First American Trust FSB Sells 430 Shares of Expeditors International of Washington, Inc. $EXPD

First American Trust FSB cut its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 14.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,612 shares of the transportation company’s stock after selling 430 shares during the quarter. First American Trust FSB’s holdings in Expeditors International of Washington were worth $298,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Atria Investments Inc grew its position in Expeditors International of Washington by 0.3% in the 2nd quarter. Atria Investments Inc now owns 33,522 shares of the transportation company’s stock worth $3,830,000 after purchasing an additional 91 shares during the period. Forum Financial Management LP lifted its holdings in shares of Expeditors International of Washington by 3.9% during the 2nd quarter. Forum Financial Management LP now owns 2,714 shares of the transportation company’s stock valued at $310,000 after buying an additional 101 shares during the period. Ancora Advisors LLC boosted its stake in shares of Expeditors International of Washington by 0.7% in the 1st quarter. Ancora Advisors LLC now owns 15,975 shares of the transportation company’s stock worth $1,921,000 after buying an additional 118 shares during the last quarter. Mission Wealth Management LP grew its holdings in shares of Expeditors International of Washington by 1.1% in the second quarter. Mission Wealth Management LP now owns 11,454 shares of the transportation company’s stock worth $1,309,000 after acquiring an additional 122 shares during the period. Finally, HighPoint Advisor Group LLC increased its position in Expeditors International of Washington by 5.9% during the first quarter. HighPoint Advisor Group LLC now owns 2,210 shares of the transportation company’s stock valued at $266,000 after acquiring an additional 123 shares during the last quarter. Institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Price Performance

EXPD opened at $139.90 on Wednesday. The company has a 50 day simple moving average of $124.62 and a two-hundred day simple moving average of $118.94. The firm has a market cap of $18.75 billion, a P/E ratio of 24.46, a PEG ratio of 5.00 and a beta of 1.09. Expeditors International of Washington, Inc. has a 1-year low of $100.47 and a 1-year high of $143.02.

Expeditors International of Washington Announces Dividend

The firm also recently declared a dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be issued a dividend of $0.77 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a yield of 113.0%. Expeditors International of Washington’s dividend payout ratio (DPR) is currently 25.12%.

Insider Transactions at Expeditors International of Washington

In other news, VP Jeffrey F. Dickerman sold 1,500 shares of the business’s stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $134.17, for a total value of $201,255.00. Following the transaction, the vice president directly owned 6,151 shares in the company, valued at $825,279.67. The trade was a 19.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mark A. Emmert sold 5,400 shares of the stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $135.25, for a total value of $730,350.00. Following the sale, the director owned 6,468 shares of the company’s stock, valued at $874,797. This represents a 45.50% decrease in their position. The SEC filing for this sale provides additional information. 0.69% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on EXPD shares. JPMorgan Chase & Co. raised their target price on Expeditors International of Washington from $116.00 to $134.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 5th. Truist Financial raised their price objective on shares of Expeditors International of Washington from $120.00 to $130.00 and gave the stock a “hold” rating in a report on Wednesday, November 5th. UBS Group raised shares of Expeditors International of Washington from a “neutral” rating to a “buy” rating and upped their target price for the company from $138.00 to $166.00 in a report on Monday. Barclays lifted their price target on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a research note on Thursday, September 11th. Finally, TD Cowen upped their price objective on Expeditors International of Washington from $111.00 to $131.00 and gave the stock a “sell” rating in a research note on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Expeditors International of Washington currently has a consensus rating of “Hold” and a consensus target price of $131.89.

About Expeditors International of Washington

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.