FedEx Corporation $FDX Shares Sold by Mesirow Financial Investment Management Inc.

Mesirow Financial Investment Management Inc. cut its holdings in FedEx Corporation (NYSE:FDX) by 1.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 131,430 shares of the shipping service provider’s stock after selling 2,489 shares during the period. Mesirow Financial Investment Management Inc. owned about 0.06% of FedEx worth $29,876,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of FDX. Valeo Financial Advisors LLC raised its stake in 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 in the last quarter. Nuveen LLC acquired a new stake in FedEx in the first quarter valued at $314,650,000. ACR Alpine Capital Research LLC increased 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 purchasing an additional 732,266 shares in the last quarter. Vanguard Group Inc. grew its position in shares of FedEx by 1.4% during 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 acquiring an additional 289,655 shares during the last quarter. Finally, Canada Pension Plan Investment Board grew its position in shares of FedEx by 302.6% during the first quarter. Canada Pension Plan Investment Board now owns 352,296 shares of the shipping service provider’s stock worth $85,883,000 after acquiring an additional 264,792 shares during the last quarter. 84.47% of the stock is currently owned by institutional investors and hedge funds.

FedEx Stock Down 0.3%

Shares of NYSE:FDX opened at $248.98 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.21 and a current ratio of 1.25. FedEx Corporation has a 1 year low of $194.29 and a 1 year high of $308.53. The stock has a market capitalization of $58.75 billion, a P/E ratio of 14.53, a PEG ratio of 1.39 and a beta of 1.28. The stock has a 50-day simple moving average of $234.71 and a 200-day simple moving average of $227.71.

FedEx (NYSE:FDX) last released its quarterly earnings data on Thursday, September 18th. The shipping service provider reported $3.83 EPS for the quarter, beating the consensus estimate of $3.71 by $0.12. FedEx had a return on equity of 16.33% and a net margin of 4.65%.The company had revenue of $22.20 billion for the quarter, compared to analyst estimates of $21.74 billion. During the same period last year, the company posted $3.60 earnings per share. The firm’s revenue was up 3.1% compared to the same quarter last year. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. Equities analysts forecast that FedEx Corporation will post 19.14 earnings per share for the current year.

FedEx Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Monday, September 8th were given a $1.45 dividend. This represents a $5.80 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Monday, September 8th. FedEx’s dividend payout ratio is presently 33.86%.

Analysts Set New Price Targets

Several brokerages recently issued reports on FDX. BNP Paribas Exane upgraded FedEx from an “underperform” rating to an “outperform” rating and set a $270.00 price target on the stock in a research report on Thursday, July 3rd. Truist Financial set a $285.00 target price on FedEx in a report on Tuesday, October 14th. Citigroup upped their price target on FedEx from $275.00 to $279.00 and gave the stock a “buy” rating in a report on Friday, September 19th. Vertical Research lowered their price target on FedEx from $280.00 to $275.00 in a report on Friday, September 19th. Finally, Susquehanna lifted their price objective on FedEx from $285.00 to $300.00 and gave the stock a “positive” rating in a research report on Friday, September 19th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $271.83.

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.