FedEx Corporation (NYSE:FDX) Shares Bought by Banco Santander S.A.

Banco Santander S.A. raised its stake in FedEx Corporation (NYSE:FDX - Free Report) by 51.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,448 shares of the shipping service provider's stock after acquiring an additional 1,167 shares during the quarter. Banco Santander S.A.'s holdings in FedEx were worth $841,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of FDX. Transce3nd LLC acquired a new position in FedEx in the fourth quarter valued at approximately $26,000. Accredited Wealth Management LLC acquired a new position in FedEx in the fourth quarter valued at approximately $35,000. Abound Financial LLC acquired a new position in FedEx in the first quarter valued at approximately $38,000. Optiver Holding B.V. purchased a new stake in shares of FedEx in the fourth quarter valued at approximately $39,000. Finally, Ameriflex Group Inc. purchased a new stake in shares of FedEx in the fourth quarter valued at approximately $43,000. 84.47% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director R Brad Martin sold 2,123 shares of the stock in a transaction dated 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 approximately $2,160,036.25. This represents a 19.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Marvin R. Ellison sold 3,610 shares of the stock in a transaction dated Wednesday, July 9th. The stock was sold at an average price of $236.94, for a total value of $855,353.40. Following the transaction, the director directly owned 7,720 shares in the company, valued at approximately $1,829,176.80. The trade was a 31.86% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,343 shares of company stock valued at $2,228,816 in the last quarter. Insiders own 8.87% of the company's stock.

FedEx Stock Performance

Shares of FedEx stock opened at $217.50 on Tuesday. FedEx Corporation has a 52 week low of $194.29 and a 52 week high of $308.53. The business's fifty day simple moving average is $227.86 and its 200-day simple moving average is $234.49. The firm has a market cap of $51.31 billion, a PE ratio of 12.89, a price-to-earnings-growth ratio of 1.13 and a beta of 1.30. The company has a quick ratio of 1.15, a current ratio of 1.19 and a debt-to-equity ratio of 0.68.

FedEx (NYSE:FDX - Get Free Report) last announced its quarterly earnings results on Tuesday, June 24th. The shipping service provider reported $6.07 EPS for the quarter, beating the consensus estimate of $5.98 by $0.09. FedEx had a return on equity of 16.34% and a net margin of 4.65%. The business had revenue of $22.20 billion for the quarter, compared to analyst estimates of $21.86 billion. During the same quarter in the prior year, the company posted $5.41 EPS. Equities analysts forecast that FedEx Corporation will post 19.14 earnings per share for the current year.

FedEx Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 8th. Stockholders of record on Monday, June 23rd were paid a $1.45 dividend. This is a boost from FedEx's previous quarterly dividend of $1.38. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $5.80 annualized dividend and a dividend yield of 2.7%. FedEx's dividend payout ratio is currently 34.36%.

Analysts Set New Price Targets

A number of research firms have recently commented on FDX. JPMorgan Chase & Co. boosted their price objective on FedEx from $260.00 to $290.00 and gave the company an "overweight" rating in a research report on Wednesday, June 25th. Stifel Nicolaus set a $315.00 price objective on FedEx in a research report on Wednesday, June 25th. Susquehanna boosted their price objective on FedEx from $290.00 to $295.00 and gave the company a "positive" rating in a research report on Wednesday, June 25th. Wells Fargo & Company boosted their price objective on FedEx from $220.00 to $235.00 and gave the company an "equal weight" rating in a research report on Wednesday, June 25th. Finally, Sanford C. Bernstein cut their price objective on FedEx from $282.00 to $249.00 and set a "market perform" rating for the company in a research report on Friday, June 13th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $283.25.

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.

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