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

Illinois Municipal Retirement Fund grew its holdings in FedEx Corporation (NYSE:FDX) by 4.0% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 61,274 shares of the shipping service provider’s stock after acquiring an additional 2,376 shares during the period. Illinois Municipal Retirement Fund’s holdings in FedEx were worth $17,469,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. BlackRock Inc. acquired a new position in shares of FedEx during the 2nd quarter worth approximately $6,508,103,000. Primecap Management Co. CA bought a new stake in FedEx in the 2nd quarter valued at $2,554,138,000. Dimensional Fund Advisors LP lifted its holdings in FedEx by 2.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,630,669 shares of the shipping service provider’s stock valued at $936,688,000 after purchasing an additional 52,963 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in FedEx by 6.3% during the 1st quarter. Bank of New York Mellon Corp now owns 2,134,672 shares of the shipping service provider’s stock valued at $760,328,000 after purchasing an additional 125,950 shares during the last quarter. Finally, Bank of America Corp DE acquired a new stake in FedEx during the 2nd quarter valued at $579,171,000. 84.47% of the stock is currently owned by institutional investors.

FedEx Price Performance

Shares of NYSE FDX opened at $322.61 on Thursday. The firm has a market cap of $75.56 billion, a P/E ratio of 19.84, a price-to-earnings-growth ratio of 1.29 and a beta of 1.27. The company has a current ratio of 1.33, a quick ratio of 1.29 and a debt-to-equity ratio of 0.50. FedEx Corporation has a 1-year low of $207.83 and a 1-year high of $345.36. The business’s 50 day moving average is $302.45 and its 200-day moving average is $337.57.

FedEx (NYSE:FDX) last released its quarterly earnings results on Wednesday, October 28th. The shipping service provider reported $3.74 earnings per share for the quarter, topping the consensus estimate of $3.34 by $0.40. The business had revenue of $22.93 billion during 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 firm’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period last year, the firm posted $3.83 EPS. Equities research analysts predict that FedEx Corporation will post 18.29 earnings per share for the current year.

FedEx Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on FDX shares. Raymond James Financial set a $162.00 price objective on shares of FedEx in a research report on Tuesday, November 3rd. Citizens Jmp began coverage on shares of FedEx in a research report on Wednesday, July 15th. They issued a “market outperform” rating and a $375.00 price objective on the stock. Bank of America cut their target price on shares of FedEx from $378.00 to $359.00 and set a “buy” rating for the company in a research note on Tuesday, October 27th. BNP Paribas Exane raised their target price on shares of FedEx from $269.80 to $300.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 30th. Finally, Evercore lifted their target price on shares of FedEx from $350.00 to $351.00 in a report on Monday, September 28th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $359.16.

Insiders Place Their Bets

In other news, EVP Gina F. Adams sold 3,014 shares of the business’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $317.06, for a total value of $955,618.84. Following the completion of the sale, the executive vice president owned 9,656 shares of the company’s stock, valued at approximately $3,061,531.36. The trade was a 23.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Claude F. Russ sold 16,762 shares of the company’s stock in a transaction dated Tuesday, November 10th. The shares were sold at an average price of $316.11, for a total transaction of $5,298,635.82. Following the completion of the transaction, the chief financial officer owned 4,387 shares in the company, valued at $1,386,774.57. This trade represents a 79.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 46,387 shares of company stock worth $14,681,426 in the last 90 days. Company insiders own 0.65% of the company’s stock.

Key Headlines Impacting FedEx

Here are a few of the latest headlines 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?

About FedEx

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.