Huber Capital Management LLC Has $13.72 Million Holdings in FedEx Co. (NYSE:FDX)

Huber Capital Management LLC increased its holdings in FedEx Co. (NYSE:FDX - Free Report) by 58.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 48,779 shares of the shipping service provider's stock after buying an additional 17,910 shares during the period. FedEx accounts for 2.7% of Huber Capital Management LLC's investment portfolio, making the stock its 10th biggest position. Huber Capital Management LLC's holdings in FedEx were worth $13,723,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Fortitude Family Office LLC boosted its position in shares of FedEx by 144.4% during the 4th quarter. Fortitude Family Office LLC now owns 88 shares of the shipping service provider's stock valued at $25,000 after acquiring an additional 52 shares during the last quarter. Peoples Financial Services CORP. bought a new stake in FedEx during the fourth quarter valued at approximately $28,000. City Holding Co. purchased a new position in FedEx in the 4th quarter worth approximately $28,000. Kentucky Trust Co purchased a new position in FedEx in the fourth quarter worth $28,000. Finally, Activest Wealth Management purchased a new position in shares of FedEx in the 4th quarter worth about $29,000. 84.47% of the stock is currently owned by hedge funds and other institutional investors.

FedEx Stock Performance

Shares of NYSE:FDX traded down $5.96 during trading on Friday, hitting $209.90. The company's stock had a trading volume of 3,618,525 shares, compared to its average volume of 1,754,835. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.23 and a quick ratio of 1.19. The firm has a market cap of $50.29 billion, a price-to-earnings ratio of 13.38, a P/E/G ratio of 1.11 and a beta of 1.24. The company has a 50-day moving average of $252.45 and a 200-day moving average of $268.95. FedEx Co. has a 12 month low of $203.90 and a 12 month high of $313.84.

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FedEx (NYSE:FDX - Get Free Report) last released its quarterly earnings results on Thursday, March 20th. The shipping service provider reported $4.51 earnings per share for the quarter, missing the consensus estimate of $4.56 by ($0.05). The business had revenue of $22.16 billion during the quarter, compared to the consensus estimate of $21.96 billion. FedEx had a return on equity of 15.59% and a net margin of 4.45%. The firm's revenue was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.86 earnings per share. On average, sell-side analysts expect that FedEx Co. will post 19.14 earnings per share for the current year.

FedEx Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th were given a dividend of $1.38 per share. The ex-dividend date was Monday, March 10th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.63%. FedEx's payout ratio is currently 34.63%.

Insider Activity at FedEx

In other FedEx news, CEO Richard W. Smith sold 2,576 shares of the stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $276.93, for a total value of $713,371.68. Following the completion of the sale, the chief executive officer now owns 111,886 shares in the company, valued at approximately $30,984,589.98. This represents a 2.25 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Susan C. Schwab sold 3,980 shares of the company's stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $276.45, for a total value of $1,100,271.00. Following the completion of the transaction, the director now directly owns 8,904 shares of the company's stock, valued at approximately $2,461,510.80. This trade represents a 30.89 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,711 shares of company stock worth $3,312,693. 8.87% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on FDX. Citigroup reduced their target price on shares of FedEx from $347.00 to $317.00 and set a "buy" rating on the stock in a report on Tuesday, March 18th. Wells Fargo & Company cut their target price on FedEx from $275.00 to $260.00 and set an "equal weight" rating on the stock in a research note on Friday, March 21st. UBS Group reduced their price objective on shares of FedEx from $350.00 to $331.00 and set a "buy" rating on the stock in a research report on Friday, March 21st. Bank of America dropped their price target on FedEx from $295.00 to $272.00 and set a "buy" rating on the stock in a research report on Friday, March 21st. Finally, Cfra Research upgraded shares of FedEx to a "hold" rating in a report on Thursday, March 20th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $302.71.

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.