New Hampshire Trust Decreases Stock Holdings in FedEx Corporation $FDX

New Hampshire Trust decreased its holdings in shares of FedEx Corporation (NYSE:FDX) by 27.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,307 shares of the shipping service provider’s stock after selling 487 shares during the quarter. New Hampshire Trust’s holdings in FedEx were worth $297,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of FDX. Valeo Financial Advisors LLC raised its stake in FedEx by 28,080.9% during the second quarter. Valeo Financial Advisors LLC now owns 3,743,557 shares of the shipping service provider’s stock valued at $850,948,000 after purchasing an additional 3,730,273 shares in the last quarter. Nuveen LLC purchased a new stake in shares of FedEx in the first quarter valued at $314,650,000. ACR Alpine Capital Research LLC raised its stake in shares of FedEx by 85.9% in the first quarter. ACR Alpine Capital Research LLC now owns 1,585,033 shares of the shipping service provider’s stock valued at $386,399,000 after acquiring an additional 732,266 shares during the period. Vanguard Group Inc. raised its stake in shares of FedEx by 1.4% in the first quarter. Vanguard Group Inc. now owns 20,489,161 shares of the shipping service provider’s stock valued at $4,994,848,000 after acquiring an additional 289,655 shares during the period. Finally, Canada Pension Plan Investment Board raised its stake in shares of FedEx by 302.6% in the first quarter. Canada Pension Plan Investment Board now owns 352,296 shares of the shipping service provider’s stock valued at $85,883,000 after acquiring an additional 264,792 shares during the period. Hedge funds and other institutional investors own 84.47% of the company’s stock.

FedEx Stock Performance

FDX opened at $241.24 on Friday. FedEx Corporation has a 12-month low of $194.29 and a 12-month high of $308.53. The company has a current ratio of 1.25, a quick ratio of 1.21 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $56.92 billion, a PE ratio of 14.08, a P/E/G ratio of 1.34 and a beta of 1.28. The firm has a 50 day moving average of $233.05 and a two-hundred day moving average of $226.69.

FedEx (NYSE:FDX) last posted its quarterly earnings results on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.71 by $0.12. FedEx had a net margin of 4.65% and a return on equity of 16.33%. The company had revenue of $22.20 billion during the quarter, compared to analyst estimates of $21.74 billion. During the same period last year, the firm posted $3.60 EPS. FedEx’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. On average, analysts anticipate that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Monday, September 8th were issued a dividend of $1.45 per share. This represents a $5.80 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Monday, September 8th. FedEx’s payout ratio is 33.86%.

Analyst Ratings Changes

FDX has been the topic of several recent analyst reports. Truist Financial set a $285.00 target price on shares of FedEx in a research note on Tuesday, October 14th. Bank of America raised their price target on shares of FedEx from $240.00 to $244.00 and gave the stock a “neutral” rating in a research note on Friday, September 19th. Evercore ISI reduced their price target on shares of FedEx from $243.00 to $239.00 in a research note on Friday, September 19th. Wells Fargo & Company raised their price target on shares of FedEx from $235.00 to $250.00 and gave the stock an “equal weight” rating in a research note on Friday, September 19th. Finally, The Goldman Sachs Group reduced their price target on shares of FedEx from $290.00 to $276.00 and set a “buy” rating on the stock in a research note on Friday, September 12th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $271.83.

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.