Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Sold by Mizuho Markets Americas LLC

Mizuho Markets Americas LLC trimmed its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 16.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 45,473 shares of the transportation company’s stock after selling 8,965 shares during the period. Mizuho Markets Americas LLC’s holdings in Expeditors International of Washington were worth $5,975,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Nicollet Investment Management Inc. increased its position in Expeditors International of Washington by 1.2% in the 3rd quarter. Nicollet Investment Management Inc. now owns 10,826 shares of the transportation company’s stock valued at $1,423,000 after acquiring an additional 128 shares during the period. Archer Investment Corp bought a new stake in shares of Expeditors International of Washington during the third quarter valued at about $292,000. CIBC Asset Management Inc lifted its holdings in Expeditors International of Washington by 8.0% in the third quarter. CIBC Asset Management Inc now owns 20,643 shares of the transportation company’s stock worth $2,712,000 after purchasing an additional 1,532 shares during the period. OneDigital Investment Advisors LLC grew its position in Expeditors International of Washington by 18.0% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 9,005 shares of the transportation company’s stock valued at $1,183,000 after buying an additional 1,371 shares in the last quarter. Finally, Huntington National Bank increased its stake in Expeditors International of Washington by 7.4% during the 3rd quarter. Huntington National Bank now owns 1,835 shares of the transportation company’s stock valued at $241,000 after buying an additional 127 shares during the period. Institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Stock Down 0.7 %

Shares of NASDAQ EXPD opened at $120.16 on Friday. The stock’s fifty day simple moving average is $122.06 and its 200 day simple moving average is $121.61. The stock has a market capitalization of $16.82 billion, a price-to-earnings ratio of 23.42, a PEG ratio of 3.43 and a beta of 0.98. Expeditors International of Washington, Inc. has a 52-week low of $111.20 and a 52-week high of $131.59.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings results on Tuesday, November 5th. The transportation company reported $1.63 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.30. Expeditors International of Washington had a return on equity of 32.12% and a net margin of 7.39%. The business had revenue of $3 billion during the quarter, compared to analyst estimates of $2.47 billion. During the same quarter last year, the company posted $1.16 EPS. Expeditors International of Washington’s revenue for the quarter was up 37.0% on a year-over-year basis. As a group, analysts anticipate that Expeditors International of Washington, Inc. will post 5.37 earnings per share for the current year.

Expeditors International of Washington Announces Dividend

The company 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 dividend of $0.73 per share. 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%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on EXPD shares. UBS Group upgraded shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and increased their price objective for the company from $95.00 to $137.00 in a report on Thursday, August 1st. Barclays increased their price target on Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. Wolfe Research cut Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 9th. TD Cowen upped their price objective on Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a report on Wednesday, November 6th. Finally, Benchmark reaffirmed a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, August 7th. Four equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, Expeditors International of Washington presently has an average rating of “Hold” and an average price target of $118.44.

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.