Midwest Trust Co Buys New Position in FedEx Corporation $FDX

Midwest Trust Co bought a new stake in shares of FedEx Corporation (NYSE:FDX) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,772 shares of the shipping service provider’s stock, valued at approximately $857,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased 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 worth $4,994,848,000 after acquiring an additional 289,655 shares during the last quarter. Valeo Financial Advisors LLC raised its position in shares of FedEx by 28,080.9% in 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 during the period. Invesco Ltd. lifted its position in FedEx by 1.4% during the 1st quarter. Invesco Ltd. now owns 3,264,993 shares of the shipping service provider’s stock worth $795,940,000 after acquiring an additional 43,989 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its position in FedEx by 7.1% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 2,030,687 shares of the shipping service provider’s stock worth $495,041,000 after buying an additional 135,290 shares during the period. Finally, ACR Alpine Capital Research LLC raised its stake in FedEx by 0.6% during the 2nd quarter. ACR Alpine Capital Research LLC now owns 1,594,721 shares of the shipping service provider’s stock valued at $362,496,000 after purchasing an additional 9,688 shares during the last quarter. 84.47% of the stock is currently owned by hedge funds and other institutional investors.

FedEx Price Performance

FDX stock opened at $267.93 on Wednesday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.21 and a current ratio of 1.25. FedEx Corporation has a 52-week low of $194.29 and a 52-week high of $308.53. The company has a fifty day moving average price of $238.89 and a 200-day moving average price of $230.72. The company has a market capitalization of $63.22 billion, a P/E ratio of 15.64, a PEG ratio of 1.42 and a beta of 1.31.

FedEx (NYSE:FDX) last released its 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 business had revenue of $22.20 billion during the quarter, compared to analysts’ expectations 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 last year, the firm posted $3.60 earnings per share. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. As a group, equities analysts expect that FedEx Corporation will post 19.14 EPS for the current year.

Wall Street Analysts Forecast Growth

FDX has been the topic of several recent research reports. Susquehanna lifted their target price 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. UBS Group raised their target price on shares of FedEx from $293.00 to $314.00 and gave the company a “buy” rating in a research note on Friday, September 19th. Wells Fargo & Company increased their target price on FedEx from $250.00 to $280.00 and gave the company an “equal weight” rating in a research note on Friday, November 7th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $274.00 price objective (down previously from $284.00) on shares of FedEx in a research note on Wednesday, October 8th. Finally, Truist Financial set a $285.00 price objective on shares of FedEx in a research report on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.