3,772 Shares in FedEx Corporation $FDX Acquired by Midwest Trust Co

Midwest Trust Co bought a new position in shares of FedEx Corporation (NYSE:FDX) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 3,772 shares of the shipping service provider’s stock, valued at approximately $857,000.

Other large investors also recently bought and sold shares of the company. Brighton Jones LLC raised its position in 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 in the last quarter. OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in FedEx in the first quarter worth about $596,000. First Command Advisory Services Inc. grew its position in FedEx by 8.9% during the 1st quarter. First Command Advisory Services Inc. now owns 1,839 shares of the shipping service provider’s stock worth $448,000 after purchasing an additional 151 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its position in shares of FedEx by 4.9% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 2,028 shares of the shipping service provider’s stock valued at $494,000 after acquiring an additional 95 shares during the period. Finally, Schwarz Dygos Wheeler Investment Advisors LLC raised its stake in shares of FedEx by 1.3% in the first quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 3,873 shares of the shipping service provider’s stock worth $944,000 after purchasing an additional 51 shares during the last quarter. Institutional investors own 84.47% of the company’s stock.

FedEx Stock Performance

NYSE:FDX opened at $267.93 on Wednesday. The firm’s fifty day simple moving average is $238.89 and its 200-day simple moving average is $230.72. The company has a quick ratio of 1.21, a current ratio of 1.25 and a debt-to-equity ratio of 0.73. The stock has a market cap of $63.22 billion, a PE ratio of 15.64, a price-to-earnings-growth ratio of 1.42 and a beta of 1.31. FedEx Corporation has a fifty-two week low of $194.29 and a fifty-two week high of $308.53.

FedEx (NYSE:FDX) last released its quarterly earnings results on Thursday, September 18th. The shipping service provider reported $3.83 EPS for the quarter, beating the consensus estimate 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 in the prior year, the business earned $3.60 earnings per share. The company’s quarterly revenue was up 3.1% on a year-over-year basis. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. Analysts expect that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

FDX has been the subject of several recent research reports. Dbs Bank upgraded FedEx from a “hold” rating to a “moderate buy” rating in a research report on Thursday, August 21st. Daiwa Capital Markets raised their price target on shares of FedEx from $232.00 to $240.00 and gave the stock a “neutral” rating in a report on Monday, September 22nd. Susquehanna boosted their price objective on shares of FedEx from $285.00 to $300.00 and gave the company a “positive” rating in a report on Friday, September 19th. Stephens restated an “overweight” rating and set a $260.00 price target on shares of FedEx in a research note on Tuesday, October 14th. Finally, Truist Financial set a $285.00 price objective on shares of FedEx in a research note on Tuesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $273.08.

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.