Royal Bank of Canada Trims Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Royal Bank of Canada decreased its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 31.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 933,743 shares of the transportation company’s stock after selling 427,930 shares during the quarter. Royal Bank of Canada’s holdings in Expeditors International of Washington were worth $103,430,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of EXPD. NDVR Inc. increased its holdings in Expeditors International of Washington by 5.8% in the 4th quarter. NDVR Inc. now owns 1,812 shares of the transportation company’s stock worth $201,000 after acquiring an additional 99 shares in the last quarter. Azimuth Capital Investment Management LLC boosted its position in shares of Expeditors International of Washington by 4.4% during the 4th quarter. Azimuth Capital Investment Management LLC now owns 2,350 shares of the transportation company’s stock valued at $260,000 after acquiring an additional 100 shares during the last quarter. Manchester Capital Management LLC lifted its position in Expeditors International of Washington by 3.5% in the fourth quarter. Manchester Capital Management LLC now owns 3,032 shares of the transportation company’s stock worth $336,000 after buying an additional 103 shares during the last quarter. Chapman Investment Management LLC lifted its position in shares of Expeditors International of Washington by 0.6% during the fourth quarter. Chapman Investment Management LLC now owns 18,967 shares of the transportation company’s stock worth $2,101,000 after purchasing an additional 112 shares during the last quarter. Finally, OLD National Bancorp IN grew its stake in Expeditors International of Washington by 5.3% in the fourth quarter. OLD National Bancorp IN now owns 2,234 shares of the transportation company’s stock valued at $247,000 after purchasing an additional 113 shares during the last quarter. Institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Stock Down 0.3%

Shares of NASDAQ:EXPD opened at $117.93 on Tuesday. The business has a fifty day moving average of $112.27 and a two-hundred day moving average of $114.67. The stock has a market cap of $16.15 billion, a P/E ratio of 20.62, a PEG ratio of 5.00 and a beta of 1.09. Expeditors International of Washington, Inc. has a 52-week low of $100.47 and a 52-week high of $131.59.

Expeditors International of Washington Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be given a $0.77 dividend. The ex-dividend date is Monday, June 2nd. This represents a yield of 1.4%. This is a positive change from Expeditors International of Washington’s previous semi-annual dividend of $0.73. Expeditors International of Washington’s dividend payout ratio (DPR) is currently 25.58%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Benchmark reissued a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, February 19th. TD Cowen cut their price objective on Expeditors International of Washington from $112.00 to $107.00 and set a “sell” rating for the company in a research report on Wednesday, May 7th. Susquehanna boosted their price objective on Expeditors International of Washington from $115.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, March 3rd. Stifel Nicolaus cut their price objective on Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating for the company in a research report on Thursday, January 23rd. Finally, StockNews.com cut Expeditors International of Washington from a “buy” rating to a “hold” rating in a research report on Sunday, February 16th. Four equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. According to MarketBeat.com, Expeditors International of Washington currently has an average rating of “Hold” and a consensus price target of $113.89.

Insider Buying and Selling at Expeditors International of Washington

In related news, VP Jeffrey F. Dickerman sold 1,250 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $117.54, for a total transaction of $146,925.00. Following the transaction, the vice president now owns 7,296 shares in the company, valued at $857,571.84. This trade represents a 14.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.69% of the stock is owned by corporate insiders.

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.