Aviva PLC Cuts Stock Holdings in Expeditors International of Washington, Inc. $EXPD

Aviva PLC reduced its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 59.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 108,285 shares of the transportation company’s stock after selling 161,147 shares during the period. Aviva PLC’s holdings in Expeditors International of Washington were worth $12,372,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Zions Bancorporation National Association UT purchased a new position in shares of Expeditors International of Washington during the first quarter valued at about $30,000. Atlantic Union Bankshares Corp purchased a new stake in shares of Expeditors International of Washington in the second quarter worth about $34,000. Ransom Advisory Ltd bought a new position in Expeditors International of Washington during the first quarter valued at approximately $41,000. Twin Tree Management LP purchased a new position in Expeditors International of Washington during the 1st quarter valued at approximately $42,000. Finally, Carderock Capital Management Inc. bought a new stake in Expeditors International of Washington in the 2nd quarter worth approximately $46,000. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Stock Down 0.7%

Shares of NASDAQ EXPD opened at $139.46 on Wednesday. Expeditors International of Washington, Inc. has a twelve month low of $100.47 and a twelve month high of $141.79. The firm has a market cap of $18.93 billion, a PE ratio of 24.38, a price-to-earnings-growth ratio of 5.00 and a beta of 1.09. The business has a fifty day simple moving average of $122.74 and a two-hundred day simple moving average of $117.88.

Expeditors International of Washington Announces Dividend

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

Wall Street Analyst Weigh In

A number of research analysts have recently commented on EXPD shares. 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 report on Wednesday, November 5th. TD Cowen upped their price target on shares of 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 objective on shares of Expeditors International of Washington from $114.00 to $130.00 and gave the stock a “hold” rating in a research note on Thursday, November 6th. UBS Group boosted their target price on shares of Expeditors International of Washington from $120.00 to $138.00 and gave the stock a “neutral” rating in a report on Wednesday, November 5th. Finally, Bank of America upgraded shares of Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $142.00 target price on the stock in a research report on Wednesday, November 5th. Eight research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $128.78.

Insider Activity

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,500 shares of the 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 transaction, the vice president directly owned 6,151 shares in the company, valued at $825,279.67. This represents a 19.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark A. Emmert sold 5,400 shares of the business’s stock in a transaction dated 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 approximately $874,797. This represents a 45.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.69% of the stock is owned by corporate insiders.

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.