Alberta Investment Management Corp significantly reduced its stake in FedEx Corporation by 93.4% in Q3, selling 35,600 shares but retaining 2,500 shares valued at $590,000. This comes as FedEx exceeded Q4 earnings expectations and provided strong FY2026 guidance, leading to positive analyst sentiment with several upgrades and raised price targets. The company also declared a $1.45 quarterly dividend, reflecting an annualized yield of approximately 1.5%.
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Alberta Investment Management Corp Has $590,000 Position in FedEx Corporation $FDX
Alberta Investment Management Corp significantly reduced its stake in FedEx Corporation by 93.4% in Q3, selling 35,600 shares but retaining 2,500 shares valued at $590,000. This comes as FedEx exceeded Q4 earnings expectations and provided strong FY2026 guidance, leading to positive analyst sentiment with several upgrades and raised price targets. The company also declared a $1.45 quarterly dividend, reflecting an annualized yield of approximately 1.5%.