11,709 Shares in FedEx Corporation $FDX Purchased by TT Capital Management LLC

TT Capital Management LLC acquired a new stake in shares of FedEx Corporation (NYSE:FDX) in the second quarter, Holdings Channel reports. The firm acquired 11,709 shares of the shipping service provider’s stock, valued at approximately $2,564,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Valeo Financial Advisors LLC raised its stake in shares of FedEx by 28,080.9% during the second 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. Norges Bank bought a new stake in FedEx during the 2nd quarter valued at $605,497,000. AQR Capital Management LLC lifted its holdings in shares of FedEx by 750.9% in the 2nd quarter. AQR Capital Management LLC now owns 1,015,627 shares of the shipping service provider’s stock worth $230,862,000 after buying an additional 896,271 shares during the period. Dodge & Cox grew its position in shares of FedEx by 4.7% during the 2nd quarter. Dodge & Cox now owns 14,482,494 shares of the shipping service provider’s stock worth $3,292,016,000 after buying an additional 649,426 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of FedEx by 228.9% during the second quarter. Arrowstreet Capital Limited Partnership now owns 795,495 shares of the shipping service provider’s stock valued at $180,824,000 after buying an additional 553,628 shares during the period. 84.47% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on FDX shares. Vertical Research lowered their price objective on shares of FedEx from $280.00 to $275.00 in a research note on Friday, September 19th. Wells Fargo & Company boosted their price target on shares of FedEx from $280.00 to $290.00 and gave the company an “equal weight” rating in a report on Monday, December 8th. Jefferies Financial Group increased their price objective on shares of FedEx from $280.00 to $315.00 and gave the company a “buy” rating in a research note on Thursday. Citigroup boosted their price objective on shares of FedEx from $279.00 to $310.00 and gave the stock a “buy” rating in a research note on Thursday, November 13th. Finally, Stifel Nicolaus lifted their price target on FedEx from $296.00 to $297.00 and gave the company a “buy” rating in a report on Thursday, November 20th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, FedEx currently has an average rating of “Moderate Buy” and an average price target of $284.29.

FedEx Price Performance

Shares of FDX opened at $284.62 on Friday. The company has a 50 day moving average of $257.72 and a two-hundred day moving average of $239.08. 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 twelve month low of $194.29 and a twelve month high of $295.24. The company has a market cap of $67.16 billion, a price-to-earnings ratio of 16.62, a price-to-earnings-growth ratio of 1.47 and a beta of 1.32.

FedEx (NYSE:FDX) last announced its quarterly earnings data on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share for the quarter, beating analysts’ consensus estimates of $3.71 by $0.12. FedEx had a net margin of 4.65% and a return on equity of 16.33%. The firm had revenue of $22.20 billion for the quarter, compared to analyst estimates of $21.74 billion. During the same period in the previous year, the company earned $3.60 earnings per share. The business’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, analysts predict that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Monday, December 15th will be given a $1.45 dividend. 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 is 33.86%.

FedEx Profile

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.