FedEx Corp. (NYSE:FDX) gapped up prior to trading on Friday . The stock had previously closed at $152.14, but opened at $152.60. FedEx Corp. shares last traded at $156.76, with a volume of 845,551 shares traded.

Several equities research analysts have recently weighed in on the stock. Cowen and Company reaffirmed a “buy” rating on shares of FedEx Corp. in a research report on Saturday, March 19th. Robert W. Baird reaffirmed a “buy” rating on shares of FedEx Corp. in a research report on Saturday, March 19th. Royal Bank Of Canada reaffirmed a “hold” rating on shares of FedEx Corp. in a research report on Saturday, March 19th. Deutsche Bank AG reaffirmed a “buy” rating on shares of FedEx Corp. in a research report on Sunday, March 20th. Finally, Stifel Nicolaus upped their price target on shares of FedEx Corp. from $171.00 to $174.00 and gave the stock a “buy” rating in a research report on Thursday, March 17th. Nine research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $179.05.

The stock’s 50-day moving average is $159.30 and its 200-day moving average is $150.90. The company has a market cap of $41.93 billion and a price-to-earnings ratio of 24.00.

FedEx Corp. (NYSE:FDX) last issued its quarterly earnings data on Tuesday, June 21st. The shipping service provider reported $3.30 earnings per share for the quarter, topping the consensus estimate of $3.28 by $0.02. During the same period in the previous year, the company earned $2.66 EPS. The company had revenue of $12.98 billion for the quarter. The company’s revenue was up 7.1% on a year-over-year basis. On average, analysts predict that FedEx Corp. will post $11.94 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 1st. Shareholders of record on Thursday, June 16th were paid a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, June 14th. This is a positive change from FedEx Corp.’s previous quarterly dividend of $0.25. This represents a $1.60 annualized dividend and a yield of 1.02%.

In related news, CEO Frederick W. Smith sold 200,000 shares of the business’s stock in a transaction dated Friday, April 22nd. The shares were sold at an average price of $166.14, for a total value of $33,228,000.00. Following the sale, the chief executive officer now directly owns 15,416,526 shares in the company, valued at approximately $2,561,301,629.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

A number of hedge funds and institutional investors have recently added to or reduced their stakes in FDX. Dimensional Fund Advisors LP raised its position in FedEx Corp. by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,966,459 shares of the shipping service provider’s stock worth $292,984,000 after buying an additional 29,623 shares during the period. Cedar Hill Associates LLC raised its position in FedEx Corp. by 5.1% in the fourth quarter. Cedar Hill Associates LLC now owns 93,550 shares of the shipping service provider’s stock worth $13,938,000 after buying an additional 4,566 shares during the period. Stephens Inc. AR raised its position in FedEx Corp. by 53.4% in the fourth quarter. Stephens Inc. AR now owns 22,909 shares of the shipping service provider’s stock worth $3,413,000 after buying an additional 7,972 shares during the period. Redwood Investments LLC raised its position in FedEx Corp. by 11.5% in the fourth quarter. Redwood Investments LLC now owns 82,672 shares of the shipping service provider’s stock worth $12,317,000 after buying an additional 8,530 shares during the period. Finally, Veritable L.P. raised its position in FedEx Corp. by 5.7% in the fourth quarter. Veritable L.P. now owns 13,780 shares of the shipping service provider’s stock worth $2,053,000 after buying an additional 738 shares during the period.

FedEx Corporation (FedEx) provides a portfolio of transportation, e-commerce and business services under the FedEx brand. The Company offers its services through companies constituting four business segments: FedEx Express, FedEx Ground, FedEx Freight and FedEx Services. FedEx Express offers a range of domestic and international shipping services for delivery of packages and freight.

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