FedEx Corporation $FDX Stake Trimmed by Citizens National Bank Trust Department

Citizens National Bank Trust Department lessened its stake in shares of FedEx Corporation (NYSE:FDX) by 0.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,805 shares of the shipping service provider’s stock after selling 75 shares during the period. Citizens National Bank Trust Department’s holdings in FedEx were worth $2,456,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Abound Financial LLC acquired a new position in FedEx in the 1st quarter worth approximately $38,000. WPG Advisers LLC purchased a new stake in shares of FedEx in the first quarter valued at $43,000. Cary Street Partners Investment Advisory LLC lifted its holdings in shares of FedEx by 60.7% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 188 shares of the shipping service provider’s stock valued at $46,000 after purchasing an additional 71 shares in the last quarter. Alpine Bank Wealth Management acquired a new stake in shares of FedEx in the first quarter worth $65,000. Finally, Motco grew its holdings in shares of FedEx by 61.8% during the first quarter. Motco now owns 267 shares of the shipping service provider’s stock valued at $65,000 after buying an additional 102 shares in the last quarter. 84.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

FDX has been the subject of several research analyst reports. Wolfe Research increased their price objective on FedEx from $244.00 to $254.00 and gave the stock an “outperform” rating in a research note on Friday, September 19th. UBS Group upped their target price on FedEx from $293.00 to $314.00 and gave the company a “buy” rating in a report on Friday, September 19th. HSBC raised their price target on shares of FedEx from $230.00 to $235.00 in a report on Friday, September 19th. Susquehanna boosted their price objective on shares of FedEx from $285.00 to $300.00 and gave the company a “positive” rating in a research report on Friday, September 19th. Finally, Vertical Research cut their target price on shares of FedEx from $280.00 to $275.00 in a research report on Friday, September 19th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $271.67.

FedEx Trading Down 1.8%

FedEx stock opened at $242.61 on Wednesday. FedEx Corporation has a one year low of $194.29 and a one year high of $308.53. The company’s fifty day moving average price is $230.03 and its two-hundred day moving average price is $225.94. 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 $57.25 billion, a price-to-earnings ratio of 14.16, a PEG ratio of 1.37 and a beta of 1.28.

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, topping the consensus estimate of $3.71 by $0.12. The company 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 revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.60 EPS. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. On average, analysts forecast that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Monday, September 8th were paid a $1.45 dividend. The ex-dividend date was Monday, September 8th. This represents a $5.80 dividend on an annualized basis and a yield of 2.4%. FedEx’s dividend payout ratio (DPR) 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.