FedEx Corporation
In the published model solve dated 2026-Q2, anchored at $330.88, FedEx Corporation (FDX) is priced for +0.0% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 26, 2026 from SEC EDGAR filings.
FedEx is valued on a segment basis anchored to the Federal Express Segment; at $326.25 the price implies an operating decline of about 4.4% a year for that segment, and the reverse-DCF band of about $326 to $726 places the price at the floor, so the market is pricing in decline. The capital-allocation story is the bull case: FedEx completed the FedEx Freight spin-off on June 1, 2026 (retaining a 19.9% stake to monetize), exceeded $1 billion of fiscal 2026 transformation savings on top of the pr
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1,978 institutional managers reported holding FDX in 13F filings for the quarter ended 2026-03-31. Together they hold about 62% of the company; the top 10 hold 32%. 270 opened new positions that quarter. Held by Vanguard Group, BlackRock, Dodge & Cox, among others. On the short side, 4.9M shares were sold short as of the 2026-06-15 count, about 2% of shares outstanding (2.4 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
FDX has cut its share count 11.3% over the past five years, spending $10.08B on repurchases. It pays a dividend, and has paid one every year in our records (18 and counting), raised 5 years straight; the current rate is $5.52 a share annually. Cash returned over the past three years: $3.63B in dividends and $6.33B in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at FDX over the trailing three years: 2023: 2 buys totaling $303k; 2024: 1 buy totaling $92k; 2025: 1 buy totaling $274k. 24 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
FDX's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-07-18 | +1.8% | -4.6% |
| 2023-09-21 | +4.7% | -2.0% |
| 2023-12-20 | -12.7% | -2.0% |
| 2024-03-22 | +9.3% | -12.9% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
FDX's latest 8-K filings: 2026-07-24 (items 5.02, 9.01); 2026-07-21 (items 2.02, 9.01); 2026-07-10 (items 8.01, 9.01); 2026-06-25 (items 8.01, 9.01); 2026-06-23 (items 2.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 26, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.