New York State Common Retirement Fund Sells 8,900 Shares of FedEx Corporation $FDX

New York State Common Retirement Fund trimmed its position in shares of FedEx Corporation (NYSE:FDX) by 2.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 363,615 shares of the shipping service provider’s stock after selling 8,900 shares during the period. New York State Common Retirement Fund owned about 0.15% of FedEx worth $85,744,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of FedEx by 1.0% during the second quarter. Vanguard Group Inc. now owns 20,700,326 shares of the shipping service provider’s stock valued at $4,705,391,000 after buying an additional 211,165 shares during the last quarter. Dodge & Cox boosted 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 acquiring an additional 649,426 shares during the period. Geode Capital Management LLC grew its position in FedEx by 0.6% in 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 acquiring an additional 28,450 shares during the last quarter. Franklin Resources Inc. increased its stake in FedEx by 2.1% in the second quarter. Franklin Resources Inc. now owns 4,545,371 shares of the shipping service provider’s stock worth $1,033,208,000 after purchasing an additional 94,136 shares during the period. Finally, Valeo Financial Advisors LLC lifted its position in shares of FedEx by 28,080.9% during the second quarter. Valeo Financial Advisors LLC now owns 3,743,557 shares of the shipping service provider’s stock worth $850,948,000 after purchasing an additional 3,730,273 shares during the last quarter. Institutional investors own 84.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on FDX shares. Citigroup upped their price target on shares of FedEx from $310.00 to $327.00 and gave the stock a “buy” rating in a report on Friday, December 19th. Jefferies Financial Group boosted their price objective on shares of FedEx from $315.00 to $326.00 and gave the company a “buy” rating in a research report on Friday, December 19th. Rothschild Redb downgraded shares of FedEx from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 21st. Raymond James Financial raised their target price on shares of FedEx from $255.00 to $305.00 and gave the stock an “outperform” rating in a research report on Monday, December 22nd. Finally, HSBC boosted their price target on FedEx from $235.00 to $285.00 and gave the company a “hold” rating in a report on Friday, December 19th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, FedEx currently has an average rating of “Hold” and a consensus target price of $303.86.

FedEx Price Performance

Shares of FDX opened at $319.42 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 company has a 50 day moving average price of $292.56 and a 200-day moving average price of $256.40. FedEx Corporation has a fifty-two week low of $194.29 and a fifty-two week high of $319.93. The stock has a market capitalization of $75.10 billion, a PE ratio of 17.61, a PEG ratio of 1.58 and a beta of 1.35.

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

FedEx Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 6th. Investors of record on Monday, December 15th were paid a dividend of $1.45 per share. This represents a $5.80 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Monday, December 15th. FedEx’s dividend payout ratio is 31.97%.

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.