FedEx Corporation $FDX Shares Sold by Parnassus Investments LLC

Parnassus Investments LLC lessened its holdings in FedEx Corporation (NYSE:FDX) by 20.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 307,542 shares of the shipping service provider’s stock after selling 76,652 shares during the period. Parnassus Investments LLC owned about 0.13% of FedEx worth $72,521,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. NewSquare Capital LLC grew its position in shares of FedEx by 121.8% in the second quarter. NewSquare Capital LLC now owns 122 shares of the shipping service provider’s stock valued at $28,000 after purchasing an additional 67 shares during the period. Twin Peaks Wealth Advisors LLC acquired a new stake in FedEx in the 2nd quarter worth about $28,000. City Holding Co. increased its stake in FedEx by 167.0% during the 3rd quarter. City Holding Co. now owns 267 shares of the shipping service provider’s stock worth $63,000 after buying an additional 167 shares in the last quarter. Steigerwald Gordon & Koch Inc. acquired a new position in shares of FedEx during the third quarter valued at approximately $84,000. Finally, Caldwell Trust Co purchased a new position in shares of FedEx in the second quarter valued at approximately $91,000. Hedge funds and other institutional investors own 84.47% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on FDX. Wells Fargo & Company lifted their target price on shares of FedEx from $290.00 to $295.00 and gave the stock an “equal weight” rating in a research note on Friday, December 19th. Daiwa Capital Markets boosted their price target on shares of FedEx from $232.00 to $240.00 and gave the stock a “neutral” rating in a research report on Monday, September 22nd. Royal Bank Of Canada cut shares of FedEx to a “sector perform” rating in a research note on Wednesday, December 17th. Morgan Stanley raised their target price on shares of FedEx from $200.00 to $210.00 and gave the stock an “underweight” rating in a research note on Friday, December 19th. Finally, Stephens upped their price target on FedEx from $260.00 to $330.00 and gave the company an “overweight” rating in a research report on Friday, December 19th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $303.16.

FedEx Stock Performance

Shares of FedEx stock opened at $312.18 on Friday. The stock has a market capitalization of $73.40 billion, a price-to-earnings ratio of 17.21, a price-to-earnings-growth ratio of 1.54 and a beta of 1.35. FedEx Corporation has a 12 month low of $194.29 and a 12 month high of $318.83. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.27 and a quick ratio of 1.23. The business has a 50-day moving average of $279.08 and a 200 day moving average of $248.99.

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

FedEx Dividend Announcement

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

Key Stories Impacting FedEx

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: Bank of America upgraded FDX from Neutral to Buy and named FedEx a top pick for 2026, assigning a $365 price target — a clear catalyst supporting upside sentiment and driving buying interest. Article Title Article Title
• Positive Sentiment: Analysts and coverage are turning more constructive on freight demand: coverage notes the freight recession may be ending, which would lift volume and margins for FedEx if sustained. This narrative underpins today’s buying pressure. Article Title
• Positive Sentiment: Zacks Research raised its FY2026 EPS view (to $18.23 from $17.66) and bumped Q3 2026 EPS (to $3.97 from $3.69), reflecting a slightly improved medium-term outlook for earnings power. (These estimate increases help support the stock’s upside thesis.)
• Neutral Sentiment: Coverage of FedEx’s strategic shift toward premium B2B services examines trade-offs between scale, margin and service quality — relevant for longer-term positioning but unlikely to drive an immediate price move by itself. Article Title
• Neutral Sentiment: Market chatter and individual trader moves (example: a CNBC segment noting a portfolio manager buying FDX) add anecdotal interest but have limited informational impact versus formal analyst actions. Article Title
• Negative Sentiment: Zacks cut its Q1 2027 EPS estimate for FedEx to $4.05 from $4.29, signaling some near-term softness relative to prior expectations; this could weigh on short-term sentiment if earnings or guide-downs follow.

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.