FedEx Corporation $FDX Stake Reduced by Private Trust Co. NA

Private Trust Co. NA cut its holdings in FedEx Corporation (NYSE:FDX) by 7.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,677 shares of the shipping service provider’s stock after selling 132 shares during the quarter. Private Trust Co. NA’s holdings in FedEx were worth $381,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of FDX. Valeo Financial Advisors LLC raised its holdings in FedEx by 28,080.9% during the 2nd quarter. Valeo Financial Advisors LLC now owns 3,743,557 shares of the shipping service provider’s stock worth $850,948,000 after buying an additional 3,730,273 shares during the period. Nuveen LLC purchased a new position in FedEx during the 1st quarter valued at about $314,650,000. ACR Alpine Capital Research LLC grew its stake in FedEx by 85.9% during the 1st quarter. ACR Alpine Capital Research LLC now owns 1,585,033 shares of the shipping service provider’s stock valued at $386,399,000 after acquiring an additional 732,266 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of FedEx by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 20,489,161 shares of the shipping service provider’s stock valued at $4,994,848,000 after buying an additional 289,655 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its stake in shares of FedEx by 302.6% in the 1st quarter. Canada Pension Plan Investment Board now owns 352,296 shares of the shipping service provider’s stock valued at $85,883,000 after buying an additional 264,792 shares in the last quarter. Institutional investors and hedge funds own 84.47% of the company’s stock.

Analyst Ratings Changes

FDX has been the subject of several analyst reports. UBS Group boosted their target price on FedEx from $293.00 to $314.00 and gave the stock a “buy” rating in a report on Friday, September 19th. BMO Capital Markets cut their price target on FedEx from $260.00 to $255.00 and set a “market perform” rating for the company in a report on Friday, September 19th. BNP Paribas Exane upgraded FedEx from an “underperform” rating to an “outperform” rating and set a $270.00 price target for the company in a report on Thursday, July 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of FedEx in a report on Wednesday, October 8th. Finally, Stifel Nicolaus cut their target price on FedEx from $308.00 to $296.00 and set a “buy” rating for the company in a research note on Wednesday, September 17th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, FedEx presently has an average rating of “Moderate Buy” and an average price target of $271.83.

FedEx Stock Up 0.7%

NYSE:FDX opened at $238.55 on Monday. The firm has a market capitalization of $56.29 billion, a price-to-earnings ratio of 13.93, a price-to-earnings-growth ratio of 1.33 and a beta of 1.28. FedEx Corporation has a twelve month low of $194.29 and a twelve month high of $308.53. The stock’s 50 day moving average price is $231.90 and its two-hundred day moving average price is $225.54. The company has a quick ratio of 1.21, a current ratio of 1.25 and a debt-to-equity ratio of 0.73.

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

FedEx Announces Dividend

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