Expeditors International of Washington (EXPD) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. decreased its stake in Expeditors International of Washington (NASDAQ:EXPD) by 17.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,699,666 shares of the transportation company’s stock after selling 371,770 shares during the period. Ameriprise Financial Inc. owned about 0.94% of Expeditors International of Washington worth $96,014,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Virtus Investment Advisers Inc. acquired a new position in shares of Expeditors International of Washington during the third quarter valued at approximately $100,000. Mosaic Family Wealth LLC increased its position in shares of Expeditors International of Washington by 3.8% in the third quarter. Mosaic Family Wealth LLC now owns 2,394 shares of the transportation company’s stock valued at $123,000 after buying an additional 87 shares in the last quarter. TLP Group LLC acquired a new position in shares of Expeditors International of Washington during the third quarter valued at approximately $126,000. MUFG Americas Holdings Corp increased its position in shares of Expeditors International of Washington by 34.5% in the fourth quarter. MUFG Americas Holdings Corp now owns 2,535 shares of the transportation company’s stock valued at $134,000 after buying an additional 650 shares in the last quarter. Finally, Van ECK Associates Corp increased its position in shares of Expeditors International of Washington by 4.2% in the fourth quarter. Van ECK Associates Corp now owns 2,767 shares of the transportation company’s stock valued at $147,000 after buying an additional 112 shares in the last quarter. Institutional investors own 90.76% of the company’s stock.

Institutional Ownership by Quarter for Expeditors International of Washington (NASDAQ:EXPD)

Expeditors International of Washington (NASDAQ:EXPD) traded up 0.27% during mid-day trading on Friday, reaching $52.75. The company had a trading volume of 1,145,375 shares. The stock has a 50-day moving average of $55.22 and a 200 day moving average of $54.30. Expeditors International of Washington has a 12-month low of $46.48 and a 12-month high of $57.74. The company has a market capitalization of $9.50 billion, a price-to-earnings ratio of 22.54 and a beta of 0.64.

Expeditors International of Washington (NASDAQ:EXPD) last released its earnings results on Tuesday, May 2nd. The transportation company reported $0.51 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.56 by $0.05. Expeditors International of Washington had a return on equity of 24.45% and a net margin of 7.18%. The firm had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.53 billion. During the same period in the prior year, the business earned $0.53 earnings per share. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. On average, analysts expect that Expeditors International of Washington will post $2.36 EPS for the current year.

The company also recently announced a semiannual dividend, which will be paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st will be given a $0.42 dividend. This is an increase from Expeditors International of Washington’s previous semiannual dividend of $0.40. This represents a yield of 1.54%. The ex-dividend date is Tuesday, May 30th. Expeditors International of Washington’s dividend payout ratio (DPR) is currently 33.90%.

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Several research analysts have recently commented on EXPD shares. Vertical Research reiterated a “hold” rating and set a $63.00 target price on shares of Expeditors International of Washington in a research note on Thursday, April 13th. Wells Fargo & Co started coverage on Expeditors International of Washington in a research note on Monday, March 13th. They set a “market perform” rating for the company. Cowen and Company reiterated a “market perform” rating and set a $57.00 target price (up from $49.00) on shares of Expeditors International of Washington in a research note on Wednesday, February 22nd. Zacks Investment Research downgraded Expeditors International of Washington from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, Credit Suisse Group AG restated a “sell” rating and issued a $52.00 price target on shares of Expeditors International of Washington in a research note on Wednesday, February 22nd. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $57.20.

In other Expeditors International of Washington news, VP Christopher J. Mcclincy sold 1,274 shares of the firm’s stock in a transaction on Monday, March 13th. The stock was sold at an average price of $56.62, for a total value of $72,133.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael J. Malone sold 7,000 shares of the firm’s stock in a transaction on Friday, March 10th. The stock was sold at an average price of $56.22, for a total value of $393,540.00. Following the completion of the sale, the director now directly owns 19,602 shares of the company’s stock, valued at $1,102,024.44. The disclosure for this sale can be found here. Insiders sold 41,635 shares of company stock valued at $2,339,698 over the last three months. Company insiders own 0.86% of the company’s stock.

About Expeditors International of Washington

Expeditors International of Washington, Inc is a logistics company. The Company is a third-party logistics provider, and purchases cargo space from carriers, including airlines and ocean shipping lines on a volume basis and resells that space to its customers. The Company provides a range of customer solutions, such as order management, time-definite transportation, warehousing and distribution, temperature-controlled transit, cargo insurance and customized logistics solutions.

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