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 several recent research reports. Cowen and Company reaffirmed a “buy” rating and set a $180.00 target price on shares of FedEx Corp. in a report on Saturday, June 18th. Vetr raised shares of FedEx Corp. from a “buy” rating to a “strong-buy” rating and set a $179.94 target price on the stock in a report on Tuesday, August 2nd. Citigroup Inc. reaffirmed a “buy” rating and set a $200.00 target price (up from $180.00) on shares of FedEx Corp. in a report on Thursday, May 19th. Robert W. Baird reaffirmed a “buy” rating and set a $176.00 target price on shares of FedEx Corp. in a report on Thursday, June 23rd. Finally, Zacks Investment Research raised shares of FedEx Corp. from a “hold” rating to a “buy” rating and set a $184.00 target price on the stock in a report on Thursday, June 2nd. Ten research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $174.75.

The company has a market capitalization of $44.78 billion and a PE ratio of 25.90. The firm’s 50 day moving average is $161.00 and its 200-day moving average is $156.19.

FedEx Corp. (NYSE:FDX) last posted its quarterly earnings data on Tuesday, June 21st. The shipping service provider reported $3.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.28 by $0.02. During the same quarter last year, the firm posted $2.66 earnings per share. The business earned $12.98 billion during the quarter. The company’s revenue was up 7.1% compared to the same quarter last year. On average, analysts predict that FedEx Corp. will post $11.94 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Monday, September 12th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.95%.

In other FedEx Corp. news, CEO Michael L. Ducker sold 5,000 shares of FedEx Corp. stock in a transaction that occurred on Friday, July 22nd. The shares were sold at an average price of $158.43, for a total transaction of $792,150.00. Following the transaction, the chief executive officer now owns 56,265 shares of the company’s stock, valued at $8,914,063.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John A. Edwardson sold 2,882 shares of FedEx Corp. stock in a transaction that occurred on Friday, August 5th. The shares were sold at an average price of $162.63, for a total transaction of $468,699.66. Following the transaction, the director now directly owns 29,090 shares in the company, valued at approximately $4,730,906.70. The disclosure for this sale can be found here.

A number of institutional investors have recently modified their holdings of the stock. Pittenger & Anderson Inc. increased its position in shares of FedEx Corp. by 1.6% in the fourth quarter. Pittenger & Anderson Inc. now owns 14,385 shares of the shipping service provider’s stock valued at $2,143,000 after buying an additional 231 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of FedEx Corp. by 8.4% in the fourth quarter. Victory Capital Management Inc. now owns 24,567 shares of the shipping service provider’s stock valued at $3,660,000 after buying an additional 1,907 shares in the last quarter. Dimensional Fund Advisors LP increased its position 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 valued at $292,984,000 after buying an additional 29,623 shares in the last quarter. Cedar Hill Associates LLC increased its position in shares of 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 valued at $13,938,000 after buying an additional 4,566 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position 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 valued at $133,207,000 after buying an additional 28,003 shares in 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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