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

Key Points

• Rep. Rick Larsen sold between $1,001 and $15,000 of FedEx shares from his IRA on October 8, while also buying Analog Devices and Williams-Sonoma and selling Home Depot in similarly sized trades.
• FedEx shares were trading at $290.36, down 0.6%, with the company reporting quarterly revenue of $23.26 billion and earnings per share of $5.88. Analysts maintain a “Moderate Buy” consensus and an average price target of $354.64.
• FedEx pays a quarterly dividend of $1.22 per share, equivalent to an annualized $4.88 dividend and a 1.7% yield; institutional investors own 84.47% of the company.

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%

NYSE FDX opened at $290.36 on Wednesday. The firm's 50 day moving average price is $310.75 and its two-hundred day moving average price is $335.21. The stock has a market cap of $68.72 billion, a price-to-earnings ratio of 14.46, a PEG ratio of 1.56 and a beta of 1.28. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.44 and a current ratio of 1.48. FedEx Corporation has a twelve month low of $181.61 and a twelve month high of $345.36.

FedEx (NYSE:FDX - Get Free Report) last released its earnings results on Tuesday, July 21st. The shipping service provider reported $5.88 earnings per share 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. Equities analysts anticipate that FedEx Corporation will post 17.53 EPS for the current year.

FedEx Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Monday, September 14th were given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 1.7%. The ex-dividend date was Monday, September 14th. FedEx's payout ratio is presently 26.36%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Citizens Jmp started coverage on shares of FedEx in a research report on Wednesday, July 15th. They issued a "market outperform" rating and a $375.00 target price for the company. Stifel Nicolaus cut their target price on FedEx from $442.00 to $326.00 and set a "buy" rating for the company in a research note on Wednesday, June 24th. Stephens upgraded shares of FedEx to a "strong-buy" rating in a research note on Wednesday, July 8th. Wells Fargo & Company reduced their price objective on shares of FedEx from $450.00 to $425.00 and set an "overweight" rating for the company in a report on Wednesday, June 17th. Finally, Raymond James Financial set a $330.00 price target on FedEx in a research report on Friday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $354.64.

Institutional Investors Weigh In On FedEx

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ferguson Wellman Capital Management Inc. grew its stake in shares of FedEx by 3.2% during the 1st quarter. Ferguson Wellman Capital Management Inc. now owns 830 shares of the shipping service provider's stock valued at $296,000 after purchasing an additional 26 shares during the period. Whipplewood Advisors LLC increased its position in shares of FedEx by 9.9% during the 1st quarter. Whipplewood Advisors LLC now owns 333 shares of the shipping service provider's stock valued at $119,000 after purchasing an additional 30 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC lifted its stake in shares of FedEx by 11.9% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 283 shares of the shipping service provider's stock worth $101,000 after purchasing an additional 30 shares during the period. Avior Wealth Management LLC lifted its stake in shares of FedEx by 2.6% in the 2nd quarter. Avior Wealth Management LLC now owns 1,361 shares of the shipping service provider's stock worth $426,000 after purchasing an additional 34 shares during the period. Finally, CLG LLC lifted its stake in shares of FedEx by 3.8% in the 1st quarter. CLG LLC now owns 952 shares of the shipping service provider's stock worth $339,000 after purchasing an additional 35 shares during the period. Institutional investors own 84.47% of the company's stock.

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.

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