Chevy Chase Trust Holdings Inc. Buys 2,421 Shares of Expeditors International of Washington, Inc. (EXPD)

Chevy Chase Trust Holdings Inc. increased its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 1.6% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 157,633 shares of the transportation company’s stock after buying an additional 2,421 shares during the period. Chevy Chase Trust Holdings Inc. owned 0.09% of Expeditors International of Washington worth $9,435,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of EXPD. Canada Pension Plan Investment Board boosted its stake in Expeditors International of Washington by 10,555.6% during the 3rd quarter. Canada Pension Plan Investment Board now owns 1,918 shares of the transportation company’s stock valued at $115,000 after purchasing an additional 1,900 shares during the last quarter. Mosaic Family Wealth LLC boosted its stake in Expeditors International of Washington by 3.8% during the 2nd quarter. Mosaic Family Wealth LLC now owns 2,536 shares of the transportation company’s stock valued at $143,000 after purchasing an additional 93 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Expeditors International of Washington by 22.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,605 shares of the transportation company’s stock valued at $147,000 after purchasing an additional 471 shares during the last quarter. Merriman Wealth Management LLC purchased a new stake in Expeditors International of Washington during the 3rd quarter valued at $208,000. Finally, Sigma Planning Corp purchased a new stake in Expeditors International of Washington during the 3rd quarter valued at $216,000. Institutional investors own 93.76% of the company’s stock.

EXPD has been the topic of several recent analyst reports. Barclays increased their target price on Expeditors International of Washington from $58.00 to $63.00 and gave the company an “overweight” rating in a research note on Monday, October 2nd. Cowen reiterated a “market perform” rating and set a $58.00 target price (up from $54.00) on shares of Expeditors International of Washington in a research note on Wednesday, November 8th. Credit Suisse Group increased their target price on Expeditors International of Washington from $51.00 to $56.00 and gave the company an “underperform” rating in a research note on Wednesday, November 8th. UBS increased their target price on Expeditors International of Washington from $48.00 to $56.00 and gave the company a “sell” rating in a research note on Wednesday, November 8th. Finally, Zacks Investment Research upgraded Expeditors International of Washington from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a research note on Thursday, November 9th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company’s stock. Expeditors International of Washington currently has an average rating of “Hold” and an average target price of $59.38.

In other news, insider Eugene K. Alger sold 10,269 shares of the firm’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $60.40, for a total value of $620,247.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.78% of the company’s stock.

Expeditors International of Washington, Inc. (NASDAQ:EXPD) opened at $64.06 on Friday. The stock has a market capitalization of $11,435.17, a price-to-earnings ratio of 26.92, a PEG ratio of 3.35 and a beta of 0.72. Expeditors International of Washington, Inc. has a 52 week low of $51.57 and a 52 week high of $66.01.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings results on Tuesday, November 7th. The transportation company reported $0.66 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.06. The firm had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.72 billion. Expeditors International of Washington had a return on equity of 22.32% and a net margin of 6.50%. The company’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same period last year, the business posted $0.59 EPS. analysts forecast that Expeditors International of Washington, Inc. will post 2.4 EPS for the current year.

The company also recently declared a semiannual dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a $0.42 dividend. The ex-dividend date is Thursday, November 30th. This represents a dividend yield of 1.4%. Expeditors International of Washington’s dividend payout ratio (DPR) is currently 35.15%.

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About Expeditors International of Washington

Expeditors International of Washington, Inc is a logistics company. The Company is a third-party logistics provider, and purchases cargo space from carriers, including airlines and ocean shipping lines on a volume basis and resells that space to its customers. The Company provides a range of customer solutions, such as order management, time-definite transportation, warehousing and distribution, temperature-controlled transit, cargo insurance and customized logistics solutions.

Institutional Ownership by Quarter for Expeditors International of Washington (NASDAQ:EXPD)

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