Kovitz Investment Group Partners LLC Sells 46,531 Shares of FedEx Corporation $FDX

Kovitz Investment Group Partners LLC reduced its holdings in shares of FedEx Corporation (NYSE:FDX) by 61.9% in the fourth quarter, HoldingsChannel reports. The fund owned 28,671 shares of the shipping service provider’s stock after selling 46,531 shares during the period. Kovitz Investment Group Partners LLC’s holdings in FedEx were worth $8,282,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of FDX. OneAscent Financial Services LLC increased its stake in shares of FedEx by 1.7% during the fourth quarter. OneAscent Financial Services LLC now owns 1,699 shares of the shipping service provider’s stock valued at $491,000 after purchasing an additional 29 shares in the last quarter. Arete Wealth Advisors LLC boosted its position in shares of FedEx by 1.7% in the 4th quarter. Arete Wealth Advisors LLC now owns 1,778 shares of the shipping service provider’s stock worth $514,000 after purchasing an additional 30 shares in the last quarter. LRI Investments LLC boosted its position in shares of FedEx by 5.2% in the 4th quarter. LRI Investments LLC now owns 632 shares of the shipping service provider’s stock worth $183,000 after purchasing an additional 31 shares in the last quarter. Cary Street Partners Investment Advisory LLC grew its stake in shares of FedEx by 11.9% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 292 shares of the shipping service provider’s stock worth $84,000 after buying an additional 31 shares during the last quarter. Finally, Legacy Bridge LLC grew its stake in shares of FedEx by 33.0% in the 4th quarter. Legacy Bridge LLC now owns 133 shares of the shipping service provider’s stock worth $38,000 after buying an additional 33 shares during the last quarter. Hedge funds and other institutional investors own 84.47% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on FDX. Truist Financial set a $155.00 price objective on FedEx in a research note on Tuesday, June 2nd. BMO Capital Markets cut their target price on FedEx from $410.00 to $340.00 and set a “market perform” rating on the stock in a research note on Monday, June 1st. Evercore reduced their price target on FedEx from $390.00 to $355.00 in a report on Thursday. Jefferies Financial Group lifted their price target on FedEx from $425.00 to $450.00 and gave the stock a “buy” rating in a research report on Tuesday, March 3rd. Finally, Morgan Stanley upped their price target on shares of FedEx from $220.00 to $230.00 and gave the stock an “underweight” rating in a research note on Friday, March 20th. Eighteen investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, FedEx has a consensus rating of “Moderate Buy” and an average price target of $367.76.

Trending Headlines about FedEx

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: FedEx continues to get supportive coverage around its upcoming earnings, with Barclays maintaining an Overweight rating and some analysts still seeing upside from current levels ahead of the June 23 report.
• Positive Sentiment: Kuebix by FreightWise was named a FedEx Compatible Community Tier Partner for 2026, reinforcing the FedEx ecosystem and its shipping-software integration network.
• Neutral Sentiment: FedEx fuel surcharge changes taking effect June 22 will raise export fuel fees while lowering import rates, a revenue-mix shift that could affect shipment economics but is not yet clear-cut for earnings.
• Neutral Sentiment: Market articles and options commentary are focused on elevated implied volatility and earnings positioning, suggesting traders are bracing for a larger-than-usual move when FedEx reports results.
• Negative Sentiment: Evercore lowered its price target on FedEx to $355 from $390, signaling a more cautious view on the stock’s near-term valuation.
• Negative Sentiment: Pre-earnings estimates call for Q4 EPS of $5.92, down from $6.07 a year ago, which reinforces concerns that profit growth may slow heading into the report.

Insiders Place Their Bets

In related news, EVP Tracy B. Brightman sold 16,959 shares of FedEx stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $363.47, for a total value of $6,164,087.73. Following the completion of the sale, the executive vice president directly owned 11,052 shares in the company, valued at approximately $4,017,070.44. This trade represents a 60.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kawal Preet sold 4,900 shares of the business’s stock in a transaction dated Tuesday, April 14th. The stock was sold at an average price of $367.89, for a total value of $1,802,661.00. Following the completion of the transaction, the executive vice president directly owned 10,953 shares of the company’s stock, valued at approximately $4,029,499.17. This trade represents a 30.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 48,104 shares of company stock valued at $17,599,006. 0.53% of the stock is currently owned by corporate insiders.

FedEx Price Performance

Shares of NYSE FDX opened at $326.36 on Friday. The firm has a market cap of $77.87 billion, a P/E ratio of 17.37, a PEG ratio of 1.48 and a beta of 1.28. FedEx Corporation has a twelve month low of $172.88 and a twelve month high of $345.36. The company has a quick ratio of 1.44, a current ratio of 1.47 and a debt-to-equity ratio of 0.77. The company has a 50 day moving average of $369.57 and a 200 day moving average of $344.75.

FedEx (NYSE:FDX) last issued its earnings results on Thursday, March 19th. The shipping service provider reported $5.25 EPS for the quarter, beating the consensus estimate of $4.12 by $1.13. The business had revenue of $24 billion for the quarter, compared to the consensus estimate of $23.44 billion. FedEx had a return on equity of 16.76% and a net margin of 4.88%.The company’s revenue was up 8.3% compared to the same quarter last year. During the same period last year, the business posted $4.51 EPS. As a group, research analysts expect that FedEx Corporation will post 19.78 EPS for the current fiscal year.

FedEx Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Monday, June 22nd will be issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, June 22nd. FedEx’s dividend payout ratio is presently 30.87%.

FedEx Company 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.