Waddell & Associates LLC Purchases 409,410 Shares of FedEx Corporation $FDX

Waddell & Associates LLC grew its stake in FedEx Corporation (NYSE:FDX) by 1,008.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 450,018 shares of the shipping service provider’s stock after buying an additional 409,410 shares during the quarter. FedEx accounts for about 8.9% of Waddell & Associates LLC’s investment portfolio, making the stock its biggest holding. Waddell & Associates LLC owned about 0.19% of FedEx worth $106,119,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in FedEx by 13.2% during the 3rd 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 in the last quarter. Norges Bank bought a new stake in shares of FedEx in the second quarter valued at about $605,497,000. AQR Capital Management LLC boosted its position in shares of FedEx by 750.9% during the second quarter. AQR Capital Management LLC now owns 1,015,627 shares of the shipping service provider’s stock worth $230,862,000 after buying an additional 896,271 shares during the period. Diamond Hill Capital Management Inc. bought a new position in shares of FedEx during the third quarter worth about $171,960,000. Finally, Dodge & Cox raised its position in FedEx by 4.7% in 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 buying an additional 649,426 shares during the last quarter. 84.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Bank of America upped their price target on FedEx from $408.00 to $414.00 and gave the stock a “buy” rating in a research report on Tuesday, February 10th. Wall Street Zen raised shares of FedEx from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 17th. BNP Paribas Exane set a $280.00 price target on shares of FedEx and gave the company a “neutral” rating in a research note on Tuesday, January 13th. Evercore increased their price objective on shares of FedEx from $364.00 to $380.00 in a research note on Tuesday. Finally, The Goldman Sachs Group set a $364.00 price objective on FedEx and gave the company a “buy” rating in a report on Thursday, February 12th. Two analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, FedEx presently has a consensus rating of “Moderate Buy” and a consensus price target of $362.30.

Key FedEx News

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: FedEx sued the U.S. government in the U.S. Court of International Trade seeking a “full refund” plus interest for International Emergency Economic Powers Act (IEEPA) tariffs it paid as importer of record — a win could recover material cash and lift margins. FedEx sues Trump administration for tariff refunds
• Positive Sentiment: Analysts have been lifting valuations and maintaining constructive views amid strong stock momentum — Evercore raised its FDX price target and Redburn/Rothschild raised theirs — signals that some sell‑side shops see upside even after recent gains. Evercore adjusts price target on FedEx
• Neutral Sentiment: Market commentary highlights that FedEx may be the first of many large companies to pursue refunds after the Supreme Court ruling; the legal process could take time and outcomes will vary by filer. Corporate America’s Growing Quest for Tariff Refunds
• Neutral Sentiment: Coverage notes strong technical momentum — FDX is trading near all‑time highs and has outperformed over 52 weeks, which supports sentiment but increases valuation scrutiny. Can FedEx Stock Continue To Deliver?
• Negative Sentiment: Customer lawsuits: a shipper has sued FedEx seeking refunds for tariffs FedEx collected on small parcels — if courts find FedEx liable to return money to customers it collected, that could offset any government reimbursement and add legal/operational headaches. Customer sues FedEx for refund after Supreme Court rejects Trump tariffs
• Negative Sentiment: Uncertainty on recovery size/timing: FedEx hasn’t disclosed the amount sought; company commentary notes tariffs cost it roughly $1B in profit headwinds last year — even a successful suit may take time to translate into improved quarterly results. FedEx is the first major company to sue for a full tariff refund after Supreme Court leaves payback open-ended

FedEx Stock Up 0.7%

FedEx stock opened at $386.31 on Wednesday. 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 company’s 50-day moving average is $325.67 and its 200-day moving average is $274.38. The firm has a market capitalization of $90.83 billion, a PE ratio of 21.30, a P/E/G ratio of 1.83 and a beta of 1.34. FedEx Corporation has a fifty-two week low of $194.29 and a fifty-two week high of $391.65.

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

FedEx Announces Dividend

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

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.