D.A. Davidson & CO. Sells 322 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

D.A. Davidson & CO. trimmed its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 0.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 38,717 shares of the transportation company’s stock after selling 322 shares during the quarter. D.A. Davidson & CO.’s holdings in Expeditors International of Washington were worth $5,087,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in EXPD. Hara Capital LLC bought a new stake in shares of Expeditors International of Washington during the 3rd quarter valued at $26,000. Innealta Capital LLC purchased a new stake in Expeditors International of Washington in the second quarter worth about $31,000. Family Firm Inc. bought a new position in shares of Expeditors International of Washington in the second quarter worth about $35,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Expeditors International of Washington during the 2nd quarter valued at about $52,000. Finally, Maia Wealth LLC bought a new position in shares of Expeditors International of Washington during the 3rd quarter valued at approximately $59,000. 94.02% of the stock is owned by hedge funds and other institutional investors.

Expeditors International of Washington Trading Down 0.3 %

Shares of Expeditors International of Washington stock opened at $121.25 on Thursday. The firm has a market cap of $16.97 billion, a PE ratio of 23.64, a PEG ratio of 3.51 and a beta of 0.98. The stock has a 50 day moving average of $121.84 and a 200 day moving average of $121.90. Expeditors International of Washington, Inc. has a 12 month low of $111.20 and a 12 month high of $131.59.

Expeditors International of Washington (NASDAQ:EXPD) last posted its earnings results on Tuesday, November 5th. The transportation company reported $1.63 EPS 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 firm had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.47 billion. During the same period in the prior year, the company earned $1.16 EPS. The company’s quarterly revenue was up 37.0% compared to the same quarter last year. As a group, equities research analysts forecast that Expeditors International of Washington, Inc. will post 5.37 earnings per share for the current fiscal year.

Expeditors International of Washington Dividend Announcement

The firm also recently disclosed a semi-annual dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid 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 payout ratio is currently 28.46%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, August 7th. TD Cowen increased their price target on Expeditors International of Washington from $106.00 to $108.00 and gave the stock a “sell” rating in a research note on Wednesday, November 6th. Barclays boosted their price objective on Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a research report 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. Finally, UBS Group raised Expeditors International of Washington from a “sell” rating to a “neutral” rating and lifted their target price for the company from $95.00 to $137.00 in a research note on Thursday, August 1st. Four analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. Based on data from MarketBeat, Expeditors International of Washington presently has a consensus rating of “Hold” and a consensus target price 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.