VIRGINIA RETIREMENT SYSTEMS ET Al Purchases Shares of 88,628 FedEx Corporation $FDX

Key Points

• The Virginia Retirement Systems purchased a new stake in FedEx Corporation, acquiring 88,628 shares valued at approximately $20.15 million during the second quarter.
• FedEx reported earnings of $3.83 per share for the quarter, exceeding estimates and indicating a 3.1% increase in revenue year-over-year.
• The company declared a quarterly dividend of $1.45 per share, amounting to an annualized dividend yield of 2.4%.

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in FedEx Corporation (NYSE:FDX - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 88,628 shares of the shipping service provider's stock, valued at approximately $20,146,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Valeo Financial Advisors LLC raised its position in shares of FedEx by 28,080.9% in the second quarter. Valeo Financial Advisors LLC now owns 3,743,557 shares of the shipping service provider's stock valued at $850,948,000 after buying an additional 3,730,273 shares during the last quarter. Nuveen LLC acquired a new position in shares of FedEx in the first quarter valued at approximately $314,650,000. ACR Alpine Capital Research LLC raised its position in shares of FedEx by 85.9% in the first quarter. ACR Alpine Capital Research LLC now owns 1,585,033 shares of the shipping service provider's stock valued at $386,399,000 after buying an additional 732,266 shares during the last quarter. Vanguard Group Inc. raised its position in shares of FedEx by 1.4% in the first quarter. Vanguard Group Inc. now owns 20,489,161 shares of the shipping service provider's stock valued at $4,994,848,000 after buying an additional 289,655 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its position in shares of FedEx by 302.6% in the first quarter. Canada Pension Plan Investment Board now owns 352,296 shares of the shipping service provider's stock valued at $85,883,000 after buying an additional 264,792 shares during the last quarter. Hedge funds and other institutional investors own 84.47% of the company's stock.

FedEx Stock Performance

Shares of FDX stock opened at $238.55 on Monday. FedEx Corporation has a one year low of $194.29 and a one year high of $308.53. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.21 and a current ratio of 1.25. The company has a 50 day moving average price of $231.90 and a 200 day moving average price of $225.54. The firm has a market capitalization of $56.29 billion, a price-to-earnings ratio of 13.93, a price-to-earnings-growth ratio of 1.33 and a beta of 1.28.

FedEx (NYSE:FDX - Get Free Report) last issued its quarterly earnings results on Thursday, September 18th. The shipping service provider reported $3.83 EPS for the quarter, topping the consensus estimate of $3.71 by $0.12. FedEx had a net margin of 4.65% and a return on equity of 16.33%. The firm had revenue of $22.20 billion during the quarter, compared to analyst estimates of $21.74 billion. During the same quarter in the prior year, the business posted $3.60 earnings per share. FedEx's revenue for the quarter was up 3.1% compared to the same quarter last year. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. Sell-side analysts anticipate that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Monday, September 8th were paid a $1.45 dividend. This represents a $5.80 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Monday, September 8th. FedEx's dividend payout ratio (DPR) is currently 33.86%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Raymond James Financial reissued an "outperform" rating and issued a $255.00 price objective on shares of FedEx in a research report on Thursday, September 18th. Wells Fargo & Company boosted their price objective on shares of FedEx from $235.00 to $250.00 and gave the company an "equal weight" rating in a research report on Friday, September 19th. Daiwa Capital Markets boosted their price objective on shares of FedEx from $232.00 to $240.00 and gave the company a "neutral" rating in a research report on Monday, September 22nd. Truist Financial set a $285.00 price objective on shares of FedEx in a research report on Tuesday, October 14th. Finally, UBS Group upped their price target on shares of FedEx from $293.00 to $314.00 and gave the stock a "buy" rating in a research report on Friday, September 19th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $271.83.

FedEx Profile

FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. It operates through FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services segments. The FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; and time-critical transportation services.

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