FedEx (FDX) Stock Drops 4% as $1.4B Logistics Sale Talks Heat Up

TLDR

• FDX fell 3.7% in pre-market trading Wednesday after reports of a $1.4B sale of its FedEx Supply Chain unit
• Buyer is reportedly CMA CGM, the world’s third-largest container shipping company
• FedEx beat Q4 FY2026 earnings, posting $6.31 EPS on $25.01B revenue, up 12.5% year-over-year
• Insiders sold 48,104 FDX shares worth ~$17.6M over the last 90 days
• Wall Street holds a “Moderate Buy” consensus with an average price target of $349.60

FedEx (FDX) stock dropped 3.7% in pre-market trading on Wednesday, opening at $313.44, after the Financial Times reported that talks to sell its third-party logistics unit are at an advanced stage.

FedEx Corporation, FDX

The unit in question is FedEx Supply Chain, which handles warehousing, distribution, and order returns management. The reported buyer is CMA CGM, the world’s third-largest container shipping company.

The deal is said to be valued at around $1.4 billion.

This is the latest move in FedEx’s push to strip back to its core air and ground delivery operations. The company recently spun off FedEx Freight (FDXF) as a standalone trucking business.

Selling the Supply Chain division would further slim down FedEx’s portfolio and sharpen its focus on package delivery.

Earnings Beat, But Pressure Remains

FedEx posted strong Q4 FY2026 results on June 23. The company reported $6.31 EPS, topping analyst estimates of $5.91 by $0.40. Revenue came in at $25.01 billion, well above the $24.04 billion consensus, and up 12.5% year-over-year.

FedEx also flagged improved package volumes and continued cost savings from its ongoing transformation strategy.

Stifel analyst J. Bruce Chan said he expects profit margins and asset utilization to keep improving.

For FY2027, FedEx has guided for EPS of $16.90 to $18.10. Analysts on average forecast full-year EPS of $20.89.

Despite the earnings beat, FDX stock has been under pressure. The company’s shift to calendar-year reporting has added some uncertainty for investors.

Insider Selling and Institutional Moves

On the insider front, EVP Gina F. Adams sold 20,450 FDX shares on April 14 at $366.45 each, totaling roughly $7.49 million. That sale cut her position by 51%.

Director Susan C. Schwab sold 5,795 shares a day later at $369.00, worth about $2.14 million — a 36.6% reduction in her stake.

In total, insiders have sold 48,104 FDX shares worth around $17.6 million over the past 90 days.

Institutional investor Janney Montgomery Scott also trimmed its FedEx position by 16.6% in Q1, offloading 10,993 shares. It still holds 55,268 shares valued at approximately $19.7 million.

Institutional investors collectively own 84.47% of FedEx stock.

Analyst price targets have shifted recently. Truist cut its target from $425 to $365 but kept a Buy rating. Stifel dropped its target from $442 to $326, also maintaining Buy. HSBC lowered its target to $289.89 with a Hold. Sanford C. Bernstein set a $397 target.

Morgan Stanley carries the lone Underweight, with a $230 price target.

The overall Wall Street consensus is Moderate Buy, with an average price target of $349.60.

FedEx’s 52-week range runs from a low of $172.88 to a high of $345.36. The stock’s 50-day moving average sits at $361.08.

A quarterly dividend of $1.22 per share was paid on July 7, representing a yield of 1.6%.

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