Northstar Asset Management Inc. Sells 22,054 Shares of FedEx Corporation $FDX

Northstar Asset Management Inc. reduced its stake in FedEx Corporation (NYSE:FDX) by 79.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,607 shares of the shipping service provider’s stock after selling 22,054 shares during the period. Northstar Asset Management Inc.’s holdings in FedEx were worth $1,322,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of FDX. Grey Fox Wealth Advisors LLC bought a new position in shares of FedEx in the 3rd quarter worth approximately $27,000. Twin Peaks Wealth Advisors LLC purchased a new position in FedEx during the second quarter valued at $28,000. NewSquare Capital LLC boosted its holdings in shares of FedEx by 121.8% during the 2nd quarter. NewSquare Capital LLC now owns 122 shares of the shipping service provider’s stock valued at $28,000 after buying an additional 67 shares in the last quarter. City Holding Co. grew its position in shares of FedEx by 167.0% in the 3rd quarter. City Holding Co. now owns 267 shares of the shipping service provider’s stock worth $63,000 after buying an additional 167 shares during the period. Finally, Quent Capital LLC bought a new position in shares of FedEx in the 3rd quarter worth about $71,000. 84.47% of the stock is currently owned by hedge funds and other institutional investors.

FedEx News Roundup

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: Argus raised its price target to $350 and kept a buy/strong-buy view, citing upside from corporate actions and improving fundamentals — a bullish analyst action supporting the stock. Argus adjusts price target on FedEx to $350
• Positive Sentiment: Jim Cramer publicly praised CEO Raj Subramaniam and highlighted the FedEx Freight spin-off as a strategic catalyst investors should watch, lending retail/investor confidence. Jim Cramer on FedEx Freight Spin-Off Plans
• Positive Sentiment: Sector commentary from Zacks flagged air-freight names (including FDX) as well-positioned for upside given cost moves and shareholder-friendly steps, supporting the industry thesis for FedEx. 3 Air-Freight & Cargo Stocks to Monitor
• Neutral Sentiment: J.P. Morgan maintained a hold rating on FDX, signaling cautiousness from a major broker despite positive industry and company developments. J.P. Morgan Maintains Hold Rating on FedEx
• Negative Sentiment: FedEx announced a major overhaul of its French operations that includes network changes, up to 500 job cuts and plans to invest as much as €78 million — a move that should reduce long?run costs but will create near?term restructuring charges, execution risk and potential labor/headline risk in Europe. FedEx to cut up to 500 jobs in France; restructures operations
• Negative Sentiment: Rothschild & Co (Redburn) downgraded FDX from buy/strong-buy to neutral/hold and lowered its price target, arguing that recent rally already priced in expected benefits from the LTL/spin?off moves — a bearish institutional signal that could cap upside. Rothschild & Co downgrades FedEx

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on FDX shares. Barclays boosted their price objective on shares of FedEx from $320.00 to $360.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 16th. Citigroup boosted their price target on FedEx from $310.00 to $327.00 and gave the stock a “buy” rating in a research report on Friday, December 19th. Argus upped their price target on FedEx from $250.00 to $350.00 and gave the stock a “buy” rating in a research note on Wednesday. Rothschild & Co Redburn lowered FedEx from a “buy” rating to a “neutral” rating and set a $271.00 price objective for the company. in a research report on Wednesday. Finally, Redburn Partners set a $271.00 target price on FedEx in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $303.86.

FedEx Stock Performance

FDX stock opened at $309.44 on Friday. The stock has a market capitalization of $72.76 billion, a PE ratio of 17.06, a price-to-earnings-growth ratio of 1.54 and a beta of 1.35. FedEx Corporation has a 12-month low of $194.29 and a 12-month high of $318.83. The company has a current ratio of 1.27, a quick ratio of 1.23 and a debt-to-equity ratio of 0.72. The stock’s 50 day simple moving average is $287.89 and its 200 day simple moving average is $253.83.

FedEx (NYSE:FDX) last posted its earnings results on Thursday, December 18th. The shipping service provider reported $4.82 EPS for the quarter, topping analysts’ consensus estimates of $4.02 by $0.80. The business had revenue of $23.47 billion during the quarter, compared to analyst estimates of $22.79 billion. FedEx had a return on equity of 16.63% and a net margin of 4.81%.The company’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the company earned $4.05 EPS. FedEx has set its FY 2026 guidance at 17.800-19.000 EPS. As a group, research analysts forecast that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 6th. Stockholders of record on Monday, December 15th were issued a dividend of $1.45 per share. This represents a $5.80 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Monday, December 15th. FedEx’s payout ratio is presently 31.97%.

FedEx 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.