Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. cut its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 0.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 386,322 shares of the transportation company’s stock after selling 1,549 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.27% of Expeditors International of Washington worth $50,763,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Black Diamond Financial LLC boosted its stake in Expeditors International of Washington by 5.4% during the second quarter. Black Diamond Financial LLC now owns 1,748 shares of the transportation company’s stock worth $218,000 after buying an additional 89 shares during the last quarter. Blair William & Co. IL raised its position in Expeditors International of Washington by 1.2% in the second quarter. Blair William & Co. IL now owns 7,776 shares of the transportation company’s stock valued at $970,000 after purchasing an additional 95 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in Expeditors International of Washington by 1.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,853 shares of the transportation company’s stock valued at $730,000 after purchasing an additional 104 shares during the period. Values First Advisors Inc. raised its position in Expeditors International of Washington by 0.7% in the second quarter. Values First Advisors Inc. now owns 16,582 shares of the transportation company’s stock valued at $2,069,000 after purchasing an additional 112 shares during the period. Finally, Fidelis Capital Partners LLC raised its holdings in shares of Expeditors International of Washington by 5.4% in the 2nd quarter. Fidelis Capital Partners LLC now owns 2,282 shares of the transportation company’s stock valued at $267,000 after buying an additional 116 shares during the period. 94.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Bank of America boosted their price objective on Expeditors International of Washington from $131.00 to $132.00 and gave the company a “neutral” rating in a report on Monday, July 22nd. TD Cowen boosted their price objective on Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a report on Wednesday, November 6th. Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, August 7th. UBS Group upgraded Expeditors International of Washington from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $95.00 to $137.00 in a report on Thursday, August 1st. Finally, Barclays boosted their target price on Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 6th. Four equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $118.44.

Expeditors International of Washington Stock Performance

NASDAQ:EXPD opened at $120.12 on Friday. The stock has a 50-day simple moving average of $122.06 and a 200-day simple moving average of $121.54. The stock has a market cap of $16.81 billion, a P/E ratio of 23.42, a P/E/G ratio of 3.43 and a beta of 0.98. Expeditors International of Washington, Inc. has a 1 year low of $111.20 and a 1 year high of $131.59.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings data on Tuesday, November 5th. The transportation company reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.30. The business had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.47 billion. Expeditors International of Washington had a return on equity of 32.12% and a net margin of 7.39%. The business’s quarterly revenue was up 37.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.16 EPS. On average, equities research analysts predict that Expeditors International of Washington, Inc. will post 5.37 EPS for the current year.

Expeditors International of Washington Dividend Announcement

The company also recently announced a semi-annual dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a $0.73 dividend. The ex-dividend date is Monday, December 2nd. This represents a dividend yield of 1.2%. Expeditors International of Washington’s dividend payout ratio (DPR) is presently 28.46%.

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.