South Dakota Investment Council Has $17.73 Million Stock Position in FedEx Corporation $FDX

South Dakota Investment Council lessened its stake in shares of FedEx Corporation (NYSE:FDX) by 4.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 75,193 shares of the shipping service provider’s stock after selling 3,397 shares during the period. South Dakota Investment Council’s holdings in FedEx were worth $17,731,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Grey Fox Wealth Advisors LLC acquired a new stake in shares of FedEx during the third quarter valued at approximately $27,000. NewSquare Capital LLC boosted its stake in FedEx by 121.8% in the 2nd quarter. NewSquare Capital LLC now owns 122 shares of the shipping service provider’s stock worth $28,000 after purchasing an additional 67 shares during the period. Twin Peaks Wealth Advisors LLC purchased a new position in FedEx during the 2nd quarter worth approximately $28,000. Abich Financial Wealth Management LLC acquired a new stake in FedEx during the 3rd quarter valued at $39,000. Finally, Physician Wealth Advisors Inc. lifted its holdings in shares of FedEx by 27.5% in the third quarter. Physician Wealth Advisors Inc. now owns 218 shares of the shipping service provider’s stock valued at $51,000 after purchasing an additional 47 shares in the last quarter. 84.47% of the stock is currently owned by institutional investors and hedge funds.

FedEx Stock Up 0.0%

FedEx stock opened at $387.02 on Tuesday. The company has a current ratio of 1.27, a quick ratio of 1.23 and a debt-to-equity ratio of 0.72. FedEx Corporation has a 1-year low of $194.29 and a 1-year high of $392.86. The firm’s fifty day simple moving average is $333.54 and its 200-day simple moving average is $278.80. The company has a market capitalization of $91.00 billion, a P/E ratio of 21.34, a P/E/G ratio of 1.85 and a beta of 1.29.

FedEx (NYSE:FDX) last posted its earnings results on Thursday, December 18th. The shipping service provider reported $4.82 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $22.79 billion. During the same period in the prior year, the business posted $4.05 earnings per share. The business’s quarterly revenue was up 6.8% on a year-over-year basis. FedEx has set its FY 2026 guidance at 17.800-19.000 EPS. Sell-side analysts forecast that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Announces Dividend

The business also recently disclosed 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 dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, March 9th. FedEx’s dividend payout ratio (DPR) is presently 31.97%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on FDX shares. Oppenheimer reaffirmed a “market perform” rating on shares of FedEx in a research report on Friday, December 19th. HSBC downgraded FedEx from a “hold” rating to a “reduce” rating and set a $335.00 price objective for the company. in a research note on Wednesday, February 25th. Wolfe Research lifted their target price on FedEx from $355.00 to $394.00 and gave the company an “outperform” rating in a research note on Tuesday, February 10th. Barclays upped their target price on FedEx from $360.00 to $450.00 and gave the company an “overweight” rating in a report on Tuesday, February 10th. Finally, UBS Group raised their price target on shares of FedEx from $314.00 to $412.00 and gave the stock a “buy” rating in a report on Wednesday, February 4th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $364.15.

FedEx 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.