Cim Investment Management Inc. Sells 2,775 Shares of FedEx Corporation $FDX

Cim Investment Management Inc. reduced its holdings in shares of FedEx Corporation (NYSE:FDX) by 50.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,706 shares of the shipping service provider’s stock after selling 2,775 shares during the quarter. Cim Investment Management Inc.’s holdings in FedEx were worth $638,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. New York State Teachers Retirement System grew its stake in shares of 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 worth $48,831,000 after buying an additional 4,734 shares during the last quarter. D.A. Davidson & CO. lifted its stake in shares of FedEx by 10.6% in 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 last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of FedEx by 11.2% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 34,958 shares of the shipping service provider’s stock valued at $8,243,000 after acquiring an additional 3,514 shares in the last quarter. Savant Capital LLC grew its position in FedEx by 32.5% during the 3rd quarter. Savant Capital LLC now owns 40,019 shares of the shipping service provider’s stock worth $9,437,000 after acquiring an additional 9,806 shares during the last quarter. Finally, Pacer Advisors Inc. increased its holdings in FedEx by 34.9% in the 3rd quarter. Pacer Advisors Inc. now owns 24,085 shares of the shipping service provider’s stock worth $5,679,000 after purchasing an additional 6,234 shares in the last quarter. 84.47% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Argus lifted their price target on FedEx from $250.00 to $350.00 and gave the company a “buy” rating in a research note on Wednesday, January 21st. Rothschild & Co Redburn raised their price objective on shares of FedEx from $317.00 to $371.00 and gave the company a “neutral” rating in a report on Tuesday, February 24th. Wall Street Zen downgraded shares of FedEx from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Zacks Research raised shares of FedEx from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 17th. Finally, Stifel Nicolaus set a $412.00 price target on shares of FedEx in a research report on Friday, February 13th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $371.19.

FedEx News Summary

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: Analysts have nudged FedEx higher: a recent published note raised the price target to $369 and the consensus broker rating sits at a “Moderate Buy,” which supports upside expectations into the print. FedEx (NYSE:FDX) Price Target Raised to $369.00
• Positive Sentiment: Street commentary highlights structural margin improvements from DRIVE cost cuts, AI-led efficiencies and January rate hikes — analysts are raising estimates heading into Q3, which supports the stock. FedEx to Report Q3 Earnings: Should You Buy, Sell or Hold the Stock?
• Positive Sentiment: Short-term macro tailwind: cooler oil prices have lifted U.S. futures, easing one major operating-cost concern for FedEx (fuel is a key volatile input). If oil remains softer into the quarter, margin pressure may be lessened. U.S. Stock Futures in Green on Cooler Oil Prices
• Neutral Sentiment: Operational/ESG product news: FedEx partnered with Returnity to pilot reusable B2B boxes — a longer-term efficiency/brand play but unlikely to move the stock near-term. FedEx partners with Returnity to introduce reusable boxes for B2B shipping
• Neutral Sentiment: Technical analysts are mixed: some charts call for a rebound toward the year-to-date high (~$391), which can attract momentum traders but is speculative ahead of the earnings print. FedEx Stock Price Analysis Ahead Of Earnings: Buy Or Sell?
• Negative Sentiment: Near-term headline risk: multiple outlets warn that rising oil tied to Middle East tensions could lift fuel costs and squeeze margins — this is the primary risk investors will watch at the Q3 release. All Eyes on Oil! FedEx (FDX) to Report Q3 Earnings amid Middle East Shipping Risks
• Negative Sentiment: Competitive pressure: reports show Amazon has become the largest U.S. parcel carrier by volume, eroding share from incumbents (FedEx/USPS/UPS) — a structural competitive headwind for pricing and growth. Amazon overtakes USPS as top delivery provider by volume: report
• Negative Sentiment: Retail investor skepticism: Reddit threads show rising bearishness around the planned freight spin-off, which could increase short interest and volatility into the split. FedEx Is Up ~22% This Year but Reddit Traders Are Betting Against the Freight Spin-Off

FedEx Stock Up 0.6%

Shares of NYSE FDX opened at $354.53 on Wednesday. The company’s 50 day moving average price is $348.53 and its 200-day moving average price is $289.06. 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 52-week low of $194.29 and a 52-week high of $392.86. The company has a market capitalization of $83.36 billion, a P/E ratio of 19.54, a price-to-earnings-growth ratio of 1.67 and a beta of 1.29.

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, topping the consensus estimate 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 for the quarter was up 6.8% compared to the same quarter last year. During the same period in the prior year, the company posted $4.05 earnings per share. FedEx has set its FY 2026 guidance at 17.800-19.000 EPS. Equities analysts forecast that FedEx Corporation will post 19.14 earnings per share for the current year.

FedEx Dividend Announcement

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