MV Capital Management Inc. Decreases Holdings in Expeditors International of Washington, Inc. $EXPD

MV Capital Management Inc. trimmed its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 5.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,051 shares of the transportation company’s stock after selling 1,448 shares during the quarter. MV Capital Management Inc.’s holdings in Expeditors International of Washington were worth $2,634,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of EXPD. First Eagle Investment Management LLC lifted its stake in Expeditors International of Washington by 17.1% in the second quarter. First Eagle Investment Management LLC now owns 6,279,825 shares of the transportation company’s stock valued at $717,470,000 after purchasing an additional 918,108 shares during the last quarter. Boston Partners boosted its position in shares of Expeditors International of Washington by 13.1% in the first quarter. Boston Partners now owns 4,295,924 shares of the transportation company’s stock valued at $516,385,000 after acquiring an additional 498,212 shares during the period. Invesco Ltd. grew its stake in Expeditors International of Washington by 23.4% during the first quarter. Invesco Ltd. now owns 3,039,899 shares of the transportation company’s stock valued at $365,548,000 after acquiring an additional 576,468 shares in the last quarter. Baird Financial Group Inc. increased its holdings in Expeditors International of Washington by 4.8% during the 1st quarter. Baird Financial Group Inc. now owns 1,845,102 shares of the transportation company’s stock worth $221,874,000 after acquiring an additional 84,556 shares during the period. Finally, Marshfield Associates lifted its stake in Expeditors International of Washington by 0.8% in the 1st quarter. Marshfield Associates now owns 1,841,746 shares of the transportation company’s stock worth $221,470,000 after purchasing an additional 14,127 shares in the last quarter. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Insiders Place Their Bets

In other Expeditors International of Washington news, Director Mark A. Emmert sold 5,400 shares of the stock in a transaction on Friday, November 7th. The shares were sold at an average price of $135.25, for a total transaction of $730,350.00. Following the completion of the sale, the director owned 6,468 shares of the company’s stock, valued at $874,797. This represents a 45.50% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Jeffrey F. Dickerman sold 1,500 shares of the business’s stock in a transaction dated Wednesday, November 5th. The shares were 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 owned 6,151 shares in the company, valued at $825,279.67. The trade was a 19.61% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.69% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on EXPD shares. TD Cowen lifted their price objective on Expeditors International of Washington from $111.00 to $131.00 and gave the company a “sell” rating in a research note on Wednesday, November 5th. Stifel Nicolaus lifted their price target on Expeditors International of Washington from $114.00 to $130.00 and gave the company a “hold” rating in a research report on Thursday, November 6th. 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 for the company in a research note on Wednesday, November 5th. JPMorgan Chase & Co. lifted 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. Finally, Truist Financial increased their target price on Expeditors International of Washington from $120.00 to $130.00 and gave the company a “hold” rating in a research note on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $128.78.

Expeditors International of Washington Trading Up 0.9%

Shares of NASDAQ:EXPD opened at $140.80 on Thursday. Expeditors International of Washington, Inc. has a 12-month low of $100.47 and a 12-month high of $142.09. The stock’s 50-day moving average price is $123.15 and its 200-day moving average price is $118.04. The stock has a market capitalization of $18.87 billion, a P/E ratio of 24.61, a price-to-earnings-growth ratio of 5.00 and a beta of 1.09.

Expeditors International of Washington Dividend Announcement

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

About Expeditors International of Washington

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.