New York State Teachers Retirement System Sells 9,841 Shares of FedEx Corporation $FDX

New York State Teachers Retirement System lessened its position in shares of FedEx Corporation (NYSE:FDX) by 4.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 197,236 shares of the shipping service provider’s stock after selling 9,841 shares during the quarter. New York State Teachers Retirement System’s holdings in FedEx were worth $56,974,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of FDX. D.A. Davidson & CO. raised its position in FedEx by 10.6% in the third quarter. D.A. Davidson & CO. now owns 48,424 shares of the shipping service provider’s stock worth $11,419,000 after acquiring an additional 4,634 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in FedEx by 11.2% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 34,958 shares of the shipping service provider’s stock worth $8,243,000 after acquiring an additional 3,514 shares during the period. Savant Capital LLC raised its position in FedEx by 32.5% in the third 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 period. National Pension Service raised its position in FedEx by 3.9% in the third quarter. National Pension Service now owns 633,376 shares of the shipping service provider’s stock worth $149,356,000 after acquiring an additional 23,563 shares during the period. Finally, Diamond Hill Capital Management Inc. bought a new stake in FedEx in the third quarter worth about $171,960,000. 84.47% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting FedEx

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: UPS earnings/management tone seen as bullish for FedEx — UPS’ upbeat earnings call and commentary on demand/pricing has been read as a positive signal for the parcel/freight cycle that benefits FedEx’s volumes and pricing power. Why UPS’ earnings call was bullish for FedEx
• Positive Sentiment: Momentum and investor interest highlighted by analyst commentary — recent pieces (Zacks, coverage of the stock’s run) emphasize momentum metrics and analyst attention that can attract flows and support the rally. Here’s Why FedEx (FDX) is a Strong Momentum Stock
• Neutral Sentiment: Supreme Court tariff ruling removes legal uncertainty but triggers large customer refunds — FedEx (and UPS) say they will pass tariff reimbursements back to customers after the ruling. This removes regulatory/legal overhang but implies multi?billion dollar remittances that could pressure near?term cash/receipts; net long?term impact is mixed. FedEx, UPS pledge to refund customers after Supreme Court tariff decision
• Neutral Sentiment: Coverage and PR about FedEx initiatives and partnerships — corporate press (global operations updates, local franchise news, and VC fund participation where FedEx is a backer) keep the profile high but are unlikely to move the quarter?to?quarter earnings picture materially. Ridgeline Closes Oversubscribed Fund II
• Negative Sentiment: Valuation and “too late?” debate — coverage questioning whether FedEx’s strong run (large YTD and one?year gains) leaves limited upside could pressure risk?averse investors and prompt some profit?taking if forward expectations are deemed stretched. Is It Too Late To Consider FedEx (FDX) After Its Strong Share Price Run?

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Morgan Stanley lifted their price objective on shares of FedEx from $220.00 to $230.00 and gave the stock an “underweight” rating in a research report on Friday, March 20th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of FedEx in a research report on Thursday, April 9th. Barclays lifted their price objective on shares of FedEx from $360.00 to $450.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 10th. The Goldman Sachs Group lifted their price objective on shares of FedEx from $364.00 to $369.00 and gave the stock a “buy” rating in a research report on Friday, March 13th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $479.00 price objective on shares of FedEx in a research report on Friday, February 13th. Eighteen analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $398.04.

Insider Buying and Selling at FedEx

In related news, Director Susan C. Schwab sold 5,795 shares of the business’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $369.00, for a total transaction of $2,138,355.00. Following the completion of the transaction, the director owned 10,038 shares of the company’s stock, valued at approximately $3,704,022. The trade was a 36.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Gina F. Adams sold 20,450 shares of the business’s stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $366.45, for a total transaction of $7,493,902.50. Following the transaction, the executive vice president directly owned 19,403 shares of the company’s stock, valued at approximately $7,110,229.35. This represents a 51.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 48,104 shares of company stock worth $17,599,006. 0.53% of the stock is currently owned by company insiders.

FedEx Stock Performance

NYSE FDX opened at $403.53 on Friday. The company’s 50 day moving average is $370.95 and its 200-day moving average is $318.96. FedEx Corporation has a 12-month low of $207.84 and a 12-month high of $404.03. The company has a quick ratio of 1.44, a current ratio of 1.47 and a debt-to-equity ratio of 0.77. The firm has a market cap of $96.29 billion, a P/E ratio of 21.48, a price-to-earnings-growth ratio of 1.47 and a beta of 1.28.

FedEx (NYSE:FDX) last posted its quarterly earnings results on Thursday, March 19th. The shipping service provider reported $5.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.12 by $1.13. FedEx had a net margin of 4.88% and a return on equity of 16.76%. The company had revenue of $24 billion for the quarter, compared to analyst estimates of $23.44 billion. During the same quarter in the previous year, the firm posted $4.51 earnings per share. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. Sell-side analysts predict that FedEx Corporation will post 19.72 earnings per share for the current year.

FedEx Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Monday, March 9th were given a $1.45 dividend. The ex-dividend date of this dividend was Monday, March 9th. This represents a $5.80 annualized dividend and a dividend yield of 1.4%. FedEx’s payout ratio is 30.87%.

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.