Trust Co. of Toledo NA OH Lowers Holdings in FedEx Corporation $FDX

Trust Co. of Toledo NA OH trimmed its holdings in FedEx Corporation (NYSE:FDX) by 42.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,423 shares of the shipping service provider’s stock after selling 1,059 shares during the quarter. Trust Co. of Toledo NA OH’s holdings in FedEx were worth $323,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in FDX. Golden State Wealth Management LLC grew its position in shares of FedEx by 21.1% during the 1st quarter. Golden State Wealth Management LLC now owns 362 shares of the shipping service provider’s stock valued at $88,000 after acquiring an additional 63 shares during the period. Sivia Capital Partners LLC acquired a new stake in shares of FedEx during the 2nd quarter valued at about $586,000. Sage Capital Advisors llc grew its position in shares of FedEx by 136.5% during the 2nd quarter. Sage Capital Advisors llc now owns 34,697 shares of the shipping service provider’s stock valued at $7,887,000 after acquiring an additional 20,024 shares during the period. Value Partners Investments Inc. grew its position 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 valued at $41,247,000 after acquiring an additional 37,950 shares during the period. Finally, Xcel Wealth Management LLC acquired a new stake in shares of FedEx during the 2nd quarter valued at about $1,200,000. 84.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Citigroup raised their target price on FedEx from $275.00 to $279.00 and gave the company a “buy” rating in a research report on Friday, September 19th. Cowen restated a “buy” rating on shares of FedEx in a research report on Wednesday, June 25th. BMO Capital Markets dropped their target price on FedEx from $260.00 to $255.00 and set a “market perform” rating on the stock in a research report on Friday, September 19th. The Goldman Sachs Group decreased their price target on shares of FedEx from $290.00 to $276.00 and set a “buy” rating on the stock in a research note on Friday, September 12th. Finally, TD Cowen raised their price target on shares of FedEx from $269.00 to $271.00 and gave the company a “buy” rating in a research note on Friday, September 19th. One 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 issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $271.25.

FedEx Trading Down 5.0%

Shares of FedEx stock opened at $225.14 on Friday. The company has a current ratio of 1.25, a quick ratio of 1.21 and a debt-to-equity ratio of 0.73. The firm’s 50-day moving average price is $230.78 and its 200 day moving average price is $225.76. FedEx Corporation has a twelve month low of $194.29 and a twelve month high of $308.53. The firm has a market capitalization of $53.12 billion, a PE ratio of 13.14, a P/E/G ratio of 1.25 and a beta of 1.28.

FedEx (NYSE:FDX) last released its earnings results on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share for the quarter, topping analysts’ consensus estimates of $3.71 by $0.12. FedEx had a net margin of 4.65% and a return on equity of 16.33%. The business had revenue of $22.20 billion for the quarter, compared to analyst estimates of $21.74 billion. During the same period last year, the company 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, sell-side analysts predict that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Monday, September 8th were issued a dividend of $1.45 per share. The ex-dividend date was Monday, September 8th. This represents a $5.80 dividend on an annualized basis and a dividend yield of 2.6%. FedEx’s dividend payout ratio (DPR) is currently 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.