FedEx Co. (NYSE:FDX) Shares Acquired by Hotchkis & Wiley Capital Management LLC

Hotchkis & Wiley Capital Management LLC increased its holdings in shares of FedEx Co. (NYSE:FDX) by 0.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,699,179 shares of the shipping service provider’s stock after purchasing an additional 11,100 shares during the period. FedEx makes up 1.5% of Hotchkis & Wiley Capital Management LLC’s holdings, making the stock its 20th biggest position. Hotchkis & Wiley Capital Management LLC’s holdings in FedEx were worth $465,031,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. International Assets Investment Management LLC increased its stake in shares of FedEx by 473.8% in the 3rd quarter. International Assets Investment Management LLC now owns 784,691 shares of the shipping service provider’s stock worth $2,147,540,000 after acquiring an additional 647,926 shares during the last quarter. Ameriprise Financial Inc. increased its stake in FedEx by 34.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,248,137 shares of the shipping service provider’s stock worth $674,336,000 after buying an additional 578,350 shares during the period. Ceredex Value Advisors LLC boosted its holdings in FedEx by 77.8% in the third quarter. Ceredex Value Advisors LLC now owns 368,107 shares of the shipping service provider’s stock valued at $101,022,000 after purchasing an additional 161,022 shares during the period. Empyrean Capital Partners LP purchased a new stake in shares of FedEx during the 2nd quarter worth $46,475,000. Finally, Interval Partners LP increased its holdings in FedEx by 408.3% in the second quarter. Interval Partners LP now owns 191,088 shares of the shipping service provider’s stock valued at $57,296,000 after buying an additional 153,497 shares during the last quarter. Institutional investors and hedge funds own 84.47% of the company’s stock.

Analyst Upgrades and Downgrades

FDX has been the topic of several recent analyst reports. The Goldman Sachs Group dropped their price target on shares of FedEx from $333.00 to $332.00 in a research note on Friday, September 20th. Citigroup increased their target price on FedEx from $301.00 to $331.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Morgan Stanley cut shares of FedEx from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $215.00 to $200.00 in a research report on Friday, September 20th. Daiwa America lowered shares of FedEx from a “moderate buy” rating to a “hold” rating in a report on Wednesday, September 11th. Finally, TD Cowen decreased their price target on FedEx from $334.00 to $328.00 and set a “buy” rating for the company in a report on Friday, September 20th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $316.04.

FedEx Price Performance

NYSE:FDX opened at $296.78 on Tuesday. FedEx Co. has a 12-month low of $234.45 and a 12-month high of $313.84. The firm has a market capitalization of $72.51 billion, a price-to-earnings ratio of 18.31, a P/E/G ratio of 1.26 and a beta of 1.18. The stock’s 50 day moving average price is $277.83 and its two-hundred day moving average price is $279.12. The company has a quick ratio of 1.24, a current ratio of 1.28 and a debt-to-equity ratio of 0.72.

FedEx (NYSE:FDX) last released its quarterly earnings data on Thursday, September 19th. The shipping service provider reported $3.60 earnings per share for the quarter, missing the consensus estimate of $4.82 by ($1.22). FedEx had a net margin of 4.62% and a return on equity of 15.61%. The business had revenue of $21.58 billion during the quarter, compared to analyst estimates of $21.87 billion. During the same period last year, the business earned $4.55 earnings per share. The business’s quarterly revenue was down .5% compared to the same quarter last year. On average, analysts anticipate that FedEx Co. will post 19.59 earnings per share for the current year.

FedEx Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Monday, December 9th will be paid a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date of this dividend is Monday, December 9th. FedEx’s dividend payout ratio (DPR) is 34.05%.

FedEx Company 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.