TD Waterhouse Canada Inc. Reduces Stock Holdings in FedEx Corporation $FDX

TD Waterhouse Canada Inc. lessened its holdings in FedEx Corporation (NYSE:FDX) by 12.5% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 15,812 shares of the shipping service provider’s stock after selling 2,267 shares during the period. TD Waterhouse Canada Inc.’s holdings in FedEx were worth $3,789,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of FDX. Grey Fox Wealth Advisors LLC purchased a new stake in FedEx during the 3rd quarter valued at about $27,000. NewSquare Capital LLC boosted its holdings in FedEx by 121.8% in the 2nd quarter. NewSquare Capital LLC now owns 122 shares of the shipping service provider’s stock worth $28,000 after buying an additional 67 shares during the last quarter. Twin Peaks Wealth Advisors LLC acquired a new position in FedEx during the second quarter worth about $28,000. City Holding Co. boosted its stake in FedEx by 167.0% during the third quarter. City Holding Co. now owns 267 shares of the shipping service provider’s stock worth $63,000 after buying an additional 167 shares during the last quarter. Finally, Quent Capital LLC acquired a new position in FedEx in the 3rd quarter valued at about $71,000. 84.47% of the stock is owned by hedge funds and other institutional investors.

FedEx Trading Up 0.7%

Shares of FDX stock opened at $322.26 on Friday. The company has a quick ratio of 1.23, a current ratio of 1.27 and a debt-to-equity ratio of 0.72. The business’s 50 day moving average is $293.61 and its two-hundred day moving average is $257.01. The company has a market cap of $75.77 billion, a PE ratio of 17.77, a price-to-earnings-growth ratio of 1.61 and a beta of 1.35. FedEx Corporation has a 12 month low of $194.29 and a 12 month high of $322.75.

FedEx (NYSE:FDX) last posted its earnings results on Thursday, December 18th. The shipping service provider reported $4.82 earnings per share for the quarter, beating analysts’ consensus estimates of $4.02 by $0.80. FedEx had a net margin of 4.81% and a return on equity of 16.63%. The business had revenue of $23.47 billion for the quarter, compared to analysts’ expectations of $22.79 billion. During the same quarter in the previous year, the firm posted $4.05 earnings per share. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. FedEx has set its FY 2026 guidance at 17.800-19.000 EPS. Equities analysts predict that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 6th. Stockholders of record on Monday, December 15th were given a $1.45 dividend. This represents a $5.80 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Monday, December 15th. FedEx’s payout ratio is currently 31.97%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on FDX shares. BMO Capital Markets upped their target price on shares of FedEx from $265.00 to $290.00 and gave the stock a “market perform” rating in a research note on Friday, December 19th. Susquehanna cut their price objective on FedEx from $345.00 to $340.00 in a research report on Tuesday, December 23rd. Barclays upped their price objective on FedEx from $320.00 to $360.00 and gave the stock an “overweight” rating in a report on Tuesday, December 16th. Royal Bank Of Canada downgraded shares of FedEx to a “sector perform” rating in a research note on Wednesday, December 17th. Finally, Evercore ISI raised their target price on shares of FedEx from $275.00 to $288.00 in a report on Friday, December 19th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, fourteen have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $303.86.

About FedEx

FedEx Corporation (NYSE: FDX) is a global logistics and courier company headquartered in Memphis, Tennessee. Founded by Frederick W. Smith in 1971 and beginning operations in the early 1970s, the company pioneered overnight express shipping and has since expanded into a diversified portfolio of transportation, e-commerce and supply-chain services. FedEx operates an integrated air-and-ground network that moves parcels, freight and documents for businesses and consumers worldwide.

FedEx’s core operating segments include express parcel delivery via its FedEx Express division, domestic and residential parcel delivery through FedEx Ground, less-than-truckload (LTL) freight services, and logistics and supply-chain management solutions.