Ninety One UK 13F: Adds $242M to FedEx (FDX) Stake

In a regulatory filing on October 15, 2026, institutional investor Ninety One UK revealed a major addition to its holdings in FedEx Corporation (NYSE: FDX), lifting its stake by nearly half a million shares. Please note that Form 13F filings are backward-looking reports reflecting holdings at the end of a prior period and may not represent the investor's current daily position.

Inside Ninety One UK's FedEx Trade

Ninety One UK boosted its investment in FedEx Corporation by adding 850,597 shares during the period. That move marked a 461.7% increase from its previous holdings of 184,232 shares. The fund ended the quarter with 1,034,829 shares of the package delivery company, with a reported value of $295,019,411. Because 13F reports look backward, these figures illustrate portfolio adjustments made during the quarter rather than live trades.

Other Institutional Activity in FedEx Corporation

Other large money managers also shifted their positions in FedEx Corporation around the same time. 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 lifted its stake by 280,788 shares to reach 14,181,180 shares valued at roughly $4,162,885,215, representing a 2.0% change. State Street Corporation added 311,740 shares for a 3.2% increase, closing the period with 10,053,615 shares worth approximately $2,951,238,560. Primecap Management Company trimmed its position by 146,132 shares, a 1.8% decrease that left it with 8,156,799 shares valued at about $2,394,428,246. Finally, Vanguard Portfolio Management LLC grew its holdings by 198,033 shares or 2.8%, finishing with 7,347,236 shares worth roughly $2,156,781,038.

FedEx Corporation Stock Up 1.0%

FedEx Corporation recently traded around $294.08. The stock sits about 14.9% below its 52-week high of $345.37 and roughly 55.6% above its 52-week low of $188.98. Shares are currently positioned below both their 50-day moving average of $309.83 and their 200-day moving average of $301.61. The company carries a price-to-earnings ratio of 15.9.

Recent Earnings

FedEx Corporation reported trailing twelve-month revenue of $94.72 billion alongside earnings of $18.55 per share. The logistics firm maintains a net profit margin of 4.7% and a return on equity of 14.8%. The company is scheduled to release its next financial results on October 28, 2026.

Dividend

Income-focused investors track the company's dividend yield, which stands at 1.65% based on its annual payout. The firm's dividend payout ratio sits at 31.3%, indicating that roughly a third of its earnings go toward shareholder distributions.

Insider Buying and Selling at FedEx Corporation

Company insiders also adjusted their share ownership during the period. Director Paul S Walsh sold 5,042 shares on June 30, 2026, at an average price of $324.56, bringing the transaction value to $1,636,432. Insider transactions can happen for many personal financial reasons and do not necessarily signal a directional view on the stock.

Analysts Set New Price Targets

Wall Street firms updated their views on FedEx Corporation through September and October. 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, nudging its target to $351.00. Later, on October 5, 2026, JP Morgan maintained an Overweight rating with a price target of $399.00, down slightly from $400.00. Citigroup maintained a Buy rating on October 7, lifting its target from $359.00 to $373.00. On the same day, Truist Securities kept a Buy rating while lowering its target from $365.00 to $350.00. Across the broader analyst community, the stock holds a consensus Buy recommendation with a mean price target of $355.88 across 26 opinions.

About FedEx Corporation

Headquartered in Memphis, Tennessee, FedEx Corporation is a major global player in transportation, e-commerce, and business logistics. The company handles international and domestic shipping through its core operating segments, moving parcels and freight for millions of retail and corporate customers worldwide. Institutional interest from funds like Ninety One UK underlines how large asset managers position themselves within the broader industrials sector ahead of upcoming financial updates.

Bottom Line

Investors tracking FedEx Corporation should watch for the upcoming earnings report on October 28, 2026, which will provide fresh data on shipping volumes and operating margins. Future 13F filings in upcoming quarters will also show whether Ninety One UK and other large institutions continue to build out their stakes.