AMG National Trust Bank Has $763,000 Stock Position in FedEx Corporation $FDX

AMG National Trust Bank decreased its holdings in shares of FedEx Corporation (NYSE:FDX) by 80.5% during the 2nd quarter, according to the company in its most recent 13F 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.

Several other large investors have also modified their holdings of the company. Abound Financial LLC bought a new stake in shares of FedEx during the 1st quarter worth $38,000. WPG Advisers LLC bought a new stake in shares of FedEx during the 1st quarter worth $43,000. Cary Street Partners Investment Advisory LLC boosted its holdings in shares of FedEx by 60.7% during the 1st 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 during the period. Motco boosted its holdings in shares of FedEx by 61.8% during the 1st quarter. Motco now owns 267 shares of the shipping service provider’s stock worth $65,000 after buying an additional 102 shares during the period. Finally, Rise Advisors LLC boosted its holdings in shares of FedEx by 21.0% during the 1st quarter. Rise Advisors LLC now owns 340 shares of the shipping service provider’s stock worth $83,000 after buying an additional 59 shares during the period. 84.47% of the stock is owned by institutional investors.

FedEx Trading Up 2.1%

Shares of FDX stock opened at $254.05 on Friday. The firm has a fifty day moving average of $235.07 and a 200-day moving average of $228.16. 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 stock has a market cap 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.

FedEx (NYSE:FDX) last posted its earnings results on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share for the quarter, topping the consensus estimate of $3.71 by $0.12. FedEx had a net margin of 4.65% and a return on equity of 16.33%. The business had revenue of $22.20 billion for the quarter, compared to analyst estimates of $21.74 billion. During the same quarter in the prior year, the firm earned $3.60 EPS. The firm’s quarterly revenue 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, equities research analysts forecast that FedEx Corporation will post 19.14 earnings per share for the current fiscal 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 $1.45 dividend. The ex-dividend date of this dividend was Monday, September 8th. This represents a $5.80 annualized dividend and a dividend yield of 2.3%. FedEx’s dividend payout ratio is presently 33.86%.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of FedEx in a report on Friday. Jefferies Financial Group upped their price objective on shares of FedEx from $275.00 to $280.00 and gave the stock a “buy” rating in a report on Friday, September 19th. HSBC upped their target price on shares of FedEx from $230.00 to $235.00 in a research note on Friday, September 19th. Citigroup upped their target price on shares of FedEx from $275.00 to $279.00 and gave the company a “buy” rating in a research note on Friday, September 19th. Finally, Wells Fargo & Company upped their target price on shares of FedEx from $235.00 to $250.00 and gave the company an “equal weight” rating in a research note on Friday, September 19th. One equities research 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 assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average 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.