Ninety One North America 13F: New $4.2M Stake in FedEx (FDX)

Ninety One North America established a brand-new stake in FedEx Corporation (NYSE: FDX), buying 14,810 shares valued at roughly $4.22 million. The investment came to light in a Form 13F filing submitted to the Securities and Exchange Commission on October 15, 2026. Because 13F filings look backward at holdings from the end of the previous quarter, this report reflects positions held at that time and may not match the fund's current holdings.

Inside Ninety One North America's FedEx Trade

The fund opened a brand-new position in the package delivery company during the period, picking up 14,810 shares without holding any prior stake. The reported value of the newly acquired shares stood at $4,222,183. Keep in mind that 13F filings only reveal long stock positions and do not show short positions or options.

Other Institutional Activity in FedEx Corporation

Other large money managers also adjusted their holdings in the shipping provider during recent reporting cycles. Blackrock Inc. grew its holdings by 1,980,058 shares, ending with 20,784,028 shares worth about $6,101,151,165 after a 10.5% increase. Vanguard Capital Management LLC added 280,788 shares for a 2.0% increase, finishing with 14,181,180 shares valued at $4,162,885,215. State Street Corporation increased its stake by 311,740 shares, or 3.2%, to hold 10,053,615 shares worth $2,951,238,560. Primecap Management Company trimmed its position by 146,132 shares, or 1.8%, ending with 8,156,799 shares valued at $2,394,428,246. Finally, Vanguard Portfolio Management LLC boosted its stake by 198,033 shares, or 2.8%, closing the period with 7,347,236 shares worth $2,156,781,038.

FedEx Corporation Stock Up 1.0%

FedEx shares recently changed hands around $294.08 as of October 16, 2026. The stock trades below its 50-day moving average of $309.83 and sits under its 200-day moving average of $301.61. The company carries a market capitalization of roughly $69.95 billion and a trailing price-to-earnings ratio of 15.9.

Recent Earnings

For its trailing twelve-month period, FedEx generated $94.72 billion in revenue and reported basic earnings of $18.55 per share. The logistics firm posted a net profit margin of 4.7% and a return on equity of 14.8%. The company's next quarterly earnings report is scheduled for October 28, 2026.

Dividend

FedEx pays an annual dividend yield of 1.65%, backed by a dividend payout ratio of 31.3%.

Insider Buying and Selling at FedEx Corporation

Company insiders have also been active in the open market. Director Paul S. Walsh sold 5,042 shares on June 30, 2026, at an average price of $324.56, bringing the total transaction value to $1,636,432.

Analysts Set New Price Targets

Wall Street research firms have actively adjusted their views on the shipping company. On September 9, 2026, Evercore ISI Group maintained an In-Line rating while raising its price target from $323.00 to $350.00. Evercore again maintained its In-Line rating on September 28, 2026, nudging its target up to $351.00. JP Morgan maintained an Overweight rating on October 5, 2026, with a target of $399.00. Citigroup kept a Buy rating on October 7, 2026, lifting its target to $373.00 from $359.00. Truist Securities also maintained a Buy rating on October 7, 2026, while adjusting its target from $365.00 to $350.00. Overall, the stock holds a consensus Buy rating from analysts with a mean price target of $355.88.

About FedEx Corporation

Based in Memphis, Tennessee, FedEx Corporation operates through its subsidiaries to provide transportation, e-commerce, and business services across the United States and international markets. The company operates core segments focused on domestic and international express shipping, moving millions of packages daily for retail and corporate customers.

Bottom Line

Investors tracking Ninety One North America will want to watch upcoming regulatory filings to see if the fund builds on its new FedEx position. The company's next earnings report on October 28, 2026, will offer fresh insight into delivery demand and operating margins. 13F filings remain backward-looking snapshots and do not necessarily reflect current portfolio weightings.