FedEx Corp. (NYSE:FDX) EVP Christine P. Richards sold 80,080 shares of the business’s stock in a transaction dated Monday, October 10th. The shares were sold at an average price of $173.59, for a total value of $13,901,087.20. Following the transaction, the executive vice president now owns 98,620 shares in the company, valued at $17,119,445.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

FedEx Corp. (NYSE:FDX) opened at 174.08 on Wednesday. The company has a market cap of $46.26 billion, a PE ratio of 26.04 and a beta of 1.28. The company has a 50-day moving average of $168.34 and a 200 day moving average of $163.47. FedEx Corp. has a 52-week low of $119.71 and a 52-week high of $177.36.

FedEx Corp. (NYSE:FDX) last released its quarterly earnings results on Tuesday, September 20th. The shipping service provider reported $2.90 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.81 by $0.09. The firm had revenue of $14.70 billion for the quarter. FedEx Corp. had a net margin of 3.49% and a return on equity of 21.65%. The firm’s revenue was up 19.5% compared to the same quarter last year. During the same period in the prior year, the company earned $2.42 earnings per share. Equities research analysts predict that FedEx Corp. will post $12.14 EPS for the current year.

Insider Buying and Selling by Quarter for FedEx Corp. (NYSE:FDX)

The business also recently declared a quarterly dividend, which was paid on Monday, October 3rd. Shareholders of record on Monday, September 12th were issued a $0.40 dividend. The ex-dividend date of this dividend was Thursday, September 8th. This represents a $1.60 annualized dividend and a yield of 0.92%. FedEx Corp.’s dividend payout ratio is currently 23.99%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Raymond James Trust N.A. boosted its position in shares of FedEx Corp. by 3.3% in the third quarter. Raymond James Trust N.A. now owns 6,127 shares of the shipping service provider’s stock valued at $1,070,000 after buying an additional 198 shares in the last quarter. Cobiz Investment Management LLC boosted its position in shares of FedEx Corp. by 35.0% in the third quarter. Cobiz Investment Management LLC now owns 24,318 shares of the shipping service provider’s stock valued at $4,248,000 after buying an additional 6,306 shares in the last quarter. Kelman Lazarov Inc. boosted its position in shares of FedEx Corp. by 1.3% in the third quarter. Kelman Lazarov Inc. now owns 28,671 shares of the shipping service provider’s stock valued at $4,977,000 after buying an additional 373 shares in the last quarter. Advisory Services Network LLC boosted its position in shares of FedEx Corp. by 95.8% in the third quarter. Advisory Services Network LLC now owns 4,328 shares of the shipping service provider’s stock valued at $756,000 after buying an additional 2,118 shares in the last quarter. Finally, Central Bank & Trust Co. boosted its position in shares of FedEx Corp. by 46.4% in the third quarter. Central Bank & Trust Co. now owns 11,483 shares of the shipping service provider’s stock valued at $2,006,000 after buying an additional 3,642 shares in the last quarter. 73.73% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts recently issued reports on the company. Vetr lowered FedEx Corp. from a “buy” rating to a “hold” rating and set a $179.94 price target on the stock. in a research note on Tuesday, September 27th. Robert W. Baird restated an “outperform” rating and set a $185.00 price target on shares of FedEx Corp. in a research note on Friday, September 23rd. Citigroup Inc. restated a “buy” rating on shares of FedEx Corp. in a research note on Thursday, September 22nd. Zacks Investment Research upgraded FedEx Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, September 22nd. Finally, Barclays PLC restated a “top pick” rating on shares of FedEx Corp. in a research note on Wednesday, September 21st. Ten equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $176.59.

About FedEx Corp.

FedEx Corporation (FedEx) provides a portfolio of transportation, e-commerce and business services through companies competing collectively, operating independently and managed collaboratively, under the FedEx brand. The Company’s segments include FedEx Express, TNT Express, FedEx Ground, FedEx Freight and FedEx Services.

5 Day Chart for NYSE:FDX

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