Ally Financial Inc. Has $2.81 Million Stake in FedEx Co. (NYSE:FDX)

Ally Financial Inc. boosted its holdings in shares of FedEx Co. (NYSE:FDX - Free Report) by 150.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 10,000 shares of the shipping service provider's stock after purchasing an additional 6,000 shares during the period. Ally Financial Inc.'s holdings in FedEx were worth $2,813,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of FDX. Vanguard Group Inc. raised its holdings in FedEx by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 20,199,506 shares of the shipping service provider's stock worth $5,682,727,000 after purchasing an additional 56,236 shares in the last quarter. Dodge & Cox grew its holdings in shares of FedEx by 5.6% in the 4th quarter. Dodge & Cox now owns 13,889,624 shares of the shipping service provider's stock worth $3,907,568,000 after acquiring an additional 734,268 shares during the period. Geode Capital Management LLC increased its position in shares of FedEx by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 4,798,797 shares of the shipping service provider's stock valued at $1,350,686,000 after buying an additional 109,006 shares in the last quarter. Franklin Resources Inc. increased its holdings in FedEx by 8.1% during the 4th quarter. Franklin Resources Inc. now owns 4,298,646 shares of the shipping service provider's stock valued at $1,209,338,000 after acquiring an additional 323,115 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in FedEx by 4.1% in the 4th quarter. Invesco Ltd. now owns 3,221,004 shares of the shipping service provider's stock valued at $906,165,000 after buying an additional 127,044 shares in the last quarter. 84.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently weighed in on FDX shares. Stifel Nicolaus cut their target price on shares of FedEx from $364.00 to $354.00 and set a "buy" rating for the company in a research note on Friday, March 21st. Bank of America cut their price target on FedEx from $295.00 to $272.00 and set a "buy" rating for the company in a report on Friday, March 21st. Loop Capital cut FedEx from a "hold" rating to a "sell" rating and decreased their price objective for the stock from $283.00 to $221.00 in a report on Friday, March 21st. Jefferies Financial Group upgraded FedEx from a "hold" rating to a "buy" rating and reduced their target price for the stock from $300.00 to $275.00 in a research report on Monday, March 24th. Finally, Raymond James cut their price objective on shares of FedEx from $320.00 to $290.00 and set an "outperform" rating on the stock in a report on Friday, March 21st. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $298.96.

Insider Transactions at FedEx

In other FedEx news, COO John Alan Smith sold 6,155 shares of the company's stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $243.55, for a total value of $1,499,050.25. Following the transaction, the chief operating officer now owns 23,347 shares in the company, valued at approximately $5,686,161.85. This represents a 20.86 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 8.87% of the stock is currently owned by insiders.

FedEx Stock Performance

Shares of FedEx stock traded up $3.16 on Tuesday, reaching $208.28. 456,452 shares of the company were exchanged, compared to its average volume of 1,923,378. FedEx Co. has a 1-year low of $194.29 and a 1-year high of $313.84. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.19 and a current ratio of 1.23. The firm has a market cap of $49.90 billion, a price-to-earnings ratio of 13.27, a P/E/G ratio of 1.11 and a beta of 1.24. The company's 50-day moving average is $237.90 and its two-hundred day moving average is $263.23.

FedEx (NYSE:FDX - Get Free Report) last released its earnings results on Thursday, March 20th. The shipping service provider reported $4.51 EPS for the quarter, missing the consensus estimate of $4.56 by ($0.05). The company had revenue of $22.16 billion for the quarter, compared to analyst estimates of $21.96 billion. FedEx had a net margin of 4.45% and a return on equity of 15.59%. The firm's quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the business posted $3.86 EPS. As a group, research analysts expect that FedEx Co. will post 19.14 earnings per share for the current fiscal year.

FedEx Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 10th were paid a $1.38 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $5.52 dividend on an annualized basis and a yield of 2.65%. FedEx's dividend payout ratio is currently 34.63%.

About FedEx

FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. It operates through FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services segments. The FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; and time-critical transportation services.