FedEx Corp. (NYSE:FDX)’s share price dropped 1.4% on Thursday . The company traded as low as $165.20 and last traded at $165.81, with a volume of 616,899 shares. The stock had previously closed at $168.23.

A number of equities analysts have commented on the company. Zacks Investment Research lowered FedEx Corp. from a “buy” rating to a “hold” rating in a research note on Monday, May 30th. Royal Bank Of Canada raised their price objective on FedEx Corp. from $158.00 to $174.00 and gave the stock a “sector perform” rating in a research note on Wednesday, June 22nd. Deutsche Bank AG raised their price objective on FedEx Corp. from $190.00 to $198.00 and gave the stock a “buy” rating in a research note on Thursday, June 23rd. Morgan Stanley restated a “hold” rating on shares of FedEx Corp. in a research note on Monday, June 6th. Finally, Stifel Nicolaus restated a “buy” rating and set a $179.00 price objective (up previously from $178.00) on shares of FedEx Corp. in a research note on Wednesday, June 22nd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and fifteen have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $174.75.

The company’s 50 day moving average price is $162.05 and its 200 day moving average price is $157.15. The stock has a market capitalization of $43.95 billion and a price-to-earnings ratio of 25.43.

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

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Monday, September 12th will be given a dividend of $0.40 per share. The ex-dividend date is Thursday, September 8th. This represents a $1.60 annualized dividend and a yield of 0.97%.

In other FedEx Corp. news, EVP Robert B. Carter sold 5,000 shares of the company’s stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $164.51, for a total transaction of $822,550.00. Following the completion of the sale, the executive vice president now directly owns 53,399 shares in the company, valued at $8,784,669.49. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Alan B. Graf, Jr. sold 7,400 shares of the company’s stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $159.43, for a total transaction of $1,179,782.00. Following the sale, the executive vice president now owns 150,665 shares of the company’s stock, valued at $24,020,520.95. The disclosure for this sale can be found here.

Several hedge funds have recently bought and sold shares of the company. Ameriprise Financial Inc. raised its stake in FedEx Corp. by 9.2% in the fourth quarter. Ameriprise Financial Inc. now owns 2,043,584 shares of the shipping service provider’s stock worth $304,484,000 after buying an additional 171,874 shares in the last quarter. Dimensional Fund Advisors LP raised its stake 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 in the last quarter. Schwab Charles Investment Management Inc. raised its stake in 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 in the last quarter. RS Investment Management Co. LLC raised its stake in 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 in the last quarter. Finally, Redwood Investments LLC raised its stake 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 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.