Commonwealth Equity Services Inc lowered its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 1.7% during the third quarter, Holdings Channel reports. The fund owned 13,924 shares of the company’s stock after selling 235 shares during the period. Commonwealth Equity Services Inc’s holdings in Expeditors International of Washington were worth $717,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in EXPD. Alps Advisors Inc. boosted its stake in shares of Expeditors International of Washington by 13.0% in the second quarter. Alps Advisors Inc. now owns 10,024 shares of the company’s stock worth $492,000 after buying an additional 1,156 shares during the last quarter. Lucus Advisors LLC bought a new stake in shares of Expeditors International of Washington during the second quarter worth about $349,000. Armstrong Henry H Associates Inc. boosted its stake in shares of Expeditors International of Washington by 0.3% in the second quarter. Armstrong Henry H Associates Inc. now owns 8,525 shares of the company’s stock worth $418,000 after buying an additional 25 shares during the last quarter. Aviance Capital Management LLC boosted its stake in shares of Expeditors International of Washington by 15.2% in the second quarter. Aviance Capital Management LLC now owns 8,243 shares of the company’s stock worth $404,000 after buying an additional 1,087 shares during the last quarter. Finally, Candriam Luxembourg S.C.A. boosted its stake in shares of Expeditors International of Washington by 23.5% in the second quarter. Candriam Luxembourg S.C.A. now owns 26,795 shares of the company’s stock worth $1,314,000 after buying an additional 5,095 shares during the last quarter. 89.36% of the stock is owned by hedge funds and other institutional investors.

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

Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) traded up 0.64% on Friday, reaching $53.87. The company had a trading volume of 1,039,137 shares. Expeditors International of Washington, Inc. has a 52-week low of $40.41 and a 52-week high of $56.37. The company’s 50-day moving average price is $53.70 and its 200-day moving average price is $51.29. The firm has a market capitalization of $9.72 billion, a price-to-earnings ratio of 22.82 and a beta of 0.68.

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

The business also recently announced a dividend, which was paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st were issued a $0.40 dividend. The ex-dividend date was Tuesday, November 29th. Expeditors International of Washington’s dividend payout ratio is presently 33.90%.

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A number of brokerages have issued reports on EXPD. Zacks Investment Research cut Expeditors International of Washington from a “hold” rating to a “sell” rating in a research report on Monday, December 12th. Barclays PLC reissued a “buy” rating on shares of Expeditors International of Washington in a research report on Wednesday, November 9th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. Expeditors International of Washington presently has an average rating of “Hold” and an average target price of $52.25.

In other news, Director Michael J. Malone sold 51,559 shares of the firm’s stock in a transaction that occurred 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 owns 133,074 shares in the company, valued at $6,870,610.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael J. Malone sold 32,000 shares of the firm’s stock in a transaction that occurred 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 approximately $4,436,601.23. The disclosure for this sale can be found here. 0.86% of the stock is owned by insiders.

About Expeditors International of Washington

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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