Louisiana State Employees Retirement System Takes $3.92 Million Position in FedEx Corporation $FDX

Louisiana State Employees Retirement System bought a new position in FedEx Corporation (NYSE:FDX) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 11,000 shares of the shipping service provider’s stock, valued at approximately $3,918,000.

Several other institutional investors have also recently bought and sold shares of the business. Fiduciary Alliance LLC boosted its stake in FedEx by 58.6% in the first quarter. Fiduciary Alliance LLC now owns 2,493 shares of the shipping service provider’s stock worth $910,000 after purchasing an additional 921 shares in the last quarter. Kestra Private Wealth Services LLC raised its holdings in shares of FedEx by 2.9% in the first quarter. Kestra Private Wealth Services LLC now owns 15,941 shares of the shipping service provider’s stock valued at $5,678,000 after buying an additional 448 shares during the last quarter. Ritholtz Wealth Management raised its holdings in shares of FedEx by 33.2% in the first quarter. Ritholtz Wealth Management now owns 8,104 shares of the shipping service provider’s stock valued at $2,886,000 after buying an additional 2,021 shares during the last quarter. Corundum Group Inc. lifted its position in FedEx by 24.4% during the 1st quarter. Corundum Group Inc. now owns 2,688 shares of the shipping service provider’s stock worth $957,000 after buying an additional 527 shares in the last quarter. Finally, MBM Wealth Consultants LLC lifted its position in FedEx by 3.1% during the 1st quarter. MBM Wealth Consultants LLC now owns 6,709 shares of the shipping service provider’s stock worth $2,389,000 after buying an additional 200 shares in the last quarter. Institutional investors own 84.47% of the company’s stock.

Key FedEx News

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: Bank of America said FedEx Freight’s pricing power is improving and reiterated a Buy rating while raising its price target to $187, signaling confidence that the LTL business can support better earnings growth. Article Title
• Positive Sentiment: FedEx Freight’s first post-spinoff earnings report showed revenue growth and beat revenue expectations, with analysts noting solid underlying growth trends and the potential for margin improvement later in the year. Article Title
• Positive Sentiment: FedEx also announced $4.15 billion in cash tender offers for outstanding notes, which could help optimize its capital structure and lower future interest expense. Article Title
• Neutral Sentiment: Some analysts highlighted that FedEx’s broader business still has strong underlying momentum, but recent stock weakness may reflect “near-term noise” rather than a change in the long-term thesis. Article Title
• Neutral Sentiment: FedEx Freight’s first standalone quarter also included large spinoff-related costs, which pressured operating income and created uncertainty around near-term profitability, even though management expects growth ahead. Article Title
• Negative Sentiment: FedEx shares fell after the Freight unit reported mixed results, including a steep decline in operating income and margin pressure from separation costs, weaker shipment volumes, and higher labor expenses. Article Title
• Negative Sentiment: Another note from analysts pointed to a margin drop and reduced price targets, reinforcing concerns that the market is still focused on near-term earnings pressure rather than the longer-term turnaround. Article Title

Insider Buying and Selling

In related news, EVP Gina F. Adams sold 20,450 shares of FedEx stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $366.45, for a total transaction of $7,493,902.50. Following the completion of the sale, the executive vice president directly owned 19,403 shares of the company’s stock, valued at $7,110,229.35. The trade was a 51.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Tracy B. Brightman sold 16,959 shares of the company’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $363.47, for a total value of $6,164,087.73. Following the completion of the sale, the executive vice president owned 11,052 shares of the company’s stock, valued at $4,017,070.44. This represents a 60.54% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 48,104 shares of company stock valued at $17,599,006 over the last 90 days. Company insiders own 0.53% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on FDX. Wells Fargo & Company lowered their price objective on shares of FedEx from $450.00 to $425.00 and set an “overweight” rating for the company in a research report on Wednesday, June 17th. Stephens reiterated an “overweight” rating and set a $435.00 target price on shares of FedEx in a research report on Tuesday, April 14th. Jefferies Financial Group started coverage on shares of FedEx in a report on Tuesday. They issued a “buy” rating and a $200.00 price target for the company. UBS Group reduced their price objective on FedEx from $445.00 to $350.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, Stifel Nicolaus decreased their price objective on FedEx from $442.00 to $326.00 and set a “buy” rating on the stock in a research report on Wednesday. Eighteen research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $349.60.

FedEx Stock Down 3.3%

Shares of NYSE FDX opened at $318.55 on Friday. FedEx Corporation has a 1 year low of $172.88 and a 1 year high of $345.36. The firm’s 50-day moving average is $363.74 and its 200-day moving average is $346.38. The company has a current ratio of 1.48, a quick ratio of 1.44 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $76.01 billion, a PE ratio of 17.21, a price-to-earnings-growth ratio of 1.35 and a beta of 1.28.

FedEx (NYSE:FDX) last posted its quarterly earnings results on Tuesday, June 23rd. The shipping service provider reported $6.31 earnings per share for the quarter, topping analysts’ consensus estimates of $5.91 by $0.40. FedEx had a net margin of 4.68% and a return on equity of 16.49%. The business had revenue of $25.01 billion during the quarter, compared to the consensus estimate of $24.04 billion. During the same period in the previous year, the firm posted $6.07 earnings per share. FedEx’s revenue for the quarter was up 12.5% compared to the same quarter last year. FedEx has set its FY 2027 guidance at 16.900-18.100 EPS. Equities analysts expect that FedEx Corporation will post 20.89 EPS for the current year.

FedEx Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Monday, June 22nd will be paid a $1.22 dividend. The ex-dividend date of this dividend is Monday, June 22nd. This represents a $4.88 dividend on an annualized basis and a dividend yield of 1.5%. FedEx’s dividend payout ratio is 26.36%.

FedEx 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.