FedEx Corporation Has Another Very Positive Options Trading Session

 FedEx Corporation Has Another Very Positive Options Trading Session

In today’s session FedEx Corporation (FDX) registered an unusually high (329) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious FDX increase. With 329 contracts traded and 35644 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: FDX161021C00170000 closed last at: $2.43 or 44.8% down. About 745,481 shares traded hands. FedEx Corporation (NYSE:FDX) has risen 18.87% since March 14, 2016 and is uptrending. It has outperformed by 13.26% 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. FedEx has been the topic of 41 analyst reports since August 14, 2015 according to StockzIntelligence Inc. The company was maintained on Thursday, September 17 by Oppenheimer. The firm has “Buy” rating by UBS given on Thursday, March 17. Zacks downgraded the stock to “Hold” rating in Monday, August 24 report. The rating was initiated by Morgan Stanley on Tuesday, February 23 with “Equal-Weight”. Citigroup maintained the stock with “Buy” rating in Thursday, March 17 report. The stock has “Overweight” rating given by Barclays Capital on Wednesday, May 4. Stifel Nicolaus maintained the shares of FDX in a report on Thursday, June 2 with “Buy” rating. Citigroup maintained FedEx Corporation (NYSE:FDX) on Thursday, May 19 with “Buy” rating. Barclays Capital maintained FedEx Corporation (NYSE:FDX) rating on Monday, November 2. Barclays Capital has “Equal Weight” rating and $175 price target. The company was maintained on Thursday, September 17 by Cowen & Co.

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 dropped, 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.
Mu Invests Ltd has 0.15% invested in the company for 1,440 shares. Freestone Cap Ltd Liability Com reported 4,918 shares or 0.07% of all its holdings. Korea Investment Corporation has invested 0.13% of its portfolio in FedEx Corporation (NYSE:FDX). Davidson Advisors holds 23,250 shares or 0.59% of its portfolio. Suffolk Mgmt Ltd Llc last reported 80,196 shares in the company. Cetera Advisor Lc has 6,211 shares for 0.05% of their US portfolio. 1St Advsrs Inc reported 4,762 shares or 0.1% of all its holdings. Cwm Ltd has 381 shares for 0% of their US portfolio. Westport Advisers Ltd Liability Com last reported 122,500 shares in the company. Beese Fulmer Management, a Ohio-based fund reported 1,319 shares. Macquarie Gp Ltd last reported 35,513 shares in the company. New York State Common Retirement Fund last reported 800,295 shares in the company. Eads Heald Invest Counsel has invested 0.27% of its portfolio in FedEx Corporation (NYSE:FDX). Ubs Oconnor Lc holds 0% or 9,460 shares in its portfolio. Moreover, Counselors Inc has 0.32% invested in FedEx Corporation (NYSE:FDX) for 35,515 shares.

Insider Transactions: Since April 21, 2016, the stock had 0 insider buys, and 9 selling transactions for $61.46 million net activity. CARTER ROBERT B also sold $822,570 worth of FedEx Corporation (NYSE:FDX) on Thursday, August 11. Another trade for 80,080 shares valued at $13.90 million was sold by RICHARDS CHRISTINE P. SMITH FREDERICK W had sold 200,000 shares worth $33.23M on Thursday, April 21. On Friday, August 5 the insider EDWARDSON JOHN A sold $468,697. DUCKER MICHAEL L also sold $792,125 worth of FedEx Corporation (NYSE:FDX) on Friday, July 22. Shares for $920,874 were sold by Maier Henry J. The insider GRAF ALAN B JR sold $1.18M.

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 $45.44 billion. The Company’s divisions include FedEx Express, TNT Express, FedEx Ground, FedEx Freight and FedEx Services. It has a 25.39 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 Equitiesfocus.com‘s news article titled: “PEG Ratio Of FedEx Corporation (NYSE:FDX) At 1.3300” with publication date: October 17, 2016.

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