First Citizens Bank & Trust Co. Sells 2,632 Shares of FedEx Corporation $FDX

First Citizens Bank & Trust Co. decreased its position in FedEx Corporation (NYSE:FDX) by 28.3% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 6,674 shares of the shipping service provider’s stock after selling 2,632 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in FedEx were worth $1,517,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in FDX. Abound Financial LLC bought a new stake in shares of FedEx in the 1st quarter worth $38,000. WPG Advisers LLC purchased a new position in shares of FedEx in the 1st quarter worth about $43,000. Cary Street Partners Investment Advisory LLC increased its holdings in FedEx by 60.7% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 188 shares of the shipping service provider’s stock worth $46,000 after buying an additional 71 shares in the last quarter. Alpine Bank Wealth Management bought a new stake in FedEx in the 1st quarter worth about $65,000. Finally, Motco increased its holdings in FedEx by 61.8% in the 1st quarter. Motco now owns 267 shares of the shipping service provider’s stock worth $65,000 after buying an additional 102 shares in the last quarter. Institutional investors own 84.47% of the company’s stock.

FedEx Trading Down 0.5%

FDX stock opened at $238.26 on Friday. FedEx Corporation has a 1-year low of $194.29 and a 1-year high of $308.53. 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 company has a market capitalization of $56.22 billion, a price-to-earnings ratio of 13.91, a PEG ratio of 1.34 and a beta of 1.28. The business has a 50 day simple moving average of $232.77 and a two-hundred day simple moving average of $226.19.

FedEx (NYSE:FDX) last posted its quarterly earnings results 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 the consensus estimate of $21.74 billion. During the same period in the prior year, the company posted $3.60 EPS. The firm’s revenue for the quarter 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 anticipate that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on FDX shares. Truist Financial set a $285.00 price target on FedEx in a research note on Tuesday, October 14th. Stifel Nicolaus cut their price target on FedEx from $308.00 to $296.00 and set a “buy” rating for the company in a research note on Wednesday, September 17th. HSBC boosted their price target on FedEx from $230.00 to $235.00 in a research note on Friday, September 19th. Wolfe Research boosted their price target on FedEx from $254.00 to $298.00 in a research note on Tuesday, October 7th. Finally, TD Cowen boosted their price objective on 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 issued a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, FedEx presently has an average rating of “Moderate Buy” and an average price target of $271.83.

About FedEx

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.