FedEx Corporation’s Stock Is Sell After Today’s Bearish Options Activity

 FedEx Corporation's Stock Is Sell After Today's Bearish Options Activity

In today’s session FedEx Corporation (FDX) recorded an unusually high (1,724) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious FDX decrease. With 1,724 contracts traded and 3224 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: FDX161216P00160000 closed last at: $2.2 or 9.5% up. About 114,021 shares traded hands. FedEx Corporation (NYSE:FDX) has risen 19.25% since March 7, 2016 and is uptrending. It has outperformed by 11.66% the S&P500.

FedEx Corporation (NYSE:FDX) Ratings Coverage

Out of 23 analysts covering FedEx (NYSE:FDX), 11 rate it a “Buy”, 1 “Sell”, while 11 “Hold”. This means 48% are positive. $206.0 is the highest target while $15.50 is the lowest. The $160.92 average target is -7.62% below today’s ($174.19) stock price. FedEx has been the topic of 41 analyst reports since August 14, 2015 according to StockzIntelligence Inc. The stock of FedEx Corporation (NYSE:FDX) earned “Mkt Perform” rating by Raymond James on Monday, December 14. The stock has “Sell” rating given by Zacks on Monday, September 7. Citigroup maintained FedEx Corporation (NYSE:FDX) rating on Thursday, March 17. Citigroup has “Buy” rating and $180 price target. The stock of FedEx Corporation (NYSE:FDX) earned “Buy” rating by Stifel Nicolaus on Monday, February 22. Credit Suisse maintained the shares of FDX in a report on Tuesday, March 15 with “Outperform” rating. The stock of FedEx Corporation (NYSE:FDX) has “Overweight” rating given on Wednesday, May 4 by Barclays Capital. The rating was maintained by Goldman Sachs on Thursday, September 17 with “Conviction-Buy”. The firm earned “Buy” rating on Wednesday, September 21 by Stifel Nicolaus. The rating was maintained by Citigroup with “Buy” on Friday, August 14. UBS maintained the stock with “Buy” rating in Friday, June 3 report.

According to Zacks Investment Research, “FedEx Corporation is a global transportation and logistics enterprise that offers customers a one-stop source for global shipping, logistics and supply chain solutions. Services offered by FedEx companies include worldwide express delivery, ground small-parcel delivery, less-than-truckload freight delivery and global logistics, supply chain management and electronic commerce solutions.”

Insitutional Activity: The institutional sentiment decreased to 0.82 in 2016 Q2. Its down 0.21, from 1.03 in 2016Q1. The ratio turned negative, as 66 funds sold all FedEx Corporation shares owned while 373 reduced positions. 75 funds bought stakes while 285 increased positions. They now own 192.17 million shares or 6.59% less from 205.72 million shares in 2016Q1.
The Korea-based Korea Invest Corp has invested 0.13% in FedEx Corporation (NYSE:FDX). Capital Fund Management reported 273,000 shares or 0.39% of all its holdings. Nomura Asset Management reported 34,961 shares or 0.1% of all its holdings. The New Jersey-based Condor Management has invested 0.38% in FedEx Corporation (NYSE:FDX). Cap One Natl Association has invested 0.06% of its portfolio in FedEx Corporation (NYSE:FDX). The Nebraska-based Bridges Investment Counsel Incorporated has invested 0.68% in FedEx Corporation (NYSE:FDX). Mizuho Tru And Bk Limited accumulated 0.25% or 534,611 shares. Advantus Mgmt owns 24,412 shares or 0.1% of their US portfolio. Univest Corp Of Pennsylvania last reported 19,649 shares in the company. Pacific Investment Mgmt last reported 0.32% of its portfolio in the stock. Westpac holds 0% of its portfolio in FedEx Corporation (NYSE:FDX) for 15,021 shares. Nordea Inv Mngmt has 256,069 shares for 0.11% of their US portfolio. Covey Capital Ltd has 93,019 shares for 7.72% of their US portfolio. Dorsey And Whitney Com Limited Com holds 0.1% or 2,993 shares in its portfolio. Next Grp holds 0.22% or 4,644 shares in its portfolio.

Insider Transactions: Since April 21, 2016, the stock had 0 insider buys, and 8 selling transactions for $47.56 million net activity. The insider Maier Henry J sold $920,874. The insider BRONCZEK DAVID J sold $5.76 million. The insider CARTER ROBERT B sold 24,784 shares worth $4.39M. On Tuesday, August 2 GRAF ALAN B JR sold $1.18 million worth of the stock or 7,400 shares. Another trade for 2,882 shares valued at $468,697 was sold by EDWARDSON JOHN A. DUCKER MICHAEL L had sold 5,000 shares worth $792,125 on Friday, July 22. SMITH FREDERICK W sold 200,000 shares worth $33.23 million.

FedEx Corporation provides a portfolio of transportation, e-commerce and business services through companies competing collectively, operating independently and managed collaboratively, under the FedEx brand. The company has a market cap of $46.27 billion. The Company’s divisions include FedEx Express, TNT Express, FedEx Ground, FedEx Freight and FedEx Services. It has a 25.87 P/E ratio. The FedEx Express segment offers a range of the United States domestic and international shipping services for delivery of packages and freight.

FDX Company Profile

FedEx Corporation (FedEx), incorporated on October 2, 1997, provides a portfolio of transportation, e-commerce and business services through companies competing collectively, operating independently and managed collaboratively, under the FedEx brand. The Company’s divisions include FedEx Express, TNT Express, FedEx Ground, FedEx Freight and FedEx Services. The FedEx Express segment offers a range of the United States domestic and international shipping services for delivery of packages and freight. TNT Express segment collects, transports and delivers documents, parcels and freight on a day-definite or time-definite basis. The FedEx Ground segment provides business and residential money-back guaranteed ground package delivery services. The FedEx Freight segment offers less-than-truckload (LTL) freight services. The FedEx Services segment provides the Company’s other companies with sales, marketing, information technology, communications, customer service and other back-office support.

More notable recent FedEx Corporation (NYSE:FDX) news were published by: Fool.com which released: “FedEx Corporation’s Earnings: What They Mean for UPS Investors” on October 06, 2016, also Fool.com with their article: “Why United Parcel Service and FedEx Corporation Are Hiking Prices” published on October 01, 2016, Fool.com published: “FedEx Corporation Delivers on All Fronts” on September 22, 2016. More interesting news about FedEx Corporation (NYSE:FDX) were released by: Businesswire.com and their article: “FedEx Corp. Reports Higher First Quarter Earnings” published on September 20, 2016 as well as Investorplace.com‘s news article titled: “Why Microsoft Corporation (MSFT), Adobe Systems Incorporated (ADBE) and FedEx …” with publication date: September 21, 2016.

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