California Public Employees Retirement System Cuts Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

by · The Cerbat Gem

California Public Employees Retirement System lowered its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD – Free Report) by 0.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 986,523 shares of the transportation company’s stock after selling 3,933 shares during the quarter. California Public Employees Retirement System owned approximately 0.67% of Expeditors International of Washington worth $113,085,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of EXPD. Vanguard Group Inc. boosted its stake in shares of Expeditors International of Washington by 1.0% during the first quarter. Vanguard Group Inc. now owns 19,675,632 shares of the transportation company’s stock valued at $2,029,739,000 after purchasing an additional 190,319 shares during the period. Bank Julius Baer & Co. Ltd Zurich boosted its stake in shares of Expeditors International of Washington by 100,489.0% during the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,525,644 shares of the transportation company’s stock valued at $427,061,000 after purchasing an additional 3,522,139 shares during the period. Bank of America Corp DE boosted its stake in shares of Expeditors International of Washington by 16.2% during the first quarter. Bank of America Corp DE now owns 3,500,552 shares of the transportation company’s stock valued at $385,481,000 after purchasing an additional 488,561 shares during the period. Northern Trust Corp boosted its stake in shares of Expeditors International of Washington by 0.3% during the first quarter. Northern Trust Corp now owns 2,486,514 shares of the transportation company’s stock valued at $256,508,000 after purchasing an additional 6,839 shares during the period. Finally, Morgan Stanley boosted its stake in shares of Expeditors International of Washington by 10.6% during the fourth quarter. Morgan Stanley now owns 2,021,645 shares of the transportation company’s stock valued at $210,089,000 after purchasing an additional 193,217 shares during the period. Hedge funds and other institutional investors own 96.73% of the company’s stock.

Expeditors International of Washington Trading Down 0.9 %

EXPD opened at $127.43 on Friday. The stock has a fifty day simple moving average of $123.28 and a two-hundred day simple moving average of $119.31. The company has a market cap of $18.53 billion, a price-to-earnings ratio of 24.09 and a beta of 1.00. Expeditors International of Washington, Inc. has a 12-month low of $102.89 and a 12-month high of $129.18.

Expeditors International of Washington (NASDAQ:EXPD – Get Free Report) last posted its quarterly earnings data on Tuesday, November 7th. The transportation company reported $1.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.09). The firm had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.29 billion. Expeditors International of Washington had a return on equity of 28.76% and a net margin of 7.77%. Expeditors International of Washington’s revenue for the quarter was down 49.8% compared to the same quarter last year. During the same quarter last year, the company posted $2.54 EPS. On average, analysts predict that Expeditors International of Washington, Inc. will post 5.14 EPS for the current year.

Expeditors International of Washington Dividend Announcement

The company also recently disclosed a Semi-Annual dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were issued a $0.69 dividend. The ex-dividend date of this dividend was Thursday, November 30th. This represents a yield of 1.2%. Expeditors International of Washington’s dividend payout ratio (DPR) is 26.09%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Stifel Nicolaus upped their target price on Expeditors International of Washington from $114.00 to $117.00 and gave the company a “hold” rating in a report on Wednesday, January 10th. Morgan Stanley decreased their target price on Expeditors International of Washington from $85.00 to $84.00 and set an “underweight” rating for the company in a report on Monday, November 13th. JPMorgan Chase & Co. decreased their target price on Expeditors International of Washington from $111.00 to $108.00 and set an “underweight” rating for the company in a report on Tuesday, January 9th. StockNews.com assumed coverage on Expeditors International of Washington in a report on Thursday, October 5th. They set a “hold” rating for the company. Finally, BNP Paribas downgraded Expeditors International of Washington from a “neutral” rating to an “underperform” rating and set a $116.00 target price for the company. in a report on Thursday, January 11th. Four investment analysts have rated the stock with a sell rating and four have given a hold rating to the company. Based on data from MarketBeat, Expeditors International of Washington presently has a consensus rating of “Hold” and a consensus target price of $105.50.

Check Out Our Latest Stock Report on Expeditors International of Washington

Expeditors International of Washington Company Profile

(Free Report)

Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services in the Americas, North Asia, South Asia, Europe, the Middle East, Africa, and India. 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, 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.

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