Sigma Planning Corp Sells 343 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Sigma Planning Corp reduced its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 9.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,261 shares of the transportation company’s stock after selling 343 shares during the period. Sigma Planning Corp’s holdings in Expeditors International of Washington were worth $429,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Expeditors International of Washington by 33.2% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 2,727 shares of the transportation company’s stock valued at $332,000 after acquiring an additional 679 shares during the period. Sei Investments Co. boosted its position in Expeditors International of Washington by 11.0% in the first quarter. Sei Investments Co. now owns 37,281 shares of the transportation company’s stock valued at $4,532,000 after buying an additional 3,687 shares in the last quarter. Kingsview Wealth Management LLC bought a new stake in Expeditors International of Washington during the first quarter worth about $1,629,000. Blair William & Co. IL increased its holdings in shares of Expeditors International of Washington by 4.7% during the first quarter. Blair William & Co. IL now owns 7,681 shares of the transportation company’s stock worth $934,000 after buying an additional 347 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board raised its stake in shares of Expeditors International of Washington by 3.9% in the first quarter. Ontario Teachers Pension Plan Board now owns 63,038 shares of the transportation company’s stock valued at $7,664,000 after acquiring an additional 2,368 shares during the last quarter. 94.02% of the stock is owned by institutional investors and hedge funds.

Expeditors International of Washington Stock Performance

Shares of EXPD stock opened at $120.12 on Friday. The firm’s 50 day moving average price is $122.06 and its two-hundred day moving average price is $121.54. Expeditors International of Washington, Inc. has a 52-week low of $111.20 and a 52-week high of $131.59. The stock has a market cap of $16.81 billion, a PE ratio of 23.42, a PEG ratio of 3.43 and a beta of 0.98.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings results on Tuesday, November 5th. The transportation company reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $2.47 billion. During the same period last year, the company earned $1.16 EPS. The firm’s revenue was up 37.0% on a year-over-year basis. As a group, sell-side analysts predict 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 company also recently declared a semi-annual dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a $0.73 dividend. The ex-dividend date is Monday, December 2nd. This represents a dividend yield of 1.2%. Expeditors International of Washington’s dividend payout ratio is 28.46%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Wolfe Research lowered Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 9th. Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, August 7th. Bank of America upped their price target on shares of Expeditors International of Washington from $131.00 to $132.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. UBS Group upgraded shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and raised their price objective for the company from $95.00 to $137.00 in a research report on Thursday, August 1st. Finally, TD Cowen upped their target price on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the stock a “sell” rating in a research report on Wednesday, November 6th. Four research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. According to MarketBeat.com, Expeditors International of Washington currently has a consensus rating of “Hold” and an average price target of $118.44.

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.