Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Sold by Johnson Investment Counsel Inc.

Johnson Investment Counsel Inc. trimmed its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 4.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,928 shares of the transportation company’s stock after selling 303 shares during the period. Johnson Investment Counsel Inc.’s holdings in Expeditors International of Washington were worth $718,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of EXPD. First Horizon Advisors Inc. raised its position in shares of Expeditors International of Washington by 53.8% in the first quarter. First Horizon Advisors Inc. now owns 263 shares of the transportation company’s stock valued at $29,000 after buying an additional 92 shares during the last quarter. Clear Street Markets LLC raised its position in shares of Expeditors International of Washington by 95.0% in the first quarter. Clear Street Markets LLC now owns 314 shares of the transportation company’s stock valued at $35,000 after buying an additional 153 shares during the last quarter. Covestor Ltd raised its position in shares of Expeditors International of Washington by 103.6% in the first quarter. Covestor Ltd now owns 342 shares of the transportation company’s stock valued at $35,000 after buying an additional 174 shares during the last quarter. Raleigh Capital Management Inc. raised its position in shares of Expeditors International of Washington by 36.9% in the first quarter. Raleigh Capital Management Inc. now owns 345 shares of the transportation company’s stock valued at $38,000 after buying an additional 93 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC raised its position in shares of Expeditors International of Washington by 46.3% in the first quarter. Steward Partners Investment Advisory LLC now owns 521 shares of the transportation company’s stock valued at $57,000 after buying an additional 165 shares during the last quarter. 96.73% of the stock is currently owned by institutional investors and hedge funds.

Expeditors International of Washington Price Performance

Shares of EXPD stock opened at $117.53 on Tuesday. The firm has a market cap of $17.09 billion, a PE ratio of 22.22 and a beta of 1.01. The company has a 50-day moving average of $114.78 and a two-hundred day moving average of $116.76. Expeditors International of Washington, Inc. has a 1-year low of $102.75 and a 1-year high of $128.04.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings data on Tuesday, November 7th. The transportation company reported $1.16 EPS for the quarter, missing the consensus estimate of $1.25 by ($0.09). Expeditors International of Washington had a net margin of 7.77% and a return on equity of 28.76%. The business had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.29 billion. During the same period in the previous year, the business posted $2.54 EPS. The company’s revenue for the quarter was down 49.8% compared to the same quarter last year. Sell-side analysts anticipate that Expeditors International of Washington, Inc. will post 5.19 EPS for the current fiscal year.

Expeditors International of Washington Dividend Announcement

The company also recently declared a Semi-Annual dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a $0.69 dividend. The ex-dividend date is Thursday, November 30th. This represents a yield of 1.2%. Expeditors International of Washington’s dividend payout ratio is currently 26.09%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on EXPD shares. Susquehanna cut their price objective on shares of Expeditors International of Washington from $115.00 to $109.00 and set a “neutral” rating for the company in a research report on Wednesday, November 8th. Morgan Stanley cut their price objective on shares of Expeditors International of Washington from $85.00 to $84.00 and set an “underweight” rating for the company in a research report on Monday, November 13th. JPMorgan Chase & Co. cut their price objective on shares of Expeditors International of Washington from $110.00 to $107.00 and set an “underweight” rating for the company in a research report on Wednesday, November 8th. Stephens raised their price objective on shares of Expeditors International of Washington from $105.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 9th. Finally, StockNews.com started coverage on shares of Expeditors International of Washington in a research report on Thursday, October 5th. They set a “hold” rating for the company. Three analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. Based on data from MarketBeat, Expeditors International of Washington has a consensus rating of “Hold” and an average target price of $104.44.

Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc, together with its subsidiaries, 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, specialized cargo monitoring and tracking, and other supply chain solutions.