New South Capital Management Inc. Sells 24,291 Shares of FedEx Corporation $FDX

New South Capital Management Inc. lessened its holdings in shares of FedEx Corporation (NYSE:FDX) by 16.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 120,575 shares of the shipping service provider’s stock after selling 24,291 shares during the period. FedEx comprises approximately 2.3% of New South Capital Management Inc.’s investment portfolio, making the stock its 13th biggest position. New South Capital Management Inc. owned 0.05% of FedEx worth $34,375,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. OMERS ADMINISTRATION Corp boosted its stake in shares of FedEx by 104.9% during the first quarter. OMERS ADMINISTRATION Corp now owns 17,319 shares of the shipping service provider’s stock valued at $6,169,000 after purchasing an additional 8,868 shares during the period. First Nebraska Trust Co purchased a new position in FedEx in the 1st quarter worth about $10,675,000. NewEdge Advisors LLC increased its stake in FedEx by 74.1% in the 2nd quarter. NewEdge Advisors LLC now owns 34,354 shares of the shipping service provider’s stock worth $10,757,000 after buying an additional 14,624 shares during the period. Tidal Investments LLC increased its stake in FedEx by 9.8% in the 2nd quarter. Tidal Investments LLC now owns 48,662 shares of the shipping service provider’s stock worth $15,238,000 after buying an additional 4,340 shares during the period. Finally, Archer Investment Corp bought a new stake in FedEx during the 2nd quarter valued at about $1,147,000. Institutional investors own 84.47% of the company’s stock.

Analyst Upgrades and Downgrades

FDX has been the subject of several research reports. Citigroup boosted their price objective on shares of FedEx from $373.00 to $374.00 and gave the company a “buy” rating in a research report on Monday, November 2nd. Citizens Jmp assumed coverage on shares of FedEx in a research note on Wednesday, July 15th. They issued a “market outperform” rating and a $375.00 target price on the stock. UBS Group reaffirmed a “hold” rating on shares of FedEx in a research report on Friday, October 30th. Wall Street Zen raised shares of FedEx to a “hold” rating in a research note on Saturday, August 8th. Finally, Raymond James Financial set a $162.00 price target on shares of FedEx in a research note on Tuesday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $359.16.

Insider Activity

In other news, CFO Claude Russ sold 16,762 shares of the business’s stock in a transaction dated Tuesday, November 10th. The shares were sold at an average price of $316.11, for a total value of $5,298,635.82. Following the completion of the sale, the chief financial officer owned 4,387 shares in the company, valued at approximately $1,386,774.57. The trade was a 79.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Gina Adams sold 3,014 shares of the company’s stock in a transaction that occurred on Monday, November 2nd. The stock was 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 directly owned 9,656 shares of the company’s stock, valued at $3,061,531.36. The trade was a 23.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 46,387 shares of company stock worth $14,681,426. 0.65% of the stock is currently owned by corporate insiders.

FedEx Price Performance

FDX opened at $322.61 on Thursday. The company has a market capitalization of $75.56 billion, a price-to-earnings ratio of 19.84, a PEG ratio of 1.29 and a beta of 1.27. The company has a current ratio of 1.33, a quick ratio of 1.29 and a debt-to-equity ratio of 0.50. FedEx Corporation has a 12-month low of $207.83 and a 12-month high of $345.36. The business’s fifty day simple moving average is $302.45 and its 200-day simple moving average is $337.57.

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, beating the consensus estimate of $3.34 by $0.40. FedEx had a return on equity of 15.53% and a net margin of 4.09%. The firm had revenue of $22.93 billion during the quarter, compared to the consensus estimate of $22.73 billion. During the same period in the previous year, the company posted $3.83 earnings per share. The firm’s quarterly revenue was up 12.3% on a year-over-year basis. On average, equities research analysts anticipate that FedEx Corporation will post 18.29 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Monday, September 14th were given a dividend of $1.22 per share. The ex-dividend date of this dividend was Monday, September 14th. This represents a $4.88 dividend on an annualized basis and a yield of 1.5%. FedEx’s dividend payout ratio (DPR) is 30.01%.

FedEx News Summary

Investors following FDX have been watching these news items:

• Positive Sentiment: FedEx raised its fiscal 2026 earnings outlook after quarterly sales rose. Analysts also cite improving margins, strong cash flow and savings from its network overhaul as potential earnings drivers. What FedEx Stock’s Higher Earnings Outlook Means For Shareholders
• Negative Sentiment: CFO Claude Russ sold 16,762 shares, reducing his stake by about 79%. Insider sales can have personal reasons, but the size of the transaction may weigh on sentiment. SEC Form 4 filing
• Negative Sentiment: Commentary warns that FedEx’s valuation may already reflect improved margins and that rising costs could constrain further upside. Is FedEx Stock a Buy as Margins Improve but Valuation Looks Full?

FedEx Profile

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.