FedEx Corp. (NYSE:FDX) VP John L. Merino sold 10,280 shares of the firm’s stock in a transaction dated Tuesday, November 8th. The stock was sold at an average price of $181.72, for a total transaction of $1,868,081.60. Following the transaction, the vice president now owns 29,722 shares of the company’s stock, valued at approximately $5,401,081.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of FedEx Corp. (NYSE:FDX) opened at 183.69 on Monday. The company has a 50-day moving average of $174.41 and a 200 day moving average of $165.10. The company has a market capitalization of $48.82 billion, a PE ratio of 27.47 and a beta of 1.14. FedEx Corp. has a 52-week low of $119.71 and a 52-week high of $185.00.

FedEx Corp. (NYSE:FDX) last released its quarterly earnings results on Tuesday, September 20th. The shipping service provider reported $2.90 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.81 by $0.09. The firm earned $14.70 billion during the quarter. FedEx Corp. had a net margin of 3.49% and a return on equity of 21.65%. FedEx Corp.’s revenue was up 19.5% on a year-over-year basis. During the same period in the previous year, the business posted $2.42 EPS. Analysts predict that FedEx Corp. will post $12.16 earnings per share for the current year.

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

A number of brokerages have commented on FDX. Stifel Nicolaus raised their price target on shares of FedEx Corp. from $179.00 to $186.00 and gave the stock a “buy” rating in a research note on Wednesday, September 21st. Oppenheimer Holdings Inc. lifted their target price on shares of FedEx Corp. from $180.00 to $184.00 and gave the company an “outperform” rating in a research note on Wednesday, September 21st. Robert W. Baird reiterated an “outperform” rating and issued a $185.00 target price on shares of FedEx Corp. in a research note on Friday, September 23rd. Sanford C. Bernstein set a $159.00 target price on shares of FedEx Corp. and gave the company a “neutral” rating in a research note on Wednesday, September 21st. Finally, Vetr cut shares of FedEx Corp. from a “strong-buy” rating to a “buy” rating and set a $177.10 target price for the company. in a research note on Wednesday, September 21st. Ten research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. FedEx Corp. currently has an average rating of “Buy” and an average target price of $177.34.

Institutional investors have recently added to or reduced their stakes in the stock. Prudential PLC increased its position in FedEx Corp. by 7.5% in the first quarter. Prudential PLC now owns 45,245 shares of the shipping service provider’s stock valued at $7,362,000 after buying an additional 3,163 shares during the last quarter. Invictus RG acquired a new position in FedEx Corp. during the first quarter valued at about $161,000. Allen Investment Management LLC increased its position in FedEx Corp. by 4.1% in the first quarter. Allen Investment Management LLC now owns 7,043 shares of the shipping service provider’s stock valued at $1,146,000 after buying an additional 279 shares during the last quarter. Bayesian Capital Management LP increased its position in FedEx Corp. by 36.7% in the first quarter. Bayesian Capital Management LP now owns 2,897 shares of the shipping service provider’s stock valued at $471,000 after buying an additional 778 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI increased its position in FedEx Corp. by 56.1% in the first quarter. Zurich Insurance Group Ltd FI now owns 51,407 shares of the shipping service provider’s stock valued at $8,365,000 after buying an additional 18,476 shares during the last quarter. 74.63% of the stock is owned by hedge funds and other institutional investors.

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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