00 to $374.00 and gave the stock a “buy” rating in a research note on Monday, November 2nd. Sanford C. Bernstein set a $377.00 price target on shares of FedEx in a report on Monday, October 26th. Finally, Raymond James Financial set a $162.00 price objective on shares of FedEx in a report on Tuesday, November 3rd. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $359.16.

FedEx Stock Up 0.2%

Shares of NYSE:FDX opened at $319.56 on Wednesday. The business’s 50 day moving average is $302.48 and its 200 day moving average is $337.47. The stock has a market cap of $74.84 billion, a P/E ratio of 19.65, a price-to-earnings-growth ratio of 1.28 and a beta of 1.27. FedEx Corporation has a 52-week low of $203.20 and a 52-week high of $345.36. The company has a quick ratio of 1.29, a current ratio of 1.33 and a debt-to-equity ratio of 0.50.

FedEx (NYSE:FDX) last issued its earnings results on Wednesday, October 28th. The shipping service provider reported $3.74 earnings per share for the quarter, beating analysts’ consensus estimates of $3.34 by $0.40. FedEx had a return on equity of 15.53% and a net margin of 4.09%. The business had revenue of $22.93 billion during the quarter, compared to analyst estimates of $22.73 billion. During the same period in the previous year, the company posted $3.83 EPS. FedEx’s revenue was up 12.3% on a year-over-year basis. Sell-side analysts predict that FedEx Corporation will post 18.29 EPS for the current year.

FedEx Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Monday, September 14th were given a dividend of $1.22 per share. The ex-dividend date of this dividend was Monday, September 14th. This represents a $4.88 dividend on an annualized basis and a yield of 1.5%. FedEx’s dividend payout ratio (DPR) is 30.01%.

Trending Headlines about FedEx

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: FedEx raised its fiscal 2026 earnings guidance after reporting higher quarterly sales. Commentary also points to improving margins, strong cash flow and savings from its network overhaul as supports for earnings. What FedEx Stock’s Higher Earnings Outlook Means For Shareholders
• Neutral Sentiment: FedEx appointed Katherine M. Boyle, a general partner at Andreessen Horowitz, to its board and committees, including roles involving cyber oversight. The new director adds experience, though the appointment’s financial impact is not yet clear. Katherine M. Boyle Elected to FedEx Board
• Neutral Sentiment: Analyst commentary is divided on valuation: one view says cash-flow potential may leave shares below fair value, while another cautions that the valuation looks full and rising costs could limit upside. Is FedEx Stock a Buy as Margins Improve but Valuation Looks Full?
• Negative Sentiment: California’s privacy agency fined FedEx nearly $3 million over alleged privacy violations, including failing to honor opt-out requests through Global Privacy Control. The fine is modest relative to the company’s scale, but the allegations add regulatory and reputational risk. California Privacy Agency Fines FedEx Nearly $3M
• Negative Sentiment: CFO Claude Russ sold 16,762 shares, reducing his holdings by about 79%. Insider sales can occur for personal reasons and do not by themselves establish a negative business outlook, but the size of the reduction may draw investor attention. SEC Form 4 filing
• Negative Sentiment: FedEx named Jamere Jackson as CFO, effective immediately. His prior CFO experience is a plus, but a leadership transition brings some near-term execution uncertainty. Why Is FedEx Bringing In Jamere Jackson As CFO?

Insider Activity

In other news, CFO Claude F. Russ sold 16,762 shares of the business’s stock in a transaction dated Tuesday, November 10th. The shares were sold at an average price of $316.11, for a total value of $5,298,635.82. Following the completion of the sale, the chief financial officer owned 4,387 shares in the company, valued at approximately $1,386,774.57. The trade was a 79.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Gina Adams sold 3,014 shares of the company’s stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $317.06, for a total transaction of $955,618.84. Following the completion of the sale, the executive vice president directly owned 9,656 shares of the company’s stock, valued at $3,061,531.36. The trade was a 23.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 46,387 shares of company stock worth $14,681,426. 0.65% of the stock is currently owned by corporate insiders.

About FedEx

FedEx Corporation is a global transportation and logistics company that provides delivery, freight, and supply chain services to businesses and consumers. Its offerings include express and ground package delivery, freight transportation, customs clearance, and logistics solutions that help customers manage shipping and distribution. Founded by Frederick W. Smith in 1971, FedEx began operations in 1973. The company serves customers throughout the United States and in international markets, connecting businesses and consumers through its transportation and delivery networks.