Wedbush Securities Inc. Sells 385 Shares of Expeditors International of Washington, Inc. $EXPD

Wedbush Securities Inc. trimmed its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 1.8% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 20,983 shares of the transportation company’s stock after selling 385 shares during the period. Wedbush Securities Inc.’s holdings in Expeditors International of Washington were worth $2,397,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. First Eagle Investment Management LLC raised its stake in Expeditors International of Washington by 17.1% in the 2nd quarter. First Eagle Investment Management LLC now owns 6,279,825 shares of the transportation company’s stock valued at $717,470,000 after acquiring an additional 918,108 shares during the period. Boston Partners raised its position in shares of Expeditors International of Washington by 13.1% in the first quarter. Boston Partners now owns 4,295,924 shares of the transportation company’s stock valued at $516,385,000 after purchasing an additional 498,212 shares during the period. Invesco Ltd. lifted its stake in shares of Expeditors International of Washington by 23.4% during the 1st quarter. Invesco Ltd. now owns 3,039,899 shares of the transportation company’s stock worth $365,548,000 after buying an additional 576,468 shares during the last quarter. Baird Financial Group Inc. boosted its holdings in shares of Expeditors International of Washington by 4.8% during the 1st quarter. Baird Financial Group Inc. now owns 1,845,102 shares of the transportation company’s stock worth $221,874,000 after buying an additional 84,556 shares during the period. Finally, Marshfield Associates grew its stake in Expeditors International of Washington by 0.8% in the 1st quarter. Marshfield Associates now owns 1,841,746 shares of the transportation company’s stock valued at $221,470,000 after buying an additional 14,127 shares during the last quarter. 94.02% of the stock is owned by institutional investors and hedge funds.

Expeditors International of Washington Price Performance

Expeditors International of Washington stock opened at $137.28 on Friday. The firm has a market cap of $18.63 billion, a PE ratio of 24.00, a price-to-earnings-growth ratio of 5.00 and a beta of 1.09. The stock’s fifty day moving average price is $121.97 and its two-hundred day moving average price is $117.38. Expeditors International of Washington, Inc. has a one year low of $100.47 and a one year high of $140.72.

Expeditors International of Washington Dividend Announcement

The business also recently declared a dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be paid a $0.77 dividend. This represents a yield of 113.0%. The ex-dividend date of this dividend is Monday, December 1st. Expeditors International of Washington’s payout ratio is 25.12%.

Insider Buying and Selling

In related news, VP Jeffrey F. Dickerman sold 1,500 shares of the company’s stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $134.17, for a total transaction of $201,255.00. Following the completion of the sale, the vice president owned 6,151 shares of the company’s stock, valued at $825,279.67. This represents a 19.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.69% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on EXPD. Stifel Nicolaus raised their price objective on shares of Expeditors International of Washington from $114.00 to $130.00 and gave the stock a “hold” rating in a research report on Thursday. UBS Group lifted their price target on Expeditors International of Washington from $120.00 to $138.00 and gave the stock a “neutral” rating in a report on Wednesday. Barclays upped their price objective on Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a report on Thursday, September 11th. TD Cowen lifted their target price on Expeditors International of Washington from $111.00 to $131.00 and gave the stock a “sell” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. boosted their target price on shares of Expeditors International of Washington from $116.00 to $134.00 and gave the company an “underweight” rating in a research report on Wednesday. Eight research analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $128.78.

Expeditors International of Washington Profile

Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services worldwide. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, including ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, import, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, temperature-controlled transit, cargo insurance, specialized cargo monitoring and tracking, and other supply chain solutions.