State Street Corp Cuts Stock Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

State Street Corp trimmed its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 3.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,225,460 shares of the transportation company's stock after selling 226,968 shares during the period. State Street Corp owned about 5.16% of Expeditors International of Washington worth $949,425,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Cetera Investment Advisers raised its position in shares of Expeditors International of Washington by 119.4% during the first quarter. Cetera Investment Advisers now owns 13,585 shares of the transportation company's stock worth $1,652,000 after acquiring an additional 7,392 shares during the last quarter. Cetera Advisors LLC acquired a new position in shares of Expeditors International of Washington in the 1st quarter worth approximately $729,000. CWM LLC lifted its position in shares of Expeditors International of Washington by 3.4% in the 2nd quarter. CWM LLC now owns 9,846 shares of the transportation company's stock worth $1,229,000 after purchasing an additional 326 shares during the period. Gateway Investment Advisers LLC boosted its stake in shares of Expeditors International of Washington by 5.1% in the 2nd quarter. Gateway Investment Advisers LLC now owns 9,013 shares of the transportation company's stock valued at $1,125,000 after purchasing an additional 440 shares during the last quarter. Finally, Czech National Bank increased its position in shares of Expeditors International of Washington by 5.3% during the second quarter. Czech National Bank now owns 26,930 shares of the transportation company's stock worth $3,361,000 after buying an additional 1,349 shares during the period. 94.02% of the stock is owned by institutional investors.

Expeditors International of Washington Stock Down 1.0 %

EXPD traded down $1.17 during trading on Friday, hitting $119.28. 974,507 shares of the company's stock were exchanged, compared to its average volume of 1,022,427. Expeditors International of Washington, Inc. has a fifty-two week low of $111.20 and a fifty-two week high of $131.59. The stock has a market cap of $16.70 billion, a P/E ratio of 23.25, a PEG ratio of 3.44 and a beta of 0.97. The business's 50 day moving average is $121.01 and its two-hundred day moving average is $122.04.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last announced its quarterly earnings results on Tuesday, November 5th. The transportation company reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.30. The business had revenue of $3 billion for the quarter, compared to analysts' expectations of $2.47 billion. Expeditors International of Washington had a net margin of 7.39% and a return on equity of 32.12%. The firm's revenue for the quarter was up 37.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.16 EPS. On average, sell-side analysts forecast that Expeditors International of Washington, Inc. will post 5.43 earnings per share for the current year.

Expeditors International of Washington Announces Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.73 per share. This represents a yield of 1.2%. The ex-dividend date of this dividend is Monday, December 2nd. Expeditors International of Washington's dividend payout ratio (DPR) is presently 28.46%.

Wall Street Analysts Forecast Growth

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

Expeditors International of Washington Company 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.