Banco Bilbao Vizcaya Argentaria S.A. Has $5.22 Million Position in FedEx Corporation $FDX

Banco Bilbao Vizcaya Argentaria S.A. trimmed its stake in shares of FedEx Corporation (NYSE:FDX) by 28.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,973 shares of the shipping service provider’s stock after selling 8,990 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in FedEx were worth $5,222,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. NewSquare Capital LLC increased its holdings in shares of FedEx by 121.8% during the second quarter. NewSquare Capital LLC now owns 122 shares of the shipping service provider’s stock worth $28,000 after buying an additional 67 shares in the last quarter. WPG Advisers LLC bought a new stake in FedEx during the 1st quarter worth $43,000. Cary Street Partners Investment Advisory LLC increased its holdings in FedEx by 60.7% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 188 shares of the shipping service provider’s stock worth $46,000 after purchasing an additional 71 shares in the last quarter. Motco increased its holdings in FedEx by 61.8% in the 1st quarter. Motco now owns 267 shares of the shipping service provider’s stock worth $65,000 after purchasing an additional 102 shares in the last quarter. Finally, Rise Advisors LLC raised its position in FedEx by 21.0% in the first quarter. Rise Advisors LLC now owns 340 shares of the shipping service provider’s stock valued at $83,000 after purchasing an additional 59 shares during the last quarter. Institutional investors own 84.47% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on FDX shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of FedEx in a research note on Friday, October 31st. HSBC boosted their target price on shares of FedEx from $230.00 to $235.00 in a report on Friday, September 19th. Stifel Nicolaus dropped their price target on shares of FedEx from $308.00 to $296.00 and set a “buy” rating for the company in a research note on Wednesday, September 17th. Vertical Research cut their price target on shares of FedEx from $280.00 to $275.00 in a report on Friday, September 19th. Finally, Jefferies Financial Group boosted their price objective on shares of FedEx from $275.00 to $280.00 and gave the stock a “buy” rating in a research note on Friday, September 19th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, FedEx presently has an average rating of “Moderate Buy” and a consensus target price of $276.08.

FedEx Trading Up 0.2%

FDX opened at $267.79 on Friday. FedEx Corporation has a twelve month low of $194.29 and a twelve month high of $308.53. The company has a fifty day moving average of $241.43 and a 200-day moving average of $231.79. The stock has a market cap of $63.19 billion, a PE ratio of 15.63, a price-to-earnings-growth ratio of 1.49 and a beta of 1.31. The company has a quick ratio of 1.21, a current ratio of 1.25 and a debt-to-equity ratio of 0.73.

FedEx (NYSE:FDX) last issued its quarterly earnings results on Thursday, September 18th. The shipping service provider reported $3.83 EPS for the quarter, beating analysts’ consensus estimates of $3.71 by $0.12. FedEx had a net margin of 4.65% and a return on equity of 16.33%. The business had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $21.74 billion. During the same quarter in the prior year, the firm posted $3.60 earnings per share. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. On average, sell-side analysts predict that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Company 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.