Grove Bank & Trust Has $662,000 Position in FedEx Corporation $FDX

Grove Bank & Trust lifted its holdings in shares of FedEx Corporation (NYSE:FDX) by 438.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,293 shares of the shipping service provider’s stock after buying an additional 1,867 shares during the period. Grove Bank & Trust’s holdings in FedEx were worth $662,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. BHK Investment Advisors LLC increased its position in shares of FedEx by 1.4% during the 3rd quarter. BHK Investment Advisors LLC now owns 3,074 shares of the shipping service provider’s stock worth $725,000 after purchasing an additional 41 shares during the last quarter. Probity Advisors Inc. grew its stake in shares of FedEx by 2.2% in the third quarter. Probity Advisors Inc. now owns 1,981 shares of the shipping service provider’s stock valued at $467,000 after buying an additional 43 shares in the last quarter. Quadrant Capital Group LLC increased its holdings in FedEx by 0.5% during the third quarter. Quadrant Capital Group LLC now owns 7,884 shares of the shipping service provider’s stock worth $1,859,000 after buying an additional 43 shares during the last quarter. Joel Isaacson & Co. LLC raised its holdings in shares of FedEx by 1.7% in the 3rd quarter. Joel Isaacson & Co. LLC now owns 2,617 shares of the shipping service provider’s stock valued at $617,000 after purchasing an additional 44 shares during the period. Finally, Triglav Investments D.O.O. lifted its stake in FedEx by 0.8% in the 3rd quarter. Triglav Investments D.O.O. now owns 5,704 shares of the shipping service provider’s stock valued at $1,344,000 after purchasing an additional 44 shares during the last quarter. Institutional investors own 84.47% of the company’s stock.

Key FedEx News

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: Q3 beat and guidance raise — FedEx posted a double beat (EPS and revenue) and lifted full‑year profit guidance, which is the primary driver behind the stock rally. Article Link
• Positive Sentiment: Analyst re‑ratings and price‑target lifts — Multiple firms (UBS, Wells Fargo, BofA, Susquehanna, Stephens, TD Cowen, Truist, Stifel, BMO, etc.) raised targets or upgraded ratings after the results, supporting further upside sentiment. Article Link
• Neutral Sentiment: Management says demand is holding — FedEx flagged that early‑March volumes matched expectations and that its fuel surcharge is moderating higher fuel costs, but management assumes no additional geopolitical disruptions. That reduces immediate downside but leaves exposure to future shocks. Article Link
• Neutral Sentiment: Market context is mixed — broader markets are pressured by oil/geo risks and macro data, so FedEx’s outperformance is occurring in a risk‑off environment that could limit follow‑through. Article Link
• Negative Sentiment: Cost and segment risks persist — fuel costs are materially higher (a key margin headwind) and the Freight business remains weak; both could pressure results if trends worsen. Article Link
• Negative Sentiment: Some caution in the market and mixed guidance reaction — a few headlines note the company gave a relatively cautious near‑term forecast that caused intraday profit‑taking, and one major house (Morgan Stanley) still expresses an underweight stance with a much lower target. Article Link
• Negative Sentiment: Operational/PR risk — the NTSB is probing a close runway call involving a FedEx jet, a reputational/operational overhang to monitor. Article Link

FedEx Trading Up 0.7%

FDX opened at $358.44 on Friday. The stock has a market capitalization of $84.28 billion, a price-to-earnings ratio of 19.08, a P/E/G ratio of 1.70 and a beta of 1.29. The company has a quick ratio of 1.23, a current ratio of 1.27 and a debt-to-equity ratio of 0.72. FedEx Corporation has a twelve month low of $194.29 and a twelve month high of $392.86. The company has a 50-day simple moving average of $351.21 and a 200 day simple moving average of $291.29.

FedEx (NYSE:FDX) last issued its earnings results on Thursday, March 19th. The shipping service provider reported $5.25 EPS for the quarter, beating the consensus estimate of $4.12 by $1.13. FedEx had a net margin of 4.88% and a return on equity of 17.03%. The company had revenue of $24 billion during the quarter, compared to analysts’ expectations of $23.44 billion. During the same period in the previous year, the company earned $4.51 EPS. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. Analysts predict that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Monday, March 9th will be paid a $1.45 dividend. The ex-dividend date is Monday, March 9th. This represents a $5.80 annualized dividend and a dividend yield of 1.6%. FedEx’s dividend payout ratio (DPR) is presently 30.87%.

Wall Street Analysts Forecast Growth

FDX has been the topic of a number of recent analyst reports. Jefferies Financial Group boosted their price target on FedEx from $425.00 to $450.00 and gave the stock a “buy” rating in a research report on Tuesday, March 3rd. Rothschild & Co Redburn lifted their price objective on shares of FedEx from $317.00 to $371.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 24th. Truist Financial upped their price objective on shares of FedEx from $400.00 to $425.00 and gave the company a “buy” rating in a report on Friday. JPMorgan Chase & Co. increased their price target on shares of FedEx from $424.00 to $432.00 and gave the company a “neutral” rating in a report on Friday. Finally, TD Cowen boosted their price objective on FedEx from $383.00 to $426.00 and gave the stock a “buy” rating in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, FedEx has an average rating of “Moderate Buy” and an average target price of $393.85.

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.