Montecito Bank & Trust Makes New Investment in FedEx Corporation $FDX

Montecito Bank & Trust acquired a new stake in FedEx Corporation (NYSE:FDX) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 4,391 shares of the shipping service provider’s stock, valued at approximately $1,035,000.

Several other institutional investors have also modified their holdings of FDX. NewSquare Capital LLC increased its holdings in FedEx by 121.8% in the second quarter. NewSquare Capital LLC now owns 122 shares of the shipping service provider’s stock valued at $28,000 after buying an additional 67 shares during the last quarter. Twin Peaks Wealth Advisors LLC acquired a new position in shares of FedEx during the 2nd quarter worth about $28,000. WPG Advisers LLC purchased a new position in shares of FedEx in the 1st quarter valued at about $43,000. Rise Advisors LLC increased its holdings in shares of FedEx by 21.0% in the 1st quarter. Rise Advisors LLC now owns 340 shares of the shipping service provider’s stock valued at $83,000 after acquiring an additional 59 shares during the last quarter. Finally, Caldwell Trust Co acquired a new stake in shares of FedEx during the 2nd quarter worth about $91,000. 84.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on FDX shares. Wolfe Research increased their price target on shares of FedEx from $298.00 to $322.00 and gave the company an “outperform” rating in a research note on Monday, December 8th. UBS Group upped their target price on shares of FedEx from $293.00 to $314.00 and gave the company a “buy” rating in a report on Friday, September 19th. Stephens reiterated an “overweight” rating and set a $260.00 price target on shares of FedEx in a research note on Tuesday, October 14th. Raymond James Financial reissued an “outperform” rating and issued a $255.00 price target on shares of FedEx in a research report on Thursday, September 18th. Finally, Stifel Nicolaus upped their price objective on shares of FedEx from $297.00 to $305.00 and gave the company a “buy” rating in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $285.67.

FedEx Stock Up 1.9%

Shares of NYSE:FDX opened at $287.62 on Friday. FedEx Corporation has a 1-year low of $194.29 and a 1-year high of $295.24. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.25 and a quick ratio of 1.21. The stock has a market cap of $67.87 billion, a P/E ratio of 16.79, a P/E/G ratio of 1.46 and a beta of 1.32. The firm has a fifty day moving average price of $261.06 and a 200 day moving average price of $240.75.

FedEx (NYSE:FDX) last posted its quarterly earnings data on Thursday, December 18th. The shipping service provider reported $4.82 EPS for the quarter, beating analysts’ consensus estimates of $4.02 by $0.80. FedEx had a net margin of 4.65% and a return on equity of 16.33%. The company had revenue of $23.47 billion for the quarter, compared to analyst estimates of $22.79 billion. During the same period in the previous year, the business posted $4.05 earnings per share. FedEx’s quarterly revenue was up 6.8% on a year-over-year basis. FedEx has set its FY 2026 guidance at 17.800-19.000 EPS. Sell-side analysts predict that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Monday, December 15th will be paid a $1.45 dividend. This represents a $5.80 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Monday, December 15th. FedEx’s dividend payout ratio (DPR) is 33.86%.

FedEx Profile

FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. It operates through FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services segments. The FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; and time-critical transportation services.