US Bancorp DE reduced its position in shares of Expeditors International of Washington Inc. (NASDAQ:EXPD) by 0.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 227,785 shares of the company’s stock after selling 2 shares during the period. US Bancorp DE owned 0.13% of Expeditors International of Washington worth $11,736,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in EXPD. MSI Financial Services Inc increased its position in Expeditors International of Washington by 0.6% in the third quarter. MSI Financial Services Inc now owns 2,820 shares of the company’s stock valued at $145,000 after buying an additional 18 shares during the period. Canandaigua National Bank & Trust Co. increased its position in Expeditors International of Washington by 0.3% in the third quarter. Canandaigua National Bank & Trust Co. now owns 6,707 shares of the company’s stock valued at $346,000 after buying an additional 22 shares during the period. Armstrong Henry H Associates Inc. increased its position in Expeditors International of Washington by 0.3% in the second quarter. Armstrong Henry H Associates Inc. now owns 8,525 shares of the company’s stock valued at $418,000 after buying an additional 25 shares during the period. Neuberger Berman Group LLC increased its position in Expeditors International of Washington by 0.5% in the third quarter. Neuberger Berman Group LLC now owns 8,593 shares of the company’s stock valued at $443,000 after buying an additional 39 shares during the period. Finally, Gateway Investment Advisers LLC increased its position in Expeditors International of Washington by 0.6% in the third quarter. Gateway Investment Advisers LLC now owns 12,953 shares of the company’s stock valued at $667,000 after buying an additional 72 shares during the period. 89.29% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of Expeditors International of Washington Inc. (NASDAQ:EXPD) traded up 0.467% during mid-day trading on Tuesday, hitting $52.655. 572,014 shares of the stock were exchanged. The stock’s 50 day moving average is $51.08 and its 200 day moving average is $50.26. The firm has a market cap of $9.50 billion, a P/E ratio of 22.302 and a beta of 0.69. Expeditors International of Washington Inc. has a 12 month low of $40.41 and a 12 month high of $53.11.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings data on Tuesday, November 8th. The company reported $0.59 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by $0.06. The firm had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.58 billion. Expeditors International of Washington had a return on equity of 24.45% and a net margin of 7.18%. The firm’s revenue was down 5.4% on a year-over-year basis. During the same period last year, the company earned $0.62 earnings per share. Analysts expect that Expeditors International of Washington Inc. will post $2.35 EPS for the current fiscal year.

The business also recently declared a dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, November 29th. Expeditors International of Washington’s payout ratio is presently 33.90%.

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EXPD has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Expeditors International of Washington from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a report on Tuesday, September 13th. Wolfe Research cut shares of Expeditors International of Washington from a “peer perform” rating to an “underperform” rating in a report on Wednesday, August 3rd. Stifel Nicolaus cut shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a report on Wednesday, August 3rd. They noted that the move was a valuation call. Credit Suisse Group AG restated a “sell” rating and issued a $46.00 target price on shares of Expeditors International of Washington in a report on Wednesday, August 3rd. Finally, Barclays PLC restated a “buy” rating on shares of Expeditors International of Washington in a report on Wednesday, November 9th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $50.80.

In related news, Director Michael J. Malone sold 51,559 shares of the stock in a transaction on Monday, November 14th. The stock was sold at an average price of $51.63, for a total transaction of $2,661,991.17. Following the sale, the director now owns 133,074 shares in the company, valued at approximately $6,870,610.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael J. Malone sold 32,000 shares of the stock in a transaction on Thursday, November 17th. The shares were sold at an average price of $51.13, for a total value of $1,636,160.00. Following the sale, the director now owns 86,771 shares in the company, valued at approximately $4,436,601.23. The disclosure for this sale can be found here. Corporate insiders own 0.86% of the company’s stock.

Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc is a logistics company. The Company is a third party logistics provider, and purchases cargo space from carriers, including airlines and ocean shipping lines on a volume basis and resells that space to its customers. The Company provides a range of customer solutions, such as order management, time-definite transportation, warehousing and distribution, temperature-controlled transit, cargo insurance and customized logistics solutions.

5 Day Chart for NASDAQ:EXPD

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