Amundi Cuts Stock Position in Expeditors International of Washington, Inc. $EXPD

Amundi cut its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 13.0% during the second quarter, Holdings Channel.com reports. The institutional investor owned 1,105,517 shares of the transportation company’s stock after selling 165,391 shares during the period. Amundi’s holdings in Expeditors International of Washington were worth $132,067,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in EXPD. Zions Bancorporation National Association UT purchased a new position in Expeditors International of Washington in the first quarter worth approximately $30,000. Vermillion & White Wealth Management Group LLC raised its position in Expeditors International of Washington by 82.3% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 268 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 121 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new stake in shares of Expeditors International of Washington during the second quarter worth about $34,000. Ransom Advisory Ltd acquired a new stake in Expeditors International of Washington during the 1st quarter worth approximately $41,000. Finally, Twin Tree Management LP acquired a new stake in shares of Expeditors International of Washington during the first quarter worth $42,000. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on EXPD shares. Zacks Research raised Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 11th. JPMorgan Chase & Co. upped their target price on Expeditors International of Washington from $116.00 to $134.00 and gave the company an “underweight” rating in a research note on Wednesday, November 5th. Stifel Nicolaus lifted their target price on Expeditors International of Washington from $114.00 to $130.00 and gave the company a “hold” rating in a report on Thursday, November 6th. Bank of America upgraded shares of Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $142.00 price objective for the company in a research note on Wednesday, November 5th. Finally, UBS Group upgraded Expeditors International of Washington from a “neutral” rating to a “buy” rating and increased their target price for the company from $138.00 to $166.00 in a research note on Monday, November 17th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, seven have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $131.89.

Insider Activity at Expeditors International of Washington

In other Expeditors International of Washington news, Director Mark A. Emmert sold 5,400 shares of Expeditors International of Washington stock in a transaction on Friday, November 7th. The shares were sold at an average price of $135.25, for a total value of $730,350.00. Following the completion of the transaction, the director owned 6,468 shares of the company’s stock, valued at $874,797. The trade was a 45.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Jeffrey F. Dickerman sold 1,500 shares of the business’s stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $134.17, for a total transaction of $201,255.00. Following the sale, the vice president owned 6,151 shares of the company’s stock, valued at approximately $825,279.67. The trade was a 19.61% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.69% of the stock is currently owned by company insiders.

Expeditors International of Washington Stock Performance

EXPD opened at $151.39 on Monday. The company has a market capitalization of $20.29 billion, a P/E ratio of 26.47, a PEG ratio of 5.00 and a beta of 1.15. The company has a 50-day moving average of $130.73 and a 200-day moving average of $121.94. Expeditors International of Washington, Inc. has a 1-year low of $100.47 and a 1-year high of $151.67.

Expeditors International of Washington Announces Dividend

The company also recently announced a dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be given a $0.77 dividend. The ex-dividend date is Monday, December 1st. This represents a dividend yield of 105.0%. Expeditors International of Washington’s dividend payout ratio (DPR) is presently 25.12%.

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.