North Dakota State Investment Board Sells 3,415 Shares of FedEx Corporation $FDX

Key Points

• North Dakota State Investment Board cut its FedEx stake by 33.7% in the third quarter, selling 3,415 shares and retaining 6,706 shares valued at approximately $1.91 million.
• FedEx reported quarterly EPS of $3.74, beating estimates of $3.34, while revenue rose 12.3% year over year to $22.93 billion. The company also pays a quarterly dividend of $1.22, equivalent to a 1.6% yield.
• Analysts maintain a generally positive view, with the stock carrying a consensus “Moderate Buy” rating and an average price target of $365.84, despite concerns about margin pressure and rising transportation costs.

North Dakota State Investment Board decreased its position in FedEx Corporation (NYSE:FDX - Free Report) by 33.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,706 shares of the shipping service provider's stock after selling 3,415 shares during the period. North Dakota State Investment Board's holdings in FedEx were worth $1,912,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hollencrest Capital Management purchased a new stake in shares of FedEx during the 1st quarter worth about $25,000. Solstein Capital LLC acquired a new stake in shares of FedEx during the 2nd quarter valued at about $27,000. Trifecta Capital Advisors LLC increased its stake in shares of FedEx by 3,233.3% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 100 shares of the shipping service provider's stock valued at $29,000 after purchasing an additional 97 shares in the last quarter. C M Bidwell & Associates Ltd. purchased a new position in shares of FedEx in the 2nd quarter valued at about $31,000. Finally, Cedar Mountain Advisors LLC raised its holdings in FedEx by 77.4% in the 1st quarter. Cedar Mountain Advisors LLC now owns 94 shares of the shipping service provider's stock worth $33,000 after purchasing an additional 41 shares during the period. Hedge funds and other institutional investors own 84.47% of the company's stock.

FedEx Stock Up 1.0%

FDX opened at $307.55 on Friday. The company has a market cap of $72.79 billion, a PE ratio of 18.91, a price-to-earnings-growth ratio of 1.23 and a beta of 1.28. FedEx Corporation has a twelve month low of $198.00 and a twelve month high of $345.36. The company has a 50-day moving average price of $304.55 and a 200 day moving average price of $337.13. The company has a quick ratio of 1.44, a current ratio of 1.48 and a debt-to-equity ratio of 0.74.

FedEx (NYSE:FDX - Get Free Report) last posted its quarterly earnings data on Wednesday, October 28th. The shipping service provider reported $3.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.34 by $0.40. FedEx had a return on equity of 16.15% and a net margin of 4.09%. The company had revenue of $22.93 billion for the quarter, compared to analysts' expectations of $22.73 billion. During the same period in the previous year, the firm posted $3.83 EPS. FedEx's revenue was up 12.3% compared to the same quarter last year. Sell-side analysts expect that FedEx Corporation will post 18.27 earnings per share for the current fiscal year.

FedEx Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Monday, September 14th were given a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Monday, September 14th. FedEx's dividend payout ratio (DPR) is 26.36%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Wall Street Zen upgraded FedEx to a "hold" rating in a research report on Saturday, August 8th. Citizens Jmp started coverage on FedEx in a research report on Wednesday, July 15th. They issued a "market outperform" rating and a $375.00 price objective for the company. Stephens upgraded FedEx to a "strong-buy" rating in a research report on Wednesday, July 8th. BNP Paribas Exane upped their target price on FedEx from $269.80 to $300.00 and gave the stock a "neutral" rating in a research note on Wednesday, September 30th. Finally, Weiss Ratings lowered FedEx from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $365.84.

Key Headlines Impacting FedEx

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: Results exceeded expectations: FedEx reported adjusted earnings of $3.74 per share versus the $3.34 consensus and revenue of approximately $22.9 billion, up about 12% year over year and ahead of estimates. Higher package yields, volume growth and cost savings supported profitability. FedEx beats expectations, raises outlook in first report since calendar adjustment
• Positive Sentiment: 2026 guidance increased: Management raised its full-year outlook, including a roughly 12% revenue-growth expectation and adjusted EPS guidance of about $18.60. Premium shipping demand, network optimization and cost reductions are helping offset higher fuel and transportation expenses. FedEx forecasts annual profit above estimates
• Positive Sentiment: Shareholder returns and growth opportunities: FedEx repurchased approximately $2 billion of stock during the quarter, with additional buyback capacity remaining. The company is also attracting parcel-focused customers to its air-freight services, including shipments tied to AI and data-center infrastructure. FedEx drawing parcel-focused shippers to its air freight services
• Positive Sentiment: Analyst support strengthened: HSBC upgraded FDX to Buy with a $370 price target, while JPMorgan maintained an Overweight rating and lifted its target to $400, signaling substantial potential upside in analysts’ view. HSBC upgrades FedEx to Buy
• Neutral Sentiment: Investors are comparing FedEx’s strong performance with United Parcel Service’s results, with both shipping companies beating quarterly estimates and raising outlooks. UPS vs. FedEx: Which Stock Is the Better Buy After Strong Q3 Results?
• Negative Sentiment: Margin and earnings-quality risks remain: Rising transportation costs, domestic margin pressure and a softer holiday-quarter outlook could limit near-term upside. GAAP net income also fell sharply, partly because of a loss tied to FedEx Freight, even though adjusted earnings improved. FedEx's soft holiday-quarter outlook

FedEx Company 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.

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