Hotchkis & Wiley Capital Management LLC Raises Stock Holdings in FedEx Corporation $FDX

Key Points

• Hotchkis & Wiley Capital Management LLC increased its stake in FedEx Corporation by 7.1%, acquiring an additional 135,290 shares, bringing its total ownership to about 2,030,687 shares, valued at approximately $495 million.
• FedEx reported a Q1 earnings per share (EPS) of $6.07, exceeding analysts' expectations of $5.98, with revenues also surpassing projections at $22.20 billion.
• The company announced a quarterly dividend of $1.45 per share, reflecting a 2.5% dividend yield, and indicating a healthy payout ratio of 34.36%.

Hotchkis & Wiley Capital Management LLC raised its position in shares of FedEx Corporation (NYSE:FDX - Free Report) by 7.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,030,687 shares of the shipping service provider's stock after purchasing an additional 135,290 shares during the quarter. FedEx accounts for approximately 1.7% of Hotchkis & Wiley Capital Management LLC's holdings, making the stock its 17th biggest position. Hotchkis & Wiley Capital Management LLC owned about 0.85% of FedEx worth $495,041,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Accredited Wealth Management LLC bought a new stake in shares of FedEx during the 4th quarter valued at about $35,000. Abound Financial LLC bought a new stake in shares of FedEx during the 1st quarter valued at about $38,000. Optiver Holding B.V. bought a new stake in shares of FedEx during the 4th quarter valued at about $39,000. Ameriflex Group Inc. bought a new stake in shares of FedEx during the 4th quarter valued at about $43,000. Finally, Cary Street Partners Investment Advisory LLC grew its stake in shares of FedEx by 60.7% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 188 shares of the shipping service provider's stock valued at $46,000 after purchasing an additional 71 shares during the period. 84.47% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

FDX has been the topic of a number of analyst reports. UBS Group lowered their price objective on FedEx from $311.00 to $297.00 and set a "buy" rating on the stock in a research report on Wednesday, June 25th. Stephens reaffirmed an "overweight" rating and set a $300.00 price objective on shares of FedEx in a research report on Tuesday, May 20th. Raymond James Financial reaffirmed an "outperform" rating and set a $260.00 price objective (down from $275.00) on shares of FedEx in a research report on Wednesday, June 25th. Wells Fargo & Company lifted their price objective on FedEx from $220.00 to $235.00 and gave the company an "equal weight" rating in a research report on Wednesday, June 25th. Finally, Dbs Bank raised FedEx from a "hold" rating to a "moderate buy" rating in a research report on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $283.13.

Insider Transactions at FedEx

In other news, Director Marvin R. Ellison sold 3,610 shares of the company's stock in a transaction that occurred on Wednesday, July 9th. The stock was sold at an average price of $236.94, for a total transaction of $855,353.40. Following the sale, the director directly owned 7,720 shares of the company's stock, valued at $1,829,176.80. This represents a 31.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director R Brad Martin sold 2,123 shares of the company's stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $241.75, for a total value of $513,235.25. Following the sale, the director directly owned 8,935 shares in the company, valued at $2,160,036.25. This trade represents a 19.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,343 shares of company stock valued at $2,228,816 in the last ninety days. Corporate insiders own 0.53% of the company's stock.

FedEx Price Performance

NYSE FDX traded up $1.01 during trading hours on Wednesday, reaching $232.11. The company's stock had a trading volume of 1,083,880 shares, compared to its average volume of 1,971,788. The firm's 50-day moving average price is $230.24 and its 200-day moving average price is $230.49. The company has a quick ratio of 1.15, a current ratio of 1.19 and a debt-to-equity ratio of 0.68. FedEx Corporation has a 1 year low of $194.29 and a 1 year high of $308.53. The company has a market capitalization of $54.77 billion, a price-to-earnings ratio of 13.75, a PEG ratio of 1.21 and a beta of 1.30.

FedEx (NYSE:FDX - Get Free Report) last posted its quarterly earnings results on Tuesday, June 24th. The shipping service provider reported $6.07 EPS for the quarter, topping analysts' consensus estimates of $5.98 by $0.09. FedEx had a return on equity of 16.34% and a net margin of 4.65%.The company had revenue of $22.20 billion for the quarter, compared to analysts' expectations of $21.86 billion. During the same period in the previous year, the firm earned $5.41 EPS. FedEx has set its Q1 2026 guidance at 3.400-4.000 EPS. On average, equities research analysts predict that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 8th will be issued a $1.45 dividend. The ex-dividend date of this dividend is Monday, September 8th. This represents a $5.80 dividend on an annualized basis and a yield of 2.5%. FedEx's payout ratio is currently 34.36%.

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.