FedEx Corporation $FDX Shares Sold by North Dakota State Investment Board

Posted by Francis Steltz on Oct 30th, 2026

North Dakota State Investment Board trimmed its holdings in FedEx Corporation (NYSE:FDX – Free Report) by 33.7% in the third quarter, Holdings Channel.com reports. The institutional investor owned 6,706 shares of the shipping service provider’s stock after selling 3,415 shares during the quarter. North Dakota State Investment Board’s holdings in FedEx were worth $1,912,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Hollencrest Capital Management acquired a new position in FedEx during the first quarter worth about $25,000. Solstein Capital LLC acquired a new stake in FedEx in the 2nd quarter valued at about $27,000. Cedar Mountain Advisors LLC raised its holdings in FedEx by 77.4% in the 1st quarter. Cedar Mountain Advisors LLC now owns 94 shares of the shipping service provider’s stock valued at $33,000 after acquiring an additional 41 shares during the last quarter. C M Bidwell & Associates Ltd. purchased a new position in FedEx in the 2nd quarter worth approximately $31,000. Finally, Trifecta Capital Advisors LLC boosted its holdings in shares of FedEx by 3,233.3% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 100 shares of the shipping service provider’s stock worth $29,000 after purchasing an additional 97 shares during the last quarter. 84.47% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about FedEx

Here are the key news stories impacting FedEx this week:

Positive Sentiment: Results exceeded expectations: FedEx reported adjusted earnings of $3.74 per share versus the $3.34 consensus and revenue of approximately $22.9 billion, up about 12% year over year and ahead of estimates. Higher package yields, volume growth and cost savings supported profitability. FedEx beats expectations, raises outlook in first report since calendar adjustment
Positive Sentiment: 2026 guidance increased: Management raised its full-year outlook, including a roughly 12% revenue-growth expectation and adjusted EPS guidance of about $18.60. Premium shipping demand, network optimization and cost reductions are helping offset higher fuel and transportation expenses. FedEx forecasts annual profit above estimates
Positive Sentiment: Shareholder returns and growth opportunities: FedEx repurchased approximately $2 billion of stock during the quarter, with additional buyback capacity remaining. The company is also attracting parcel-focused customers to its air-freight services, including shipments tied to AI and data-center infrastructure. FedEx drawing parcel-focused shippers to its air freight services
Positive Sentiment: Analyst support strengthened: HSBC upgraded FDX to Buy with a $370 price target, while JPMorgan maintained an Overweight rating and lifted its target to $400, signaling substantial potential upside in analysts’ view. HSBC upgrades FedEx to Buy
Neutral Sentiment: Investors are comparing FedEx’s strong performance with United Parcel Service’s results, with both shipping companies beating quarterly estimates and raising outlooks. UPS vs. FedEx: Which Stock Is the Better Buy After Strong Q3 Results?
Negative Sentiment: Margin and earnings-quality risks remain: Rising transportation costs, domestic margin pressure and a softer holiday-quarter outlook could limit near-term upside. GAAP net income also fell sharply, partly because of a loss tied to FedEx Freight, even though adjusted earnings improved. FedEx’s soft holiday-quarter outlook

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Wall Street Zen upgraded FedEx to a “hold” rating in a research report on Saturday, August 8th. Sanford C. Bernstein set a $377.00 price objective on FedEx in a research report on Monday. Weiss Ratings downgraded FedEx from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, September 2nd. BNP Paribas Exane boosted their price objective on FedEx from $269.80 to $300.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 30th. Finally, JPMorgan Chase & Co. upped their target price on FedEx from $399.00 to $400.00 and gave the company an “overweight” rating in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, FedEx has an average rating of “Moderate Buy” and a consensus price target of $365.84.

Check Out Our Latest Stock Report on FedEx

FedEx Price Performance

Shares of FDX stock opened at $307.55 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.48 and a quick ratio of 1.44. The company has a market capitalization of $72.79 billion, a PE ratio of 18.91, a price-to-earnings-growth ratio of 1.23 and a beta of 1.28. The firm’s 50-day moving average is $304.55 and its two-hundred day moving average is $337.13. FedEx Corporation has a 12 month low of $198.00 and a 12 month high of $345.36.

FedEx (NYSE:FDX – Get Free Report) last posted its quarterly earnings results on Wednesday, October 28th. The shipping service provider reported $3.74 earnings per share for the quarter, beating the consensus estimate of $3.34 by $0.40. The business had revenue of $22.93 billion during the quarter, compared to analysts’ expectations of $22.73 billion. FedEx had a net margin of 4.09% and a return on equity of 16.15%. The business’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.83 EPS. Analysts predict that FedEx Corporation will post 18.27 earnings per share for the current year.

FedEx Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Monday, September 14th were given a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 1.6%. The ex-dividend date was Monday, September 14th. FedEx’s dividend payout ratio is presently 26.36%.

FedEx Profile

(Free Report)

FedEx Corporation (NYSE: FDX) is a global transportation, e-commerce and business services company headquartered in Memphis, Tennessee. Through its operating companies, FedEx provides time-definite express delivery, ground shipping, freight transportation, customs brokerage, logistics and supply chain services for businesses, governments and consumers.

The company’s services include domestic and international package delivery, less-than-truckload freight transportation, warehousing, fulfillment, supply chain management and specialized logistics solutions.