27,741 Shares in Expeditors International of Washington, Inc. (NASDAQ:EXPD) Bought by CWA Asset Management Group LLC

CWA Asset Management Group LLC acquired a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 27,741 shares of the transportation company’s stock, valued at approximately $3,645,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hara Capital LLC acquired a new stake in Expeditors International of Washington in the 3rd quarter valued at $26,000. Crewe Advisors LLC acquired a new stake in Expeditors International of Washington in the 1st quarter valued at $25,000. Innealta Capital LLC bought a new position in shares of Expeditors International of Washington in the 2nd quarter valued at about $31,000. Family Firm Inc. bought a new position in shares of Expeditors International of Washington in the 2nd quarter valued at about $35,000. Finally, Ashton Thomas Private Wealth LLC bought a new position in shares of Expeditors International of Washington in the 2nd quarter valued at about $52,000. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Wolfe Research lowered shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 9th. Bank of America upped their price target on shares of Expeditors International of Washington from $131.00 to $132.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. Barclays upped 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 report on Wednesday. UBS Group raised shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and increased their price objective for the company from $95.00 to $137.00 in a research note on Thursday, August 1st. Finally, Benchmark reaffirmed a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, August 7th. Five investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $115.00.

Expeditors International of Washington Price Performance

EXPD opened at $120.03 on Friday. The company’s 50-day moving average is $122.39 and its 200 day moving average is $121.31. Expeditors International of Washington, Inc. has a fifty-two week low of $111.20 and a fifty-two week high of $131.59. The firm has a market capitalization of $16.94 billion, a P/E ratio of 25.76, a PEG ratio of 5.08 and a beta of 0.98.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings data on Tuesday, November 5th. The transportation company reported $1.63 EPS for the quarter, topping the consensus estimate of $1.33 by $0.30. The business had revenue of $3 billion for the quarter, compared to analyst estimates of $2.47 billion. Expeditors International of Washington had a net margin of 7.40% and a return on equity of 29.15%. The company’s revenue for the quarter was up 37.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.16 earnings per share. On average, equities research analysts expect that Expeditors International of Washington, Inc. will post 5.04 earnings per share for the current 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 paid a $0.73 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a dividend yield of 1.2%. Expeditors International of Washington’s payout ratio is 31.33%.

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.