Traders sold shares of FedEx Corp. (NYSE:FDX) on strength during trading hours on Friday. $49.86 million flowed into the stock on the tick-up and $65.65 million flowed out of the stock on the tick-down, for a money net flow of $15.79 million out of the stock. Of all equities tracked, FedEx Corp. had the 0th highest net out-flow for the day. FedEx Corp. traded up $1.44 for the day and closed at $168.63

Several equities research analysts have recently commented on FDX shares. Cowen and Company reissued a “buy” rating and issued a $180.00 price objective on shares of FedEx Corp. in a report on Saturday, June 18th. Zacks Investment Research downgraded FedEx Corp. from a “buy” rating to a “hold” rating in a report on Thursday, May 5th. Vetr raised FedEx Corp. from a “buy” rating to a “strong-buy” rating and set a $187.36 price objective for the company in a report on Wednesday, May 4th. Barclays PLC raised FedEx Corp. from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $175.00 to $205.00 in a report on Wednesday, May 4th. Finally, Deutsche Bank AG increased their price objective on FedEx Corp. from $190.00 to $198.00 and gave the company a “buy” rating in a report on Thursday, June 23rd. Ten analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. FedEx Corp. presently has a consensus rating of “Buy” and an average price target of $174.75.

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

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

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

In related news, CEO Michael L. Ducker sold 5,000 shares of the stock in a transaction dated Friday, July 22nd. The stock was sold at an average price of $158.43, for a total transaction of $792,150.00. Following the sale, the chief executive officer now owns 56,265 shares of the company’s stock, valued at approximately $8,914,063.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John A. Edwardson sold 2,882 shares of the stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $162.63, for a total value of $468,699.66. Following the sale, 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 hedge funds recently modified their holdings of FDX. Dimensional Fund Advisors LP boosted 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 period. Schwab Charles Investment Management Inc. boosted 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 period. Cedar Hill Associates LLC boosted its stake 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 worth $13,938,000 after buying an additional 4,566 shares during the period. Redwood Investments LLC boosted its stake in shares of 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, RS Investment Management Co. LLC boosted 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 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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