TD Waterhouse Canada Inc. Sells 2,267 Shares of FedEx Corporation $FDX

TD Waterhouse Canada Inc. cut its holdings in FedEx Corporation (NYSE:FDX) by 12.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm 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 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of FDX. Vanguard Group Inc. grew its holdings in shares of FedEx by 1.0% during the second quarter. Vanguard Group Inc. now owns 20,700,326 shares of the shipping service provider’s stock worth $4,705,391,000 after purchasing an additional 211,165 shares during the last quarter. Dodge & Cox lifted its position in FedEx by 4.7% during the 2nd quarter. Dodge & Cox now owns 14,482,494 shares of the shipping service provider’s stock valued at $3,292,016,000 after purchasing an additional 649,426 shares during the period. Geode Capital Management LLC boosted its stake in FedEx by 0.6% in the second quarter. Geode Capital Management LLC now owns 4,947,670 shares of the shipping service provider’s stock valued at $1,124,524,000 after acquiring an additional 28,450 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of FedEx by 2.1% in the 2nd quarter. Franklin Resources Inc. now owns 4,545,371 shares of the shipping service provider’s stock worth $1,033,208,000 after purchasing an additional 94,136 shares during the last quarter. Finally, Valeo Financial Advisors LLC boosted its holdings in FedEx by 28,080.9% during the second quarter. Valeo Financial Advisors LLC now owns 3,743,557 shares of the shipping service provider’s stock worth $850,948,000 after buying an additional 3,730,273 shares during the last quarter. Institutional investors own 84.47% of the company’s stock.

FedEx Trading Up 0.7%

Shares of FDX stock opened at $322.26 on Friday. The company has a market capitalization of $75.77 billion, a price-to-earnings ratio of 17.77, a PEG ratio of 1.61 and a beta of 1.35. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.23 and a current ratio of 1.27. FedEx Corporation has a 52-week low of $194.29 and a 52-week high of $322.75. The company has a 50-day simple moving average of $293.61 and a two-hundred day simple moving average of $257.01.

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

FedEx Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on FDX shares. Stephens increased their target price on FedEx from $260.00 to $330.00 and gave the stock an “overweight” rating in a research note on Friday, December 19th. Wall Street Zen raised shares of FedEx from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 17th. BMO Capital Markets raised their price target on FedEx from $265.00 to $290.00 and gave the company a “market perform” rating in a report on Friday, December 19th. Argus raised their price objective on shares of FedEx from $250.00 to $350.00 and gave the stock a “buy” rating in a research report on Wednesday, January 21st. Finally, Citigroup lifted their target price on FedEx from $310.00 to $327.00 and gave the stock a “buy” rating 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 given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price 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.