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FedEx Corp. (NYSE:FDX) VP John L. Merino sold 11,016 shares of FedEx Corp. stock on the open market in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $141.24, for a total transaction of $1,555,899.84. Following the completion of the sale, the vice president now directly owns 22,718 shares of the company’s stock, valued at approximately $3,208,690. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of FedEx Corp. (NYSE:FDX) traded up 1.17% during mid-day trading on Tuesday, hitting $142.15. 2,508,976 shares of the company’s stock traded hands. FedEx Corp. has a 52-week low of $90.61 and a 52-week high of $144.39. The stock’s 50-day moving average is $140.3 and its 200-day moving average is $122.1. The company has a market cap of $44.383 billion and a price-to-earnings ratio of 27.16.

FedEx Corp. (NYSE:FDX) last announced its earnings results on Wednesday, December 18th. The company reported $1.57 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.63 by $0.06. The company had revenue of $11.40 billion for the quarter, compared to the consensus estimate of $11.43 billion. During the same quarter in the prior year, the company posted $1.39 earnings per share. The company’s quarterly revenue was up 2.6% on a year-over-year basis. Analysts expect that FedEx Corp. will post $7.01 EPS for the current fiscal year.

FDX has been the subject of a number of recent research reports. Analysts at Susquehanna initiated coverage on shares of FedEx Corp. in a research note to investors on Tuesday, January 14th. They set a “neutral” rating and a $150.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of FedEx Corp. in a research note to investors on Friday, January 10th. They now have a $149.00 price target on the stock. Finally, analysts at Robert W. Baird raised their price target on shares of FedEx Corp. from $160.00 to $167.00 in a research note to investors on Friday, December 27th. They now have an “outperform” rating on the stock. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. FedEx Corp. currently has a consensus rating of “Hold” and a consensus price target of $136.33.

FedEx Corporation (NYSE:FDX) is a holding company.

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