Mark Emmert Sells 5,400 Shares of Expeditors International of Washington (NASDAQ:EXPD) Stock

Expeditors International of Washington, Inc. (NASDAQ:EXPD) Director Mark Emmert sold 5,400 shares of the firm’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $135.25, for a total transaction of $730,350.00. Following the transaction, the director owned 6,468 shares in the company, valued at $874,797. This represents a 45.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Expeditors International of Washington Price Performance

Expeditors International of Washington stock opened at $139.46 on Wednesday. Expeditors International of Washington, Inc. has a one year low of $100.47 and a one year high of $141.79. The company’s fifty day moving average price is $122.74 and its two-hundred day moving average price is $117.88. The company has a market capitalization of $18.93 billion, a price-to-earnings ratio of 24.38, a PEG ratio of 5.00 and a beta of 1.09.

Expeditors International of Washington Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be paid a $0.77 dividend. This represents a dividend yield of 113.0%. The ex-dividend date of this dividend is Monday, December 1st. Expeditors International of Washington’s dividend payout ratio (DPR) is presently 25.12%.

Analyst Upgrades and Downgrades

EXPD has been the subject of a number of recent analyst reports. Stifel Nicolaus upped their target price on Expeditors International of Washington from $114.00 to $130.00 and gave the stock a “hold” rating in a research report on Thursday, November 6th. Bank of America raised shares of Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $142.00 price target for the company in a report on Wednesday, November 5th. UBS Group lifted their price objective on Expeditors International of Washington from $120.00 to $138.00 and gave the stock a “neutral” rating in a report on Wednesday, November 5th. Barclays lifted their target price on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a research report on Thursday, September 11th. Finally, JPMorgan Chase & Co. upped their price target on Expeditors International of Washington from $116.00 to $134.00 and gave the company an “underweight” rating in a research report on Wednesday, November 5th. Eight research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Expeditors International of Washington has an average rating of “Reduce” and a consensus price target of $128.78.

Institutional Investors Weigh In On Expeditors International of Washington

A number of institutional investors and hedge funds have recently made changes to their positions in EXPD. HighPoint Advisor Group LLC increased its position in Expeditors International of Washington by 4.2% in the third quarter. HighPoint Advisor Group LLC now owns 2,085 shares of the transportation company’s stock worth $256,000 after purchasing an additional 84 shares during the period. Atria Investments Inc raised its stake in shares of Expeditors International of Washington by 0.3% during the second quarter. Atria Investments Inc now owns 33,522 shares of the transportation company’s stock worth $3,830,000 after buying an additional 91 shares during the last quarter. Forum Financial Management LP boosted its stake in Expeditors International of Washington by 3.9% in the second quarter. Forum Financial Management LP now owns 2,714 shares of the transportation company’s stock valued at $310,000 after acquiring an additional 101 shares during the last quarter. Davidson Trust Co. boosted its stake in Expeditors International of Washington by 3.2% in the third quarter. Davidson Trust Co. now owns 3,688 shares of the transportation company’s stock valued at $452,000 after acquiring an additional 113 shares during the last quarter. Finally, Bessemer Group Inc. raised its position in shares of Expeditors International of Washington by 1.4% during the 3rd quarter. Bessemer Group Inc. now owns 8,593 shares of the transportation company’s stock valued at $1,054,000 after acquiring an additional 115 shares during the last quarter. Institutional investors own 94.02% of the company’s stock.

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.