Investment Increase Signals Confidence
FedEx Corporation, a true pillar of the Memphis economy, has received a major vote of confidence from DNB Asset Management AS. The international investment firm increased its stake in FedEx by 17.3 percent during the third quarter of this year. This brings their total holdings to 73,886 shares valued at over $17.4 million, based on a recent filing with the U.S. Securities and Exchange Commission (SEC).
Memphis Impact
Headquartered right here in Memphis, FedEx is not just a local business, but a global shipping leader that supports thousands of jobs in the Mid-South. Significant investments like this signal strong institutional trust and help maintain the company’s status as a key driver of our local job market, from downtown all the way to the airport hub.
Continued Growth for Memphis’ Homegrown Giant
This increased investment underscores FedEx’s ongoing appeal to both domestic and international investors, and it highlights the strength of Memphis as a major player in the logistics industry. For Memphians, that’s good news: strong investor support can fuel local employment, community engagement, and innovation in shipping and technology.
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Original Story by @natltoday at https://nationaltoday.com/us/tn/memphis/news/2026/03/03/dnb-asset-management-as-boosts-stake-in-fedex-corporation/
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