Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Sold by Foster & Motley Inc.

Foster & Motley Inc. lowered its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 16.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,681 shares of the transportation company's stock after selling 3,006 shares during the period. Foster & Motley Inc.'s holdings in Expeditors International of Washington were worth $1,737,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of EXPD. Forsta AP Fonden increased its stake in Expeditors International of Washington by 7.8% in the fourth quarter. Forsta AP Fonden now owns 83,200 shares of the transportation company's stock valued at $9,216,000 after purchasing an additional 6,000 shares during the last quarter. Asset Dedication LLC boosted its holdings in shares of Expeditors International of Washington by 339.9% in the 4th quarter. Asset Dedication LLC now owns 651 shares of the transportation company's stock valued at $72,000 after buying an additional 503 shares in the last quarter. KBC Group NV grew its position in shares of Expeditors International of Washington by 836.7% in the 4th quarter. KBC Group NV now owns 339,705 shares of the transportation company's stock valued at $37,629,000 after buying an additional 303,438 shares during the last quarter. Blue Trust Inc. raised its stake in Expeditors International of Washington by 12.4% during the 4th quarter. Blue Trust Inc. now owns 2,537 shares of the transportation company's stock worth $281,000 after acquiring an additional 280 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in Expeditors International of Washington by 12.7% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 29,023 shares of the transportation company's stock valued at $3,215,000 after acquiring an additional 3,266 shares during the last quarter. Hedge funds and other institutional investors own 94.02% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Wolfe Research lowered Expeditors International of Washington from a "hold" rating to a "strong sell" rating in a report on Wednesday, October 9th. Stifel Nicolaus dropped their price target on Expeditors International of Washington from $122.00 to $117.00 and set a "hold" rating on the stock in a research note on Thursday, January 23rd. Bank of America reduced their price objective on Expeditors International of Washington from $129.00 to $120.00 and set a "neutral" rating for the company in a research note on Thursday, January 16th. TD Cowen raised their target price on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the stock a "sell" rating in a research report on Wednesday, November 6th. Finally, StockNews.com raised shares of Expeditors International of Washington from a "hold" rating to a "buy" rating in a report on Tuesday. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $117.44.

Expeditors International of Washington Stock Performance

EXPD traded down $0.16 during trading on Friday, hitting $113.58. The stock had a trading volume of 1,209,545 shares, compared to its average volume of 1,023,822. The firm has a market capitalization of $15.90 billion, a P/E ratio of 22.14, a PEG ratio of 3.89 and a beta of 0.99. Expeditors International of Washington, Inc. has a twelve month low of $108.36 and a twelve month high of $131.59. The company's 50-day moving average price is $114.77 and its 200 day moving average price is $119.41.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last issued its quarterly earnings results on Tuesday, November 5th. The transportation company reported $1.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.33 by $0.30. The business had revenue of $3 billion for the quarter, compared to analyst estimates of $2.47 billion. Expeditors International of Washington had a net margin of 7.39% and a return on equity of 32.12%. The business's revenue was up 37.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.16 earnings per share. As a group, equities analysts expect that Expeditors International of Washington, Inc. will post 5.47 earnings per share for the current fiscal year.

Expeditors International of Washington Dividend Announcement

The firm also recently declared a semi-annual dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were issued a $0.73 dividend. The ex-dividend date was Monday, December 2nd. This represents a dividend yield of 1.2%. Expeditors International of Washington's dividend payout ratio is currently 28.46%.

Insider Activity at Expeditors International of Washington

In other Expeditors International of Washington news, Director Robert Paul Carlile sold 3,000 shares of the company's stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $121.11, for a total transaction of $363,330.00. Following the transaction, the director now directly owns 9,662 shares in the company, valued at approximately $1,170,164.82. This represents a 23.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.69% of the company's stock.

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.