American International Group Inc. Sells 1,460 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

American International Group Inc. lessened its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 3.2% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 44,495 shares of the transportation company’s stock after selling 1,460 shares during the period. American International Group Inc.’s holdings in Expeditors International of Washington were worth $5,660,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. BNP Paribas Financial Markets grew its stake in shares of Expeditors International of Washington by 71.9% during the 4th quarter. BNP Paribas Financial Markets now owns 228,058 shares of the transportation company’s stock valued at $29,009,000 after acquiring an additional 95,389 shares during the period. Summit Trail Advisors LLC lifted its holdings in Expeditors International of Washington by 3.1% during the fourth quarter. Summit Trail Advisors LLC now owns 369,420 shares of the transportation company’s stock valued at $46,990,000 after purchasing an additional 11,000 shares in the last quarter. Boston Trust Walden Corp boosted its position in shares of Expeditors International of Washington by 3.2% in the fourth quarter. Boston Trust Walden Corp now owns 452,233 shares of the transportation company’s stock worth $57,524,000 after purchasing an additional 13,811 shares during the period. Prudential PLC increased its stake in shares of Expeditors International of Washington by 80.5% in the fourth quarter. Prudential PLC now owns 88,169 shares of the transportation company’s stock worth $11,215,000 after purchasing an additional 39,321 shares in the last quarter. Finally, Stonebrook Private Inc. bought a new stake in shares of Expeditors International of Washington during the 4th quarter valued at $3,201,000. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Insider Buying and Selling

In other Expeditors International of Washington news, Director Mark A. Emmert sold 8,100 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $123.67, for a total transaction of $1,001,727.00. Following the completion of the transaction, the director now owns 14,085 shares in the company, valued at $1,741,891.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Mark A. Emmert sold 8,100 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $123.67, for a total transaction of $1,001,727.00. Following the completion of the sale, the director now directly owns 14,085 shares of the company’s stock, valued at approximately $1,741,891.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Blake R. Bell sold 4,100 shares of the company’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $116.99, for a total value of $479,659.00. Following the completion of the transaction, the insider now directly owns 52,745 shares in the company, valued at approximately $6,170,637.55. The disclosure for this sale can be found here. 0.69% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently commented on EXPD. Wolfe Research upgraded Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, May 28th. Susquehanna boosted their price target on Expeditors International of Washington from $112.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday, May 8th. JPMorgan Chase & Co. increased their price objective on shares of Expeditors International of Washington from $106.00 to $107.00 and gave the company an “underweight” rating in a report on Tuesday, April 9th. BNP Paribas raised shares of Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $112.00 target price on the stock in a report on Tuesday, May 14th. Finally, Bank of America raised their target price on shares of Expeditors International of Washington from $126.00 to $131.00 and gave the company a “neutral” rating in a research note on Wednesday, June 12th. Two analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to MarketBeat, Expeditors International of Washington currently has an average rating of “Hold” and a consensus price target of $111.88.

Expeditors International of Washington Trading Up 0.0 %

Shares of NASDAQ:EXPD opened at $126.28 on Friday. The company has a market cap of $17.84 billion, a price-to-earnings ratio of 26.75, a PEG ratio of 5.80 and a beta of 0.99. Expeditors International of Washington, Inc. has a 12 month low of $107.03 and a 12 month high of $131.17. The company has a 50-day moving average price of $118.68 and a 200 day moving average price of $121.68.

Expeditors International of Washington (NASDAQ:EXPD) last released its earnings results on Tuesday, May 7th. The transportation company reported $1.17 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.07. The firm had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.22 billion. Expeditors International of Washington had a return on equity of 28.89% and a net margin of 7.81%. The company’s revenue for the quarter was down 14.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.45 EPS. As a group, equities analysts forecast that Expeditors International of Washington, Inc. will post 4.89 EPS for the current year.

Expeditors International of Washington Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were issued a dividend of $0.73 per share. This represents a yield of 1.2%. This is an increase from Expeditors International of Washington’s previous semi-annual dividend of $0.69. The ex-dividend date of this dividend was Monday, June 3rd. Expeditors International of Washington’s dividend payout ratio is presently 30.93%.

Expeditors International of Washington 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.