2,186 Shares in FedEx Corporation $FDX Bought by Shum Financial Group Inc.

Shum Financial Group Inc. bought a new stake in FedEx Corporation (NYSE:FDX) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 2,186 shares of the shipping service provider’s stock, valued at approximately $515,000.

Several other large investors also recently made changes to their positions in FDX. Merit Financial Group LLC lifted its position in FedEx by 45.2% in the third quarter. Merit Financial Group LLC now owns 15,464 shares of the shipping service provider’s stock worth $3,647,000 after purchasing an additional 4,817 shares during the period. MFA Wealth Advisors LLC bought a new position in FedEx during the third quarter valued at about $203,000. Sivia Capital Partners LLC raised its position in FedEx by 31.6% in the third quarter. Sivia Capital Partners LLC now owns 3,394 shares of the shipping service provider’s stock worth $800,000 after acquiring an additional 815 shares in the last quarter. waypoint wealth counsel raised its holdings in shares of FedEx by 170.7% in the 3rd quarter. waypoint wealth counsel now owns 2,547 shares of the shipping service provider’s stock worth $601,000 after purchasing an additional 1,606 shares in the last quarter. Finally, HM Payson & Co. lifted its stake in FedEx by 12.5% during the third quarter. HM Payson & Co. now owns 1,590 shares of the shipping service provider’s stock valued at $375,000 after purchasing an additional 177 shares during the last quarter. Institutional investors and hedge funds own 84.47% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft upped their price target on FedEx from $276.00 to $322.00 and gave the company a “buy” rating in a report on Wednesday, December 17th. Raymond James Financial boosted their target price on FedEx from $255.00 to $305.00 and gave the stock an “outperform” rating in a research report on Monday, December 22nd. HSBC increased their price target on FedEx from $235.00 to $285.00 and gave the company a “hold” rating in a research report on Friday, December 19th. Barclays boosted 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. Finally, Wolfe Research raised their target price on shares of FedEx from $322.00 to $328.00 and gave the stock an “outperform” rating in a report on Friday, December 19th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $298.92.

FedEx Stock Down 0.7%

FedEx stock opened at $290.98 on Wednesday. The firm’s 50 day moving average price is $270.36 and its two-hundred day moving average price is $245.07. The firm has a market cap of $68.42 billion, a PE ratio of 16.04, a P/E/G ratio of 1.46 and a beta of 1.32. FedEx Corporation has a twelve month low of $194.29 and a twelve month high of $297.00. 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 (NYSE:FDX) last released its quarterly earnings data 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. FedEx had a return on equity of 16.63% and a net margin of 4.81%.The firm had revenue of $23.47 billion during the quarter, compared to analysts’ expectations of $22.79 billion. During the same quarter last year, the firm earned $4.05 earnings per share. The business’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. On average, research analysts predict that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Monday, December 15th will be issued a $1.45 dividend. The ex-dividend date is Monday, December 15th. This represents a $5.80 dividend on an annualized basis and a yield of 2.0%. FedEx’s dividend payout ratio is currently 31.97%.

FedEx Company Profile

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.