FedEx Co. (NYSE:FDX) has been given a “BBB+” credit rating by Morningstar. The firm’s “BBB+” rating indicates that the company is a moderate default risk. They also gave their stock a four star rating.

In other FedEx news, EVP Alan B. Graf, Jr. sold 33,155 shares of FedEx stock in a transaction dated Friday, December 18th. The stock was sold at an average price of $147.59, for a total transaction of $4,893,346.45. Following the transaction, the executive vice president now owns 154,430 shares of the company’s stock, valued at approximately $22,792,323.70. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Henry J. Maier sold 6,177 shares of FedEx stock in a transaction dated Tuesday, December 22nd. The shares were sold at an average price of $146.43, for a total value of $904,498.11. Following the transaction, the chief executive officer now directly owns 20,857 shares in the company, valued at approximately $3,054,090.51. The disclosure for this sale can be found here.

A hedge fund recently bought a new stake in FedEx stock. Crow Point Partners bought a new stake in shares of FedEx Co. (NYSE:FDX) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The hedge fund bought 1,840 shares of the shipping service provider’s stock, valued at approximately $265,000.

Shares of FedEx (NYSE:FDX) opened at 127.28 on Wednesday. The stock has a market cap of $35.08 billion and a price-to-earnings ratio of 32.64. The stock’s 50 day moving average is $140.13 and its 200-day moving average is $153.57. FedEx has a 1-year low of $119.71 and a 1-year high of $185.19.

FedEx (NYSE:FDX) last issued its quarterly earnings results on Wednesday, December 16th. The shipping service provider reported $2.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.52 by $0.06. During the same period in the prior year, the business posted $2.14 EPS. The company earned $12.50 billion during the quarter, compared to analysts’ expectations of $12.45 billion. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. On average, analysts anticipate that FedEx will post $10.58 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, January 4th. Investors of record on Monday, December 14th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, December 10th. This represents a $1.00 dividend on an annualized basis and a yield of 0.79%.

Other equities research analysts have also recently issued reports about the stock. Robert W. Baird lowered their price objective on shares of FedEx from $187.00 to $182.00 in a research note on Friday, November 6th. Citigroup Inc. reissued a “buy” rating on shares of FedEx in a research note on Tuesday, October 27th. Oppenheimer reissued a “buy” rating on shares of FedEx in a research note on Wednesday, October 21st. TheStreet raised shares of FedEx from a “hold” rating to a “buy” rating in a research note on Tuesday, October 6th. Finally, Stifel Nicolaus raised shares of FedEx from a “hold” rating to a “buy” rating and set a $172.00 price objective on the stock in a research note on Tuesday, October 6th. Eleven analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $182.22.

FedEx Corporation (NYSE:FDX) 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 FedEx’s other companies with sales, marketing, information technology, communications, customer service and certain other back-office support. The Company’s 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.

12 Month Chart for NYSE:FDX

To view more credit ratings from Morningstar, visit www.jdoqocy.comclick-7674909-10651170.

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