13,200 FedEx Corporation $FDX Shares Bought by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al boosted its holdings in FedEx Corporation (NYSE:FDX - Free Report) by 9.2% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 156,750 shares of the shipping service provider's stock after buying an additional 13,200 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al owned 0.07% of FedEx worth $44,688,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of FDX. Ferguson Wellman Capital Management Inc. grew its position in shares of FedEx by 3.2% during the first quarter. Ferguson Wellman Capital Management Inc. now owns 830 shares of the shipping service provider's stock worth $296,000 after purchasing an additional 26 shares in the last quarter. Whipplewood Advisors LLC raised its stake in FedEx by 9.9% during the 1st quarter. Whipplewood Advisors LLC now owns 333 shares of the shipping service provider's stock valued at $119,000 after purchasing an additional 30 shares during the period. Annis Gardner Whiting Capital Advisors LLC lifted its holdings in FedEx by 11.9% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 283 shares of the shipping service provider's stock worth $101,000 after purchasing an additional 30 shares in the last quarter. Avior Wealth Management LLC lifted its holdings in FedEx by 2.6% in the 2nd quarter. Avior Wealth Management LLC now owns 1,361 shares of the shipping service provider's stock worth $426,000 after purchasing an additional 34 shares in the last quarter. Finally, CLG LLC boosted its stake in FedEx by 3.8% in the 1st quarter. CLG LLC now owns 952 shares of the shipping service provider's stock worth $339,000 after purchasing an additional 35 shares during the period. 84.47% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on FDX. Stephens upgraded shares of FedEx to a "strong-buy" rating in a research report on Wednesday, July 8th. Citigroup restated a "cautious" rating on shares of FedEx in a research report on Wednesday, October 7th. Truist Financial cut their target price on shares of FedEx from $365.00 to $350.00 and set a "buy" rating for the company in a research note on Wednesday, October 7th. Raymond James Financial reiterated an "outperform" rating on shares of FedEx in a report on Thursday, October 15th. Finally, Weiss Ratings cut shares of FedEx from a "hold (c+)" rating to a "hold (c)" rating in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $365.84.

FedEx Stock Up 1.8%

NYSE FDX opened at $313.45 on Friday. The stock has a 50 day moving average price of $304.30 and a 200-day moving average price of $337.14. FedEx Corporation has a one year low of $198.00 and a one year high of $345.36. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.44 and a current ratio of 1.33. The company has a market capitalization of $73.41 billion, a P/E ratio of 19.28, a P/E/G ratio of 1.24 and a beta of 1.28.

FedEx (NYSE:FDX - Get Free Report) last released its quarterly earnings results on Wednesday, October 28th. The shipping service provider reported $3.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.34 by $0.40. FedEx had a net margin of 4.09% and a return on equity of 15.53%. The company had revenue of $22.93 billion for the quarter, compared to the consensus estimate of $22.73 billion. During the same quarter in the prior year, the firm earned $3.83 earnings per share. FedEx's revenue was up 12.3% on a year-over-year basis. As a group, equities analysts predict that FedEx Corporation will post 18.27 EPS for the current fiscal year.

FedEx Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Monday, September 14th were issued a $1.22 dividend. The ex-dividend date of this dividend was Monday, September 14th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 1.6%. FedEx's dividend payout ratio (DPR) is presently 30.01%.

Trending Headlines about FedEx

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: FedEx raised its fiscal 2026 guidance to adjusted EPS of $18.00–$18.60, above the $17.85 consensus estimate, and forecast revenue of approximately $98.4 billion versus expectations of $91.6 billion. FedEx raises 2026 earnings outlook as quarterly revenue jumps
• Positive Sentiment: Fiscal third-quarter adjusted EPS of $3.74 exceeded the $3.34 analyst consensus, while revenue reached about $22.9 billion, helped by higher package yields, volume growth and cost savings. Management also authorized roughly $2 billion in share repurchases during the quarter. FedEx Q3 earnings top estimates
• Positive Sentiment: Analyst sentiment improved: JPMorgan raised its price target to $400 while maintaining an overweight rating, and HSBC upgraded FedEx to Buy with a $370 target. Investors are also watching increased air-freight demand from data-center and other high-value customers. JPMorgan FedEx rating
• Neutral Sentiment: FedEx Freight reported improving adjusted revenue, operating income and margins in its first standalone results, and raised its outlook. However, continued soft shipment volumes mean future gains depend heavily on maintaining pricing discipline. FedEx Freight pricing outlook
• Negative Sentiment: Investors remain concerned about weaker GAAP operating margins, rising fuel and transportation costs, and a $1.2 billion loss tied to FedEx’s Freight investment. The holiday-quarter outlook was viewed as relatively soft, while domestic margin pressure and uncertain volumes could limit upside.
• Negative Sentiment: Executive Vice President Tracy Brightman sold 26,611 FedEx shares for approximately $8.4 million, reducing her holdings by about 68%. Insider sales do not necessarily indicate a change in fundamentals, but the transaction may temper sentiment at the margin. SEC insider transaction filing

Insider Buying and Selling

In related news, EVP Tracy Brightman sold 26,611 shares of FedEx stock in a transaction dated Friday, October 30th. The stock was sold at an average price of $316.68, for a total value of $8,427,171.48. Following the completion of the transaction, the executive vice president owned 12,245 shares in the company, valued at approximately $3,877,746.60. This trade represents a 68.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.65% of the company's stock.

FedEx Profile

FedEx Corporation NYSE: FDX is a global transportation, e-commerce and business services company headquartered in Memphis, Tennessee. Through its operating companies, FedEx provides time-definite express delivery, ground shipping, freight transportation, customs brokerage, logistics and supply chain services for businesses, governments and consumers.

The company's services include domestic and international package delivery, less-than-truckload freight transportation, warehousing, fulfillment, supply chain management and specialized logistics solutions.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.