Legal & General Group Plc Trims Position in Expeditors International of Washington, Inc. $EXPD

Legal & General Group Plc lowered its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 7.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,111,200 shares of the transportation company’s stock after selling 88,407 shares during the quarter. Legal & General Group Plc owned approximately 0.81% of Expeditors International of Washington worth $126,955,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EXPD. MAI Capital Management lifted its stake in shares of Expeditors International of Washington by 24.9% during the 2nd quarter. MAI Capital Management now owns 4,441 shares of the transportation company’s stock worth $507,000 after purchasing an additional 884 shares during the period. Neo Ivy Capital Management acquired a new position in Expeditors International of Washington in the second quarter valued at $768,000. Entropy Technologies LP lifted its position in Expeditors International of Washington by 121.9% during the second quarter. Entropy Technologies LP now owns 7,974 shares of the transportation company’s stock worth $911,000 after buying an additional 4,380 shares during the period. Swiss National Bank boosted its stake in Expeditors International of Washington by 5.6% in the 2nd quarter. Swiss National Bank now owns 417,000 shares of the transportation company’s stock worth $47,642,000 after buying an additional 22,100 shares during the last quarter. Finally, Handelsbanken Fonder AB grew its holdings in Expeditors International of Washington by 53.7% in the 2nd quarter. Handelsbanken Fonder AB now owns 109,160 shares of the transportation company’s stock valued at $12,472,000 after buying an additional 38,117 shares during the period. 94.02% of the stock is owned by hedge funds and other institutional investors.

Expeditors International of Washington Stock Up 0.8%

Shares of EXPD stock opened at $144.37 on Tuesday. Expeditors International of Washington, Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $146.27. The firm’s 50 day moving average price is $126.07 and its two-hundred day moving average price is $119.85. The stock has a market cap of $19.35 billion, a price-to-earnings ratio of 25.24, a price-to-earnings-growth ratio of 5.00 and a beta of 1.09.

Expeditors International of Washington Announces Dividend

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

Insider Activity

In other news, Director Mark A. Emmert sold 5,400 shares of the stock in a transaction dated 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 owned 6,468 shares in the company, valued at approximately $874,797. This trade represents a 45.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Jeffrey F. Dickerman sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $134.17, for a total value of $201,255.00. Following the sale, the vice president owned 6,151 shares in the company, valued at approximately $825,279.67. The trade was a 19.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.69% of the company’s stock.

Analysts Set New Price Targets

EXPD has been the topic of several recent analyst reports. 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 report on Wednesday, November 5th. Barclays upped their price target on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a research report on Thursday, September 11th. 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 on the stock in a research note on Wednesday, November 5th. UBS Group raised shares of Expeditors International of Washington from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $138.00 to $166.00 in a research note on Monday, November 17th. Finally, Zacks Research upgraded Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 11th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $131.89.

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.