Rep. Rick Larsen (D-WA) Sells FedEx (FDX) Stock

Democratic Congressman Rick Larsen sold shares of FedEx Corporation (NYSE: FDX) valued between $1,001 and $15,000 on October 8, 2026, as reported under the STOCK Act on October 12. This sale adds to a busy day for Larsen, who also sold shares of The Home Depot and purchased shares of Williams-Sonoma on the same day.

Inside Rick Larsen's Trade

Larsen's transaction reflects ongoing activity in his investment portfolio. The shares sold were part of his overall holdings, and the reported amount falls within a range of $1,001 - $15,000. This sale comes as FedEx's stock trades below its key moving averages, which could be a point of interest for investors.

Other Institutional Activity in FedEx

Several institutional investors have recently adjusted their positions in FedEx. BlackRock Inc. increased its stake by 1,980,058 shares, bringing its total to 20,784,028 shares worth around $6.1 billion. Vanguard Capital Management LLC added 280,788 shares, resulting in a total of 14,181,180 shares valued at approximately $4.2 billion. State Street Corporation also raised its holdings by 311,740 shares, totaling 10,053,615 shares worth about $2.9 billion. Meanwhile, Primecap Management Company trimmed its position by 146,132 shares, ending with 8,156,799 shares valued at around $2.4 billion. Vanguard Portfolio Management LLC added 198,033 shares, bringing its total to 7,347,236 shares worth about $2.2 billion.

FedEx Corporation Stock Up 0.8%

As of October 16, 2026, FedEx shares are trading around $294.08, which is about 14.9% below its 52-week high of $345.37. The stock is also below both its 50-day moving average of $309.83 and its 200-day average of $301.61, suggesting that it may be experiencing some downward pressure in the market.

Recent Earnings

FedEx reported trailing twelve-month revenue of $94.72 billion and earnings per share (EPS) of $18.55. The company has a net margin of 4.7% and a return on equity (ROE) of 14.8%. The next earnings report is scheduled for October 28, 2026, which will provide further insights into its financial performance.

Insider Buying and Selling at FedEx Corporation

Insider trading activity at FedEx has included purchases by several executives. On June 25, 2026, Mark Edmunds bought 187 shares, Brie Carere purchased 3,567 shares, Brad Martin acquired 8,711 shares, and Gina Adams bought 4,734 shares. These transactions were made before Larsen's recent sale.

Analysts Set New Price Targets

Analysts have been maintaining their ratings for FedEx. On October 7, 2026, Citigroup maintained a 'Buy' rating with a price target of $373.00. Truist Securities also kept a 'Buy' rating with a target of $350.00. Overall, the consensus rating remains 'Buy', with a mean price target of $355.88 based on 26 analyst opinions.

About FedEx Corporation

FedEx Corporation provides transportation and logistics services globally. The company operates through segments like Express U.S. Domestic and Express International. With a workforce of around 300,000 employees, FedEx plays a crucial role in the supply chain and logistics space, making it significant for Congressman Larsen's district in Washington State.

Bottom Line

Investors should watch for FedEx's upcoming earnings report on October 28, 2026, for insights into its performance. Larsen's recent trades reflect his active management of investments, which may continue to attract attention. The stock's current position below its moving averages could indicate potential volatility ahead.