Equitable Trust Co. Purchases 397 Shares of FedEx Corporation $FDX

Equitable Trust Co. grew its position in shares of FedEx Corporation (NYSE:FDX) by 4.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,358 shares of the shipping service provider’s stock after purchasing an additional 397 shares during the quarter. Equitable Trust Co.’s holdings in FedEx were worth $2,127,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of FDX. Brighton Jones LLC increased its position in shares of FedEx by 12.8% during the 4th quarter. Brighton Jones LLC now owns 1,825 shares of the shipping service provider’s stock valued at $514,000 after purchasing an additional 207 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in FedEx by 21.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 92,967 shares of the shipping service provider’s stock worth $22,664,000 after acquiring an additional 16,490 shares during the last quarter. Exchange Traded Concepts LLC grew its position in FedEx by 60.0% during the 1st quarter. Exchange Traded Concepts LLC now owns 576 shares of the shipping service provider’s stock worth $140,000 after acquiring an additional 216 shares during the last quarter. North Star Investment Management Corp. grew its position in FedEx by 9.7% during the 1st quarter. North Star Investment Management Corp. now owns 791 shares of the shipping service provider’s stock worth $193,000 after acquiring an additional 70 shares during the last quarter. Finally, Mission Wealth Management LP grew its position in FedEx by 2.0% during the 1st quarter. Mission Wealth Management LP now owns 4,200 shares of the shipping service provider’s stock worth $1,024,000 after acquiring an additional 83 shares during the last quarter. 84.47% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

FDX has been the topic of several recent research reports. Truist Financial set a $285.00 price target on FedEx in a research report on Tuesday. Wall Street Zen upgraded FedEx from a “hold” rating to a “buy” rating in a research report on Sunday. Cowen restated a “buy” rating on shares of FedEx in a research report on Wednesday, June 25th. Wells Fargo & Company raised their price target on FedEx from $235.00 to $250.00 and gave the stock an “equal weight” rating in a research report on Friday, September 19th. Finally, Stephens restated an “overweight” rating and set a $260.00 price target on shares of FedEx in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, FedEx currently has an average rating of “Moderate Buy” and a consensus price target of $271.83.

FedEx Trading Up 2.2%

NYSE FDX opened at $234.64 on Wednesday. FedEx Corporation has a fifty-two week low of $194.29 and a fifty-two week high of $308.53. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.21 and a current ratio of 1.25. The stock has a 50 day simple moving average of $231.26 and a two-hundred day simple moving average of $225.61. The stock has a market cap of $55.36 billion, a P/E ratio of 13.70, a price-to-earnings-growth ratio of 1.28 and a beta of 1.28.

FedEx (NYSE:FDX) last released 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 return on equity of 16.33% and a net margin of 4.65%.The business had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $21.74 billion. During the same quarter last year, the business posted $3.60 EPS. The business’s revenue was up 3.1% on a year-over-year basis. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. On average, analysts forecast that FedEx Corporation will post 19.14 earnings per share for the current year.

FedEx Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Monday, September 8th were paid a $1.45 dividend. This represents a $5.80 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Monday, September 8th. FedEx’s dividend payout ratio (DPR) is presently 33.86%.

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.