Ally Financial Inc. Buys 2,000 Shares of FedEx Corporation $FDX

Key Points

• Ally Financial Inc. increased its stake in FedEx Corporation by 20%, acquiring an additional 2,000 shares during the first quarter, bringing its total holdings to 12,000 shares valued at approximately $2.93 million.
• FedEx reported earnings of $6.07 per share for the last quarter, exceeding analysts' expectations, with revenue of $22.20 billion compared to the projected $21.86 billion.
• The company announced a quarterly dividend of $1.45 per share, reflecting an annual yield of 2.5%, with the ex-dividend date set for September 8th.

Ally Financial Inc. grew its position in FedEx Corporation (NYSE:FDX - Free Report) by 20.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,000 shares of the shipping service provider's stock after purchasing an additional 2,000 shares during the quarter. Ally Financial Inc.'s holdings in FedEx were worth $2,925,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Accredited Wealth Management LLC bought a new stake in shares of FedEx in the fourth quarter valued at approximately $35,000. Abound Financial LLC bought a new stake in FedEx during the first quarter worth $38,000. Optiver Holding B.V. bought a new stake in FedEx during the fourth quarter worth $39,000. Ameriflex Group Inc. bought a new stake in FedEx during the fourth quarter worth $43,000. Finally, Cary Street Partners Investment Advisory LLC lifted its stake in FedEx by 60.7% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 188 shares of the shipping service provider's stock worth $46,000 after purchasing an additional 71 shares during the last quarter. Institutional investors and hedge funds own 84.47% of the company's stock.

FedEx Stock Up 0.4%

Shares of FDX traded up $1.01 during trading hours on Wednesday, hitting $232.11. The stock had a trading volume of 1,083,883 shares, compared to its average volume of 1,874,336. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.19 and a quick ratio of 1.15. The firm has a 50 day simple moving average of $230.24 and a 200-day simple moving average of $230.49. The firm has a market capitalization of $54.77 billion, a P/E ratio of 13.75, a price-to-earnings-growth ratio of 1.20 and a beta of 1.30. FedEx Corporation has a 1-year low of $194.29 and a 1-year high of $308.53.

FedEx (NYSE:FDX - Get Free Report) last released its quarterly earnings results on Tuesday, June 24th. The shipping service provider reported $6.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.98 by $0.09. The business had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $21.86 billion. FedEx had a return on equity of 16.34% and a net margin of 4.65%.During the same quarter in the previous year, the business earned $5.41 EPS. FedEx has set its Q1 2026 guidance at 3.400-4.000 EPS. Sell-side analysts predict that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 8th will be paid a dividend of $1.45 per share. The ex-dividend date is Monday, September 8th. This represents a $5.80 dividend on an annualized basis and a yield of 2.5%. FedEx's payout ratio is 34.36%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on FDX shares. UBS Group cut their target price on FedEx from $311.00 to $297.00 and set a "buy" rating for the company in a research note on Wednesday, June 25th. Barclays reiterated an "overweight" rating and issued a $320.00 price target (down from $330.00) on shares of FedEx in a research note on Wednesday, June 25th. Citigroup dropped their price target on FedEx from $278.00 to $275.00 and set a "buy" rating for the company in a research note on Monday, August 18th. Dbs Bank raised FedEx from a "hold" rating to a "moderate buy" rating in a research report on Thursday, August 21st. Finally, JPMorgan Chase & Co. upped their price target on FedEx from $260.00 to $290.00 and gave the company an "overweight" rating in a research report on Wednesday, June 25th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, FedEx presently has a consensus rating of "Moderate Buy" and a consensus target price of $283.13.

Insiders Place Their Bets

In other FedEx news, Director R Brad Martin sold 2,123 shares of FedEx stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $241.75, for a total transaction of $513,235.25. Following the transaction, the director owned 8,935 shares of the company's stock, valued at $2,160,036.25. This trade represents a 19.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Marvin R. Ellison sold 3,610 shares of FedEx stock in a transaction that occurred on Wednesday, July 9th. The stock was sold at an average price of $236.94, for a total transaction of $855,353.40. Following the transaction, the director directly owned 7,720 shares in the company, valued at approximately $1,829,176.80. This represents a 31.86% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,343 shares of company stock valued at $2,228,816 in the last 90 days. 0.53% of the stock is currently owned by corporate insiders.

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.