Huber Capital Management LLC Sells 29,610 Shares of FedEx Corporation $FDX

Key Points

• Huber Capital Management LLC has significantly decreased its position in FedEx Corporation, cutting its holdings by 60.7% to 19,169 shares, valued at approximately $4.67 million.
• FedEx reported better-than-expected quarterly earnings of $6.07 EPS and revenue of $22.20 billion, surpassing analyst predictions.
• The company announced a quarterly dividend of $1.45 per share, translating to a 2.5% yield for shareholders, with the payout set for October 1st.

Huber Capital Management LLC lessened its holdings in FedEx Corporation (NYSE:FDX - Free Report) by 60.7% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 19,169 shares of the shipping service provider's stock after selling 29,610 shares during the quarter. Huber Capital Management LLC's holdings in FedEx were worth $4,673,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of FDX. Accredited Wealth Management LLC acquired a new position in FedEx in the fourth quarter valued at about $35,000. Abound Financial LLC acquired a new position in FedEx during the first quarter worth about $38,000. Optiver Holding B.V. acquired a new position in FedEx during the fourth quarter worth about $39,000. Ameriflex Group Inc. acquired a new position in FedEx during the fourth quarter worth about $43,000. Finally, Cary Street Partners Investment Advisory LLC raised its stake in FedEx by 60.7% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 188 shares of the shipping service provider's stock worth $46,000 after acquiring an additional 71 shares in the last quarter. Institutional investors and hedge funds own 84.47% of the company's stock.

Insider Activity at FedEx

In other FedEx news, Director Marvin R. Ellison sold 3,610 shares of the 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 transaction, the director directly owned 7,720 shares in the company, valued at approximately $1,829,176.80. This represents a 31.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director R Brad Martin sold 2,123 shares of the stock in a transaction 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 completion of the transaction, the director owned 8,935 shares in the company, valued at approximately $2,160,036.25. This 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 worth $2,228,816 over the last ninety days. Insiders own 0.53% of the company's stock.

FedEx Trading Down 0.1%

Shares of FedEx stock traded down $0.31 on Friday, hitting $230.96. The stock had a trading volume of 1,485,470 shares, compared to its average volume of 1,702,863. The stock has a 50 day moving average of $230.69 and a 200 day moving average of $229.88. FedEx Corporation has a twelve month low of $194.29 and a twelve month high of $308.53. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.15 and a current ratio of 1.19. The firm has a market capitalization of $54.49 billion, a P/E ratio of 13.68, a PEG ratio of 1.20 and a beta of 1.30.

FedEx (NYSE:FDX - Get Free Report) last released its quarterly earnings data on Tuesday, June 24th. The shipping service provider reported $6.07 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $21.86 billion. During the same quarter in the prior year, the firm posted $5.41 earnings per share. FedEx has set its Q1 2026 guidance at 3.400-4.000 EPS. Sell-side analysts expect that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Announces Dividend

The business also recently announced 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 is Monday, September 8th. This represents a $5.80 annualized dividend and a yield of 2.5%. FedEx's dividend payout ratio is presently 34.36%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Wall Street Zen downgraded FedEx from a "buy" rating to a "hold" rating in a research note on Saturday, August 16th. TD Cowen lowered their target price on FedEx from $310.00 to $269.00 and set a "buy" rating for the company in a research note on Wednesday, June 25th. Truist Financial reissued a "buy" rating and set a $275.00 target price on shares of FedEx in a research note on Wednesday, June 25th. BNP Paribas Exane raised FedEx from an "underperform" rating to an "outperform" rating and set a $270.00 target price for the company in a research note on Thursday, July 3rd. Finally, Bank of America lowered their target price on FedEx from $270.00 to $245.00 and set a "buy" rating for the company in a research note on Wednesday, June 25th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $282.96.

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.