Turtle Creek Wealth Advisors LLC Purchases New Shares in FedEx Corporation $FDX

Key Points

• Turtle Creek Wealth Advisors LLC invested approximately $479,000 in FedEx Corporation, acquiring 2,106 shares during the second quarter.
• Analysts have set varied price targets for FedEx, with most recent targets ranging from $239.00 to $280.00, while maintaining a consensus rating of "Moderate Buy."
• FedEx reported a quarterly earnings per share of $3.83, exceeding estimates, along with a revenue of $22.20 billion, reflecting a year-over-year increase of 3.1%.

Turtle Creek Wealth Advisors LLC acquired a new stake in shares of FedEx Corporation (NYSE:FDX - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 2,106 shares of the shipping service provider's stock, valued at approximately $479,000.

A number of other large investors have also added to or reduced their stakes in FDX. WealthPlan Investment Management LLC raised its stake in shares of FedEx by 3.2% in the second quarter. WealthPlan Investment Management LLC now owns 1,439 shares of the shipping service provider's stock worth $327,000 after purchasing an additional 44 shares during the last quarter. Mutual Advisors LLC raised its stake in shares of FedEx by 2.6% in the second quarter. Mutual Advisors LLC now owns 3,878 shares of the shipping service provider's stock worth $943,000 after purchasing an additional 99 shares during the last quarter. Generali Asset Management SPA SGR grew its holdings in shares of FedEx by 1.5% in the second quarter. Generali Asset Management SPA SGR now owns 6,366 shares of the shipping service provider's stock worth $1,447,000 after acquiring an additional 94 shares during the period. Sagespring Wealth Partners LLC grew its position in shares of FedEx by 21.9% during the second quarter. Sagespring Wealth Partners LLC now owns 2,535 shares of the shipping service provider's stock worth $576,000 after purchasing an additional 456 shares in the last quarter. Finally, Equitable Trust Co. lifted its position in shares of FedEx by 4.4% in the second quarter. Equitable Trust Co. now owns 9,358 shares of the shipping service provider's stock worth $2,127,000 after buying an additional 397 shares in the last quarter. Hedge funds and other institutional investors own 84.47% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on the company. Stephens restated an "overweight" rating and set a $260.00 price objective on shares of FedEx in a report on Tuesday. Jefferies Financial Group lifted their price target on FedEx from $275.00 to $280.00 and gave the stock a "buy" rating in a research report on Friday, September 19th. Evercore ISI lowered their price target on FedEx from $243.00 to $239.00 in a research report on Friday, September 19th. The Goldman Sachs Group lowered 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. Finally, Wells Fargo & Company lifted their price objective on FedEx from $235.00 to $250.00 and gave the company an "equal weight" 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 given a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $271.83.

FedEx Trading Up 0.5%

FDX opened at $236.91 on Friday. The stock has a market capitalization of $55.90 billion, a PE ratio of 13.83, a P/E/G ratio of 1.31 and a beta of 1.28. 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 one year low of $194.29 and a one year high of $308.53. The business's 50 day moving average price is $231.68 and its 200 day moving average price is $225.63.

FedEx (NYSE:FDX - Get Free Report) last announced its earnings results 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. FedEx had a return on equity of 16.33% and a net margin of 4.65%.The company had revenue of $22.20 billion for the quarter, compared to analyst estimates of $21.74 billion. During the same quarter in the previous year, the company earned $3.60 earnings per share. The firm's quarterly revenue was up 3.1% compared to the same quarter last year. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. As a group, equities research analysts expect that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Announces Dividend

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

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