Expeditors International of Washington, Inc. $EXPD Shares Sold by Legal & General Group Plc

Legal & General Group Plc reduced its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 7.4% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 1,111,200 shares of the transportation company’s stock after selling 88,407 shares during the period. Legal & General Group Plc’s holdings in Expeditors International of Washington were worth $126,955,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Atria Investments Inc boosted its holdings in Expeditors International of Washington by 0.3% in the second quarter. Atria Investments Inc now owns 33,522 shares of the transportation company’s stock valued at $3,830,000 after purchasing an additional 91 shares during the last quarter. Forum Financial Management LP raised its position in shares of Expeditors International of Washington by 3.9% in the 2nd quarter. Forum Financial Management LP now owns 2,714 shares of the transportation company’s stock valued at $310,000 after purchasing an additional 101 shares in the last quarter. Ancora Advisors LLC boosted its stake in shares of Expeditors International of Washington by 0.7% during the 1st quarter. Ancora Advisors LLC now owns 15,975 shares of the transportation company’s stock valued at $1,921,000 after buying an additional 118 shares during the last quarter. Mission Wealth Management LP boosted its stake in shares of Expeditors International of Washington by 1.1% during the 2nd quarter. Mission Wealth Management LP now owns 11,454 shares of the transportation company’s stock valued at $1,309,000 after buying an additional 122 shares during the last quarter. Finally, Banco Bilbao Vizcaya Argentaria S.A. grew its position in shares of Expeditors International of Washington by 4.4% during the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 3,009 shares of the transportation company’s stock worth $362,000 after buying an additional 128 shares in the last quarter. 94.02% of the stock is owned by hedge funds and other institutional investors.

Expeditors International of Washington Stock Performance

EXPD stock opened at $144.37 on Tuesday. Expeditors International of Washington, Inc. has a 1 year low of $100.47 and a 1 year high of $146.27. The stock has a market capitalization of $19.35 billion, a price-to-earnings ratio of 25.24, a PEG ratio of 5.00 and a beta of 1.09. The stock’s fifty day moving average is $126.07 and its two-hundred day moving average is $119.85.

Expeditors International of Washington Announces Dividend

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

Insider Transactions at Expeditors International of Washington

In other news, Director Mark A. Emmert sold 5,400 shares of Expeditors International of Washington stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $135.25, for a total transaction of $730,350.00. Following the sale, the director owned 6,468 shares of the company’s stock, valued at approximately $874,797. The trade was a 45.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Jeffrey F. Dickerman sold 1,500 shares of the stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $134.17, for a total value of $201,255.00. Following the completion of the transaction, the vice president directly owned 6,151 shares of the company’s stock, valued at $825,279.67. This trade represents a 19.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Stifel Nicolaus upped their price target on shares of Expeditors International of Washington from $114.00 to $130.00 and gave the company a “hold” rating in a report on Thursday, November 6th. TD Cowen boosted their target price on shares of Expeditors International of Washington from $111.00 to $131.00 and gave the stock a “sell” rating in a research report on Wednesday, November 5th. Zacks Research raised shares of Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 11th. UBS Group upgraded Expeditors International of Washington from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $138.00 to $166.00 in a research note on Monday, November 17th. Finally, Barclays upped their price objective on Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a research note on Thursday, September 11th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $131.89.

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.