New York State Teachers Retirement System Purchases 4,734 Shares of FedEx Corporation $FDX

New York State Teachers Retirement System raised its holdings in FedEx Corporation (NYSE:FDX) by 2.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 207,077 shares of the shipping service provider’s stock after buying an additional 4,734 shares during the quarter. New York State Teachers Retirement System owned 0.09% of FedEx worth $48,831,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. NewSquare Capital LLC boosted its position in shares of FedEx by 121.8% during the 2nd quarter. NewSquare Capital LLC now owns 122 shares of the shipping service provider’s stock valued at $28,000 after acquiring an additional 67 shares in the last quarter. Twin Peaks Wealth Advisors LLC bought a new position in FedEx during the second quarter worth about $28,000. City Holding Co. lifted its stake in FedEx by 167.0% during the third quarter. City Holding Co. now owns 267 shares of the shipping service provider’s stock worth $63,000 after purchasing an additional 167 shares during the period. Steigerwald Gordon & Koch Inc. acquired a new stake in FedEx during the third quarter valued at approximately $84,000. Finally, Caldwell Trust Co bought a new stake in shares of FedEx in the 2nd quarter valued at approximately $91,000. Institutional investors and hedge funds own 84.47% of the company’s stock.

Wall Street Analyst Weigh In

FDX has been the subject of several analyst reports. Citigroup raised their target price on FedEx from $310.00 to $327.00 and gave the stock a “buy” rating in a research report on Friday, December 19th. Barclays increased their price objective on FedEx from $320.00 to $360.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 16th. Wall Street Zen raised FedEx from a “hold” rating to a “buy” rating in a report on Sunday, October 12th. Sanford C. Bernstein upped their target price on shares of FedEx from $250.00 to $306.00 and gave the stock a “market perform” rating in a report on Friday. Finally, Evercore ISI increased their target price on shares of FedEx from $275.00 to $288.00 in a research report on Friday, December 19th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $303.16.

FedEx Stock Performance

Shares of NYSE:FDX opened at $312.18 on Monday. The business has a fifty day moving average of $279.08 and a 200-day moving average of $249.32. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.23 and a current ratio of 1.27. FedEx Corporation has a twelve month low of $194.29 and a twelve month high of $318.83. The firm has a market cap of $73.40 billion, a PE ratio of 17.21, a price-to-earnings-growth ratio of 1.56 and a beta of 1.35.

FedEx (NYSE:FDX) last issued its quarterly earnings data on Thursday, December 18th. The shipping service provider reported $4.82 EPS for the quarter, topping analysts’ consensus estimates of $4.02 by $0.80. The firm had revenue of $23.47 billion for the quarter, compared to analyst estimates of $22.79 billion. FedEx had a net margin of 4.81% and a return on equity of 16.63%. During the same quarter in the prior year, the firm earned $4.05 EPS. 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, equities research analysts predict that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 6th. Investors of record on Monday, December 15th were issued a $1.45 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $5.80 dividend on an annualized basis and a dividend yield of 1.9%. FedEx’s dividend payout ratio (DPR) is currently 31.97%.

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.