California Public Employees Retirement System Grows Stake in FedEx Corporation $FDX

California Public Employees Retirement System raised its position in shares of FedEx Corporation (NYSE:FDX) by 1.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 379,205 shares of the shipping service provider’s stock after purchasing an additional 4,390 shares during the period. California Public Employees Retirement System owned about 0.16% of FedEx worth $89,420,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in FDX. BHK Investment Advisors LLC grew its position in shares of FedEx by 1.4% during the 3rd quarter. BHK Investment Advisors LLC now owns 3,074 shares of the shipping service provider’s stock worth $725,000 after buying an additional 41 shares in the last quarter. Probity Advisors Inc. raised its holdings in shares of FedEx by 2.2% in the third quarter. Probity Advisors Inc. now owns 1,981 shares of the shipping service provider’s stock valued at $467,000 after acquiring an additional 43 shares in the last quarter. Quadrant Capital Group LLC lifted its stake in FedEx by 0.5% in the third quarter. Quadrant Capital Group LLC now owns 7,884 shares of the shipping service provider’s stock worth $1,859,000 after acquiring an additional 43 shares during the period. Joel Isaacson & Co. LLC lifted its stake in FedEx by 1.7% in the third quarter. Joel Isaacson & Co. LLC now owns 2,617 shares of the shipping service provider’s stock worth $617,000 after acquiring an additional 44 shares during the period. Finally, Triglav Investments D.O.O. grew its holdings in FedEx by 0.8% during the 3rd quarter. Triglav Investments D.O.O. now owns 5,704 shares of the shipping service provider’s stock worth $1,344,000 after acquiring an additional 44 shares in the last quarter. 84.47% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about FedEx

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: FedEx announced a partnership with Returnity to roll out reusable, FedEx‑specific B2B shipping containers that could lower packing costs and support sustainability goals — a potential long‑term margin tailwind. FedEx partners with Returnity to introduce reusable boxes for B2B shipping
• Positive Sentiment: Analysts have been lifting targets and the consensus rating sits around “Moderate Buy,” signaling broker optimism ahead of the quarter. FedEx Corporation (NYSE:FDX) Receives Consensus Recommendation of “Moderate Buy” from Analysts
• Positive Sentiment: Street research (Zacks/Yahoo) highlights rising Q3 estimates and expected margin support from DRIVE cost cuts, AI efficiencies and January rate hikes — factors likely propping up the stock into earnings. FedEx to Report Q3 Earnings: Should You Buy, Sell or Hold the Stock?
• Positive Sentiment: Technical analysts argue momentum could push FDX back toward year‑to‑date highs (~$391), which can attract momentum and swing traders ahead of the print. FedEx Stock Price Analysis Ahead Of Earnings: Buy Or Sell?
• Positive Sentiment: Broader market tailwinds — U.S. futures lifted by cooler oil prices — ease near‑term fuel‑cost pressure for carriers, supporting sentiment for transport names including FDX. U.S. Stock Futures in Green on Cooler Oil Prices
• Neutral Sentiment: Pre‑earnings previews dig into line‑item estimates beyond EPS/revenue, useful for investors modeling margins, volumes and capital allocation around the freight spin‑off. Countdown to FedEx (FDX) Q3 Earnings: A Look at Estimates Beyond Revenue and EPS
• Neutral Sentiment: Market previews emphasize oil and macro headlines as the main narratives for this earnings week — these can swing results interpretation but are external to FedEx’s core execution. ‘It’s all about oil’ as FedEx kicks off earnings this week
• Negative Sentiment: Competitive pressure: Amazon has surpassed the U.S. Postal Service as the largest U.S. parcel carrier, and independents are taking share — a structural headwind for FedEx’s volume and pricing power. Amazon overtakes US Postal Service as largest parcel carrier
• Negative Sentiment: Retail trader sentiment on Reddit has turned bearish around the planned freight spin‑off, which could increase short interest and create volatility into the separation date. FedEx Is Up ~22% This Year but Reddit Traders Are Betting Against the Freight Spin-Off
• Negative Sentiment: Oil and geopolitical risk remain material: recent commentary warns oil spikes and Middle East shipping risks could raise fuel and operating costs, pressuring margins if prices surge. All Eyes on Oil! FedEx (FDX) to Report Q3 Earnings amid Middle East Shipping Risks

FedEx Trading Up 0.2%

FedEx stock opened at $352.54 on Tuesday. 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 stock has a market cap of $82.89 billion, a PE ratio of 19.43, a price-to-earnings-growth ratio of 1.67 and a beta of 1.29. The stock has a 50-day moving average of $347.59 and a two-hundred day moving average of $288.19. FedEx Corporation has a one year low of $194.29 and a one year high of $392.86.

FedEx (NYSE:FDX) last issued its quarterly earnings results on Thursday, December 18th. The shipping service provider reported $4.82 earnings per share for the quarter, topping analysts’ consensus estimates of $4.02 by $0.80. FedEx had a return on equity of 16.63% and a net margin of 4.81%.The business had revenue of $23.47 billion for the quarter, compared to analyst estimates of $22.79 billion. During the same quarter in the previous year, the firm earned $4.05 earnings per share. The company’s revenue was up 6.8% on a year-over-year basis. 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 EPS for the current fiscal year.

FedEx Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Monday, March 9th will be given a dividend of $1.45 per share. This represents a $5.80 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Monday, March 9th. FedEx’s payout ratio is currently 31.97%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on FDX shares. Citigroup raised their target price on shares of FedEx from $327.00 to $401.00 and gave the company a “buy” rating in a research report on Thursday, February 5th. Argus increased their price objective on shares of FedEx from $250.00 to $350.00 and gave the company a “buy” rating in a research note on Wednesday, January 21st. Morgan Stanley lifted their price objective on shares of FedEx from $200.00 to $210.00 and gave the company an “underweight” rating in a report on Friday, December 19th. Rothschild & Co Redburn boosted their price objective on shares of FedEx from $317.00 to $371.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 24th. Finally, Barclays upped their target price on FedEx from $360.00 to $450.00 and gave the stock an “overweight” rating in a report on Tuesday, February 10th. Two analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, FedEx presently has a consensus rating of “Moderate Buy” and an average target price of $371.19.

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.