NorthCrest Asset Manangement LLC Increases Stock Holdings in FedEx Corporation $FDX

NorthCrest Asset Manangement LLC increased its stake in shares of FedEx Corporation (NYSE:FDX) by 23.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 9,351 shares of the shipping service provider’s stock after acquiring an additional 1,774 shares during the quarter. NorthCrest Asset Manangement LLC’s holdings in FedEx were worth $2,781,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC lifted its position in shares of FedEx by 12.8% during the fourth quarter. Brighton Jones LLC now owns 1,825 shares of the shipping service provider’s stock valued at $514,000 after purchasing an additional 207 shares in the last quarter. Empowered Funds LLC grew its position in FedEx by 78.9% in the 1st quarter. Empowered Funds LLC now owns 10,311 shares of the shipping service provider’s stock worth $2,514,000 after purchasing an additional 4,548 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in FedEx in the 2nd quarter valued at about $586,000. Prudential PLC increased its stake in FedEx by 51.5% in the 2nd quarter. Prudential PLC now owns 5,169 shares of the shipping service provider’s stock valued at $1,175,000 after buying an additional 1,756 shares during the last quarter. Finally, Handelsbanken Fonder AB lifted its position in shares of FedEx by 17.4% during the 2nd quarter. Handelsbanken Fonder AB now owns 108,464 shares of the shipping service provider’s stock worth $24,655,000 after buying an additional 16,037 shares in the last quarter. 84.47% of the stock is owned by hedge funds and other institutional investors.

FedEx News Summary

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

Analyst Ratings Changes

A number of brokerages have recently weighed in on FDX. Jefferies Financial Group boosted their target price on FedEx from $425.00 to $450.00 and gave the stock a “buy” rating in a research note on Tuesday, March 3rd. Bank of America lifted their price target on FedEx from $431.00 to $440.00 and gave the stock a “buy” rating in a report on Friday. The Goldman Sachs Group boosted their price objective on FedEx from $364.00 to $369.00 and gave the stock a “buy” rating in a research report on Friday, March 13th. JPMorgan Chase & Co. upped their price objective on FedEx from $424.00 to $432.00 and gave the company a “neutral” rating in a research note on Friday. Finally, Wall Street Zen lowered FedEx from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 14th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $393.85.

FedEx Trading Up 0.7%

NYSE:FDX opened at $358.44 on Monday. The company has a current ratio of 1.47, a quick ratio of 1.44 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $85.53 billion, a PE ratio of 19.08, a price-to-earnings-growth ratio of 1.61 and a beta of 1.29. The firm’s 50 day moving average is $351.21 and its 200 day moving average is $291.76. FedEx Corporation has a 12 month low of $194.29 and a 12 month high of $392.86.

FedEx (NYSE:FDX) last announced its quarterly earnings data on Thursday, March 19th. The shipping service provider reported $5.25 earnings per share for the quarter, beating the consensus estimate of $4.12 by $1.13. FedEx had a return on equity of 16.76% and a net margin of 4.88%.The business had revenue of $24 billion during the quarter, compared to analyst estimates of $23.44 billion. During the same period in the prior year, the company earned $4.51 earnings per share. FedEx’s revenue was up 8.3% compared to the same quarter last year. Sell-side analysts expect that FedEx Corporation will post 19.14 earnings per share for the current year.

FedEx Announces Dividend

The company 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 dividend of $1.45 per share. 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 is presently 30.87%.

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.