Illinois Municipal Retirement Fund Sells 2,346 Shares of FedEx Corporation $FDX

Posted by Geri Gentry on Jul 16th, 2026

Illinois Municipal Retirement Fund cut its holdings in FedEx Corporation (NYSE:FDX – Free Report) by 3.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 68,416 shares of the shipping service provider’s stock after selling 2,346 shares during the period. Illinois Municipal Retirement Fund’s holdings in FedEx were worth $24,368,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in FDX. Norges Bank acquired a new position in FedEx during the fourth quarter worth $859,085,000. Boston Partners acquired a new stake in FedEx in the 3rd quarter valued at $468,195,000. AQR Capital Management LLC increased its stake in FedEx by 169.2% in the 3rd quarter. AQR Capital Management LLC now owns 2,733,905 shares of the shipping service provider’s stock valued at $638,203,000 after buying an additional 1,718,278 shares during the last quarter. Waddell & Associates LLC lifted its position in FedEx by 164.0% during the 4th quarter. Waddell & Associates LLC now owns 1,188,140 shares of the shipping service provider’s stock worth $343,206,000 after buying an additional 738,122 shares in the last quarter. Finally, Two Sigma Investments LP lifted its position in FedEx by 3,211.5% during the 3rd quarter. Two Sigma Investments LP now owns 549,306 shares of the shipping service provider’s stock worth $129,532,000 after buying an additional 532,718 shares in the last quarter. Institutional investors own 84.47% of the company’s stock.

Insider Activity

In other news, Director Paul S. Walsh sold 5,042 shares of FedEx stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $324.56, for a total transaction of $1,636,431.52. Following the completion of the transaction, the director directly owned 16,359 shares in the company, valued at approximately $5,309,477.04. The trade was a 23.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.53% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on FDX. Zacks Research cut FedEx from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 18th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of FedEx in a report on Friday, June 26th. Raymond James Financial reduced their price target on FedEx from $415.00 to $330.00 and set an “outperform” rating for the company in a research report on Wednesday, June 24th. BMO Capital Markets restated a “market perform” rating on shares of FedEx in a research note on Wednesday, June 24th. Finally, Morgan Stanley boosted their price target on FedEx from $220.00 to $230.00 and gave the stock an “underweight” rating in a research report on Friday, March 20th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $350.54.

Get Our Latest Stock Report on FDX

FedEx Stock Down 0.0%

FedEx stock opened at $313.52 on Thursday. The firm has a market capitalization of $74.81 billion, a PE ratio of 16.94 and a beta of 1.29. The company’s 50-day moving average is $344.56 and its 200-day moving average is $349.32. FedEx Corporation has a fifty-two week low of $172.88 and a fifty-two week high of $345.36. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.48 and a quick ratio of 1.44.

FedEx (NYSE:FDX – Get Free Report) last issued its earnings results on Tuesday, June 23rd. The shipping service provider reported $6.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.91 by $0.40. FedEx had a net margin of 4.68% and a return on equity of 16.49%. The business had revenue of $25.01 billion during the quarter, compared to the consensus estimate of $24.04 billion. During the same period last year, the business posted $6.07 EPS. FedEx’s revenue was up 12.5% on a year-over-year basis. FedEx has set its FY 2027 guidance at 16.900-18.100 EPS.

FedEx Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Monday, June 22nd were paid a $1.22 dividend. The ex-dividend date was Monday, June 22nd. This represents a $4.88 annualized dividend and a yield of 1.6%. FedEx’s dividend payout ratio is currently 26.36%.

About FedEx

(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.