FedEx Falls as 2026 Outlook and Post-Spin Uncertainty Weigh on Shares

FedEx Corporation (FDX) is down 4.8% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver is investor disappointment with FedEx’s calendar 2026 earnings outlook after its latest results, even though the company posted a solid quarterly beat. The selloff also appears tied to uncertainty around the first reporting period after the FedEx Freight separation and concern about higher costs during the transition.

Details:

FedEx reported strong fourth-quarter and full-year results, including quarterly adjusted earnings that came in ahead of market expectations.

Management guided for calendar 2026 adjusted earnings per share of $16.90 to $18.10 from continuing operations, which seems to have landed below what many investors had been looking for.

The company completed the spin-off of FedEx Freight on June 1, leaving FedEx as a standalone parcel-focused business and making year-over-year comparisons more complicated in the near term.

FedEx also flagged headwinds tied to fuel, business optimization work, spin-off costs, aircraft impairment charges, and expenses related to its fiscal-year reporting change, which may have reinforced caution around margins.

Sources:

FedEx Investor Relations, SEC, Investing.com

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$FDX Insider Trading Activity

$FDX insiders have traded $FDX stock on the open market 8 times in the past 6 months. Of those trades, 0 have been purchases and 8 have been sales.

Here’s a breakdown of recent trading of $FDX stock by insiders over the last 6 months:

GINA F. ADAMS (EVP GENL COUNSEL/SECTY) has made 0 purchases and 2 sales selling 20,450 shares for an estimated $7,493,856.
TRACY B BRIGHTMAN (EVP - Chief People Officer) has made 0 purchases and 3 sales selling 16,959 shares for an estimated $6,164,156.
SUSAN C SCHWAB sold 5,795 shares for an estimated $2,138,355
KAWAL PREET (EVP - Plng, Eng, & Transfmtn) sold 4,900 shares for an estimated $1,802,661
BRIE CARERE (EVP/Chief Customer Officer) sold 2,700 shares for an estimated $999,067

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

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$FDX Hedge Fund Activity

We have seen 963 institutional investors add shares of $FDX stock to their portfolio, and 862 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

DODGE & COX removed 5,598,719 shares (-35.9%) from their portfolio in Q1 2026, for an estimated $1,938,528,460
CAPITAL INTERNATIONAL INVESTORS removed 2,710,844 shares (-74.8%) from their portfolio in Q1 2026, for an estimated $938,616,180
BLACKROCK, INC. added 1,979,382 shares (+11.8%) to their portfolio in Q1 2026, for an estimated $685,351,120
VIKING GLOBAL INVESTORS LP added 1,932,165 shares (+inf%) to their portfolio in Q1 2026, for an estimated $669,002,470
FMR LLC added 1,268,427 shares (+25.3%) to their portfolio in Q1 2026, for an estimated $439,186,506
CAPITAL WEALTH PLANNING, LLC added 1,068,523 shares (+inf%) to their portfolio in Q1 2026, for an estimated $369,970,746
CITADEL ADVISORS LLC added 918,103 shares (+412.8%) to their portfolio in Q1 2026, for an estimated $317,888,573

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$FDX Government Contracts

We have seen $868,148,440 of award payments to $FDX over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

MAIL MANIFESTING SERVICES: $100,000,000
MAIL MANIFESTING SERVICES: $72,174,390
MAIL MANIFESTING SERVICES: $71,633,433
MAIL MANIFESTING SERVICES: $52,279,274
FED EX NGDS SHIPPING: $46,052,500

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard. You can access data on government contracts through the Quiver Quantitative API government contracts endpoint.

$FDX Congressional Stock Trading

Members of Congress have traded $FDX stock 3 times in the past 6 months. Of those trades, 3 have been purchases and 0 have been sales.

Here’s a breakdown of recent trading of $FDX stock by members of Congress over the last 6 months:

REPRESENTATIVE MARIA ELVIRA SALAZAR has traded it 2 times. They made 2 purchases worth up to $65,000 on 03/25, 03/19 and 0 sales.
REPRESENTATIVE GILBERT RAY CISNEROS, JR. purchased up to $15,000 on 01/09.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

$FDX Price Targets

Multiple analysts have issued price targets for $FDX recently. We have seen 17 analysts offer price targets for $FDX in the last 6 months, with a median target of $378.0.

Here are some recent targets:

Lucas Servera from Truist Securities set a target price of $365.0 on 06/25/2026
Ariel Rosa from Citigroup set a target price of $359.0 on 06/24/2026
Ken Hoexter from B of A Securities set a target price of $378.0 on 06/24/2026
J. Bruce Chan from Stifel set a target price of $326.0 on 06/24/2026
Thomas Wadewitz from UBS set a target price of $350.0 on 06/24/2026
Christian Wetherbee from Wells Fargo set a target price of $425.0 on 06/17/2026
Brandon Oglenski from Barclays set a target price of $425.0 on 06/12/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.