Maryland State Retirement & Pension System Purchases 204 Shares of FedEx Corporation $FDX

Maryland State Retirement & Pension System grew its position in FedEx Corporation (NYSE:FDX) by 2.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,580 shares of the shipping service provider’s stock after purchasing an additional 204 shares during the quarter. Maryland State Retirement & Pension System’s holdings in FedEx were worth $2,405,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted 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 worth $4,994,848,000 after purchasing an additional 289,655 shares during the period. Valeo Financial Advisors LLC boosted 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 worth $850,948,000 after purchasing an additional 3,730,273 shares during the period. Invesco Ltd. boosted its position in shares of FedEx by 1.4% during the first quarter. Invesco Ltd. now owns 3,264,993 shares of the shipping service provider’s stock worth $795,940,000 after acquiring an additional 43,989 shares during the last quarter. Hotchkis & Wiley Capital Management LLC boosted its position in shares of FedEx by 7.1% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 2,030,687 shares of the shipping service provider’s stock worth $495,041,000 after acquiring an additional 135,290 shares during the last quarter. Finally, ACR Alpine Capital Research LLC boosted its position in shares of FedEx by 85.9% during the first quarter. ACR Alpine Capital Research LLC now owns 1,585,033 shares of the shipping service provider’s stock worth $386,399,000 after acquiring an additional 732,266 shares during the last quarter. 84.47% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on FDX shares. BNP Paribas Exane upgraded shares of FedEx from an “underperform” rating to an “outperform” rating and set a $270.00 target price for the company in a research report on Thursday, July 3rd. HSBC upped their target price on shares of FedEx from $230.00 to $235.00 in a research report on Friday, September 19th. Wall Street Zen lowered shares of FedEx from a “buy” rating to a “hold” rating in a research report on Saturday, October 4th. Sanford C. Bernstein upped their target price on shares of FedEx from $247.00 to $250.00 and gave the stock a “market perform” rating in a research report on Monday, September 22nd. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $274.00 target price (down previously from $284.00) on shares of FedEx in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $271.25.

FedEx Price Performance

FDX stock opened at $225.14 on Friday. FedEx Corporation has a 52 week low of $194.29 and a 52 week high of $308.53. The company has a quick ratio of 1.21, a current ratio of 1.25 and a debt-to-equity ratio of 0.73. The company has a fifty day simple moving average of $230.78 and a two-hundred day simple moving average of $225.89. The firm has a market capitalization of $53.12 billion, a P/E ratio of 13.14, a price-to-earnings-growth ratio of 1.32 and a beta of 1.28.

FedEx (NYSE:FDX) last announced its earnings results on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share for the quarter, beating 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 business had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $21.74 billion. During the same quarter in the prior year, the firm posted $3.60 earnings per share. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. Analysts anticipate that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The company 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. The ex-dividend date of this dividend was Monday, September 8th. This represents a $5.80 annualized dividend and a dividend yield of 2.6%. FedEx’s dividend payout ratio is currently 33.86%.

About FedEx

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.