FedEx (NYSE:FDX) Stock Sold by Rep. Rick Larsen

Representative Rick Larsen (Democratic-Washington) recently sold shares of FedEx Corporation (NYSE:FDX). In a filing disclosed on October 12th, the Representative disclosed that they had sold between $1,001 and $15,000 in FedEx stock on October 8th. The trade occurred in the Representative’s “RICHARD R LARSEN IRA” account.

Representative Rick Larsen also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Analog Devices (NASDAQ:ADI) on 10/8/2026.
• Sold $1,001 – $15,000 in shares of Home Depot (NYSE:HD) on 10/8/2026.
• Purchased $1,001 – $15,000 in shares of Williams-Sonoma (NYSE:WSM) on 10/8/2026.

FedEx Trading Down 0.6%

Shares of NYSE:FDX opened at $290.36 on Wednesday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.44 and a current ratio of 1.48. The stock has a market capitalization of $68.72 billion, a price-to-earnings ratio of 15.69, a PEG ratio of 1.56 and a beta of 1.28. FedEx Corporation has a 1-year low of $181.61 and a 1-year high of $345.36. The company has a 50 day moving average price of $310.75 and a 200 day moving average price of $335.21.

FedEx (NYSE:FDX) last posted its quarterly earnings results on Tuesday, July 21st. The shipping service provider reported $5.88 earnings per share (EPS) for the quarter. FedEx had a return on equity of 16.49% and a net margin of 4.68%. The company had revenue of $23.26 billion for the quarter. On average, research analysts anticipate that FedEx Corporation will post 17.53 EPS for the current fiscal year.

FedEx Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Monday, September 14th were issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Monday, September 14th. FedEx’s dividend payout ratio (DPR) is presently 26.36%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Raymond James Financial set a $330.00 target price on FedEx in a report on Friday, August 28th. Weiss Ratings lowered shares of FedEx from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, September 2nd. Evercore raised their target price on shares of FedEx from $350.00 to $351.00 in a report on Monday, September 28th. Sanford C. Bernstein set a $397.00 price target on shares of FedEx in a report on Wednesday, June 24th. Finally, Wall Street Zen upgraded FedEx to a “hold” rating in a report on Saturday, August 8th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $354.64.

Hedge Funds Weigh In On FedEx

Several institutional investors and hedge funds have recently modified their holdings of FDX. BlackRock Inc. purchased a new stake in shares of FedEx during the 2nd quarter worth about $6,508,103,000. Primecap Management Co. CA bought a new stake in FedEx in the second quarter worth approximately $2,554,138,000. Dimensional Fund Advisors LP grew its position in FedEx by 2.1% in the first quarter. Dimensional Fund Advisors LP now owns 2,630,669 shares of the shipping service provider’s stock worth $936,688,000 after acquiring an additional 52,963 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of FedEx by 6.3% during the 1st quarter. Bank of New York Mellon Corp now owns 2,134,672 shares of the shipping service provider’s stock worth $760,328,000 after purchasing an additional 125,950 shares during the last quarter. Finally, Bank of America Corp DE acquired a new position in shares of FedEx during the 2nd quarter worth $579,171,000. 84.47% of the stock is currently owned by hedge funds and other institutional investors.

About Representative Larsen

Rick Larsen (Democratic Party) is a member of the U.S. House, representing Washington’s 2nd Congressional District. He assumed office on January 3, 2001. His current term ends on January 3, 2027.

Larsen (Democratic Party) is running for re-election to the U.S. House to represent Washington’s 2nd Congressional District. He declared candidacy for the 2026 election.

Since at least 2011, Larsen has been assigned to the Committee on Armed Services and the Committee on Transportation and Infrastructure.

Larsen’s first position as an elected official was in 1998 as a member of the Snohomish County Council.

Larsen earned his bachelor’s degree from Pacific Lutheran University. After earning his master’s degree in public affairs from the University of Minnesota, Larsen worked as the director of public affairs for the Washington State Dental Association and then as an economic development official with the Port of Everett. He went on to serve on the Snohomish County Council before seeking election to the U.S. House.

About FedEx

FedEx Corporation is a global transportation, e-commerce and business services company headquartered in Memphis, Tennessee. Through its operating companies, FedEx provides time-definite express delivery, ground shipping, freight transportation, and logistics services for businesses, government organizations and consumers.

The company’s services include domestic and international parcel delivery, less-than-truckload freight transportation, supply chain management, customs and trade assistance, warehousing, fulfillment and other logistics solutions.