AMG National Trust Bank Sells 13,866 Shares of FedEx Corporation $FDX

AMG National Trust Bank lowered its stake in shares of FedEx Corporation (NYSE:FDX) by 80.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,355 shares of the shipping service provider’s stock after selling 13,866 shares during the quarter. AMG National Trust Bank’s holdings in FedEx were worth $763,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Oppenheimer Asset Management Inc. boosted its stake in shares of FedEx by 24.3% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 262,121 shares of the shipping service provider’s stock valued at $59,583,000 after purchasing an additional 51,294 shares during the last quarter. Golden State Wealth Management LLC boosted its stake in shares of FedEx by 21.1% in the 1st quarter. Golden State Wealth Management LLC now owns 362 shares of the shipping service provider’s stock valued at $88,000 after purchasing an additional 63 shares during the last quarter. Sivia Capital Partners LLC bought a new position in shares of FedEx in the 2nd quarter valued at about $586,000. Sage Capital Advisors llc boosted its stake in shares of FedEx by 136.5% in the 2nd 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 last quarter. Finally, Jackson Thornton Wealth Management LLC bought a new position in shares of FedEx in the 2nd quarter valued at about $298,000. Institutional investors own 84.47% of the company’s stock.

FedEx Stock Performance

Shares of NYSE:FDX opened at $254.05 on Friday. 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 $59.95 billion, a price-to-earnings ratio of 14.83, a P/E/G ratio of 1.42 and a beta of 1.28. The firm’s 50 day simple moving average is $235.07 and its 200 day simple moving average is $228.16. FedEx Corporation has a fifty-two week low of $194.29 and a fifty-two week high of $308.53.

FedEx (NYSE:FDX) last announced 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 firm had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $21.74 billion. FedEx had a net margin of 4.65% and a return on equity of 16.33%. The business’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period last year, the company posted $3.60 EPS. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. As a group, sell-side analysts forecast that FedEx Corporation will post 19.14 earnings per share for the current year.

FedEx Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Monday, September 8th were issued a dividend of $1.45 per share. This represents a $5.80 annualized dividend and a yield of 2.3%. The ex-dividend date was Monday, September 8th. FedEx’s dividend payout ratio (DPR) is 33.86%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Wolfe Research raised their target price on shares of FedEx from $254.00 to $298.00 in a research note on Tuesday, October 7th. TD Cowen raised their target price on shares of FedEx from $269.00 to $271.00 and gave the company a “buy” rating in a research note on Friday, September 19th. Truist Financial set a $285.00 price target on shares of FedEx in a research report on Tuesday, October 14th. Dbs Bank upgraded shares of FedEx from a “hold” rating to a “moderate buy” rating in a research report on Thursday, August 21st. Finally, Sanford C. Bernstein increased their price target on shares of FedEx from $247.00 to $250.00 and gave the company a “market perform” rating in a research report on Monday, September 22nd. 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 given a Sell rating to the stock. According to MarketBeat.com, FedEx has a consensus rating of “Moderate Buy” and a consensus price target 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.