FDX FedEx Corp

- -----------------------

---------------------

CUSIP NO. 31428X106

13G

PAGE 2 OF 4 PAGES

- -----------------------

---------------------

Dodge & Cox

94-1441976

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)

[_]

(b)

[_]

SHARES

-----------------------------------------------------------

6

SHARED VOTING POWER

BENEFICIALLY

0

OWNED BY

-----------------------------------------------------------

EACH

7

SOLE DISPOSITIVE POWER

26,924,012

REPORTING

PERSON

-----------------------------------------------------------

8

SHARED DISPOSITIVE POWER

WITH

0

-----------------------------------------------

942 South Shady Grove Road

Memphis, Tennessee 38120

Item 2(a)

Name of Person Filing:

---------------------

Dodge & Cox

Item 2(b)

Address of the Principal Office or, if none, Residence:

-------------------------------------------------------

555 California Street, 40th Floor

San Francisco, CA 94104

Item 2(c)

Citizenship:

-----------

California - U.S.A.

Item 2(d)

Title of Class of Securities:

----------------------------

Common Stock

Item 2(e)

CUSIP Number:

------------

31428X106

Item 3

If the Statement is being filed pursuant to Rule 13d-1(b),

----------------------------------------------------------

or 13d-2(b), check whether the person filing is a:

-------------------------------------------------

Item 4

Ownership:

---------

(a)

Amount Beneficially Owned:

-------------------------

26,924,012

(b)

Percent of Class:

----------------

10.3%

(c)

Number of shares as to which such person has:

---------------------------------------------

(i)

sole power to vote or direct the vote:

25,665,262

(ii)

shared power to vote or direct the vote:

0

(iii)

sole power to dispose or to direct the

disposition of: 26,924,012

(iv)

shared power to dispose or to direct the

disposition of: 0

Item 5

Ownership of Five Percent or Less of a Class:

--------------------------------------------

Not applicable.

Item 6

Ownership of More than Five Percent on Behalf of Another

--------------------------------------------------------

Person:

------

The clients of Dodge & Cox, including investment

companies registered under the Investment Company Act

of 1940 and other managed accounts, have the right to

receive or power to direct the receipt of dividends from,

and the proceeds from the sale of, FEDEX CORPORATION.

Dodge & Cox Stock Fund, an investment company registered

under the Investment Company Act of 1940, has an interest

of 15,571,499, or 6.0%, of the class of securities reported

herein.

Item 7

Identification and Classification of the Subsidiary Which

---------------------------------------------------------

Acquired the Security Being Reported on By the Parent

-----------------------------------------------------

Holding Company:

---------------

Not applicable.

Item 8

Identification and Classification of Members of the Group:

---------------------------------------------------------

Not applicable.

Item 9

Notice of Dissolution of a Group:

--------------------------------

Not applicable.

Item 10

Certification:

-------------

By signing below I certify that, to the best

of my knowledge and belief, the securities referred to

above were acquired in the ordinary course of business and

were not acquired for the purpose of and do not have the

effect of changing or influencing the control of the issuer

of such securities and were not acquired in connection with

or as a participant in any transaction having such purpose

or effect.