Citizens National Bank Trust Department Sells 75 Shares of FedEx Corporation $FDX

Citizens National Bank Trust Department trimmed its holdings in FedEx Corporation (NYSE:FDX) by 0.7% in the 2nd quarter, Holdings Channel reports. The fund owned 10,805 shares of the shipping service provider’s stock after selling 75 shares during the quarter. Citizens National Bank Trust Department’s holdings in FedEx were worth $2,456,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of FDX. Golden State Wealth Management LLC lifted its stake in shares of FedEx by 21.1% in the first quarter. Golden State Wealth Management LLC now owns 362 shares of the shipping service provider’s stock valued at $88,000 after buying an additional 63 shares during the period. Sivia Capital Partners LLC acquired a new position in FedEx in the 2nd quarter valued at approximately $586,000. Sage Capital Advisors llc lifted its position in shares of FedEx by 136.5% in the 2nd quarter. Sage Capital Advisors llc now owns 34,697 shares of the shipping service provider’s stock worth $7,887,000 after acquiring an additional 20,024 shares during the period. Value Partners Investments Inc. grew its holdings in shares of FedEx by 26.4% during the 2nd quarter. Value Partners Investments Inc. now owns 181,454 shares of the shipping service provider’s stock worth $41,247,000 after purchasing an additional 37,950 shares in the last quarter. Finally, Xcel Wealth Management LLC acquired a new stake in shares of FedEx during the 2nd quarter worth approximately $1,200,000. Institutional investors own 84.47% of the company’s stock.

FedEx Trading Down 1.8%

Shares of FDX stock opened at $242.61 on Wednesday. The company has a market capitalization of $57.25 billion, a P/E ratio of 14.16, a P/E/G ratio of 1.37 and a beta of 1.28. FedEx Corporation has a 12-month low of $194.29 and a 12-month high of $308.53. The company has a quick ratio of 1.21, a current ratio of 1.25 and a debt-to-equity ratio of 0.73. The firm has a 50-day moving average price of $230.03 and a 200 day moving average price of $225.94.

FedEx (NYSE:FDX) last issued its quarterly earnings data on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share for the quarter, topping the consensus estimate of $3.71 by $0.12. FedEx had a net margin of 4.65% and a return on equity of 16.33%. The firm had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $21.74 billion. During the same period in the prior year, the firm earned $3.60 earnings per share. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. Research analysts forecast that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Monday, September 8th were given a $1.45 dividend. The ex-dividend date was Monday, September 8th. This represents a $5.80 annualized dividend and a yield of 2.4%. FedEx’s payout ratio is presently 33.86%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on FDX shares. HSBC raised their target price on FedEx from $230.00 to $235.00 in a research report on Friday, September 19th. Sanford C. Bernstein raised their price objective on shares of FedEx from $247.00 to $250.00 and gave the stock a “market perform” rating in a report on Monday, September 22nd. JPMorgan Chase & Co. decreased their target price on shares of FedEx from $285.00 to $284.00 and set an “overweight” rating on the stock in a research report on Friday, September 19th. Evercore ISI dropped their price target on shares of FedEx from $243.00 to $239.00 in a research report on Friday, September 19th. Finally, Cowen restated a “buy” rating on shares of FedEx in a research note on Wednesday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $271.67.

FedEx Company 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.