National Pension Service Increases Holdings in FedEx Corporation $FDX

National Pension Service increased its stake in shares of FedEx Corporation (NYSE:FDX) by 3.9% during the third quarter, HoldingsChannel.com reports. The firm owned 633,376 shares of the shipping service provider’s stock after buying an additional 23,563 shares during the period. National Pension Service’s holdings in FedEx were worth $149,356,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in FDX. New York State Teachers Retirement System boosted its position in FedEx by 2.3% during the third quarter. New York State Teachers Retirement System now owns 207,077 shares of the shipping service provider’s stock valued at $48,831,000 after buying an additional 4,734 shares during the period. D.A. Davidson & CO. boosted its holdings in FedEx by 10.6% during the 3rd quarter. D.A. Davidson & CO. now owns 48,424 shares of the shipping service provider’s stock valued at $11,419,000 after acquiring an additional 4,634 shares during the period. Pacer Advisors Inc. grew its position in FedEx by 34.9% during the 3rd quarter. Pacer Advisors Inc. now owns 24,085 shares of the shipping service provider’s stock worth $5,679,000 after acquiring an additional 6,234 shares during the last quarter. CWM LLC increased its stake in FedEx by 244.4% in the 3rd quarter. CWM LLC now owns 81,709 shares of the shipping service provider’s stock worth $19,268,000 after purchasing an additional 57,983 shares during the period. Finally, Oppenheimer Asset Management Inc. lifted its position in FedEx by 24.3% in the second quarter. Oppenheimer Asset Management Inc. now owns 262,121 shares of the shipping service provider’s stock valued at $59,583,000 after purchasing an additional 51,294 shares during the last quarter. Hedge funds and other institutional investors own 84.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on FDX. The Goldman Sachs Group lifted their target price on shares of FedEx from $301.00 to $317.00 and gave the stock a “buy” rating in a research note on Friday, December 19th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of FedEx in a research note on Tuesday, January 20th. Oppenheimer reaffirmed a “market perform” rating on shares of FedEx in a research report on Friday, December 19th. Rothschild & Co Redburn lowered FedEx from a “buy” rating to a “neutral” rating and set a $271.00 price objective on the stock. in a research report on Wednesday, January 21st. Finally, Wells Fargo & Company upped their target price on FedEx from $290.00 to $295.00 and gave the company an “equal weight” rating in a report on Friday, December 19th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, fourteen have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $303.86.

FedEx Stock Performance

Shares of FDX stock opened at $322.26 on Friday. The company has a current ratio of 1.27, a quick ratio of 1.23 and a debt-to-equity ratio of 0.72. The company’s fifty day moving average price is $293.61 and its 200-day moving average price is $257.19. The stock has a market cap of $75.77 billion, a PE ratio of 17.77, a price-to-earnings-growth ratio of 1.61 and a beta of 1.35. FedEx Corporation has a 12 month low of $194.29 and a 12 month high of $322.75.

FedEx (NYSE:FDX) last issued its quarterly earnings results on Thursday, December 18th. The shipping service provider reported $4.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.02 by $0.80. The company had revenue of $23.47 billion during the quarter, compared to analysts’ expectations of $22.79 billion. FedEx had a net margin of 4.81% and a return on equity of 16.63%. FedEx’s revenue was up 6.8% on a year-over-year basis. During the same period last year, the company posted $4.05 EPS. FedEx has set its FY 2026 guidance at 17.800-19.000 EPS. On average, equities analysts expect that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 6th. Investors of record on Monday, December 15th were paid a $1.45 dividend. The ex-dividend date was Monday, December 15th. This represents a $5.80 dividend on an annualized basis and a yield of 1.8%. FedEx’s payout ratio 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.