In today’s session FedEx Corporation (FDX) registered an unusually high (2,184) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious FDX increase. With 2,184 contracts traded and 47744 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: FDX161216C00185000 closed last at: $5.25 or 7.1% up. About 248,033 shares traded hands. FedEx Corporation (NYSE:FDX) has risen 13.60% since April 21, 2016 and is uptrending. It has outperformed by 8.27% the S&P500.
Analysts await FedEx Corporation (NYSE:FDX) to report earnings on December, 20 after the close. They expect $2.91 EPS, up 12.79% or $0.33 from last year’s $2.58 per share. FDX’s profit will be $773.03M for 16.32 P/E if the $2.91 EPS becomes a reality. After $2.90 actual EPS reported by FedEx Corporation for the previous quarter, Wall Street now forecasts 0.34% EPS growth.
FedEx Corporation (NYSE:FDX) Ratings Coverage
Out of 24 analysts covering FedEx (NYSE:FDX), 10 rate it a “Buy”, 1 “Sell”, while 13 “Hold”. This means 42% are positive. FedEx has been the topic of 44 analyst reports since August 14, 2015 according to StockzIntelligence Inc. As per Wednesday, January 20, the company rating was upgraded by Standpoint Research. The rating was downgraded by Standpoint Research on Thursday, March 17 to “Hold”. The firm has “Buy” rating by Stifel Nicolaus given on Monday, February 22. The rating was maintained by Barclays Capital on Monday, November 2 with “Equal Weight”. RBC Capital Markets maintained it with “Sector Perform” rating and $157 target price in Thursday, September 17 report. The rating was maintained by Citigroup with “Buy” on Friday, August 14. On Friday, September 18 the stock rating was maintained by Susquehanna with “Neutral”. The firm has “Buy” rating given on Tuesday, October 6 by Stifel Nicolaus. Credit Suisse maintained the stock with “Outperform” rating in Monday, December 14 report. The rating was downgraded by Wolfe Research to “Peer Perform” on Monday, November 30.
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 increased to 0.93 in 2016 Q2. Its up 0.11, from 0.82 in 2016Q1. The ratio increased, 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.
Bridges Inv holds 0.68% or 23,034 shares in its portfolio. Ridgeworth Capital Management Lc, a Georgia-based fund reported 517,713 shares. Advantus Cap Incorporated owns 24,412 shares or 0.1% of their US portfolio. Pggm, a Netherlands-based fund reported 183,863 shares. Pnc Fincl Grp Incorporated has 125,766 shares for 0.02% of their US portfolio. Westend Cap Management Lc accumulated 8,190 shares or 1.8% of the stock. Ig Inv Ltd holds 0.01% or 24,614 shares in its portfolio. The New York-based Boothbay Fund Management Ltd Company has invested 0.12% in FedEx Corporation (NYSE:FDX). National Bank Of Nova Scotia Trust holds 2,090 shares or 0.04% of its portfolio. Estabrook Cap Mgmt has 6,365 shares for 0% of their US portfolio. The New York-based Kimelman & Baird Limited Liability Corp has invested 0.18% in FedEx Corporation (NYSE:FDX). Alphamark Advsr Ltd Liability Company, a Kentucky-based fund reported 125 shares. Life last reported 468 shares in the company. Utah Retirement Systems holds 0.18% or 45,724 shares in its portfolio. Bill Melinda Gates Foundation Tru last reported 2.73% of its portfolio in the stock.
Insider Transactions: Since July 22, 2016, the stock had 0 buys, and 9 selling transactions for $30.10 million net activity. CARTER ROBERT B also sold $822,570 worth of FedEx Corporation (NYSE:FDX) shares. Shares for $1.18M were sold by GRAF ALAN B JR on Tuesday, August 2. RICHARDS CHRISTINE P had sold 80,080 shares worth $13.90M. EDWARDSON JOHN A had sold 2,882 shares worth $468,697 on Friday, August 5. Maier Henry J had sold 5,213 shares worth $920,874. Another trade for 32,669 shares valued at $5.76 million was sold by BRONCZEK DAVID J. Another trade for 5,000 shares valued at $792,125 was sold by DUCKER MICHAEL L.
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 $50.47 billion. The Company’s divisions include FedEx Express, TNT Express, FedEx Ground, FedEx Freight and FedEx Services. It has a 28.22 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.
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