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

Sumitomo Mitsui Trust Group Inc. cut its position in FedEx Corporation (NYSE:FDX) by 4.5% in the second quarter, Holdings Channel reports. The firm owned 520,857 shares of the shipping service provider’s stock after selling 24,809 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in FedEx were worth $118,396,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of FedEx by 1.4% in the first quarter. Vanguard Group Inc. now owns 20,489,161 shares of the shipping service provider’s stock valued at $4,994,848,000 after acquiring an additional 289,655 shares during the period. Valeo Financial Advisors LLC raised its position in FedEx by 28,080.9% in the 2nd quarter. Valeo Financial Advisors LLC now owns 3,743,557 shares of the shipping service provider’s stock valued at $850,948,000 after purchasing an additional 3,730,273 shares during the last quarter. Invesco Ltd. boosted its stake in FedEx by 1.4% during the 1st quarter. Invesco Ltd. now owns 3,264,993 shares of the shipping service provider’s stock worth $795,940,000 after purchasing an additional 43,989 shares during the period. Hotchkis & Wiley Capital Management LLC grew its position in FedEx by 7.1% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 2,030,687 shares of the shipping service provider’s stock worth $495,041,000 after purchasing an additional 135,290 shares during the last quarter. Finally, ACR Alpine Capital Research LLC increased its stake in FedEx by 85.9% in the first quarter. ACR Alpine Capital Research LLC now owns 1,585,033 shares of the shipping service provider’s stock valued at $386,399,000 after purchasing an additional 732,266 shares during the period. Institutional investors and hedge funds own 84.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on FDX. Sanford C. Bernstein increased their target price on shares of FedEx from $247.00 to $250.00 and gave the stock a “market perform” rating in a research note on Monday, September 22nd. Susquehanna upped their price objective on FedEx from $285.00 to $300.00 and gave the company a “positive” rating in a research note on Friday, September 19th. HSBC lifted their target price on FedEx from $230.00 to $235.00 in a research note on Friday, September 19th. Wolfe Research upped their price target on FedEx from $254.00 to $298.00 in a research note on Tuesday, October 7th. Finally, Evercore ISI lowered their price objective on shares of FedEx from $243.00 to $239.00 in a research report on Friday, September 19th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $271.83.

FedEx Trading Up 1.3%

NYSE:FDX opened at $241.24 on Friday. FedEx Corporation has a 1 year low of $194.29 and a 1 year high of $308.53. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.21 and a current ratio of 1.25. The stock has a fifty day moving average price of $233.05 and a two-hundred day moving average price of $226.69. The stock has a market capitalization of $56.92 billion, a price-to-earnings ratio of 14.08, a PEG ratio of 1.34 and a beta of 1.28.

FedEx (NYSE:FDX) last issued its earnings results on Thursday, September 18th. The shipping service provider reported $3.83 EPS for the quarter, topping the consensus estimate of $3.71 by $0.12. The company had revenue of $22.20 billion for the quarter, compared to analyst estimates of $21.74 billion. FedEx had a net margin of 4.65% and a return on equity of 16.33%. The business’s revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the firm earned $3.60 EPS. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. As a group, sell-side analysts anticipate that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Monday, September 8th were issued a $1.45 dividend. The ex-dividend date of this dividend was Monday, September 8th. This represents a $5.80 dividend on an annualized basis and a yield of 2.4%. FedEx’s dividend payout ratio (DPR) is 33.86%.

FedEx Profile

FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. It operates through FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services segments. The FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; and time-critical transportation services.