Expeditors International of Washington, Inc. $EXPD Shares Sold by Capital Investment Counsel Inc

Capital Investment Counsel Inc cut its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 6.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,115 shares of the transportation company’s stock after selling 675 shares during the quarter. Capital Investment Counsel Inc’s holdings in Expeditors International of Washington were worth $1,041,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of EXPD. Zions Bancorporation National Association UT acquired a new stake in Expeditors International of Washington in the 1st quarter valued at about $30,000. Atlantic Union Bankshares Corp purchased a new stake in shares of Expeditors International of Washington in the 2nd quarter valued at approximately $34,000. Ransom Advisory Ltd acquired a new stake in shares of Expeditors International of Washington in the 1st quarter valued at $41,000. Twin Tree Management LP purchased a new stake in shares of Expeditors International of Washington during the 1st quarter worth $42,000. Finally, Addison Advisors LLC lifted its position in shares of Expeditors International of Washington by 79.1% during the 2nd quarter. Addison Advisors LLC now owns 385 shares of the transportation company’s stock worth $44,000 after purchasing an additional 170 shares during the last quarter. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Insider Buying and Selling at Expeditors International of Washington

In other Expeditors International of Washington news, Director Mark A. Emmert sold 5,400 shares of the firm’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $135.25, for a total transaction of $730,350.00. Following the transaction, the director directly owned 6,468 shares of the company’s stock, valued at approximately $874,797. This trade represents a 45.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 directly owned 6,151 shares of the company’s stock, valued at $825,279.67. The trade was a 19.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.69% of the company’s stock.

Expeditors International of Washington Trading Up 0.9%

EXPD stock opened at $140.80 on Thursday. The company has a market capitalization of $18.87 billion, a P/E ratio of 24.61, a PEG ratio of 5.00 and a beta of 1.09. The business has a 50 day simple moving average of $123.15 and a 200-day simple moving average of $118.04. Expeditors International of Washington, Inc. has a twelve month low of $100.47 and a twelve month high of $142.09.

Expeditors International of Washington Dividend Announcement

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

Analyst Ratings Changes

EXPD has been the topic of a number of analyst reports. Bank of America upgraded Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $142.00 price target on the stock in a research note on Wednesday, November 5th. TD Cowen boosted their target price on Expeditors International of Washington from $111.00 to $131.00 and gave the stock a “sell” rating in a research note on Wednesday, November 5th. Barclays increased their price target on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a research note on Thursday, September 11th. JPMorgan Chase & Co. boosted their price objective on shares of Expeditors International of Washington from $116.00 to $134.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 5th. Finally, Stifel Nicolaus increased their target price on shares of Expeditors International of Washington from $114.00 to $130.00 and gave the company a “hold” rating in a research report on Thursday, November 6th. Eight analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $128.78.

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.