Bank of Nova Scotia Has $5.93 Million Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Bank of Nova Scotia cut its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPDGet Rating) by 56.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 60,846 shares of the transportation company’s stock after selling 77,734 shares during the period. Bank of Nova Scotia’s holdings in Expeditors International of Washington were worth $5,926,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Valley National Advisers Inc. grew its stake in shares of Expeditors International of Washington by 605.6% during the second quarter. Valley National Advisers Inc. now owns 254 shares of the transportation company’s stock worth $25,000 after purchasing an additional 218 shares during the period. Allworth Financial LP grew its stake in Expeditors International of Washington by 2,866.7% in the second quarter. Allworth Financial LP now owns 267 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 258 shares during the period. Lindbrook Capital LLC grew its stake in Expeditors International of Washington by 78.0% in the second quarter. Lindbrook Capital LLC now owns 283 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 124 shares during the period. TCI Wealth Advisors Inc. grew its stake in Expeditors International of Washington by 3,625.0% in the second quarter. TCI Wealth Advisors Inc. now owns 298 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 290 shares during the period. Finally, Venture Visionary Partners LLC acquired a new position in Expeditors International of Washington in the second quarter valued at about $29,000. 89.56% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP Jeffrey F. Dickerman sold 986 shares of Expeditors International of Washington stock in a transaction that occurred on Wednesday, November 9th. The shares were sold at an average price of $106.59, for a total value of $105,097.74. Following the sale, the vice president now owns 1,770 shares of the company’s stock, valued at approximately $188,664.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, VP Jeffrey F. Dickerman sold 986 shares of Expeditors International of Washington stock in a transaction that occurred on Wednesday, November 9th. The shares were sold at an average price of $106.59, for a total value of $105,097.74. Following the completion of the transaction, the vice president now directly owns 1,770 shares in the company, valued at approximately $188,664.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Bradley S. Powell sold 17,206 shares of Expeditors International of Washington stock in a transaction that occurred on Wednesday, November 9th. The shares were sold at an average price of $106.23, for a total transaction of $1,827,793.38. The disclosure for this sale can be found here. 0.55% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on EXPD. StockNews.com began coverage on Expeditors International of Washington in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Susquehanna decreased their target price on Expeditors International of Washington from $110.00 to $95.00 in a research note on Wednesday, November 9th. Morgan Stanley decreased their target price on Expeditors International of Washington from $94.00 to $86.00 and set an “underweight” rating for the company in a research note on Monday, October 3rd. Susquehanna Bancshares decreased their target price on Expeditors International of Washington from $110.00 to $95.00 in a research note on Wednesday, November 9th. Finally, Barclays cut their price target on Expeditors International of Washington from $95.00 to $90.00 and set an “underweight” rating on the stock in a report on Thursday, October 13th. Three equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, Expeditors International of Washington has an average rating of “Hold” and an average price target of $101.75.

Expeditors International of Washington Stock Down 0.1 %

Expeditors International of Washington stock opened at $111.79 on Tuesday. Expeditors International of Washington, Inc. has a 52 week low of $86.08 and a 52 week high of $137.80. The company’s 50 day moving average price is $95.03 and its two-hundred day moving average price is $100.32. The stock has a market cap of $17.79 billion, a P/E ratio of 11.74 and a beta of 0.93.

Expeditors International of Washington (NASDAQ:EXPDGet Rating) last posted its earnings results on Tuesday, November 8th. The transportation company reported $2.54 EPS for the quarter, topping the consensus estimate of $1.91 by $0.63. Expeditors International of Washington had a net margin of 8.36% and a return on equity of 44.27%. The firm had revenue of $4.36 billion for the quarter, compared to analysts’ expectations of $4.21 billion. During the same quarter last year, the firm earned $2.09 EPS. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. On average, equities analysts anticipate that Expeditors International of Washington, Inc. will post 8.14 EPS for the current year.

Expeditors International of Washington Announces Dividend

The business also recently declared a Semi-Annual dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be issued a $0.67 dividend. The ex-dividend date of this dividend is Wednesday, November 30th. This represents a dividend yield of 1.2%. Expeditors International of Washington’s dividend payout ratio (DPR) is presently 14.08%.

Expeditors International of Washington Company Profile

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Expeditors International of Washington, Inc 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.

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Institutional Ownership by Quarter for Expeditors International of Washington (NASDAQ:EXPD)

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