First National Trust Co Cuts Position in FedEx Corporation $FDX

First National Trust Co lessened its position in shares of FedEx Corporation (NYSE:FDX) by 4.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,529 shares of the shipping service provider’s stock after selling 954 shares during the quarter. First National Trust Co’s holdings in FedEx were worth $4,666,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Abound Financial LLC purchased a new position in FedEx during the 1st quarter valued at approximately $38,000. WPG Advisers LLC purchased a new position in FedEx during the 1st quarter valued at approximately $43,000. Cary Street Partners Investment Advisory LLC grew its holdings in FedEx by 60.7% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 188 shares of the shipping service provider’s stock valued at $46,000 after buying an additional 71 shares in the last quarter. Motco boosted its holdings in shares of FedEx by 61.8% in the 1st quarter. Motco now owns 267 shares of the shipping service provider’s stock worth $65,000 after purchasing an additional 102 shares during the period. Finally, Rise Advisors LLC increased its position in shares of FedEx by 21.0% during the 1st quarter. Rise Advisors LLC now owns 340 shares of the shipping service provider’s stock valued at $83,000 after purchasing an additional 59 shares during the last quarter. Hedge funds and other institutional investors own 84.47% of the company’s stock.

Analysts Set New Price Targets

FDX has been the subject of a number of recent analyst reports. Sanford C. Bernstein boosted their price objective on FedEx from $247.00 to $250.00 and gave the company a “market perform” rating in a report on Monday, September 22nd. Vertical Research dropped their price objective on FedEx from $280.00 to $275.00 in a report on Friday, September 19th. Daiwa Capital Markets boosted their price objective on FedEx from $232.00 to $240.00 and gave the company a “neutral” rating in a report on Monday, September 22nd. Wells Fargo & Company boosted their price objective on FedEx from $235.00 to $250.00 and gave the company an “equal weight” rating in a report on Friday, September 19th. Finally, Stephens restated an “overweight” rating and set a $260.00 price objective on shares of FedEx in a report on Tuesday, October 14th. One investment 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 given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $271.83.

FedEx Trading Up 2.6%

FDX opened at $247.41 on Tuesday. The firm has a market cap of $58.38 billion, a price-to-earnings ratio of 14.44, a PEG ratio of 1.34 and a beta of 1.28. The company has a current ratio of 1.25, a quick ratio of 1.21 and a debt-to-equity ratio of 0.73. FedEx Corporation has a 12 month low of $194.29 and a 12 month high of $308.53. The stock has a fifty day moving average price of $233.44 and a 200-day moving average price of $226.96.

FedEx (NYSE:FDX) last released its quarterly earnings results on Thursday, September 18th. The shipping service provider reported $3.83 EPS for the quarter, topping the consensus estimate of $3.71 by $0.12. The firm had revenue of $22.20 billion during the quarter, compared to analyst estimates of $21.74 billion. FedEx had a return on equity of 16.33% and a net margin of 4.65%.The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. 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. As a group, equities research analysts anticipate that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Monday, September 8th were given a $1.45 dividend. This represents a $5.80 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Monday, September 8th. FedEx’s payout ratio 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.