FedEx Corporation (FDX) Shares Sold by Bank of Montreal Can

FedEx Corporation (FDX) Shares Sold by Bank of Montreal Can”

They expect $3.17 EPS, up 8.52% or $0.27 from last year's $2.9 per share. Advisor Partners LLC's holdings in FedEx Corporation were worth $1,078,000 as of its most recent SEC filing.

Two analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-one have given a buy rating to the company's stock. BlackRock Inc. lifted its stake in shares of FedEx Corporation by 1,912.1% in the 1st quarter. Hefty Wealth Partners now owns 630 shares of the shipping service provider's stock worth $136,000 after buying an additional 130 shares during the last quarter. Brick & Kyle Associates lifted its stake in FedEx Corporation by 1.5% in the 1st quarter. Atalanta Sosnoff Capital LLC now owns 208,111 shares of the shipping service provider's stock valued at $40,612,000 after buying an additional 36,459 shares during the period. Atalanta Sosnoff Capital LLC raised its stake in FedEx by 21.2% in the first quarter. Vanguard Group Inc. lifted its stake in shares of FedEx Corporation by 5.4% in the 1st quarter. Private Trust Co. NA lifted its stake in shares of FedEx Corporation by 2.6% during the 2nd quarter. The firm owned 176,512 shares of the shipping service provider's stock after buying an additional 18,797 shares during the period.

In related news, insider Henry J. Maier sold 12,580 shares of the firm's stock in a transaction dated Thursday, June 22nd. Heading into FedEx earnings, the options market is pricing in a one-day swing of 5.5% for Wednesday's trading. Following the completion of the transaction, the chief executive officer now directly owns 29,148 shares of the company's stock, valued at approximately $6,150,228. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Kim Jabal sold 609 shares of the firm's stock in a transaction that occurred on Thursday, June 29th. Also, Director Paul S. Walsh sold 4,400 shares of FedEx stock in a transaction that occurred on Friday, April 7th.

FedEx said it earned $2.19 a share in the quarter, down from $2.65 a share, in the year-ago period. The disclosure for this sale can be found here. The company announced last month that it would not be charging customers an extra holiday shipping fee like it did a year ago.

FDX has been the topic of several research reports. Finally, Vetr lowered shares of FedEx Corporation from a hold rating to a sell rating and set a $206.26 price objective on the a research note on Monday, June 26th. Barclays PLC reiterated an "overweight" rating and set a $230.00 price target on shares of FedEx in a report on Monday, March 20th. FedEx Corporation makes up 2.7% of AMI Asset Management Corp's portfolio, making the stock its 9th largest position.

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FedEx Corporation (NYSE:FDX) opened at 215.08 on Tuesday. FedEx Corporation has a 12 month low of $161.65 and a 12 month high of $219.99. The company's 50-day moving average price is $209.94 and its 200-day moving average price is $202.20.

FedEx Corporation (NYSE:) shares fell during Tuesday's post-bell session after the company reported fiscal below expectations, saying the quarter offered "significantly operational challenges" due to a cyberattack and Hurricane Harvey. FedEx Corporation had a return on equity of 22.19% and a net margin of 4.97%.

Revenue rose to $15.3 billion in the quarter, from $14.7 billion a year ago, and was slightly below the analyst forecast for $15.35 billion.

In terms of earnings per share, 19 analysts have a 2.62 EPS mean target for the quarter ending Feb-17, for the quarter ending May-17, 19 analysts have a 3.88 EPS mean target and for the quarter ending May-17 there are 24 estimates of 11.95 EPS.

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