FedEx Corporation $FDX Shares Sold by CENTRAL TRUST Co

CENTRAL TRUST Co reduced its position in FedEx Corporation (NYSE:FDX) by 5.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,576 shares of the shipping service provider’s stock after selling 332 shares during the period. CENTRAL TRUST Co’s holdings in FedEx were worth $1,267,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. NewSquare Capital LLC grew its stake in FedEx by 121.8% during the 2nd quarter. NewSquare Capital LLC now owns 122 shares of the shipping service provider’s stock valued at $28,000 after purchasing an additional 67 shares in the last quarter. WPG Advisers LLC purchased a new position in shares of FedEx during the 1st quarter valued at approximately $43,000. Cary Street Partners Investment Advisory LLC grew its position in shares of FedEx by 60.7% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 188 shares of the shipping service provider’s stock worth $46,000 after buying an additional 71 shares in the last quarter. Motco increased its stake in shares of FedEx by 61.8% in the first quarter. Motco now owns 267 shares of the shipping service provider’s stock worth $65,000 after buying an additional 102 shares during the last quarter. Finally, Rise Advisors LLC raised its holdings in FedEx by 21.0% in the first quarter. Rise Advisors LLC now owns 340 shares of the shipping service provider’s stock valued at $83,000 after acquiring an additional 59 shares in the last quarter. 84.47% of the stock is owned by hedge funds and other institutional investors.

FedEx Stock Up 0.4%

FDX stock opened at $268.88 on Thursday. The stock has a market cap of $63.44 billion, a PE ratio of 15.70, a price-to-earnings-growth ratio of 1.49 and a beta of 1.31. The firm’s 50-day simple moving average is $239.77 and its 200 day simple moving average is $230.99. FedEx Corporation has a fifty-two week low of $194.29 and a fifty-two week high of $308.53. The company has a quick ratio of 1.21, a current ratio of 1.25 and a debt-to-equity ratio of 0.73.

FedEx (NYSE:FDX) last posted its earnings results on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $22.20 billion during the quarter, compared to analyst estimates of $21.74 billion. During the same period in the previous year, the business posted $3.60 EPS. FedEx’s revenue was up 3.1% on a year-over-year basis. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. As a group, sell-side analysts predict that FedEx Corporation will post 19.14 EPS for the current year.

Wall Street Analyst Weigh In

FDX has been the subject of several recent analyst reports. Stephens reissued an “overweight” rating and set a $260.00 price objective on shares of FedEx in a report on Tuesday, October 14th. Dbs Bank upgraded FedEx from a “hold” rating to a “moderate buy” rating in a research note on Thursday, August 21st. The Goldman Sachs Group lowered their price objective on FedEx from $290.00 to $276.00 and set a “buy” rating for the company in a report on Friday, September 12th. Jefferies Financial Group increased their target price on FedEx from $275.00 to $280.00 and gave the stock a “buy” rating in a report on Friday, September 19th. Finally, HSBC boosted their price target on FedEx from $230.00 to $235.00 in a report on Friday, September 19th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, FedEx presently has an average rating of “Moderate Buy” and a consensus target price of $273.08.

About FedEx

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.