FedEx Corporation (NYSE:FDX) had declared a cash dividend of $0.4000 on Aug 19, 2016. The shares will quote ex-dividend on Sep 8, 2016 and the record date has been fixed for Sep 12, 2016. On Aug 19, 2016 share price, the yield comes out to be 0.9570%. The dividend payable date has been fixed on Oct 3, 2016.
In a different note, On Jun 2, 2016, Stifel Nicolaus said it Maintains its rating on FedEx Corporation. In the research note, the firm Raises the price-target to $174.00 per share. The shares have been rated ‘Buy’ by the firm.
FedEx Corporation (FDX) made into the market gainers list on Mondays trading session with the shares advancing 0.13% or 0.22 points. Due to strong positive momentum, the stock ended at $165.17, which is also near the day’s high of $165.89. The stock began the session at $165.43 and the volume stood at 11,85,230 shares. The 52-week high of the shares is $169.57 and the 52 week low is $119.71. The company has a current market capitalization of $43,857 M and it has 26,55,24,320 shares in outstanding.
FedEx Corporation(FDX) last announced its earnings results on Jun 21, 2016 for Fiscal Year 2016 and Q4.Company reported revenue of $12.98B. Analysts had an estimated revenue of $12.77B. Earnings per share were $3.30. Analysts had estimated an EPS of $3.29.
Several Insider Transactions has been reported to the SEC. On Aug 11, 2016, Robert B Carter (EVP Chief Info Officer) sold 5,000 shares at $164.51 per share price.Also, On Aug 9, 2016, John A Edwardson (director) sold 2,882 shares at $162.63 per share price.On Aug 4, 2016, Alan B Jr Graf (EVP CHIEF FINANCIAL OFF) sold 7,400 shares at $159.43 per share price, according to the Form-4 filing with the securities and exchange commission.
FedEx Corporation (FedEx) provides a portfolio of transportation e-commerce and business services under the FedEx brand. The Company offers its services through companies constituting four business segments: FedEx Express FedEx Ground FedEx Freight and FedEx Services. FedEx Express offers a range of domestic and international shipping services for delivery of packages and freight. FedEx Ground provides business and residential money-back guaranteed ground package delivery services. FedEx Freight offers less-than-truckload (LTL) freight services. FedEx Services provides FedExs other companies with sales marketing information technology communications customer service and certain other back-office support. The Companys subsidiaries include Federal Express Corporation FedEx Trade Networks Inc. FedEx Ground Package System Inc. FedEx SmartPost Inc. FedEx Corporate Services Inc. and GENCO Distribution System Inc. among others.