Banco Bilbao Vizcaya Argentaria S.A. Raises Holdings in FedEx Corporation $FDX

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. increased its FedEx holdings by 17.5% in Q1, owning approximately 31,963 shares valued at $7.78 million.
• FedEx has received various price target adjustments from analysts, with forecasts ranging from $260 to $295, contributing to a consensus rating of "Moderate Buy".
• The company declared a quarterly dividend of $1.45 per share, yielding 2.5%, with a payout ratio of 34.36%.

Banco Bilbao Vizcaya Argentaria S.A. grew its position in shares of FedEx Corporation (NYSE:FDX - Free Report) by 17.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,963 shares of the shipping service provider's stock after acquiring an additional 4,750 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in FedEx were worth $7,784,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of FDX. Nuveen LLC bought a new stake in shares of FedEx during the first quarter valued at approximately $314,650,000. ACR Alpine Capital Research LLC increased its holdings in shares of FedEx by 85.9% during the first quarter. ACR Alpine Capital Research LLC now owns 1,585,033 shares of the shipping service provider's stock valued at $386,399,000 after acquiring an additional 732,266 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of FedEx by 18,202.1% during the first quarter. GAMMA Investing LLC now owns 545,586 shares of the shipping service provider's stock valued at $133,003,000 after acquiring an additional 542,605 shares in the last quarter. Worldquant Millennium Advisors LLC increased its holdings in shares of FedEx by 276.1% during the fourth quarter. Worldquant Millennium Advisors LLC now owns 433,789 shares of the shipping service provider's stock valued at $122,038,000 after acquiring an additional 318,448 shares in the last quarter. Finally, Freestone Grove Partners LP bought a new stake in shares of FedEx during the fourth quarter valued at approximately $86,960,000. Institutional investors own 84.47% of the company's stock.

Insider Buying and Selling at FedEx

In other news, Director R Brad Martin sold 2,123 shares of the company's stock in a transaction on Monday, July 7th. The stock was sold at an average price of $241.75, for a total transaction of $513,235.25. Following the transaction, the director owned 8,935 shares of the company's stock, valued at $2,160,036.25. This represents a 19.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Paul S. Walsh sold 3,610 shares of the company's stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $238.29, for a total value of $860,226.90. Following the transaction, the director directly owned 15,513 shares in the company, valued at $3,696,592.77. This represents a 18.88% decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,343 shares of company stock worth $2,228,816 in the last quarter. 8.87% of the stock is currently owned by company insiders.

FedEx Stock Performance

NYSE:FDX traded up $10.9110 during trading on Friday, reaching $236.1910. The company's stock had a trading volume of 1,749,766 shares, compared to its average volume of 1,901,417. The firm has a market cap of $55.73 billion, a price-to-earnings ratio of 13.99, a price-to-earnings-growth ratio of 1.23 and a beta of 1.30. 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 50 day moving average of $229.94 and a 200-day moving average of $230.84. FedEx Corporation has a 12 month low of $194.29 and a 12 month high of $308.53.

FedEx (NYSE:FDX - Get Free Report) last announced its quarterly earnings data on Tuesday, June 24th. The shipping service provider reported $6.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.98 by $0.09. The firm had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $21.86 billion. FedEx had a return on equity of 16.34% and a net margin of 4.65%.During the same quarter in the prior year, the company earned $5.41 EPS. FedEx has set its Q1 2026 guidance at 3.400-4.000 EPS. Research analysts expect that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 8th will be paid a $1.45 dividend. This represents a $5.80 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Monday, September 8th. FedEx's dividend payout ratio is 34.36%.

Wall Street Analysts Forecast Growth

FDX has been the subject of several recent research reports. Barclays restated an "overweight" rating and set a $320.00 price objective (down previously from $330.00) on shares of FedEx in a report on Wednesday, June 25th. Dbs Bank upgraded FedEx from a "hold" rating to a "moderate buy" rating in a report on Thursday. BMO Capital Markets decreased their price target on FedEx from $275.00 to $260.00 and set a "market perform" rating for the company in a report on Monday, May 19th. TD Cowen decreased their price target on FedEx from $310.00 to $269.00 and set a "buy" rating for the company in a report on Wednesday, June 25th. Finally, Wall Street Zen downgraded FedEx from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, FedEx has a consensus rating of "Moderate Buy" and an average price target of $283.13.

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.