Kornitzer Capital Management Inc. KS Sells 2,403 Shares of FedEx Corporation $FDX

Kornitzer Capital Management Inc. KS decreased its position in shares of FedEx Corporation (NYSE:FDX) by 7.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,096 shares of the shipping service provider’s stock after selling 2,403 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in FedEx were worth $6,625,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of FDX. Probity Advisors Inc. grew its position in 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 acquiring an additional 43 shares during the last quarter. WealthPlan Investment Management LLC boosted its stake in shares of FedEx by 3.2% in the 2nd quarter. WealthPlan Investment Management LLC now owns 1,439 shares of the shipping service provider’s stock valued at $327,000 after purchasing an additional 44 shares in the last quarter. Joel Isaacson & Co. LLC boosted its stake 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 in the last quarter. NORTHSTAR ASSET MANAGEMENT Co grew its holdings in shares of FedEx by 1.2% during the 3rd quarter. NORTHSTAR ASSET MANAGEMENT Co now owns 3,890 shares of the shipping service provider’s stock valued at $917,000 after purchasing an additional 45 shares during the last quarter. Finally, L2 Asset Management LLC increased its position in FedEx by 4.9% during the 2nd quarter. L2 Asset Management LLC now owns 985 shares of the shipping service provider’s stock worth $224,000 after purchasing an additional 46 shares in the last quarter. Institutional investors and hedge funds own 84.47% of the company’s stock.

Analysts Set New Price Targets

FDX has been the topic of a number of research analyst reports. Oppenheimer restated a “market perform” rating on shares of FedEx in a research report on Friday, December 19th. Barclays increased their price target on FedEx from $320.00 to $360.00 and gave the company an “overweight” rating in a research note on Tuesday, December 16th. JPMorgan Chase & Co. restated a “neutral” rating on shares of FedEx in a research report on Tuesday, January 20th. Citigroup increased their target price on FedEx from $310.00 to $327.00 and gave the company a “buy” rating in a research report on Friday, December 19th. Finally, BNP Paribas Exane set a $280.00 price target on FedEx and gave the stock a “neutral” rating in a report on Tuesday, January 13th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, FedEx presently has a consensus rating of “Hold” and an average target price of $303.86.

FedEx News Roundup

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: FedEx Freight will begin life as an investment‑grade credit — rating agencies/markets expect the spun Freight unit to carry investment‑grade status, which should lower its cost of capital and reduce execution risk associated with the planned spin‑off. FedEx Freight will begin life as an investment-grade credit
• Positive Sentiment: FedEx priced $3.7B of senior notes for FedEx Freight (multiple maturities and fixed coupons), showing market access and tangible financing in place ahead of the spin‑off — this execution lowers one material uncertainty around the separation. FedEx Announces Pricing of FedEx Freight’s $3.7 Billion Offering of Senior Notes
• Positive Sentiment: Short interest fell ~17.4% in January to ~3.43M shares (1.5% of float; 1.8 days to cover), indicating fewer bearish bets and supporting price upside as short pressure eases. Source: internal short interest update
• Positive Sentiment: Analyst/market momentum: Zacks highlights FedEx’s recent outperformance and the stock was upgraded to a Zacks Rank #2 (Buy), reinforcing positive sentiment and attracting buyer interest. FedEx (FDX) Upgraded to Buy
• Positive Sentiment: Sector tailwind: UPS beat earnings and moved higher, and markets noted FedEx also rose on the session — positive peer performance often boosts investor confidence in FDX. UPS gains after topping earning expectations; FedEx higher also
• Neutral Sentiment: Management succession: FedEx named Scott Ray as COO for U.S. & Canada Surface Operations (transition starting Feb. 1; effective June 1). This is operational continuity/succession planning but not an immediate earnings driver. FedEx Appoints Scott Ray as Chief Operating Officer
• Neutral Sentiment: Valuation debate: some coverage asks whether it’s time to reassess FDX after strong multi‑year gains — a reminder that upside is accompanied by higher valuation risk. Is It Time To Reassess FedEx (FDX) After Strong Multi Year Share Price Gains?
• Neutral Sentiment: Additional Zacks commentary explores whether investors are undervaluing FedEx and how it compares to transport peers — useful for longer‑term positioning but less likely to move the stock intraday. Are Investors Undervaluing FedEx (FDX) Right Now?

FedEx Stock Performance

NYSE:FDX opened at $312.26 on Wednesday. FedEx Corporation has a 52-week low of $194.29 and a 52-week high of $318.83. The firm has a market cap of $73.42 billion, a price-to-earnings ratio of 17.21, a PEG ratio of 1.53 and a beta of 1.35. The business’s fifty day moving average is $290.39 and its 200 day moving average is $255.54. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.23 and a current ratio of 1.27.

FedEx (NYSE:FDX) last posted its quarterly earnings results on Thursday, December 18th. The shipping service provider reported $4.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.02 by $0.80. FedEx had a return on equity of 16.63% and a net margin of 4.81%.The firm had revenue of $23.47 billion during the quarter, compared to analyst estimates of $22.79 billion. During the same quarter in the previous year, the firm earned $4.05 EPS. FedEx’s quarterly revenue was up 6.8% compared to the same quarter last year. FedEx has set its FY 2026 guidance at 17.800-19.000 EPS. Research analysts predict that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 6th. Investors of record on Monday, December 15th were given a dividend of $1.45 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $5.80 annualized dividend and a dividend yield of 1.9%. FedEx’s dividend payout ratio (DPR) is 31.97%.

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.