Turtle Creek Wealth Advisors LLC Buys Shares of 2,106 FedEx Corporation $FDX

Turtle Creek Wealth Advisors LLC acquired a new position in shares of FedEx Corporation (NYSE:FDX) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,106 shares of the shipping service provider’s stock, valued at approximately $479,000.

A number of other hedge funds have also recently bought and sold shares of FDX. Valeo Financial Advisors LLC lifted its holdings in shares of FedEx by 28,080.9% during the 2nd quarter. Valeo Financial Advisors LLC now owns 3,743,557 shares of the shipping service provider’s stock valued at $850,948,000 after acquiring an additional 3,730,273 shares in the last quarter. Nuveen LLC acquired a new stake in shares of FedEx in the 1st quarter worth approximately $314,650,000. ACR Alpine Capital Research LLC raised its holdings in shares of FedEx by 85.9% in the 1st quarter. ACR Alpine Capital Research LLC now owns 1,585,033 shares of the shipping service provider’s stock worth $386,399,000 after purchasing an additional 732,266 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of FedEx by 1.4% during the first quarter. Vanguard Group Inc. now owns 20,489,161 shares of the shipping service provider’s stock valued at $4,994,848,000 after acquiring an additional 289,655 shares during the period. Finally, Canada Pension Plan Investment Board raised its holdings in shares of FedEx by 302.6% during the first quarter. Canada Pension Plan Investment Board now owns 352,296 shares of the shipping service provider’s stock valued at $85,883,000 after acquiring an additional 264,792 shares during the period. Institutional investors and hedge funds own 84.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. The Goldman Sachs Group reduced their price target on FedEx from $290.00 to $276.00 and set a “buy” rating for the company in a research report on Friday, September 12th. Cowen reissued a “buy” rating on shares of FedEx in a report on Wednesday, June 25th. Stifel Nicolaus cut their price target on shares of FedEx from $308.00 to $296.00 and set a “buy” rating for the company in a report on Wednesday, September 17th. TD Cowen boosted their target price on shares of FedEx from $269.00 to $271.00 and gave the stock a “buy” rating in a research note on Friday, September 19th. Finally, BNP Paribas Exane raised shares of FedEx from an “underperform” rating to an “outperform” rating and set a $270.00 target price for the company in a research note on Thursday, July 3rd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, FedEx presently has an average rating of “Moderate Buy” and an average target price of $271.83.

FedEx Stock Up 0.5%

Shares of NYSE FDX opened at $236.91 on Friday. The stock has a market cap of $55.90 billion, a P/E ratio of 13.83, a P/E/G ratio of 1.31 and a beta of 1.28. The firm has a 50 day moving average price of $231.68 and a 200 day moving average price of $225.63. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.21 and a current ratio of 1.25. FedEx Corporation has a 52-week low of $194.29 and a 52-week high of $308.53.

FedEx (NYSE:FDX) last issued its quarterly earnings data on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.71 by $0.12. The firm had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $21.74 billion. FedEx had a net margin of 4.65% and a return on equity of 16.33%. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.60 earnings per share. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. Analysts expect that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Monday, September 8th were issued a $1.45 dividend. This represents a $5.80 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Monday, September 8th. FedEx’s dividend payout ratio is 33.86%.

About FedEx

FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. It operates through FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services segments. The FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; and time-critical transportation services.