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flag FedEx beat earnings expectations, announced a $1.38 dividend, as institutional investors raised stakes.

flag Hedge fund BHK Investment Advisors and other institutional investors increased their stakes in FedEx, with some raising price targets and others downgrading ratings. flag FedEx surpassed earnings expectations, reporting $4.05 per share, and announced a quarterly dividend of $1.38. flag The company's market cap is $60.92 billion, with a P/E ratio of 16.12 and a dividend yield of 2.18%.

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