Eastern Bank Has $172,000 Stock Holdings in FedEx Corporation $FDX

Eastern Bank lessened its holdings in shares of FedEx Corporation (NYSE:FDX) by 21.0% in the second quarter, Holdings Channel.com reports. The fund owned 756 shares of the shipping service provider’s stock after selling 201 shares during the quarter. Eastern Bank’s holdings in FedEx were worth $172,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. 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 worth $88,000 after buying an additional 63 shares during the period. Sivia Capital Partners LLC acquired a new position in FedEx during the second quarter valued at approximately $586,000. Sage Capital Advisors llc grew its holdings in FedEx by 136.5% during the second quarter. Sage Capital Advisors llc now owns 34,697 shares of the shipping service provider’s stock valued at $7,887,000 after purchasing an additional 20,024 shares during the period. Value Partners Investments Inc. grew its holdings in FedEx by 26.4% during the second quarter. Value Partners Investments Inc. now owns 181,454 shares of the shipping service provider’s stock valued at $41,247,000 after purchasing an additional 37,950 shares during the period. Finally, Xcel Wealth Management LLC acquired a new position in shares of FedEx in the 2nd quarter valued at $1,200,000. 84.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on FDX shares. TD Cowen boosted their price target on shares of FedEx from $269.00 to $271.00 and gave the company a “buy” rating in a report on Friday, September 19th. Bank of America upped their price target on shares of FedEx from $240.00 to $244.00 and gave the company a “neutral” rating in a report on Friday, September 19th. Stifel Nicolaus reduced their target price on shares of FedEx from $308.00 to $296.00 and set a “buy” rating for the company in a research note on Wednesday, September 17th. Sanford C. Bernstein upped their target price on shares of FedEx from $247.00 to $250.00 and gave the stock a “market perform” rating in a research note on Monday, September 22nd. Finally, Wall Street Zen raised FedEx from a “hold” rating to a “buy” rating in a research report on Sunday. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $273.08.

FedEx Trading Down 5.0%

NYSE FDX opened at $225.14 on Monday. The company has a market cap of $53.12 billion, a PE ratio of 13.14, a PEG ratio of 1.25 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 50 day moving average of $230.78 and a 200-day moving average of $225.64.

FedEx (NYSE:FDX) last announced its quarterly earnings results on Thursday, September 18th. The shipping service provider reported $3.83 EPS for the quarter, beating analysts’ consensus estimates of $3.71 by $0.12. The firm had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $21.74 billion. FedEx had a net margin of 4.65% and a return on equity of 16.33%. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter last year, the company posted $3.60 earnings per share. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. On average, equities research analysts anticipate that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Monday, September 8th. 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.