Kovitz Investment Group Partners LLC Cuts Stock Position in FedEx Corporation $FDX

Kovitz Investment Group Partners LLC cut its position in FedEx Corporation (NYSE:FDX) by 4.2% in the third quarter, HoldingsChannel.com reports. The firm owned 75,202 shares of the shipping service provider’s stock after selling 3,286 shares during the period. Kovitz Investment Group Partners LLC’s holdings in FedEx were worth $17,742,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. New York State Teachers Retirement System lifted its holdings in shares of FedEx by 2.3% during the 3rd quarter. New York State Teachers Retirement System now owns 207,077 shares of the shipping service provider’s stock valued at $48,831,000 after purchasing an additional 4,734 shares during the last quarter. D.A. Davidson & CO. grew its stake in FedEx by 10.6% during the 3rd quarter. D.A. Davidson & CO. now owns 48,424 shares of the shipping service provider’s stock worth $11,419,000 after buying an additional 4,634 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in FedEx by 11.2% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 34,958 shares of the shipping service provider’s stock valued at $8,243,000 after buying an additional 3,514 shares in the last quarter. Savant Capital LLC raised its stake in FedEx by 32.5% in the third quarter. Savant Capital LLC now owns 40,019 shares of the shipping service provider’s stock valued at $9,437,000 after buying an additional 9,806 shares during the last quarter. Finally, Pacer Advisors Inc. raised its stake in FedEx by 34.9% in the third quarter. Pacer Advisors Inc. now owns 24,085 shares of the shipping service provider’s stock valued at $5,679,000 after buying an additional 6,234 shares during the last quarter. 84.47% of the stock is currently owned by institutional investors.

Key FedEx News

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: FedEx sued the U.S. seeking a full refund (plus interest) of tariffs the Supreme Court recently ruled unlawful — a successful recovery could materially improve cash flow and reduce past duty expenses. FedEx sues U.S. seeking full refund of Trump tariffs
• Positive Sentiment: Bernstein reaffirmed a Buy rating on FDX, which supports investor confidence in FedEx’s operational turnaround and long-term earnings trajectory. Bernstein Sticks to Their Buy Rating for FedEx (FDX)
• Positive Sentiment: Reported insider buying (Rep. Gilbert Ray Cisneros, Jr. acquired FDX shares) can be viewed as a mild positive signal about management and outlook. FedEx (NYSE:FDX) Stock Acquired Rep. Gilbert Ray Cisneros, Jr.
• Neutral Sentiment: Analyst comparison pieces (e.g., UPS vs. FDX) highlight valuation and margin differences; useful context but not an immediate catalyst. UPS vs. FDX: Which Parcel Delivery Giant Offers Greater Potential Now?
• Neutral Sentiment: Coverage notes the Supreme Court tariff decision won’t meaningfully boost small-package volumes, limiting near-term revenue upside from the ruling. Tariff Decision Doesn’t Give FedEx and UPS a Bump on Small Packages
• Negative Sentiment: Shares snapped a six-session winning streak, indicating profit-taking and short-term selling pressure after the run-up. FedEx shares snapped six-session winning streak
• Negative Sentiment: Legal recovery is uncertain in size and timing; FedEx did not specify an amount sought and litigation may take time, so the headline can create near-term volatility rather than immediate financial benefit. FedEx Sues for Refund of Trump Tariffs Rejected by Supreme Court

FedEx Stock Down 1.3%

FDX stock opened at $383.30 on Tuesday. The firm’s fifty day simple moving average is $323.60 and its 200-day simple moving average is $273.26. The company has a market capitalization of $90.12 billion, a P/E ratio of 21.13, a price-to-earnings-growth ratio of 1.85 and a beta of 1.33. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.27 and a quick ratio of 1.23. FedEx Corporation has a 12 month low of $194.29 and a 12 month high of $391.65.

FedEx (NYSE:FDX) last issued its 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. The firm had revenue of $23.47 billion during the quarter, compared to analysts’ expectations of $22.79 billion. FedEx had a net margin of 4.81% and a return on equity of 16.63%. The firm’s revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the company posted $4.05 earnings per share. FedEx has set its FY 2026 guidance at 17.800-19.000 EPS. As a group, equities research analysts forecast that FedEx Corporation will post 19.14 earnings per share for the current year.

FedEx Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Monday, March 9th will be issued a $1.45 dividend. This represents a $5.80 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, March 9th. FedEx’s payout ratio is 31.97%.

Wall Street Analyst Weigh In

FDX has been the topic of a number of research analyst reports. Stifel Nicolaus set a $412.00 price target on FedEx in a research note on Friday, February 13th. BNP Paribas Exane set a $280.00 target price on shares of FedEx and gave the stock a “neutral” rating in a research note on Tuesday, January 13th. Barclays boosted their target price on shares of FedEx from $360.00 to $450.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 10th. Stephens raised their price target on shares of FedEx from $330.00 to $405.00 and gave the stock an “overweight” rating in a report on Friday, February 13th. Finally, Bank of America lifted their price objective on shares of FedEx from $408.00 to $414.00 and gave the stock a “buy” rating in a research note on Tuesday, February 10th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, FedEx currently has an average rating of “Moderate Buy” and a consensus target price of $358.00.

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.