FDX

LONGINSIDER SELL

FEDEX CORP

Funds

Score

4.50

vs SPY

-0.7%

Stock return (since Q-end)

+15.6%

SPY return (since Q-end)

+16.3%

Current price

$411.75

News Summary

Positive

FedEx delivered a strong Q3 earnings beat with revenue of $24.0B (vs. $23.5B consensus) and adjusted EPS of $5.25 (vs. $4.14 consensus), prompting raised FY2026 guidance to $19.30–$20.10 EPS. The landmark June 1, 2026 spin-off of FedEx Freight represents a major structural transformation, with JPMorgan upgrading to Overweight ahead of the separation and Q4 earnings catalyst. However, the MD-11 fleet grounding has impacted near-term profitability, and the France restructuring will incur $175–275M in pre-tax costs through 2028.

Red flags

•MD-11 fleet grounding impacting operating income in current quarter
•France restructuring will cost $175–275M pre-tax through 2028 with up to 500 operational position reductions
•Adjusted operating margin dipped slightly to 6.7% from 6.8% despite strong revenue growth

Funds Buying (3)

Fund	Manager	Shares Held	∆ Shares	Position Value	QoQ	Status
Viking Global	Andreas Halvorsen	1.9M	+1.9M	$688.2B	—	NEW
Point72	Steve Cohen	381K	+381K	$135.6B	—	NEW
Maverick Capital	Lee Ainslie	2K	+2K	$705M	—	NEW

Shares Held and Position Value reflect total quarter-end holdings. ∆ Shares is the change from the prior quarter.

Insider Activity

Name	Title	Type	Shares	Price	Value	Filed
Brightman Tracy B	EVP - Chief People Officer	SELL	9K	$363.61	$3.30M	2026-04-15
Brightman Tracy B	EVP - Chief People Officer	SELL	5K	$363.33	$1.85M	2026-04-15
Brightman Tracy B	EVP - Chief People Officer	SELL	3K	$363.30	$1.01M	2026-04-15
SCHWAB SUSAN C	—	SELL	6K	$369.00	$2.14M	2026-04-15
Preet Kawal	EVP - Plng, Eng, & Transfmtn	SELL	5K	$367.89	$1.80M	2026-04-14
Carere Brie	EVP/Chief Customer Officer	SELL	3K	$370.03	$1.00M	2026-04-14
ADAMS GINA F.	EVP GENL COUNSEL/SECTY	SELL	14K	$366.02	$5.13M	2026-04-14
ADAMS GINA F.	EVP GENL COUNSEL/SECTY	SELL	6K	$367.37	$2.36M	2026-04-14