7,883 Shares in FedEx Corporation $FDX Purchased by Krilogy Financial LLC

Krilogy Financial LLC acquired a new position in FedEx Corporation (NYSE:FDX) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 7,883 shares of the shipping service provider’s stock, valued at approximately $2,019,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Grey Fox Wealth Advisors LLC purchased a new position in shares of FedEx in the 3rd quarter valued at approximately $27,000. NewSquare Capital LLC raised its holdings in FedEx by 121.8% in the second quarter. NewSquare Capital LLC now owns 122 shares of the shipping service provider’s stock worth $28,000 after purchasing an additional 67 shares in the last quarter. Twin Peaks Wealth Advisors LLC purchased a new position in FedEx during the second quarter valued at $28,000. Physician Wealth Advisors Inc. boosted its holdings in shares of FedEx by 27.5% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 218 shares of the shipping service provider’s stock valued at $51,000 after buying an additional 47 shares in the last quarter. Finally, City Holding Co. boosted its holdings in shares of FedEx by 167.0% during the 3rd quarter. City Holding Co. now owns 267 shares of the shipping service provider’s stock valued at $63,000 after buying an additional 167 shares in the last quarter. Hedge funds and other institutional investors own 84.47% of the company’s stock.

FedEx Stock Performance

FDX stock opened at $367.07 on Thursday. FedEx Corporation has a 12-month low of $194.29 and a 12-month high of $374.80. The stock’s 50 day simple moving average is $307.65 and its 200 day simple moving average is $264.36. The company has a current ratio of 1.27, a quick ratio of 1.23 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $86.31 billion, a PE ratio of 20.24, a price-to-earnings-growth ratio of 1.85 and a beta of 1.34.

FedEx (NYSE:FDX) last announced its quarterly 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. FedEx had a return on equity of 16.63% and a net margin of 4.81%.The firm had revenue of $23.47 billion for the quarter, compared to the consensus estimate of $22.79 billion. During the same period in the prior year, the company posted $4.05 earnings per share. The company’s quarterly revenue was up 6.8% on a year-over-year basis. FedEx has set its FY 2026 guidance at 17.800-19.000 EPS. As a group, research analysts forecast that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 6th. Stockholders of record on Monday, December 15th were paid a $1.45 dividend. The ex-dividend date was Monday, December 15th. This represents a $5.80 dividend on an annualized basis and a dividend yield of 1.6%. FedEx’s payout ratio is currently 31.97%.

Wall Street Analyst Weigh In

FDX has been the subject of a number of recent research reports. BNP Paribas Exane set a $280.00 price target on shares of FedEx and gave the company a “neutral” rating in a research report on Tuesday, January 13th. Citigroup lifted their target price on shares of FedEx from $327.00 to $401.00 and gave the company a “buy” rating in a report on Thursday, February 5th. Evercore boosted their price target on FedEx from $275.00 to $288.00 in a research report on Friday, December 19th. UBS Group raised their price objective on FedEx from $314.00 to $412.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. Finally, Barclays lifted their price objective on FedEx from $360.00 to $450.00 and gave the company an “overweight” rating in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $319.26.

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.