Expeditors International of Washington, Inc. (NASDAQ:EXPD) is expected to pay $0.40 on Dec 15, 2016. The indicated annual dividend is $0.80. Shareholders owning the stock before Nov 29, 2016 will be eligible to receive the payout. Based on Expeditors International of Washington, Inc.’s current price of $53.11, the dividend is 0.75%. This dividend’s record date is Dec 1, 2016 and the announcement date is Nov 22, 2016. The stock increased 0.61% or $0.32 on November 25, hitting $53.11. Expeditors International of Washington (NASDAQ:EXPD) has risen 8.59% since April 25, 2016 and is uptrending. It has outperformed by 2.57% the S&P500.
Expeditors International of Washington, Inc. is a logistics company. The company has a market cap of $9.64 billion. The Firm is a third party logistics provider, and purchases cargo space from carriers, including airlines and ocean shipping lines on a volume basis and resells that space to its customers. It has a 22.47 P/E ratio. The Firm provides a range of customer solutions, such as order management, time-definite transportation, warehousing and distribution, temperature-controlled transit, cargo insurance and customized logistics solutions.
Insitutional Activity: The institutional sentiment decreased to 0.78 in 2016 Q2. Its down 0.22, from 1 in 2016Q1. The ratio turned negative, as 43 funds sold all Expeditors International of Washington shares owned while 170 reduced positions. 37 funds bought stakes while 177 increased positions. They now own 164.14 million shares or 2.34% less from 168.07 million shares in 2016Q1.
Commerzbank Aktiengesellschaft Fi accumulated 9,319 shares or 0% of the stock. Sumitomo Mitsui Asset Mgmt Commerce Ltd holds 14,299 shares or 0.02% of its portfolio. D E Shaw holds 391,971 shares or 0.04% of its portfolio. Amer Century holds 14,387 shares or 0% of its portfolio. Bluemountain Cap Llc reported 23,178 shares or 0.03% of all its holdings. Verition Fund Mngmt Limited Liability accumulated 12,298 shares or 0.08% of the stock. Aimz Advsrs Ltd Liability Co accumulated 51,525 shares or 2.32% of the stock. Sequent Asset Management Ltd Co last reported 14,519 shares in the company. The California-based Checchi Advisers Lc has invested 0.01% in Expeditors International of Washington (NASDAQ:EXPD). Blackrock Japan Com has 0.04% invested in the company for 228,707 shares. Euclid Advsr Limited Liability Com reported 5,690 shares or 0.01% of all its holdings. Allianz Asset Management Ag has 4,300 shares for 0% of their US portfolio. Old Mutual Customised Solutions (Proprietary) accumulated 2,200 shares or 0.03% of the stock. Arcadia Investment Mngmt Corp Mi holds 16,191 shares or 0.26% of its portfolio. Manufacturers Life Insurance The accumulated 0.01% or 165,506 shares.
Insider Transactions: Since June 1, 2016, the stock had 0 insider purchases, and 3 selling transactions for $5.66 million net activity. MALONE MICHAEL J sold $1.36M worth of stock or 26,646 shares. 12,460 Expeditors International of Washington (NASDAQ:EXPD) shares with value of $604,310 were sold by ALGER EUGENE K.
Expeditors International of Washington (NASDAQ:EXPD) Ratings Coverage
Out of 12 analysts covering Expeditors International of Washington (NASDAQ:EXPD), 3 rate it a “Buy”, 2 “Sell”, while 7 “Hold”. This means 25% are positive. Expeditors International of Washington has been the topic of 23 analyst reports since August 11, 2015 according to StockzIntelligence Inc. Zacks downgraded the shares of EXPD in a report on Monday, August 31 to “Buy” rating. The company was initiated on Tuesday, December 15 by Buckingham Research. The rating was downgraded by RBC Capital Markets to “Sector Perform” on Thursday, January 7. The firm has “Market Perform” rating given on Friday, March 18 by Cowen & Co. The company was upgraded on Tuesday, August 25 by Stifel Nicolaus. The firm earned “Positive” rating on Tuesday, August 11 by Susquehanna. The firm has “Hold” rating given on Wednesday, August 19 by Evercore. The company was downgraded on Wednesday, November 4 by Buckingham Research. On Thursday, January 7 the stock rating was downgraded by UBS to “Sell”. On Friday, October 9 the stock rating was initiated by UBS with “Neutral”.
More recent Expeditors International of Washington (NASDAQ:EXPD) news were published by: Forbes.com which released: “Relative Strength Alert For Expeditors International of Washington” on October 18, 2016. Also Forbes.com published the news titled: “Expeditors International of Washington Reaches Analyst Target Price” on October 31, 2016. Forbes.com‘s news article titled: “Carmax Becomes #11 Most Shorted S&P 500 Component, Replacing Expeditors …” with publication date: August 10, 2016 was also an interesting one.
EXPD Company Profile
Expeditors International of Washington, Inc., incorporated on May 29, 1979, is a logistics company. The Firm is a third party logistics provider, and purchases cargo space from carriers, including airlines and ocean shipping lines on a volume basis and resells that space to its customers. The Firm provides a range of customer solutions, such as order management, time-definite transportation, warehousing and distribution, temperature-controlled transit, cargo insurance and customized logistics solutions. In addition, the Company’s Project Cargo unit handles special project shipments that move through a single method or combination of air, ocean, and/or ground transportation. The Company’s primary services include airfreight services, ocean freight and ocean services, and customs brokerage and other services. The Firm is managed along five geographic areas: the Americas; North Asia; South Asia; Europe, and the Middle East, Africa and India.
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