Capital Fund Management S.A. Reduces Stake in Expeditors International of Washington, Inc. $EXPD

Capital Fund Management S.A. lessened its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 44.9% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 76,574 shares of the transportation company’s stock after selling 62,318 shares during the quarter. Capital Fund Management S.A. owned 0.06% of Expeditors International of Washington worth $8,749,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of EXPD. Vermillion & White Wealth Management Group LLC lifted its stake in shares of Expeditors International of Washington by 82.3% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 268 shares of the transportation company’s stock worth $31,000 after purchasing an additional 121 shares during the period. Elo Mutual Pension Insurance Co boosted its stake in shares of Expeditors International of Washington by 3.4% during the 2nd quarter. Elo Mutual Pension Insurance Co now owns 20,781 shares of the transportation company’s stock worth $2,374,000 after acquiring an additional 692 shares during the last quarter. Prudential Financial Inc. increased its stake in shares of Expeditors International of Washington by 7.2% in the 2nd quarter. Prudential Financial Inc. now owns 82,596 shares of the transportation company’s stock worth $9,437,000 after purchasing an additional 5,537 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Expeditors International of Washington by 0.5% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 981,293 shares of the transportation company’s stock worth $112,113,000 after purchasing an additional 4,964 shares during the period. Finally, American Century Companies Inc. lifted its position in Expeditors International of Washington by 48.0% during the second quarter. American Century Companies Inc. now owns 364,050 shares of the transportation company’s stock valued at $41,593,000 after purchasing an additional 118,114 shares in the last quarter. 94.02% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, VP Jeffrey F. Dickerman sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $134.17, for a total transaction of $201,255.00. Following the sale, the vice president directly owned 6,151 shares of the company’s stock, valued at $825,279.67. This represents a 19.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark A. Emmert sold 5,400 shares of the stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $135.25, for a total value of $730,350.00. Following the transaction, the director owned 6,468 shares of the company’s stock, valued at $874,797. This represents a 45.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.69% of the company’s stock.

Expeditors International of Washington Stock Down 0.6%

Shares of EXPD stock opened at $146.41 on Friday. The stock has a market cap of $19.62 billion, a P/E ratio of 25.60, a PEG ratio of 5.00 and a beta of 1.09. The company’s fifty day simple moving average is $127.97 and its two-hundred day simple moving average is $120.75. Expeditors International of Washington, Inc. has a 52 week low of $100.47 and a 52 week high of $148.38.

Expeditors International of Washington Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts have recently commented on EXPD shares. Zacks Research raised Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 11th. Stifel Nicolaus upped their price target on shares of 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. UBS Group upgraded shares of Expeditors International of Washington from a “neutral” rating to a “buy” rating and raised their price objective for the company from $138.00 to $166.00 in a research report on Monday, November 17th. JPMorgan Chase & Co. upped their target price 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. Finally, Bank of America raised Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $142.00 price target on the stock in a report on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, seven have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Expeditors International of Washington presently has a consensus rating of “Hold” and a consensus price target 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.