FedEx Corporation $FDX is Waddell & Associates LLC’s Largest Position

Posted by Francis Steltz on Jun 9th, 2026

Waddell & Associates LLC raised its holdings in FedEx Corporation (NYSE:FDX – Free Report) by 164.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,188,140 shares of the shipping service provider’s stock after purchasing an additional 738,122 shares during the quarter. FedEx accounts for approximately 23.2% of Waddell & Associates LLC’s investment portfolio, making the stock its biggest holding. Waddell & Associates LLC’s holdings in FedEx were worth $343,206,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FDX. TIAA Trust National Association raised its position in FedEx by 3.7% during the fourth quarter. TIAA Trust National Association now owns 5,845 shares of the shipping service provider’s stock valued at $1,688,000 after acquiring an additional 211 shares in the last quarter. Cerity Partners LLC increased its holdings in shares of FedEx by 27.0% during the 4th quarter. Cerity Partners LLC now owns 120,781 shares of the shipping service provider’s stock valued at $34,889,000 after purchasing an additional 25,698 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of FedEx by 6.6% in the 4th quarter. Franklin Resources Inc. now owns 5,133,231 shares of the shipping service provider’s stock valued at $1,482,785,000 after purchasing an additional 318,293 shares during the period. Erste Asset Management GmbH grew its position in shares of FedEx by 1.4% during the 4th quarter. Erste Asset Management GmbH now owns 14,699 shares of the shipping service provider’s stock valued at $4,475,000 after acquiring an additional 199 shares during the period. Finally, Brandywine Global Investment Management LLC grew its stake in FedEx by 69.0% in the 4th quarter. Brandywine Global Investment Management LLC now owns 553,129 shares of the shipping service provider’s stock valued at $159,777,000 after acquiring an additional 225,856 shares during the period. 84.47% of the stock is owned by institutional investors and hedge funds.

FedEx Trading Down 0.3%

Shares of FDX opened at $329.96 on Tuesday. FedEx Corporation has a 52-week low of $172.88 and a 52-week high of $341.14. The stock has a market cap of $78.73 billion, a PE ratio of 17.56, a price-to-earnings-growth ratio of 1.51 and a beta of 1.28. The firm’s fifty day moving average is $373.31 and its two-hundred day moving average is $341.31. The company has a quick ratio of 1.44, a current ratio of 1.47 and a debt-to-equity ratio of 0.77.

FedEx (NYSE:FDX – Get Free Report) last issued its earnings results on Thursday, March 19th. The shipping service provider reported $5.25 EPS for the quarter, beating analysts’ consensus estimates of $4.12 by $1.13. The business had revenue of $24 billion during the quarter, compared to analysts’ expectations of $23.44 billion. FedEx had a net margin of 4.88% and a return on equity of 16.76%. During the same period in the prior year, the business earned $4.51 earnings per share. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. Research analysts forecast that FedEx Corporation will post 19.72 earnings per share for the current fiscal year.

FedEx Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Monday, June 22nd will be given a dividend of $1.22 per share. The ex-dividend date is Monday, June 22nd. This represents a $4.88 dividend on an annualized basis and a yield of 1.5%. FedEx’s dividend payout ratio (DPR) is presently 30.87%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Wolfe Research reduced their price objective on shares of FedEx from $427.00 to $423.00 and set an “outperform” rating for the company in a research report on Tuesday, April 7th. TD Cowen boosted their target price on shares of FedEx from $383.00 to $426.00 and gave the stock a “buy” rating in a research note on Friday, March 20th. Weiss Ratings downgraded shares of FedEx from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, June 3rd. Deutsche Bank Aktiengesellschaft lowered shares of FedEx from a “buy” rating to a “hold” rating in a research note on Wednesday, May 27th. Finally, Wells Fargo & Company upgraded FedEx from an “overweight” rating to an “overweight” rating in a report on Wednesday, May 27th. Eighteen equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, FedEx presently has an average rating of “Moderate Buy” and a consensus target price of $372.41.

View Our Latest Report on FedEx

Insider Buying and Selling

In other FedEx news, EVP Kawal Preet sold 4,900 shares of the company’s stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $367.89, for a total value of $1,802,661.00. Following the completion of the sale, the executive vice president directly owned 10,953 shares in the company, valued at $4,029,499.17. This represents a 30.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Susan C. Schwab sold 5,795 shares of FedEx stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $369.00, for a total transaction of $2,138,355.00. Following the transaction, the director directly owned 10,038 shares in the company, valued at $3,704,022. This trade represents a 36.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 48,104 shares of company stock worth $17,599,006. 0.53% of the stock is currently owned by corporate insiders.

FedEx Company Profile

(Free Report)

FedEx Corporation (NYSE: FDX) is a global logistics and courier company headquartered in Memphis, Tennessee. Founded by Frederick W. Smith in 1971 and beginning operations in the early 1970s, the company pioneered overnight express shipping and has since expanded into a diversified portfolio of transportation, e-commerce and supply-chain services. FedEx operates an integrated air-and-ground network that moves parcels, freight and documents for businesses and consumers worldwide.

FedEx’s core operating segments include express parcel delivery via its FedEx Express division, domestic and residential parcel delivery through FedEx Ground, less-than-truckload (LTL) freight services, and logistics and supply-chain management solutions.