Banco Bilbao Vizcaya Argentaria S.A. Sells 34,441 Shares of FedEx Co. (NYSE:FDX)

Banco Bilbao Vizcaya Argentaria S.A. decreased its position in FedEx Co. (NYSE:FDX - Free Report) by 55.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,213 shares of the shipping service provider's stock after selling 34,441 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in FedEx were worth $7,656,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Fortitude Family Office LLC grew its position in FedEx by 144.4% in the 4th quarter. Fortitude Family Office LLC now owns 88 shares of the shipping service provider's stock worth $25,000 after purchasing an additional 52 shares during the last quarter. Transce3nd LLC acquired a new stake in FedEx during the fourth quarter worth about $26,000. Peoples Financial Services CORP. bought a new position in FedEx during the fourth quarter valued at about $28,000. City Holding Co. acquired a new position in FedEx in the 4th quarter valued at approximately $28,000. Finally, Kentucky Trust Co bought a new stake in shares of FedEx in the 4th quarter worth approximately $28,000. 84.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at FedEx

In other FedEx news, COO John Alan Smith sold 6,155 shares of the firm's stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $243.55, for a total transaction of $1,499,050.25. Following the completion of the sale, the chief operating officer now owns 23,347 shares of the company's stock, valued at $5,686,161.85. This trade represents a 20.86 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 8.87% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

FDX has been the subject of a number of recent research reports. Truist Financial cut their target price on FedEx from $305.00 to $275.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Bank of America decreased their target price on shares of FedEx from $295.00 to $272.00 and set a "buy" rating on the stock in a research report on Friday, March 21st. UBS Group dropped their price target on shares of FedEx from $350.00 to $331.00 and set a "buy" rating for the company in a research report on Friday, March 21st. Wells Fargo & Company decreased their price objective on FedEx from $260.00 to $220.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd. Finally, Jefferies Financial Group upgraded FedEx from a "hold" rating to a "buy" rating and lowered their price objective for the company from $300.00 to $275.00 in a research note on Monday, March 24th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $297.71.

FedEx Stock Down 0.8 %

NYSE:FDX traded down $1.62 on Tuesday, hitting $209.88. 1,647,260 shares of the company's stock were exchanged, compared to its average volume of 1,781,774. The firm has a 50-day moving average price of $232.36 and a 200-day moving average price of $261.42. FedEx Co. has a 52 week low of $194.30 and a 52 week high of $313.84. 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 company has a market cap of $50.29 billion, a P/E ratio of 13.38, a price-to-earnings-growth ratio of 1.11 and a beta of 1.24.

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

FedEx Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th were given a $1.38 dividend. 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 34.63%.

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.