Hotchkis & Wiley Capital Management LLC Purchases 11,100 Shares of FedEx Co. (NYSE:FDX)

Hotchkis & Wiley Capital Management LLC grew its holdings in shares of FedEx Co. (NYSE:FDX - Free Report) by 0.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,699,179 shares of the shipping service provider's stock after acquiring an additional 11,100 shares during the period. FedEx accounts for approximately 1.5% of Hotchkis & Wiley Capital Management LLC's investment portfolio, making the stock its 20th biggest holding. Hotchkis & Wiley Capital Management LLC owned approximately 0.70% of FedEx worth $465,031,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. SeaCrest Wealth Management LLC lifted its position in shares of FedEx by 0.6% during the 2nd quarter. SeaCrest Wealth Management LLC now owns 5,615 shares of the shipping service provider's stock worth $1,683,000 after buying an additional 34 shares in the last quarter. LRI Investments LLC grew its position in shares of FedEx by 8.6% during the 2nd quarter. LRI Investments LLC now owns 455 shares of the shipping service provider's stock valued at $137,000 after purchasing an additional 36 shares in the last quarter. Ascent Wealth Partners LLC grew its position in shares of FedEx by 0.5% during the 2nd quarter. Ascent Wealth Partners LLC now owns 7,690 shares of the shipping service provider's stock valued at $2,306,000 after purchasing an additional 36 shares in the last quarter. Detalus Advisors LLC grew its position in shares of FedEx by 2.4% during the 2nd quarter. Detalus Advisors LLC now owns 1,602 shares of the shipping service provider's stock valued at $480,000 after purchasing an additional 37 shares in the last quarter. Finally, Sachetta LLC lifted its holdings in shares of FedEx by 29.1% during the 2nd quarter. Sachetta LLC now owns 164 shares of the shipping service provider's stock worth $49,000 after acquiring an additional 37 shares during the last quarter. Institutional investors own 84.47% of the company's stock.

FedEx Price Performance

Shares of FedEx stock traded down $13.84 during trading hours on Tuesday, reaching $282.85. The company's stock had a trading volume of 2,615,825 shares, compared to its average volume of 1,796,379. The firm has a 50 day moving average price of $277.83 and a 200-day moving average price of $279.12. FedEx Co. has a one year low of $234.45 and a one year high of $313.84. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.28 and a quick ratio of 1.24. The stock has a market cap of $69.11 billion, a P/E ratio of 17.45, a P/E/G ratio of 1.24 and a beta of 1.18.

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

FedEx Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Monday, December 9th will be given a $1.38 dividend. The ex-dividend date is Monday, December 9th. This represents a $5.52 annualized dividend and a yield of 1.95%. FedEx's dividend payout ratio (DPR) is 34.05%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Raymond James cut their price target on shares of FedEx from $335.00 to $330.00 and set a "buy" rating for the company in a research report on Friday, September 20th. Barclays increased their price target on shares of FedEx from $350.00 to $365.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 13th. UBS Group decreased their target price on shares of FedEx from $333.00 to $311.00 and set a "buy" rating for the company in a research note on Friday, September 20th. StockNews.com upgraded shares of FedEx from a "hold" rating to a "buy" rating in a report on Wednesday, November 13th. Finally, Stephens restated an "overweight" rating and issued a $350.00 target price on shares of FedEx in a report on Friday, September 20th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and eighteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $316.68.

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.