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Strs Ohio Reduces Position in FedEx Corporation $FDX
Strs Ohio has reduced its stake in FedEx Corporation by 12.4% in the fourth quarter, selling 29,956 shares and now owning 211,067 shares worth $60,969,000. Other institutional investors have also adjusted their positions, with hedge funds collectively owning 84.47% of the company’s stock. Analysts have given FedEx an average “Moderate Buy” rating with an average price target of $398.04, despite recent insider stock sales and some negative market sentiment regarding tariff refunds and valuation.