FedEx Corporation $FDX Shares Sold by New South Capital Management Inc.

New South Capital Management Inc. reduced its stake in shares of FedEx Corporation (NYSE:FDX) by 16.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 120,575 shares of the shipping service provider’s stock after selling 24,291 shares during the quarter. FedEx makes up 2.3% of New South Capital Management Inc.’s holdings, making the stock its 13th largest position. New South Capital Management Inc.’s holdings in FedEx were worth $34,375,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. purchased a new position in FedEx in the second quarter valued at about $6,508,103,000. Primecap Management Co. CA bought a new position in FedEx in the second quarter worth about $2,554,138,000. Dimensional Fund Advisors LP raised its holdings in FedEx by 2.1% in the first quarter. Dimensional Fund Advisors LP now owns 2,630,669 shares of the shipping service provider’s stock worth $936,688,000 after purchasing an additional 52,963 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in FedEx by 6.3% in the first quarter. Bank of New York Mellon Corp now owns 2,134,672 shares of the shipping service provider’s stock worth $760,328,000 after purchasing an additional 125,950 shares in the last quarter. Finally, Bank of America Corp DE purchased a new stake in shares of FedEx during the second quarter valued at about $579,171,000. 84.47% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting FedEx

Investors following FDX have been watching these headlines:

• Positive Sentiment: Longer-term growth in retail logistics and omnichannel fulfillment could benefit major providers including FedEx as retailers invest in faster delivery and automation. These industry forecasts are not specific to FedEx. Global Retail Logistics Solutions Market Report 2026
• Negative Sentiment: California’s privacy agency fined FedEx nearly $3 million over alleged violations, including not honoring Global Privacy Control opt-out requests. The amount is limited relative to FedEx’s scale, but the matter poses regulatory and reputational risk. California Privacy Agency Fines FedEx Nearly $3M
• Negative Sentiment: Commentary warns that FedEx’s valuation may already reflect improved margins and that rising costs could constrain further upside. Is FedEx Stock a Buy as Margins Improve but Valuation Looks Full?

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of FedEx to a “hold” rating in a report on Saturday, August 8th. Citigroup lifted their price objective on shares of FedEx from $373.00 to $374.00 and gave the stock a “buy” rating in a research report on Monday, November 2nd. Evercore boosted their price objective on shares of FedEx from $350.00 to $351.00 in a research note on Monday, September 28th. Sanford C. Bernstein set a $377.00 target price on shares of FedEx in a research report on Monday, October 26th. Finally, Bank of America decreased their target price on shares of FedEx from $378.00 to $359.00 and set a “buy” rating for the company in a research report on Tuesday, October 27th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, FedEx presently has an average rating of “Moderate Buy” and a consensus target price of $359.16.

Insider Activity

In related news, CFO Claude F. Russ sold 16,762 shares of the stock in a transaction that occurred on Tuesday, November 10th. The shares were sold at an average price of $316.11, for a total value of $5,298,635.82. Following the completion of the transaction, the chief financial officer directly owned 4,387 shares of the company’s stock, valued at $1,386,774.57. This trade represents a 79.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Tracy B. Brightman sold 26,611 shares of FedEx stock in a transaction that occurred on Friday, October 30th. The stock was sold at an average price of $316.68, for a total transaction of $8,427,171.48. Following the completion of the sale, the executive vice president owned 12,245 shares of the company’s stock, valued at $3,877,746.60. This trade represents a 68.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 46,387 shares of company stock worth $14,681,426 over the last 90 days. 0.65% of the stock is currently owned by corporate insiders.

FedEx Stock Up 1.0%

Shares of FDX stock opened at $322.61 on Thursday. FedEx Corporation has a 1-year low of $207.83 and a 1-year high of $345.36. The stock’s fifty day moving average price is $302.45 and its 200 day moving average price is $337.57. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.33 and a quick ratio of 1.29. The company has a market cap of $75.56 billion, a price-to-earnings ratio of 19.84, a price-to-earnings-growth ratio of 1.29 and a beta of 1.27.

FedEx (NYSE:FDX) last announced its earnings results on Wednesday, October 28th. The shipping service provider reported $3.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.34 by $0.40. FedEx had a return on equity of 15.53% and a net margin of 4.09%. The company had revenue of $22.93 billion for the quarter, compared to analyst estimates of $22.73 billion. During the same period in the prior year, the company posted $3.83 EPS. The firm’s quarterly revenue was up 12.3% compared to the same quarter last year. On average, research analysts expect that FedEx Corporation will post 18.29 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Monday, September 14th were paid a dividend of $1.22 per share. The ex-dividend date was Monday, September 14th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 1.5%. FedEx’s payout ratio is presently 30.01%.

About FedEx

FedEx Corporation is a global transportation and logistics company that provides delivery, freight, and supply chain services to businesses and consumers. Its offerings include express and ground package delivery, freight transportation, customs clearance, and logistics solutions that help customers manage shipping and distribution. Founded by Frederick W. Smith in 1971, FedEx began operations in 1973. The company serves customers throughout the United States and in international markets, connecting businesses and consumers through its transportation and delivery networks.