FedEx Corporation $FDX Shares Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. boosted its stake in shares of FedEx Corporation (NYSE:FDX) by 1,019.7% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 147,929 shares of the shipping service provider’s stock after purchasing an additional 134,718 shares during the quarter. Assenagon Asset Management S.A.’s holdings in FedEx were worth $52,689,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. EFG International AG purchased a new stake in shares of FedEx in the fourth quarter valued at about $27,000. Wealth Watch Advisors INC acquired a new position in FedEx in the 3rd quarter valued at about $28,000. Ameriflex Group Inc. grew its stake in shares of FedEx by 103.3% in the 3rd quarter. Ameriflex Group Inc. now owns 124 shares of the shipping service provider’s stock valued at $29,000 after buying an additional 63 shares during the period. Ulland Investment Advisors LLC acquired a new stake in shares of FedEx during the 4th quarter worth approximately $29,000. Finally, Tucker Asset Management LLC acquired a new stake in shares of FedEx during the 4th quarter worth approximately $29,000. 84.47% of the stock is owned by institutional investors and hedge funds.

FedEx Price Performance

FedEx stock opened at $328.93 on Friday. The stock has a market cap of $78.49 billion, a P/E ratio of 17.77, a price-to-earnings-growth ratio of 1.44 and a beta of 1.28. The company has a fifty day simple moving average of $364.66 and a 200-day simple moving average of $346.57. The company has a current ratio of 1.48, a quick ratio of 1.44 and a debt-to-equity ratio of 0.74. FedEx Corporation has a 12-month low of $172.88 and a 12-month high of $345.36.

FedEx (NYSE:FDX) last released its quarterly earnings data on Tuesday, June 23rd. The shipping service provider reported $6.31 EPS for the quarter, beating analysts’ consensus estimates of $5.91 by $0.40. FedEx had a return on equity of 16.49% and a net margin of 4.68%.The business had revenue of $25.01 billion for the quarter, compared to the consensus estimate of $24.04 billion. During the same quarter in the prior year, the business posted $6.07 EPS. The business’s revenue for the quarter was up 12.5% on a year-over-year basis. FedEx has set its FY 2027 guidance at 16.900-18.100 EPS. Equities analysts expect that FedEx Corporation will post 21.59 EPS for the current fiscal year.

FedEx Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Monday, June 22nd will be given a $1.22 dividend. The ex-dividend date of this dividend is Monday, June 22nd. This represents a $4.88 dividend on an annualized basis and a yield of 1.5%. FedEx’s payout ratio is 25.97%.

Key Headlines Impacting FedEx

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: FedEx posted a Q4 earnings beat, with adjusted EPS of $6.31 and revenue of $25.01 billion, both above estimates. Management also raised its fiscal 2026 revenue outlook and said volume trends improved, including stronger U.S. domestic and international export package demand. Article Title
• Positive Sentiment: Bank of America highlighted strong underlying momentum, saying the selloff appears driven more by reporting-transition “noise” than by operational weakness, and kept a bullish view on the stock. Article Title
• Positive Sentiment: FedEx announced $4.15 billion in cash tender offers for debt, which could help improve balance-sheet efficiency and support future shareholder returns if successfully executed. Article Title
• Neutral Sentiment: FedEx Freight, now a standalone business, said it expects margin growth in the second half of the year and reported revenue that beat expectations in its first standalone earnings report. That may support the broader thesis, but it is not directly lifting FedEx’s core stock reaction today. Article Title
• Negative Sentiment: Several outlets and analysts said the stock fell because operating margins dropped, the 2026 outlook disappointed some investors, and the freight spin-off created added uncertainty about near-term profitability. Article Title
• Negative Sentiment: TD Cowen cut its price target on FedEx, adding to the cautious analyst tone after earnings and reinforcing concerns that profit recovery may take longer than expected. Article Title

Insider Transactions at FedEx

In other news, Director Susan C. Schwab sold 5,795 shares of the business’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $369.00, for a total value of $2,138,355.00. Following the completion of the sale, the director directly owned 10,038 shares of the company’s stock, valued at approximately $3,704,022. The trade was a 36.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Gina F. Adams sold 20,450 shares of the business’s stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $366.45, for a total value of $7,493,902.50. Following the completion of the sale, the executive vice president owned 19,403 shares of the company’s stock, valued at approximately $7,110,229.35. This represents a 51.31% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 48,104 shares of company stock worth $17,599,006. 0.53% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on FDX shares. Deutsche Bank Aktiengesellschaft cut FedEx from a “buy” rating to a “hold” rating in a research note on Wednesday, May 27th. Raymond James Financial reduced their price objective on shares of FedEx from $415.00 to $330.00 and set an “outperform” rating on the stock in a report on Wednesday. JPMorgan Chase & Co. raised shares of FedEx from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $432.00 to $460.00 in a research note on Wednesday, May 27th. Stifel Nicolaus reduced their price target on shares of FedEx from $442.00 to $326.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, Seaport Research Partners initiated coverage on shares of FedEx in a research report on Wednesday, May 27th. They set a “buy” rating for the company. Eighteen research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $356.91.

About FedEx

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.