North Dakota State Investment Board Invests $2.12 Million in FedEx Corporation $FDX

Posted by Brian Himes on May 19th, 2026

North Dakota State Investment Board bought a new position in shares of FedEx Corporation (NYSE:FDX – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 7,347 shares of the shipping service provider’s stock, valued at approximately $2,122,000.

A number of other institutional investors have also made changes to their positions in FDX. Mirae Asset Global Investments Co. Ltd. raised its holdings 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 valued at $8,243,000 after acquiring an additional 3,514 shares in the last quarter. Savant Capital LLC raised its holdings in FedEx by 32.5% in the third quarter. Savant Capital LLC now owns 40,019 shares of the shipping service provider’s stock valued at $9,437,000 after acquiring an additional 9,806 shares in the last quarter. National Pension Service raised its holdings in FedEx by 3.9% in the third quarter. National Pension Service now owns 633,376 shares of the shipping service provider’s stock valued at $149,356,000 after acquiring an additional 23,563 shares in the last quarter. Diamond Hill Capital Management Inc. acquired a new stake in FedEx in the third quarter valued at $171,960,000. Finally, Applied Finance Capital Management LLC acquired a new stake in FedEx in the third quarter valued at $727,000. 84.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on FDX. Jefferies Financial Group upped their price target on shares of FedEx from $425.00 to $450.00 and gave the company a “buy” rating in a report on Tuesday, March 3rd. Raymond James Financial boosted their target price on shares of FedEx from $305.00 to $410.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. Sanford C. Bernstein boosted their target price on shares of FedEx from $457.00 to $470.00 and gave the company an “outperform” rating in a research note on Thursday, April 9th. TD Cowen boosted their target price on shares of FedEx from $383.00 to $426.00 and gave the company a “buy” rating in a research note on Friday, March 20th. Finally, Weiss Ratings upgraded shares of FedEx from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday. Eighteen equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, FedEx has a consensus rating of “Moderate Buy” and a consensus price target of $398.04.

Read Our Latest Stock Report on FedEx

FedEx Stock Down 1.6%

FDX stock opened at $369.68 on Tuesday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.47 and a quick ratio of 1.44. FedEx Corporation has a 1-year low of $214.35 and a 1-year high of $404.03. The firm has a fifty day moving average price of $368.98 and a two-hundred day moving average price of $329.58. The firm has a market cap of $88.21 billion, a price-to-earnings ratio of 19.67, a PEG ratio of 1.42 and a beta of 1.29.

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

Insider Activity

In other news, Director Susan C. Schwab sold 5,795 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $3,704,022. This represents a 36.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Tracy B. Brightman sold 16,959 shares of the company’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $363.47, for a total transaction of $6,164,087.73. Following the transaction, the executive vice president owned 11,052 shares of the company’s stock, valued at $4,017,070.44. This represents a 60.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 48,104 shares of company stock worth $17,599,006 over the last ninety days. Insiders own 0.53% of the company’s stock.

FedEx Profile

(Free Report)

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.