Legal & General Group Plc Boosts FedEx Stake by 3.5%

The institutional investor now owns over 1.4 million shares of the shipping service provider.

Published on Mar. 12, 2026

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Legal & General Group Plc, a major institutional investor, increased its stake in FedEx Corporation by 3.5% during the 3rd quarter, according to a recent SEC filing. The firm now owns 1,483,640 shares of the shipping service provider's stock, worth approximately $349.9 million.

Why it matters

FedEx is a bellwether for the shipping and logistics industry, and institutional investors closely monitor changes in major shareholders' positions. This increase in Legal & General's stake suggests the firm sees continued growth potential in FedEx despite recent market volatility.

The details

According to the SEC filing, Legal & General Group Plc purchased an additional 50,161 shares of FedEx during the 3rd quarter, bringing its total ownership to about 0.63% of the company's outstanding stock. The institutional investor cited FedEx's strong market position and growth prospects as reasons for boosting its position in the shipping giant.

  • Legal & General Group Plc increased its FedEx stake during the 3rd quarter of 2026.

The players

Legal & General Group Plc

A major institutional investor and asset management firm based in the United Kingdom.

FedEx Corporation

A global logistics and courier company headquartered in Memphis, Tennessee, known for pioneering overnight express shipping.

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The takeaway

This increase in Legal & General's FedEx stake underscores the continued confidence of major institutional investors in the shipping company's long-term growth prospects, despite recent market volatility in the sector.