ProShare Advisors LLC Sells 38,351 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

ProShare Advisors LLC trimmed its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 2.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,554,878 shares of the transportation company’s stock after selling 38,351 shares during the period. ProShare Advisors LLC owned about 1.02% of Expeditors International of Washington worth $188,342,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in EXPD. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Expeditors International of Washington by 6.6% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 22,667 shares of the transportation company’s stock valued at $2,338,000 after buying an additional 1,404 shares during the period. Sei Investments Co. boosted its position in Expeditors International of Washington by 6.7% in the 1st quarter. Sei Investments Co. now owns 133,626 shares of the transportation company’s stock valued at $13,801,000 after buying an additional 8,438 shares during the period. National Pension Service boosted its position in Expeditors International of Washington by 4.9% in the 1st quarter. National Pension Service now owns 288,713 shares of the transportation company’s stock valued at $29,784,000 after buying an additional 13,608 shares during the period. Vanguard Group Inc. boosted its position in Expeditors International of Washington by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 19,675,632 shares of the transportation company’s stock valued at $2,029,739,000 after buying an additional 190,319 shares during the period. Finally, Zions Bancorporation N.A. boosted its position in Expeditors International of Washington by 234.3% in the 1st quarter. Zions Bancorporation N.A. now owns 575 shares of the transportation company’s stock valued at $59,000 after buying an additional 403 shares during the period. 96.73% of the stock is currently owned by institutional investors.

Expeditors International of Washington Stock Up 1.0 %

Shares of NASDAQ EXPD traded up $1.17 during trading hours on Friday, hitting $118.98. 1,276,762 shares of the stock were exchanged, compared to its average volume of 1,224,689. The company has a market cap of $17.30 billion, a PE ratio of 22.49 and a beta of 1.01. The firm has a fifty day moving average price of $114.75 and a 200-day moving average price of $116.76. Expeditors International of Washington, Inc. has a 12 month low of $102.75 and a 12 month high of $128.04.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings data on Tuesday, November 7th. The transportation company reported $1.16 EPS for the quarter, missing the consensus estimate of $1.25 by ($0.09). The firm had revenue of $2.19 billion for 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%. The company’s revenue was down 49.8% compared to the same quarter last year. During the same quarter last year, the firm earned $2.54 EPS. As a group, equities analysts anticipate that Expeditors International of Washington, Inc. will post 5.19 earnings per share for the current fiscal year.

Expeditors International of Washington Announces Dividend

The business also recently declared a Semi-Annual dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a dividend of $0.69 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a yield of 1.2%. Expeditors International of Washington’s payout ratio is 26.09%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Stephens boosted their price objective on shares of Expeditors International of Washington from $105.00 to $115.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 9th. Morgan Stanley lowered their price target on shares of Expeditors International of Washington from $85.00 to $84.00 and set an “underweight” rating for the company in a research report on Monday, November 13th. Susquehanna lowered their price target on shares of Expeditors International of Washington from $115.00 to $109.00 and set a “neutral” rating for the company in a research report on Wednesday, November 8th. StockNews.com started coverage on shares of Expeditors International of Washington in a research report on Thursday, October 5th. They issued a “hold” rating for the company. Finally, JPMorgan Chase & Co. lowered their price target on shares of Expeditors International of Washington from $110.00 to $107.00 and set an “underweight” rating for the company in a research report on Wednesday, November 8th. Three research analysts have rated the stock with a sell rating and five have given a hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $104.44.

Expeditors International of Washington Company Profile

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.