FedEx Corporation $FDX Stock: Pictet Asset Management Holding SA Grows Stake

Pictet Asset Management Holding SA raised its stake in shares of FedEx Corporation (NYSE:FDX) by 49.1% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 136,570 shares of the shipping service provider’s stock after acquiring an additional 44,976 shares during the period. Pictet Asset Management Holding SA owned approximately 0.06% of FedEx worth $38,997,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. bought a new position in shares of FedEx during the 2nd quarter valued at $6,508,103,000. Primecap Management Co. CA bought a new position in FedEx in the second quarter valued at about $2,554,138,000. Dimensional Fund Advisors LP boosted its position 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 during the last quarter. Bank of New York Mellon Corp boosted its position 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 during the last quarter. Finally, Bank of America Corp DE purchased a new position in FedEx in the second quarter worth about $579,171,000. Institutional investors own 84.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on FDX. UBS Group reaffirmed a “hold” rating on shares of FedEx in a research report on Friday, October 30th. JPMorgan Chase & Co. increased their price target on shares of FedEx from $399.00 to $400.00 and gave the stock an “overweight” rating in a research report on Thursday, October 29th. BNP Paribas Exane lifted their target price on FedEx from $269.80 to $300.00 and gave the company a “neutral” rating in a research report on Wednesday, September 30th. Raymond James Financial set a $162.00 price target on FedEx in a report on Tuesday, November 3rd. Finally, Weiss Ratings cut FedEx from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, October 29th. One investment 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. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $359.16.

Insider Buying and Selling at FedEx

In related news, CFO Claude F. Russ sold 16,762 shares of the firm’s stock in a transaction on Tuesday, November 10th. The shares were sold at an average price of $316.11, for a total transaction 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 approximately $1,386,774.57. This trade represents a 79.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Gina F. Adams sold 3,014 shares of FedEx stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $317.06, for a total transaction of $955,618.84. Following the completion of the sale, the executive vice president owned 9,656 shares in the company, valued at approximately $3,061,531.36. This represents a 23.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 46,387 shares of company stock valued at $14,681,426 in the last three months. 0.65% of the stock is currently owned by corporate insiders.

Key FedEx News

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: FedEx raised its fiscal 2026 earnings guidance after reporting higher quarterly sales. Commentary also points to improving margins, strong cash flow and savings from its network overhaul as supports for earnings. What FedEx Stock’s Higher Earnings Outlook Means For Shareholders
• Neutral Sentiment: FedEx appointed Katherine M. Boyle, a general partner at Andreessen Horowitz, to its board and committees, including roles involving cyber oversight. The new director adds experience, though the appointment’s financial impact is not yet clear. Katherine M. Boyle Elected to FedEx Board
• Neutral Sentiment: Analyst commentary is divided on valuation: one view says cash-flow potential may leave shares below fair value, while another cautions that the valuation looks full and rising costs could limit upside. Is FedEx Stock a Buy as Margins Improve but Valuation Looks Full?
• Negative Sentiment: California’s privacy agency fined FedEx nearly $3 million over alleged privacy violations, including failing to honor opt-out requests through Global Privacy Control. The fine is modest relative to the company’s scale, but the allegations add regulatory and reputational risk. California Privacy Agency Fines FedEx Nearly $3M
• Negative Sentiment: CFO Claude Russ sold 16,762 shares, reducing his holdings by about 79%. Insider sales can occur for personal reasons and do not by themselves establish a negative business outlook, but the size of the reduction may draw investor attention. SEC Form 4 filing
• Negative Sentiment: FedEx named Jamere Jackson as CFO, effective immediately. His prior CFO experience is a plus, but a leadership transition brings some near-term execution uncertainty. Why Is FedEx Bringing In Jamere Jackson As CFO?

FedEx Stock Up 0.2%

FDX opened at $319.56 on Wednesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.29 and a current ratio of 1.33. FedEx Corporation has a fifty-two week low of $203.20 and a fifty-two week high of $345.36. The firm’s fifty day moving average is $302.48 and its 200 day moving average is $337.47. The stock has a market cap of $74.84 billion, a price-to-earnings ratio of 19.65, a price-to-earnings-growth ratio of 1.28 and a beta of 1.27.

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

FedEx Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Monday, September 14th were issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Monday, September 14th. FedEx’s dividend payout ratio (DPR) is 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.