Axa S.A. Sells 48,342 Shares of Expeditors International of Washington, Inc. $EXPD

Axa S.A. trimmed its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 14.8% during the second quarter, HoldingsChannel reports. The fund owned 278,092 shares of the transportation company’s stock after selling 48,342 shares during the quarter. Axa S.A.’s holdings in Expeditors International of Washington were worth $31,772,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of EXPD. Atria Investments Inc increased its holdings in Expeditors International of Washington by 0.3% in the second quarter. Atria Investments Inc now owns 33,522 shares of the transportation company’s stock valued at $3,830,000 after purchasing an additional 91 shares during the period. Forum Financial Management LP grew its position in shares of Expeditors International of Washington by 3.9% in the 2nd quarter. Forum Financial Management LP now owns 2,714 shares of the transportation company’s stock valued at $310,000 after buying an additional 101 shares during the last quarter. Ancora Advisors LLC grew its position in shares of Expeditors International of Washington by 0.7% in the 1st quarter. Ancora Advisors LLC now owns 15,975 shares of the transportation company’s stock valued at $1,921,000 after buying an additional 118 shares during the last quarter. Certuity LLC increased its stake in shares of Expeditors International of Washington by 3.4% in the second quarter. Certuity LLC now owns 3,635 shares of the transportation company’s stock valued at $415,000 after buying an additional 120 shares during the period. Finally, Vermillion & White Wealth Management Group LLC raised its position in shares of Expeditors International of Washington by 82.3% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 268 shares of the transportation company’s stock worth $31,000 after acquiring an additional 121 shares during the last quarter. Institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Stock Performance

EXPD stock opened at $147.68 on Wednesday. The stock’s 50 day simple moving average is $131.74 and its 200 day simple moving average is $122.42. Expeditors International of Washington, Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $151.67. The company has a market cap of $19.79 billion, a P/E ratio of 25.82, a price-to-earnings-growth ratio of 5.00 and a beta of 1.15.

Expeditors International of Washington Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Bank of America upgraded Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $142.00 target price on the stock in a report on Wednesday, November 5th. Morgan Stanley upped their price objective on shares of Expeditors International of Washington from $90.00 to $95.00 and gave the company an “underweight” rating in a research note on Monday. JPMorgan Chase & Co. increased 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. Zacks Research upgraded shares of Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 11th. Finally, Truist Financial upped their price target on shares of Expeditors International of Washington from $120.00 to $130.00 and gave the company a “hold” rating in a research report on Wednesday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, seven have assigned a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Expeditors International of Washington currently has an average rating of “Reduce” and an average target price of $128.20.

Insider Transactions at Expeditors International of Washington

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 5th. The stock was 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 approximately $825,279.67. The trade was a 19.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Mark A. Emmert sold 5,400 shares of the stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $135.25, for a total value of $730,350.00. Following the completion of the sale, 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 ownership of the stock. The SEC filing for this sale provides additional information. 0.69% of the stock is owned by company insiders.

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.