Northwestern Mutual Wealth Management Co. cut its holdings in shares of Expeditors International of Washington (NASDAQ:EXPD) by 16.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,283 shares of the transportation company’s stock after selling 464 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Expeditors International of Washington were worth $173,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Papp L Roy & Associates lifted its position in shares of Expeditors International of Washington by 0.8% during the 4th quarter. Papp L Roy & Associates now owns 119,137 shares of the transportation company’s stock worth $8,112,000 after buying an additional 904 shares during the period. Confluence Investment Management LLC grew its position in shares of Expeditors International of Washington by 4.2% in the first quarter. Confluence Investment Management LLC now owns 251,592 shares of the transportation company’s stock valued at $19,096,000 after purchasing an additional 10,096 shares during the last quarter. Vanguard Group Inc grew its position in shares of Expeditors International of Washington by 1.7% in the third quarter. Vanguard Group Inc now owns 20,535,471 shares of the transportation company’s stock valued at $1,509,974,000 after purchasing an additional 336,122 shares during the last quarter. Dupont Capital Management Corp grew its position in Expeditors International of Washington by 6.1% during the fourth quarter. Dupont Capital Management Corp now owns 5,467 shares of the transportation company’s stock worth $372,000 after buying an additional 313 shares in the last quarter. Finally, TrimTabs Asset Management LLC grew its position in Expeditors International of Washington by 5.0% during the first quarter. TrimTabs Asset Management LLC now owns 17,764 shares of the transportation company’s stock worth $1,348,000 after buying an additional 847 shares in the last quarter. Institutional investors and hedge funds own 92.34% of the company’s stock.

Several brokerages recently issued reports on EXPD. BidaskClub raised Expeditors International of Washington from a “hold” rating to a “buy” rating in a research report on Wednesday, April 3rd. ValuEngine upgraded Expeditors International of Washington from a “hold” rating to a “buy” rating in a report on Friday, March 15th. Stifel Nicolaus set a $77.00 price target on Expeditors International of Washington and gave the stock a “hold” rating in a report on Friday, February 22nd. Zacks Investment Research upgraded Expeditors International of Washington from a “sell” rating to a “hold” rating and set a $75.00 price target for the company in a report on Monday, May 27th. Finally, Loop Capital assumed coverage on Expeditors International of Washington in a research note on Thursday, May 30th. They issued a “hold” rating and a $78.00 target price for the company. Two analysts have rated the stock with a sell rating and eight have given a hold rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $73.00.

Shares of EXPD traded up $0.57 during trading hours on Wednesday, hitting $73.59. The stock had a trading volume of 24,356 shares, compared to its average volume of 1,101,442. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.22 and a quick ratio of 2.22. The company has a market cap of $12.56 billion, a PE ratio of 21.14 and a beta of 0.88. Expeditors International of Washington has a 1-year low of $62.90 and a 1-year high of $80.69.

Expeditors International of Washington (NASDAQ:EXPD) last issued its earnings results on Tuesday, May 7th. The transportation company reported $0.80 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by ($0.05). The firm had revenue of $2.02 billion during the quarter, compared to analyst estimates of $1.99 billion. Expeditors International of Washington had a net margin of 7.49% and a return on equity of 31.25%. The business’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.76 earnings per share. Analysts expect that Expeditors International of Washington will post 3.46 EPS for the current fiscal year.

The company also recently announced a semiannual dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be paid a $0.50 dividend. The ex-dividend date of this dividend is Friday, May 31st. This is an increase from Expeditors International of Washington’s previous semiannual dividend of $0.45. This represents a dividend yield of 1.35%. Expeditors International of Washington’s dividend payout ratio (DPR) is currently 28.74%.

In other Expeditors International of Washington news, VP Christopher J. Mcclincy sold 1,960 shares of Expeditors International of Washington stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $77.09, for a total transaction of $151,096.40. Following the completion of the transaction, the vice president now owns 12,848 shares in the company, valued at approximately $990,452.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.20% of the company’s stock.

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About Expeditors International of Washington

Expeditors International of Washington, Inc provides logistics services in the Americas, North Asia, South Asia, Europe, the Middle East, Africa, and India. 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, 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, and other logistics solutions.

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

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