Illinois Municipal Retirement Fund Purchases 2,376 Shares of FedEx Corporation $FDX

Illinois Municipal Retirement Fund lifted its position in shares of FedEx Corporation (NYSE:FDX) by 4.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,274 shares of the shipping service provider’s stock after buying an additional 2,376 shares during the period. Illinois Municipal Retirement Fund’s holdings in FedEx were worth $17,469,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Moneco Advisors LLC grew its stake in shares of FedEx by 12.3% during the 3rd quarter. Moneco Advisors LLC now owns 1,384 shares of the shipping service provider’s stock worth $395,000 after acquiring an additional 152 shares in the last quarter. Mesirow Financial Investment Management Inc. lifted its position in shares of FedEx by 0.6% in the third quarter. Mesirow Financial Investment Management Inc. now owns 133,691 shares of the shipping service provider’s stock worth $38,114,000 after purchasing an additional 748 shares in the last quarter. 626 Financial LLC lifted its position in shares of FedEx by 12.9% in the third quarter. 626 Financial LLC now owns 1,150 shares of the shipping service provider’s stock worth $328,000 after purchasing an additional 131 shares in the last quarter. Lido Advisors LLC lifted its position in shares of FedEx by 9.2% in the third quarter. Lido Advisors LLC now owns 33,595 shares of the shipping service provider’s stock worth $9,578,000 after purchasing an additional 2,825 shares in the last quarter. Finally, Cornerstone Wealth Management LLC lifted its position in shares of FedEx by 4.4% in the third quarter. Cornerstone Wealth Management LLC now owns 2,242 shares of the shipping service provider’s stock worth $639,000 after purchasing an additional 95 shares in the last quarter. 84.47% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Tracy B. Brightman sold 26,611 shares of FedEx stock in a transaction dated Friday, October 30th. The shares were sold at an average price of $316.68, for a total value of $8,427,171.48. Following the completion of the transaction, the executive vice president owned 12,245 shares of the company’s stock, valued at $3,877,746.60. This trade represents a 68.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Gina F. Adams sold 3,014 shares of FedEx stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $317.06, for a total transaction of $955,618.84. Following the completion of the transaction, the executive vice president directly owned 9,656 shares of the company’s stock, valued at approximately $3,061,531.36. This trade represents a 23.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 46,387 shares of company stock valued at $14,681,426. 0.65% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on FDX. Weiss Ratings cut shares of FedEx from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, October 29th. JPMorgan Chase & Co. lifted their price target on shares of FedEx from $399.00 to $400.00 and gave the company an “overweight” rating in a research note on Thursday, October 29th. UBS Group reissued a “hold” rating on shares of FedEx in a research report on Friday, October 30th. Raymond James Financial set a $162.00 price objective on shares of FedEx in a research note on Tuesday, November 3rd. Finally, Wall Street Zen upgraded shares of FedEx to a “hold” rating in a research note on Saturday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, FedEx has a consensus rating of “Moderate Buy” and a consensus price target of $359.16.

FedEx News Roundup

Here’s some of the latest news about FDX:

• Neutral Sentiment: FedEx’s growth prospects may appeal to investors, while UPS is highlighted for its higher dividend and lower valuation. The comparison underscores differing investment priorities rather than a clear near-term catalyst for FDX. UPS vs. FedEx
• Negative Sentiment: California’s privacy agency fined FedEx nearly $3 million over alleged violations, including not honoring Global Privacy Control opt-out requests. The amount is limited relative to FedEx’s scale, but the matter poses regulatory and reputational risk. California Privacy Agency Fines FedEx Nearly $3M
• 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 Stock Up 1.0%

NYSE:FDX opened at $322.61 on Thursday. The firm has a market capitalization of $75.56 billion, a price-to-earnings ratio of 19.84, a price-to-earnings-growth ratio of 1.29 and a beta of 1.27. FedEx Corporation has a twelve month low of $207.83 and a twelve month high of $345.36. The stock’s 50 day moving average price is $302.45 and its two-hundred day moving average price is $337.57. The company has a quick ratio of 1.29, a current ratio of 1.33 and a debt-to-equity ratio of 0.50.

FedEx (NYSE:FDX) last announced its quarterly earnings data on Wednesday, October 28th. The shipping service provider reported $3.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.34 by $0.40. The company had revenue of $22.93 billion for the quarter, compared to analysts’ expectations of $22.73 billion. FedEx had a return on equity of 15.53% and a net margin of 4.09%. The business’s revenue was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.83 EPS. Equities research analysts expect that FedEx Corporation will post 18.29 earnings per share for the current fiscal year.

FedEx Announces Dividend

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

FedEx Company 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.