Illinois Municipal Retirement Fund Has $13.89 Million Stock Holdings in FedEx Corporation $FDX

Illinois Municipal Retirement Fund trimmed its position in shares of FedEx Corporation (NYSE:FDX) by 7.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 58,901 shares of the shipping service provider’s stock after selling 4,446 shares during the period. Illinois Municipal Retirement Fund’s holdings in FedEx were worth $13,889,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the company. Brighton Jones LLC boosted its stake in FedEx by 12.8% during the fourth quarter. Brighton Jones LLC now owns 1,825 shares of the shipping service provider’s stock worth $514,000 after buying an additional 207 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of FedEx by 78.9% during the 1st quarter. Empowered Funds LLC now owns 10,311 shares of the shipping service provider’s stock worth $2,514,000 after acquiring an additional 4,548 shares during the period. Sivia Capital Partners LLC acquired a new stake in shares of FedEx during the 2nd quarter valued at about $586,000. CWM LLC increased its stake in FedEx by 155.1% in the second quarter. CWM LLC now owns 23,726 shares of the shipping service provider’s stock valued at $5,393,000 after acquiring an additional 14,426 shares during the period. Finally, Vest Financial LLC raised its position in FedEx by 39.1% in the second quarter. Vest Financial LLC now owns 3,608 shares of the shipping service provider’s stock worth $820,000 after purchasing an additional 1,015 shares in the last quarter. Institutional investors own 84.47% of the company’s stock.

Trending Headlines about FedEx

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: Management laid out an explicit push into higher‑margin B2B and premium B2C segments, targeting $98B in revenue by 2029 and double‑digit operating profit growth through FY2029 — a strategic shift that supports higher margins and longer‑term EPS growth. FedEx Focuses on B2B Clients to Hit Revenue Goals
• Positive Sentiment: FedEx updated multi‑year guidance and raised its revenue outlook for FY2029 while issuing FY2026 revenue guidance above consensus, giving investors clearer visibility on growth and supporting valuation upside. FedEx Targets Higher Revenue in Fiscal 2029
• Positive Sentiment: Analysts lifted price targets and kept bullish ratings (Bank of America raised its PT to $414 and Wolfe Research to $394), reflecting confidence that the strategy and deal activity justify a higher multiple. BofA Raises FedEx Price Target
• Positive Sentiment: Bank of America and other analysts specifically cited FedEx’s planned InPost investment and European parcel automation/AI initiatives as ways to lower delivery costs and accelerate higher‑margin growth in Europe. FedEx price target raised by Bank of America on InPost deal
• Positive Sentiment: CEO Raj Subramaniam highlighted AI deployment and automation as growth/efficiency levers — messaging that reinforces the company’s digital‑led margin improvement story. FedEx CEO on how the company is optimizing AI
• Positive Sentiment: Coverage and commentary outlets (Barron’s, Yahoo Finance) are framing the long‑range targets as valuation‑supportive if execution holds, which can attract reflation into the stock. FedEx Has Big Goals That Deserve a Bigger Valuation
• Neutral Sentiment: Operational note for near‑term volumes: Presidents Day federal holiday timing affects market hours and some carrier delivery schedules — relevant for intraday/short‑term volume expectations but not a change to the company’s strategy. Is the stock market open on Presidents Day? Will USPS, FedEx and UPS make deliveries?
• Negative Sentiment: Not all commentary is constructive: at least one analysis suggests the current valuation already prices much of the express growth and that now may be late to buy, signaling some investor caution about near‑term upside absent clear execution. FedEx: A Bit Too Late To Buy Now Despite Its Express Growth

Analyst Ratings Changes

Several research firms have recently weighed in on FDX. Wells Fargo & Company upped their price objective on FedEx from $290.00 to $295.00 and gave the company an “equal weight” rating in a research note on Friday, December 19th. Argus upped their price target on FedEx from $250.00 to $350.00 and gave the company a “buy” rating in a research report on Wednesday, January 21st. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of FedEx in a research note on Tuesday, January 20th. UBS Group boosted their target price on shares of FedEx from $314.00 to $412.00 and gave the company a “buy” rating in a research note on Wednesday, February 4th. Finally, BMO Capital Markets increased their target price on shares of FedEx from $265.00 to $290.00 and gave the stock a “market perform” rating in a research report on Friday, December 19th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $324.26.

FedEx Stock Performance

FedEx stock opened at $368.70 on Friday. The stock has a 50-day simple moving average of $309.54 and a 200 day simple moving average of $265.09. The stock has a market capitalization of $86.69 billion, a price-to-earnings ratio of 20.33, a P/E/G ratio of 1.79 and a beta of 1.34. The company has a quick ratio of 1.23, a current ratio of 1.27 and a debt-to-equity ratio of 0.72. FedEx Corporation has a 12-month low of $194.29 and a 12-month high of $380.86.

FedEx (NYSE:FDX) last posted its quarterly earnings data on Thursday, December 18th. The shipping service provider reported $4.82 earnings per share for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $22.79 billion. During the same quarter last year, the company posted $4.05 EPS. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. FedEx has set its FY 2026 guidance at 17.800-19.000 EPS. On average, research analysts anticipate that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 6th. Shareholders of record on Monday, December 15th were given a $1.45 dividend. This represents a $5.80 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Monday, December 15th. FedEx’s dividend payout ratio (DPR) is presently 31.97%.

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.