PNC Financial Services Group Inc. Has $8.21 Million Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

PNC Financial Services Group Inc. cut its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 3.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 62,460 shares of the transportation company’s stock after selling 2,269 shares during the period. PNC Financial Services Group Inc.’s holdings in Expeditors International of Washington were worth $8,207,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in EXPD. Hara Capital LLC acquired a new stake in Expeditors International of Washington in the third quarter valued at $26,000. Innealta Capital LLC bought a new stake in shares of Expeditors International of Washington in the 2nd quarter valued at about $31,000. Family Firm Inc. acquired a new stake in shares of Expeditors International of Washington in the second quarter valued at about $35,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Expeditors International of Washington during the second quarter worth about $52,000. Finally, Maia Wealth LLC acquired a new position in shares of Expeditors International of Washington in the third quarter worth approximately $59,000. 94.02% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, August 7th. Wolfe Research downgraded shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 9th. Barclays upped their price target on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a research report on Wednesday, November 6th. TD Cowen lifted their price objective on 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. Finally, UBS Group upgraded Expeditors International of Washington from a “sell” rating to a “neutral” rating and upped their target price for the company from $95.00 to $137.00 in a research report on Thursday, August 1st. Four research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. According to data from MarketBeat.com, Expeditors International of Washington presently has a consensus rating of “Hold” and an average price target of $118.44.

Expeditors International of Washington Stock Performance

Shares of NASDAQ:EXPD opened at $121.32 on Friday. The firm has a market cap of $16.98 billion, a P/E ratio of 23.65, a PEG ratio of 3.39 and a beta of 0.98. Expeditors International of Washington, Inc. has a 52-week low of $111.20 and a 52-week high of $131.59. The business’s 50 day simple moving average is $121.86 and its two-hundred day simple moving average is $121.75.

Expeditors International of Washington (NASDAQ:EXPD) last issued its earnings results on Tuesday, November 5th. The transportation company reported $1.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.30. The company had revenue of $3 billion for the quarter, compared to analysts’ expectations of $2.47 billion. Expeditors International of Washington had a return on equity of 32.12% and a net margin of 7.39%. Expeditors International of Washington’s quarterly revenue was up 37.0% compared to the same quarter last year. During the same period last year, the business earned $1.16 EPS. On average, equities analysts forecast that Expeditors International of Washington, Inc. will post 5.37 earnings per share for the current fiscal year.

Expeditors International of Washington Announces Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.73 per share. This represents a dividend yield of 1.2%. The ex-dividend date of this dividend is Monday, December 2nd. Expeditors International of Washington’s payout ratio is presently 28.46%.

Expeditors International of Washington Company 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.