Synovus Financial Corp Decreases Stock Position in FedEx Corporation $FDX

Synovus Financial Corp cut its stake in shares of FedEx Corporation (NYSE:FDX) by 25.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,320 shares of the shipping service provider’s stock after selling 1,786 shares during the quarter. Synovus Financial Corp’s holdings in FedEx were worth $1,256,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of FedEx by 13.2% in the third quarter. Vanguard Group Inc. now owns 23,442,049 shares of the shipping service provider’s stock worth $5,527,870,000 after purchasing an additional 2,741,723 shares during the last quarter. Dodge & Cox increased its holdings in FedEx by 4.7% during the 2nd quarter. Dodge & Cox now owns 14,482,494 shares of the shipping service provider’s stock valued at $3,292,016,000 after purchasing an additional 649,426 shares during the period. Geode Capital Management LLC raised its position in FedEx by 0.6% during the 2nd quarter. Geode Capital Management LLC now owns 4,947,670 shares of the shipping service provider’s stock valued at $1,124,524,000 after purchasing an additional 28,450 shares during the last quarter. Franklin Resources Inc. lifted its holdings in FedEx by 2.1% in the 2nd quarter. Franklin Resources Inc. now owns 4,545,371 shares of the shipping service provider’s stock worth $1,033,208,000 after buying an additional 94,136 shares during the period. Finally, Invesco Ltd. grew its position in shares of FedEx by 7.5% in the 2nd quarter. Invesco Ltd. now owns 3,510,472 shares of the shipping service provider’s stock worth $797,965,000 after buying an additional 245,479 shares during the last quarter. 84.47% of the stock is owned by hedge funds and other institutional investors.

Key FedEx News

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: Supreme Court ruling that many of former President Trump’s tariffs are illegal boosted transportation stocks broadly, providing a favorable macro/volume tailwind for FedEx. Transportation Stocks Rally After Trump’s Tariffs Ruled Illegal
• Positive Sentiment: Market rotation into FedEx is being driven by its corporate restructuring and a planned freight-unit spin-off, which investors view as value-accretive and helped push the stock to record levels. Beyond the Box: How FedEx Is Winning as Tech Slumps (FDX)
• Positive Sentiment: Analyst sentiment is turning constructive: Zacks upgraded FDX to a “strong-buy” and consensus ratings sit around a moderate-buy — supporting further investor interest. Zacks.com
• Positive Sentiment: Operational overhaul and profitability improvement narratives are gaining traction, reinforcing valuation re-rates as investors look beyond near-term cyclicality. FedEx (FDX) Valuation Check As Profitability Efforts And Operational Overhaul Gain Traction
• Neutral Sentiment: Recent price reports note FDX trading near multi‑year highs after yesterday’s gains; these are market-motion summaries rather than new catalysts. FedEx (FDX) Exceeds Market Returns: Some Facts to Consider
• Neutral Sentiment: Several “bullish vs. bearish” coverage pieces and aggregates are tracking analyst views; they summarize sentiment but do not introduce new company-level news. FedEx Corporation Stock: Is Wall Street Bullish or Bearish?

FedEx Stock Up 1.4%

NYSE:FDX opened at $388.49 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.23 and a current ratio of 1.27. The firm has a market cap of $91.34 billion, a P/E ratio of 21.42, a P/E/G ratio of 1.85 and a beta of 1.34. FedEx Corporation has a fifty-two week low of $194.29 and a fifty-two week high of $391.27. The firm has a 50-day simple moving average of $321.56 and a two-hundred day simple moving average of $271.82.

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

FedEx Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Monday, March 9th will be issued a $1.45 dividend. The ex-dividend date of this dividend is Monday, March 9th. This represents a $5.80 dividend on an annualized basis and a dividend yield of 1.5%. FedEx’s dividend payout ratio (DPR) is presently 31.97%.

Analyst Upgrades and Downgrades

Several brokerages have commented on FDX. UBS Group upped their price objective on shares of FedEx from $314.00 to $412.00 and gave the stock a “buy” rating in a report on Wednesday, February 4th. Barclays upped their price target on FedEx from $360.00 to $450.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 10th. TD Cowen raised their price objective on FedEx from $313.00 to $383.00 and gave the company a “buy” rating in a research report on Friday, February 13th. Wall Street Zen upgraded shares of FedEx from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 17th. Finally, BMO Capital Markets increased their price target on shares of FedEx from $290.00 to $400.00 and gave the stock a “market perform” rating in a research note on Friday, February 13th. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $358.00.

About FedEx

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.