VIRGINIA RETIREMENT SYSTEMS ET Al Increases Holdings in FedEx Corporation $FDX

VIRGINIA RETIREMENT SYSTEMS ET Al grew its position in shares of FedEx Corporation (NYSE:FDX) by 89.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 168,128 shares of the shipping service provider’s stock after acquiring an additional 79,400 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in FedEx were worth $48,565,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Grey Fox Wealth Advisors LLC bought a new stake in shares of FedEx in the 3rd quarter worth approximately $27,000. Wealth Watch Advisors INC bought a new position in FedEx in the 3rd quarter valued at approximately $28,000. Ameriflex Group Inc. lifted its holdings in shares of FedEx by 103.3% during the 3rd quarter. Ameriflex Group Inc. now owns 124 shares of the shipping service provider’s stock valued at $29,000 after buying an additional 63 shares during the period. Ulland Investment Advisors LLC bought a new position in shares of FedEx during the 4th quarter valued at $29,000. Finally, ORG Partners LLC lifted its holdings in shares of FedEx by 50.0% during the 4th quarter. ORG Partners LLC now owns 105 shares of the shipping service provider’s stock valued at $30,000 after buying an additional 35 shares during the period. Hedge funds and other institutional investors own 84.47% of the company’s stock.

Key FedEx News

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: Bank of America added FedEx to its “US 1 List,” signaling it views the logistics giant as one of its top investment ideas and a preferred industrial transformation play. BofA Just Picked FedEx Stock as One of Its Best Ideas: Logistics Giant Joins the US 1 List
• Positive Sentiment: FedEx announced the SEC has declared effective the Form 10 for FedEx Freight, keeping the planned June 1, 2026 spin-off on track and removing a key execution risk. FedEx Announces Effectiveness of Form 10 Registration Statement for FedEx Freight
• Positive Sentiment: Recent commentary from investors and analysts highlights improving cost savings, pricing power, and network efficiency, with FedEx and J.B. Hunt seen as benefiting from freight-market shifts and rising fuel-related surcharges. Assessing FedEx (FDX) Valuation After Freight Spin Off Plan Cost Savings Progress And Amazon Competition
• Neutral Sentiment: JPMorgan reaffirmed a neutral rating, suggesting some caution remains despite the recent positive momentum. FedEx JPMorgan remains neutral
• Neutral Sentiment: Barclays reaffirmed its buy rating, adding to the generally favorable analyst backdrop but without a major new catalyst. FedEx Barclays remains its buy rating
• Negative Sentiment: Ongoing competition from Amazon Supply Chain Services remains a concern, as investors weigh whether FedEx can defend margins and growth in a more competitive parcel market. Assessing FedEx (FDX) Valuation After Freight Spin Off Plan Cost Savings Progress And Amazon Competition

Analyst Ratings Changes

FDX has been the topic of several research analyst reports. Wells Fargo & Company increased their price target on FedEx from $430.00 to $450.00 and gave the company an “overweight” rating in a report on Friday, March 20th. BMO Capital Markets increased their price target on FedEx from $400.00 to $410.00 and gave the stock a “market perform” rating in a research note on Friday, March 20th. Zacks Research lowered FedEx from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 18th. Citigroup raised their price objective on FedEx from $327.00 to $401.00 and gave the company a “buy” rating in a research report on Thursday, February 5th. Finally, Stifel Nicolaus lifted their price target on FedEx from $425.00 to $442.00 in a research report on Friday, April 10th. Eighteen research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $398.04.

FedEx Stock Performance

FedEx stock opened at $376.63 on Wednesday. The company has a 50 day moving average price of $369.61 and a 200-day moving average price of $325.93. FedEx Corporation has a fifty-two week low of $214.35 and a fifty-two week high of $404.03. The company has a market capitalization of $89.87 billion, a PE ratio of 20.04, a P/E/G ratio of 1.44 and a beta of 1.29. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.44 and a current ratio of 1.47.

FedEx (NYSE:FDX) last issued its quarterly earnings data on Thursday, March 19th. The shipping service provider reported $5.25 EPS for the quarter, topping analysts’ consensus estimates of $4.12 by $1.13. The company had revenue of $24 billion during the quarter, compared to the consensus estimate of $23.44 billion. FedEx had a net margin of 4.88% and a return on equity of 16.76%. FedEx’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.51 earnings per share. As a group, equities analysts forecast that FedEx Corporation will post 19.72 earnings per share for the current year.

FedEx Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Monday, March 9th were paid a $1.45 dividend. The ex-dividend date of this dividend was Monday, March 9th. This represents a $5.80 dividend on an annualized basis and a yield of 1.5%. FedEx’s payout ratio is 30.87%.

Insiders Place Their Bets

In other news, Director Susan C. Schwab sold 5,795 shares of the company’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $369.00, for a total transaction of $2,138,355.00. Following the transaction, the director directly owned 10,038 shares of the company’s stock, valued at approximately $3,704,022. This represents a 36.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Kawal Preet sold 4,900 shares of the company’s stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $367.89, for a total value of $1,802,661.00. Following the transaction, the executive vice president directly owned 10,953 shares in the company, valued at approximately $4,029,499.17. The trade was a 30.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 48,104 shares of company stock valued at $17,599,006. Company insiders own 0.53% of the company’s stock.

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.