Central Pacific Bank Trust Division Purchases 350 Shares of FedEx Corporation $FDX

Central Pacific Bank Trust Division boosted its position in shares of FedEx Corporation (NYSE:FDX) by 9.2% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 4,175 shares of the shipping service provider’s stock after buying an additional 350 shares during the quarter. Central Pacific Bank Trust Division’s holdings in FedEx were worth $949,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of FDX. Abound Financial LLC acquired a new position in shares of FedEx during the 1st quarter worth about $38,000. Ameriflex Group Inc. acquired a new position in shares of FedEx during the 4th quarter worth about $43,000. WPG Advisers LLC acquired a new position in shares of FedEx during the 1st quarter worth about $43,000. Cary Street Partners Investment Advisory LLC grew its position 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. Finally, SOA Wealth Advisors LLC. grew its position in shares of FedEx by 60.6% during the 1st quarter. SOA Wealth Advisors LLC. now owns 249 shares of the shipping service provider’s stock worth $61,000 after buying an additional 94 shares during the period. 84.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at FedEx

In other news, Director Paul S. Walsh sold 3,610 shares of the company’s stock in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of $238.29, for a total transaction of $860,226.90. Following the sale, the director owned 15,513 shares in the company, valued at $3,696,592.77. This represents a 18.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director R Brad Martin sold 2,123 shares of the company’s stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $241.75, for a total value of $513,235.25. Following the sale, the director owned 8,935 shares in the company, valued at approximately $2,160,036.25. This represents a 19.20% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,343 shares of company stock worth $2,228,816. Corporate insiders own 0.53% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on FDX shares. Raymond James Financial restated an “outperform” rating and set a $260.00 target price (down from $275.00) on shares of FedEx in a research report on Wednesday, June 25th. Sanford C. Bernstein decreased their target price on FedEx from $282.00 to $249.00 and set a “market perform” rating for the company in a research report on Friday, June 13th. Citigroup decreased their price objective on FedEx from $278.00 to $275.00 and set a “buy” rating for the company in a research report on Monday, August 18th. Dbs Bank upgraded FedEx from a “hold” rating to a “moderate buy” rating in a research report on Thursday, August 21st. Finally, Truist Financial reiterated a “buy” rating and issued a $275.00 price objective on shares of FedEx in a research report on Wednesday, June 25th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $282.54.

FedEx Trading Up 0.4%

NYSE FDX opened at $229.67 on Friday. The stock has a market capitalization of $54.19 billion, a price-to-earnings ratio of 13.61, a PEG ratio of 1.20 and a beta of 1.20. The stock’s 50 day moving average price is $229.77 and its two-hundred day moving average price is $227.42. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.15 and a current ratio of 1.19. FedEx Corporation has a 52 week low of $194.29 and a 52 week high of $308.53.

FedEx (NYSE:FDX) last released its earnings results on Tuesday, June 24th. The shipping service provider reported $6.07 EPS for the quarter, beating the consensus estimate of $5.98 by $0.09. The firm had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $21.86 billion. FedEx had a return on equity of 16.34% and a net margin of 4.65%.During the same quarter in the previous year, the business posted $5.41 EPS. FedEx has set its Q1 2026 guidance at 3.400-4.000 EPS. As a group, analysts anticipate 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 will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 8th will be paid a $1.45 dividend. The ex-dividend date is Monday, September 8th. This represents a $5.80 annualized dividend and a yield of 2.5%. FedEx’s payout ratio is presently 34.36%.

FedEx Company 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.