Chevy Chase Trust Holdings Inc. lowered its position in shares of Expeditors International of Washington Inc. (NASDAQ:EXPD) by 2.9% during the third quarter, Holdings Channel reports. The firm owned 151,082 shares of the company’s stock after selling 4,444 shares during the period. Chevy Chase Trust Holdings Inc.’s holdings in Expeditors International of Washington were worth $7,784,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Paradigm Asset Management Co. LLC boosted its position in shares of Expeditors International of Washington by 11.8% in the second quarter. Paradigm Asset Management Co. LLC now owns 2,450 shares of the company’s stock worth $120,000 after buying an additional 259 shares in the last quarter. Mizuho Asset Management Co. Ltd. boosted its position in shares of Expeditors International of Washington by 61.9% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 2,537 shares of the company’s stock worth $124,000 after buying an additional 970 shares in the last quarter. Creative Planning boosted its position in shares of Expeditors International of Washington by 10.2% in the second quarter. Creative Planning now owns 2,607 shares of the company’s stock worth $128,000 after buying an additional 241 shares in the last quarter. Global X Management Co. LLC boosted its position in shares of Expeditors International of Washington by 99.3% in the second quarter. Global X Management Co. LLC now owns 3,187 shares of the company’s stock worth $156,000 after buying an additional 1,588 shares in the last quarter. Finally, Seven Eight Capital LLC purchased a new position in shares of Expeditors International of Washington during the first quarter worth $165,000. Hedge funds and other institutional investors own 89.29% of the company’s stock.

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

Expeditors International of Washington Inc. (NASDAQ:EXPD) traded up 0.67% during midday trading on Tuesday, hitting $52.76. The company had a trading volume of 831,458 shares. The stock has a 50 day moving average price of $51.08 and a 200 day moving average price of $50.26. Expeditors International of Washington Inc. has a 52 week low of $40.41 and a 52 week high of $53.11. The company has a market capitalization of $9.52 billion, a P/E ratio of 22.35 and a beta of 0.69.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings data on Tuesday, November 8th. The company reported $0.59 EPS for the quarter, missing the consensus estimate of $0.65 by $0.06. The firm had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.58 billion. Expeditors International of Washington had a return on equity of 24.45% and a net margin of 7.18%. The company’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.62 earnings per share. Equities analysts forecast that Expeditors International of Washington Inc. will post $2.35 earnings per share for the current fiscal year.

The company also recently disclosed a dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be issued a dividend of $0.40 per share. The ex-dividend date is Tuesday, November 29th. Expeditors International of Washington’s payout ratio is currently 33.90%.

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EXPD has been the topic of a number of analyst reports. Barclays PLC reaffirmed a “buy” rating on shares of Expeditors International of Washington in a research note on Wednesday, November 9th. Stifel Nicolaus cut Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Wednesday, August 3rd. They noted that the move was a valuation call. Wolfe Research cut Expeditors International of Washington from a “peer perform” rating to an “underperform” rating in a research note on Wednesday, August 3rd. Credit Suisse Group AG reaffirmed a “sell” rating and issued a $46.00 price target on shares of Expeditors International of Washington in a research note on Wednesday, August 3rd. Finally, Zacks Investment Research raised Expeditors International of Washington from a “sell” rating to a “hold” rating in a research note on Wednesday, November 23rd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. Expeditors International of Washington presently has an average rating of “Hold” and a consensus price target of $50.80.

In other news, Director Michael J. Malone sold 51,559 shares of Expeditors International of Washington stock in a transaction on Monday, November 14th. The stock was sold at an average price of $51.63, for a total value of $2,661,991.17. Following the transaction, the director now directly owns 133,074 shares in the company, valued at approximately $6,870,610.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael J. Malone sold 32,000 shares of Expeditors International of Washington stock in a transaction on Thursday, November 17th. The shares were sold at an average price of $51.13, for a total value of $1,636,160.00. Following the completion of the transaction, the director now owns 86,771 shares in the company, valued at $4,436,601.23. The disclosure for this sale can be found here. Company insiders own 0.86% of the company’s stock.

Expeditors International of Washington Company Profile

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.

5 Day Chart for NASDAQ:EXPD

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