TT Capital Management LLC Makes New Investment in FedEx Corporation $FDX

TT Capital Management LLC purchased a new stake in shares of FedEx Corporation (NYSE:FDX) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 11,709 shares of the shipping service provider’s stock, valued at approximately $2,564,000.

A number of other institutional investors have also added to or reduced their stakes in FDX. NewSquare Capital LLC lifted its holdings in shares of 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 buying an additional 67 shares in the last quarter. Twin Peaks Wealth Advisors LLC bought a new stake in FedEx in the 2nd quarter valued at $28,000. WPG Advisers LLC purchased a new stake in FedEx in the 1st quarter worth $43,000. Rise Advisors LLC boosted its holdings 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 valued at $83,000 after purchasing an additional 59 shares during the last quarter. Finally, OFI Invest Asset Management boosted its holdings in shares of FedEx by 67.2% during the 2nd quarter. OFI Invest Asset Management now owns 423 shares of the shipping service provider’s stock valued at $96,000 after purchasing an additional 170 shares during the last quarter. 84.47% of the stock is owned by hedge funds and other institutional investors.

FedEx Stock Down 0.1%

Shares of FDX opened at $284.62 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.25 and a debt-to-equity ratio of 0.73. FedEx Corporation has a 52-week low of $194.29 and a 52-week high of $295.24. The company has a market cap of $67.16 billion, a PE ratio of 16.62, a P/E/G ratio of 1.47 and a beta of 1.32. The business has a fifty day moving average of $257.72 and a 200 day moving average of $239.08.

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

FedEx Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Monday, December 15th will be given a dividend of $1.45 per share. This represents a $5.80 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Monday, December 15th. FedEx’s payout ratio is 33.86%.

Analyst Ratings Changes

FDX has been the topic of a number of research analyst reports. Citigroup boosted their target price on FedEx from $279.00 to $310.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Sanford C. Bernstein lifted their price objective on FedEx from $247.00 to $250.00 and gave the stock a “market perform” rating in a research note on Monday, September 22nd. Wolfe Research increased their target price on FedEx from $298.00 to $322.00 and gave the company an “outperform” rating in a research report on Monday, December 8th. Stifel Nicolaus raised their target price on shares of FedEx from $296.00 to $297.00 and gave the company a “buy” rating in a report on Thursday, November 20th. Finally, TD Cowen upped their price target on shares of FedEx from $269.00 to $271.00 and gave the company a “buy” rating in a research note on Friday, September 19th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, FedEx has an average rating of “Moderate Buy” and a consensus target price of $284.29.

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.