Russell Investments Group Ltd. Sells 209,200 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Russell Investments Group Ltd. lowered its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 51.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 195,176 shares of the transportation company’s stock after selling 209,200 shares during the quarter. Russell Investments Group Ltd.’s holdings in Expeditors International of Washington were worth $23,628,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. First Horizon Advisors Inc. raised its holdings in Expeditors International of Washington by 53.8% in the 1st 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 increased its position in Expeditors International of Washington by 95.0% during the 1st quarter. Clear Street Markets LLC now owns 314 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 153 shares during the period. Covestor Ltd increased its position in Expeditors International of Washington by 103.6% during the 1st quarter. Covestor Ltd now owns 342 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 174 shares during the period. Raleigh Capital Management Inc. increased its position in Expeditors International of Washington by 36.9% during the 1st quarter. Raleigh Capital Management Inc. now owns 345 shares of the transportation company’s stock valued at $38,000 after purchasing an additional 93 shares during the period. Finally, Steward Partners Investment Advisory LLC increased its position in Expeditors International of Washington by 46.3% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 521 shares of the transportation company’s stock valued at $57,000 after purchasing an additional 165 shares during the period. Institutional investors own 96.73% of the company’s stock.

Expeditors International of Washington Trading Down 1.2 %

NASDAQ EXPD opened at $117.53 on Tuesday. The company has a fifty day simple moving average of $114.78 and a 200 day simple moving average of $116.76. Expeditors International of Washington, Inc. has a 12-month low of $102.75 and a 12-month high of $128.04. The company has a market cap of $17.09 billion, a P/E ratio of 22.22 and a beta of 1.01.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings results on Tuesday, November 7th. The transportation company reported $1.16 earnings per share (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 analyst estimates of $2.29 billion. During the same period in the previous year, the business posted $2.54 EPS. The business’s revenue for the quarter was down 49.8% compared to the same quarter last year. Sell-side analysts predict that Expeditors International of Washington, Inc. will post 5.19 EPS for the current year.

Expeditors International of Washington Announces Dividend

The business also recently disclosed a Semi-Annual dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a dividend of $0.69 per share. This represents a yield of 1.2%. The ex-dividend date of this dividend is Thursday, November 30th. Expeditors International of Washington’s dividend payout ratio (DPR) is presently 26.09%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. JPMorgan Chase & Co. decreased their target price 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. Morgan Stanley reduced 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. Susquehanna reduced 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. Finally, StockNews.com began 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.com, Expeditors International of Washington presently has an average rating of “Hold” and an average price target of $104.44.

Expeditors International of Washington 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.