WASHINGTON TRUST Co Acquires 803 Shares of FedEx Corporation $FDX

WASHINGTON TRUST Co lifted its holdings in FedEx Corporation (NYSE:FDX) by 2.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,146 shares of the shipping service provider’s stock after acquiring an additional 803 shares during the period. WASHINGTON TRUST Co’s holdings in FedEx were worth $7,080,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC boosted its position in shares of FedEx by 12.8% during the fourth quarter. Brighton Jones LLC now owns 1,825 shares of the shipping service provider’s stock valued at $514,000 after buying an additional 207 shares during the period. OVERSEA CHINESE BANKING Corp Ltd purchased a new stake in shares of FedEx during the first quarter valued at $596,000. Whittier Trust Co. of Nevada Inc. increased its position in shares of FedEx by 4.9% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 2,028 shares of the shipping service provider’s stock worth $494,000 after acquiring an additional 95 shares during the period. Wealthfront Advisers LLC grew its position in shares of FedEx by 3.7% during the 1st quarter. Wealthfront Advisers LLC now owns 15,517 shares of the shipping service provider’s stock worth $3,783,000 after buying an additional 554 shares in the last quarter. Finally, Sage Mountain Advisors LLC grew its holdings in FedEx by 7.5% during the 1st quarter. Sage Mountain Advisors LLC now owns 1,271 shares of the shipping service provider’s stock worth $310,000 after acquiring an additional 89 shares in the last quarter. 84.47% of the stock is currently owned by institutional investors.

FedEx Stock Up 0.4%

NYSE FDX traded up $1.07 during trading hours on Thursday, hitting $269.74. 89,959 shares of the company were exchanged, compared to its average volume of 1,961,567. The company has a 50 day moving average of $239.77 and a two-hundred day moving average of $230.99. 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 Corporation has a 52-week low of $194.29 and a 52-week high of $308.53. The firm has a market cap of $63.65 billion, a price-to-earnings ratio of 15.77, a PEG ratio of 1.49 and a beta of 1.31.

FedEx (NYSE:FDX) last issued its earnings results on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share for the quarter, beating 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 firm had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $21.74 billion. During the same quarter last year, the company earned $3.60 earnings per share. The firm’s 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. Equities research analysts anticipate that FedEx Corporation will post 19.14 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have issued reports on FDX. Citigroup increased their target price on FedEx from $275.00 to $279.00 and gave the company a “buy” rating in a research report on Friday, September 19th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $274.00 price objective (down from $284.00) on shares of FedEx in a research report on Wednesday, October 8th. BMO Capital Markets cut their price target on shares of FedEx from $260.00 to $255.00 and set a “market perform” rating on the stock in a research note on Friday, September 19th. Wolfe Research upped their target price on FedEx from $254.00 to $298.00 in a research report on Tuesday, October 7th. Finally, Evercore ISI decreased their target price on shares of FedEx from $243.00 to $239.00 in a research report on Friday, September 19th. One equities research 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $274.79.

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.