Investors sold shares of FedEx Corp. (NYSE:FDX) on strength during trading on Thursday. $33.66 million flowed into the stock on the tick-up and $51.69 million flowed out of the stock on the tick-down, for a money net flow of $18.03 million out of the stock. Of all stocks tracked, FedEx Corp. had the 0th highest net out-flow for the day. FedEx Corp. traded up $0.74 for the day and closed at $167.19

FDX has been the topic of a number of recent research reports. Vetr raised shares of FedEx Corp. from a “hold” rating to a “buy” rating and set a $181.49 price target on the stock in a research report on Monday, April 25th. Zacks Investment Research lowered shares of FedEx Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, May 5th. Barclays PLC raised shares of FedEx Corp. from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $175.00 to $205.00 in a research report on Wednesday, May 4th. Stifel Nicolaus raised their price target on shares of FedEx Corp. from $174.00 to $178.00 and gave the stock a “buy” rating in a research report on Thursday, June 2nd. Finally, Royal Bank Of Canada raised their price target on shares of FedEx Corp. from $158.00 to $174.00 and gave the stock a “sector perform” rating in a research report on Wednesday, June 22nd. Ten equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. FedEx Corp. presently has a consensus rating of “Buy” and a consensus target price of $174.75.

The company has a 50 day moving average price of $160.52 and a 200-day moving average price of $155.93. The company has a market capitalization of $44.39 billion and a price-to-earnings ratio of 25.68.

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

In other FedEx Corp. news, EVP Robert B. Carter sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $164.51, for a total value of $822,550.00. Following the completion of the transaction, the executive vice president now owns 53,399 shares of the company’s stock, valued at approximately $8,784,669.49. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director John A. Edwardson sold 2,882 shares of the business’s stock in a transaction that occurred on Friday, August 5th. The stock was sold at an average price of $162.63, for a total transaction of $468,699.66. Following the completion of the transaction, the director now directly owns 29,090 shares of the company’s stock, valued at approximately $4,730,906.70. The disclosure for this sale can be found here.

Several large investors have made changes to their positions in the company. J. Goldman & Co LP acquired a new stake in shares of FedEx Corp. during the fourth quarter worth $7,934,000. Dimensional Fund Advisors LP raised its stake in shares of 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 last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of FedEx Corp. by 3.2% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 894,063 shares of the shipping service provider’s stock worth $133,207,000 after buying an additional 28,003 shares during the last quarter. Suntrust Banks Inc. raised its stake in shares of FedEx Corp. by 18.0% in the fourth quarter. Suntrust Banks Inc. now owns 75,362 shares of the shipping service provider’s stock worth $11,227,000 after buying an additional 11,470 shares during the last quarter. Finally, RS Investment Management Co. LLC raised its stake in shares of FedEx Corp. by 44.8% in the fourth quarter. RS Investment Management Co. LLC now owns 33,690 shares of the shipping service provider’s stock worth $5,019,000 after buying an additional 10,430 shares during the last quarter.

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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