Rep. Rick Larsen Sells Off Shares of FedEx Corporation (NYSE:FDX)

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 Stock Performance

FedEx stock opened at $291.31 on Thursday. The stock has a fifty day moving average price of $310.36 and a 200 day moving average price of $334.79. FedEx Corporation has a 52 week low of $185.06 and a 52 week high of $345.36. The firm has a market capitalization of $68.94 billion, a P/E ratio of 14.38, a PEG ratio of 1.55 and a beta of 1.28. The company has a current ratio of 1.48, a quick ratio of 1.44 and a debt-to-equity ratio of 0.74.

FedEx (NYSE:FDX) last posted its quarterly earnings results on Tuesday, July 21st. The shipping service provider reported $5.88 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 during the quarter. Equities research analysts anticipate that FedEx Corporation will post 17.53 earnings per share for the current year.

FedEx Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Monday, September 14th were given a $1.22 dividend. The ex-dividend date of this dividend was Monday, September 14th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 1.7%. FedEx’s payout ratio is currently 26.36%.

Institutional Trading of FedEx

Large investors have recently added to or reduced their stakes in the stock. Strategy Asset Managers LLC bought a new position in shares of FedEx during the third quarter worth about $750,000. Western Financial Corp CA increased its holdings in shares of FedEx by 22.6% in the 3rd quarter. Western Financial Corp CA now owns 2,288 shares of the shipping service provider’s stock valued at $652,000 after acquiring an additional 422 shares during the last quarter. Sanders Morris Harris LLC bought a new position in FedEx during the third quarter worth $1,215,000. First Citizens Bank & Trust Co. raised its holdings in shares of FedEx by 14.8% during the third quarter. First Citizens Bank & Trust Co. now owns 8,162 shares of the shipping service provider’s stock worth $2,327,000 after purchasing an additional 1,051 shares during the period. Finally, Focus Financial Network Inc. grew its position in shares of FedEx by 7.3% during the 3rd quarter. Focus Financial Network Inc. now owns 2,184 shares of the shipping service provider’s stock valued at $625,000 after buying an additional 148 shares during the last quarter. 84.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on FDX. Truist Financial lowered their target price on shares of FedEx from $365.00 to $350.00 and set a “buy” rating for the company in a report on Wednesday, October 7th. BNP Paribas Exane increased their price target on shares of FedEx from $269.80 to $300.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 30th. Stifel Nicolaus decreased their price target on shares of FedEx from $442.00 to $326.00 and set a “buy” rating on the stock in a report on Wednesday, June 24th. JPMorgan Chase & Co. reduced their target price on FedEx from $400.00 to $399.00 and set an “overweight” rating on the stock in a report on Monday, October 5th. Finally, TD Cowen dropped their price target on FedEx from $426.00 to $354.00 in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $354.64.

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.

FedEx Company Profile

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.