CWA Asset Management Group LLC Reduces Stock Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

CWA Asset Management Group LLC trimmed its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 92.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,075 shares of the transportation company's stock after selling 25,666 shares during the quarter. CWA Asset Management Group LLC's holdings in Expeditors International of Washington were worth $230,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Pensionfund Sabic acquired a new position in shares of Expeditors International of Washington in the fourth quarter worth about $1,329,000. Nordea Investment Management AB raised its position in Expeditors International of Washington by 11.6% during the fourth quarter. Nordea Investment Management AB now owns 568,255 shares of the transportation company's stock worth $63,224,000 after acquiring an additional 59,086 shares during the period. GAMMA Investing LLC lifted its holdings in Expeditors International of Washington by 4.5% during the fourth quarter. GAMMA Investing LLC now owns 3,622 shares of the transportation company's stock valued at $401,000 after purchasing an additional 155 shares in the last quarter. Versant Capital Management Inc grew its position in shares of Expeditors International of Washington by 5.5% in the fourth quarter. Versant Capital Management Inc now owns 3,013 shares of the transportation company's stock valued at $334,000 after purchasing an additional 157 shares during the period. Finally, Principal Financial Group Inc. increased its stake in shares of Expeditors International of Washington by 0.3% during the third quarter. Principal Financial Group Inc. now owns 1,161,027 shares of the transportation company's stock worth $152,559,000 after purchasing an additional 4,044 shares in the last quarter. 94.02% of the stock is owned by institutional investors and hedge funds.

Expeditors International of Washington Price Performance

Shares of NASDAQ:EXPD traded down $3.91 during midday trading on Friday, reaching $108.98. 2,136,485 shares of the company's stock were exchanged, compared to its average volume of 1,119,348. The firm's 50 day simple moving average is $117.20 and its two-hundred day simple moving average is $120.58. Expeditors International of Washington, Inc. has a fifty-two week low of $108.36 and a fifty-two week high of $131.59. The stock has a market cap of $15.25 billion, a price-to-earnings ratio of 21.24, a P/E/G ratio of 3.36 and a beta of 0.99.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last issued its quarterly earnings data on Tuesday, November 5th. The transportation company reported $1.63 EPS for the quarter, topping the consensus estimate of $1.33 by $0.30. Expeditors International of Washington had a net margin of 7.39% and a return on equity of 32.12%. The firm had revenue of $3 billion for the quarter, compared to analyst estimates of $2.47 billion. During the same period in the prior year, the business posted $1.16 EPS. The business's revenue for the quarter was up 37.0% compared to the same quarter last year. Equities research analysts predict that Expeditors International of Washington, Inc. will post 5.43 earnings per share for the current fiscal year.

Expeditors International of Washington Announces Dividend

The company also recently announced a semi-annual dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were paid a dividend of $0.73 per share. This represents a yield of 1.2%. The ex-dividend date of this dividend was Monday, December 2nd. Expeditors International of Washington's payout ratio is 28.46%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on EXPD shares. Wolfe Research lowered shares of Expeditors International of Washington from a "hold" rating to a "strong sell" rating in a research note on Wednesday, October 9th. Barclays raised their target price on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock an "underweight" rating in a research note on Wednesday, November 6th. Finally, TD Cowen upped their price target on Expeditors International of Washington from $106.00 to $108.00 and gave the company a "sell" rating in a research report on Wednesday, November 6th. Four investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company's stock. According to MarketBeat, Expeditors International of Washington presently has an average rating of "Hold" and a consensus price target of $118.44.

Insider Activity at Expeditors International of Washington

In related news, Director Robert Paul Carlile sold 3,000 shares of Expeditors International of Washington stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $121.11, for a total value of $363,330.00. Following the completion of the transaction, the director now directly owns 9,662 shares in the company, valued at approximately $1,170,164.82. This trade represents a 23.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.69% of the stock is currently owned by company insiders.

About Expeditors International of Washington

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.