Jeffrey Dickerman Sells 1,500 Shares of Expeditors International of Washington (NASDAQ:EXPD) Stock

Expeditors International of Washington, Inc. (NASDAQ:EXPD) VP Jeffrey Dickerman sold 1,500 shares of Expeditors International of Washington 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 completion of the transaction, the vice president directly owned 6,151 shares in the company, valued at approximately $825,279.67. The trade was a 19.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Expeditors International of Washington Stock Up 2.0%

NASDAQ:EXPD opened at $137.28 on Friday. The stock has a market capitalization of $18.63 billion, a price-to-earnings ratio of 24.00, a PEG ratio of 5.00 and a beta of 1.09. Expeditors International of Washington, Inc. has a 52 week low of $100.47 and a 52 week high of $140.72. The firm has a 50 day moving average of $121.97 and a 200 day moving average of $117.31.

Expeditors International of Washington Dividend Announcement

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

Institutional Trading of Expeditors International of Washington

A number of hedge funds have recently modified their holdings of EXPD. NEOS Investment Management LLC raised its position in Expeditors International of Washington by 47.3% during the third quarter. NEOS Investment Management LLC now owns 13,336 shares of the transportation company’s stock valued at $1,635,000 after acquiring an additional 4,285 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in Expeditors International of Washington in the 3rd quarter worth approximately $434,000. Merit Financial Group LLC grew its stake in shares of Expeditors International of Washington by 20.0% during the 3rd quarter. Merit Financial Group LLC now owns 2,450 shares of the transportation company’s stock worth $300,000 after purchasing an additional 408 shares during the period. Denali Advisors LLC acquired a new stake in shares of Expeditors International of Washington during the 3rd quarter worth approximately $234,000. Finally, Phillips Wealth Planners LLC purchased a new position in shares of Expeditors International of Washington during the 3rd quarter valued at approximately $328,000. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Analyst Upgrades and Downgrades

EXPD has been the topic of several recent analyst reports. Barclays upped their target price on 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. Stifel Nicolaus upped their price objective on shares of Expeditors International of Washington from $114.00 to $130.00 and gave the company a “hold” rating in a report on Thursday. Truist Financial increased their price objective on shares of Expeditors International of Washington from $120.00 to $130.00 and gave the company a “hold” rating in a research report on Wednesday. TD Cowen boosted their target price on shares of Expeditors International of Washington from $111.00 to $131.00 and gave the stock a “sell” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. raised their price target 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. Eight equities research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Expeditors International of Washington presently has a consensus rating of “Reduce” and an average price target of $128.78.

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.