FedEx Co. (NYSE:FDX) Shares Sold by Banco Bilbao Vizcaya Argentaria S.A.

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

Several other institutional investors and hedge funds have also recently bought and sold shares of FDX. Morse Asset Management Inc acquired a new position in shares of FedEx during the 3rd quarter worth about $465,000. Virtu Financial LLC acquired a new position in FedEx in the third quarter valued at approximately $3,405,000. Aldebaran Financial Inc. increased its stake in FedEx by 8.7% in the third quarter. Aldebaran Financial Inc. now owns 1,120 shares of the shipping service provider's stock valued at $307,000 after purchasing an additional 90 shares during the last quarter. SkyView Investment Advisors LLC raised its holdings in FedEx by 4.2% during the third quarter. SkyView Investment Advisors LLC now owns 1,875 shares of the shipping service provider's stock worth $513,000 after purchasing an additional 76 shares in the last quarter. Finally, Tudor Financial Inc. purchased a new stake in shares of FedEx during the 3rd quarter worth approximately $282,000. 84.47% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on FDX shares. Bank of America cut their price target on shares of FedEx from $295.00 to $272.00 and set a "buy" rating on the stock in a research note on Friday, March 21st. Loop Capital downgraded FedEx from a "hold" rating to a "sell" rating and reduced their target price for the company from $283.00 to $221.00 in a report on Friday, March 21st. Deutsche Bank Aktiengesellschaft initiated coverage on FedEx in a report on Friday, March 7th. They issued a "buy" rating and a $337.00 target price for the company. Jefferies Financial Group raised FedEx from a "hold" rating to a "buy" rating and reduced their target price for the company from $300.00 to $275.00 in a report on Monday, March 24th. Finally, UBS Group reduced their target price on FedEx from $350.00 to $331.00 and set a "buy" rating for the company in a report on Friday, March 21st. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, FedEx currently has an average rating of "Moderate Buy" and a consensus price target of $297.71.

Insider Activity at FedEx

In other news, COO John Alan Smith sold 6,155 shares of FedEx stock in a transaction dated Thursday, March 27th. The shares were 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 directly owns 23,347 shares in the company, valued at $5,686,161.85. The trade was a 20.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 8.87% of the stock is currently owned by corporate insiders.

FedEx Price Performance

Shares of FDX traded down $1.77 on Thursday, reaching $208.56. The stock had a trading volume of 347,408 shares, compared to its average volume of 1,777,828. The firm has a market capitalization of $49.97 billion, a PE ratio of 13.30, a PEG ratio of 1.11 and a beta of 1.24. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.73. The firm has a 50-day moving average of $230.32 and a 200 day moving average of $260.71. FedEx Co. has a twelve month low of $194.30 and a twelve month high of $313.84.

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 analysts' consensus estimates of $4.56 by ($0.05). The firm had revenue of $22.16 billion during the quarter, compared to analyst estimates of $21.96 billion. FedEx had a return on equity of 15.59% and a net margin of 4.45%. The business's revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.86 EPS. Sell-side analysts expect that FedEx Co. will post 19.14 EPS for the current year.

FedEx Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 10th were given a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date of this dividend was Monday, March 10th. FedEx's dividend payout ratio is presently 34.63%.

About FedEx

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.