FedEx Corp. EVP Unloads $1,027,971 in Stock (FDX)
FedEx Corp. (NYSE:FDX) EVP Robert Carter sold 8,842 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $116.26, for a total transaction of $1,027,970.92. Following the transaction, the executive vice president now directly owns 40,760 shares in the company. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on FDX shares. Analysts at Robert W. Baird raised their price target on shares of FedEx Corp. (NYSE:FDX) from $116.00 to $126.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. Separately, analysts at RBC Capital raised their price target on shares of FedEx Corp. (NYSE:FDX) from $95.00 to $105.00 in a research note to investors on Thursday. They now have an “underperform” rating on the stock. Finally, analysts at Sanford C. Bernstein raised their price target on shares of FedEx Corp. (NYSE:FDX) from $102.00 to $122.00 in a research note to investors on Thursday. They now have a “market perform” rating on the stock.
One analyst has rated the stock with a sell rating, twelve have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $116.16.
FedEx Corp. (NYSE:FDX) remained flat at $116.83 during trading on Friday. 2,626,225 shares of the company’s stock traded hands. FedEx Corp. has a 1-year low of $83.92 and a 1-year high of $118.31. The stock’s 50-day moving average is $109.5 and its 200-day moving average is $102.1. The company has a market cap of $36.987 billion and a price-to-earnings ratio of 23.79. FedEx Corp. also was the target of some unusual options trading activity on Tuesday. Stock investors acquired 7,226 put options on the stock. This represents an increase of 242% compared to the average volume of 2,110 put options.
FedEx Corp. (NYSE:FDX) last issued its quarterly earnings data on Wednesday, September 18th. The company reported $1.53 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.51 by $0.02. The company had revenue of $11.00 billion for the quarter, compared to the consensus estimate of $10.97 billion. During the same quarter in the prior year, the company posted $1.45 earnings per share. The company’s quarterly revenue was up 10.0% on a year-over-year basis. On average, analysts predict that FedEx Corp. will post $6.98 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, October 1st. Stockholders of record on Tuesday, September 10th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend is Friday, September 6th.
FedEx Corporation (NYSE:FDX) is a holding company.
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