Merit Financial Group LLC Has $3.65 Million Holdings in FedEx Corporation $FDX

Merit Financial Group LLC boosted its position in shares of FedEx Corporation (NYSE:FDX) by 45.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,464 shares of the shipping service provider’s stock after purchasing an additional 4,817 shares during the period. Merit Financial Group LLC’s holdings in FedEx were worth $3,647,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of FDX. Twin Peaks Wealth Advisors LLC bought a new position in shares of FedEx during the second quarter worth about $28,000. NewSquare Capital LLC boosted its position in FedEx by 121.8% during the 2nd quarter. NewSquare Capital LLC now owns 122 shares of the shipping service provider’s stock worth $28,000 after acquiring an additional 67 shares during the last quarter. Rise Advisors LLC grew its stake in shares of FedEx by 21.0% during the 1st quarter. Rise Advisors LLC now owns 340 shares of the shipping service provider’s stock worth $83,000 after acquiring an additional 59 shares in the last quarter. Caldwell Trust Co acquired a new stake in shares of FedEx in the second quarter valued at approximately $91,000. Finally, OFI Invest Asset Management lifted its position in shares of FedEx by 67.2% in the second quarter. OFI Invest Asset Management now owns 423 shares of the shipping service provider’s stock worth $96,000 after purchasing an additional 170 shares in the last quarter. 84.47% of the stock is currently owned by institutional investors.

FedEx Stock Performance

FDX opened at $293.17 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. FedEx Corporation has a 12-month low of $194.29 and a 12-month high of $297.00. The business has a 50 day moving average of $273.41 and a 200-day moving average of $246.14. The stock has a market cap of $68.93 billion, a price-to-earnings ratio of 16.16, a PEG ratio of 1.44 and a beta of 1.35.

FedEx (NYSE:FDX) last posted its quarterly 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 return on equity of 16.63% and a net margin of 4.81%.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 prior year, the business earned $4.05 EPS. 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. On average, equities research analysts expect that FedEx Corporation will post 19.14 earnings per share for the current year.

FedEx Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Monday, December 15th will be paid a dividend of $1.45 per share. This represents a $5.80 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Monday, December 15th. FedEx’s dividend payout ratio (DPR) is currently 31.97%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on FDX. Deutsche Bank Aktiengesellschaft lifted their price target on shares of FedEx from $276.00 to $322.00 and gave the company a “buy” rating in a research note on Wednesday, December 17th. Stephens lifted their target price on FedEx from $260.00 to $330.00 and gave the company an “overweight” rating in a research report on Friday, December 19th. Bank of America upped their target price on FedEx from $285.00 to $315.00 and gave the stock a “neutral” rating in a report on Friday, December 19th. Raymond James Financial raised their price target on FedEx from $255.00 to $305.00 and gave the company an “outperform” rating in a research note on Monday, December 22nd. Finally, The Goldman Sachs Group increased their price objective on FedEx from $301.00 to $317.00 and gave the company a “buy” rating in a report on Friday, December 19th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $298.92.

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.