State of New Jersey Common Pension Fund D Buys 1,526 Shares of FedEx Corporation $FDX

State of New Jersey Common Pension Fund D lifted its stake in shares of FedEx Corporation (NYSE:FDX) by 2.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 77,993 shares of the shipping service provider’s stock after buying an additional 1,526 shares during the period. State of New Jersey Common Pension Fund D’s holdings in FedEx were worth $18,392,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Brighton Jones LLC increased its holdings in FedEx by 12.8% in the 4th quarter. Brighton Jones LLC now owns 1,825 shares of the shipping service provider’s stock worth $514,000 after purchasing an additional 207 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of FedEx by 78.9% during the first quarter. Empowered Funds LLC now owns 10,311 shares of the shipping service provider’s stock worth $2,514,000 after purchasing an additional 4,548 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in shares of FedEx in the second quarter valued at approximately $586,000. Stratos Wealth Partners LTD. raised its holdings in FedEx by 5.7% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 9,436 shares of the shipping service provider’s stock valued at $2,145,000 after buying an additional 513 shares during the last quarter. Finally, Koshinski Asset Management Inc. boosted its position in FedEx by 5.5% during the 2nd quarter. Koshinski Asset Management Inc. now owns 1,758 shares of the shipping service provider’s stock worth $400,000 after buying an additional 92 shares during the period. Institutional investors and hedge funds own 84.47% of the company’s stock.

Wall Street Analyst Weigh In

FDX has been the subject of several recent research reports. Raymond James Financial upped their price target on shares of FedEx from $305.00 to $410.00 and gave the company an “outperform” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $479.00 price objective on shares of FedEx in a report on Friday. BMO Capital Markets lifted their target price on FedEx from $290.00 to $400.00 and gave the stock a “market perform” rating in a report on Friday. Truist Financial increased their price target on FedEx from $285.00 to $330.00 and gave the company a “buy” rating in a research note on Friday, December 19th. Finally, Jefferies Financial Group raised their price objective on FedEx from $326.00 to $425.00 and gave the stock a “buy” rating in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $355.50.

FedEx Stock Up 1.4%

Shares of NYSE:FDX opened at $374.61 on Tuesday. FedEx Corporation has a 1 year low of $194.29 and a 1 year high of $380.86. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.27 and a quick ratio of 1.23. The business’s 50-day moving average is $313.52 and its 200-day moving average is $267.59. The company has a market capitalization of $88.08 billion, a price-to-earnings ratio of 20.65, a P/E/G ratio of 1.81 and a beta of 1.33.

FedEx (NYSE:FDX) last issued its earnings results on Thursday, December 18th. The shipping service provider reported $4.82 earnings per share for the quarter, topping analysts’ consensus estimates of $4.02 by $0.80. The business had revenue of $23.47 billion during the quarter, compared to the consensus estimate of $22.79 billion. FedEx had a return on equity of 16.63% and a net margin of 4.81%.The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the previous year, the company posted $4.05 earnings per share. FedEx has set its FY 2026 guidance at 17.800-19.000 EPS. Equities research analysts predict that FedEx Corporation will post 19.14 earnings per share for the current year.

FedEx Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Monday, March 9th will be paid a dividend of $1.45 per share. The ex-dividend date of this dividend is Monday, March 9th. This represents a $5.80 annualized dividend and a yield of 1.5%. FedEx’s dividend payout ratio is currently 31.97%.

About FedEx

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.