The Manufacturers Life Insurance Company Decreases Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

The Manufacturers Life Insurance Company lowered its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 3.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 94,189 shares of the transportation company’s stock after selling 2,896 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Expeditors International of Washington were worth $12,376,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Hara Capital LLC purchased a new stake in shares of Expeditors International of Washington in the 3rd quarter valued at approximately $26,000. Innealta Capital LLC purchased a new stake in Expeditors International of Washington during the 2nd quarter worth about $31,000. Family Firm Inc. acquired a new position in shares of Expeditors International of Washington during the 2nd quarter worth about $35,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Expeditors International of Washington in the 2nd quarter valued at about $52,000. Finally, Maia Wealth LLC acquired a new stake in shares of Expeditors International of Washington during the 3rd quarter worth about $59,000. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Wolfe Research downgraded Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 9th. Barclays upped their target price on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, August 7th. Finally, TD Cowen upped their price objective on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a research note on Wednesday, November 6th. Four investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to MarketBeat.com, Expeditors International of Washington has an average rating of “Hold” and an average target price of $118.44.

Expeditors International of Washington Stock Down 0.1 %

EXPD opened at $121.47 on Tuesday. The business has a 50 day moving average price of $121.68 and a two-hundred day moving average price of $121.98. Expeditors International of Washington, Inc. has a 52 week low of $111.20 and a 52 week high of $131.59. The company has a market cap of $17.00 billion, a PE ratio of 23.71, a P/E/G ratio of 3.45 and a beta of 0.98.

Expeditors International of Washington (NASDAQ:EXPD) last released its earnings results on Tuesday, November 5th. The transportation company reported $1.63 EPS for the quarter, topping the consensus estimate of $1.33 by $0.30. The company had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.47 billion. Expeditors International of Washington had a net margin of 7.39% and a return on equity of 32.12%. The business’s revenue was up 37.0% on a year-over-year basis. During the same quarter last year, the business earned $1.16 EPS. As a group, sell-side analysts expect that Expeditors International of Washington, Inc. will post 5.43 EPS for the current fiscal year.

Expeditors International of Washington Announces Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a $0.73 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a dividend yield of 1.2%. Expeditors International of Washington’s dividend payout ratio is currently 28.46%.

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.