Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Sold by EP Wealth Advisors LLC

EP Wealth Advisors LLC trimmed its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 7.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,765 shares of the transportation company’s stock after selling 147 shares during the period. EP Wealth Advisors LLC’s holdings in Expeditors International of Washington were worth $232,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Hara Capital LLC purchased a new position in Expeditors International of Washington during the third quarter worth $26,000. Innealta Capital LLC acquired a new stake in shares of Expeditors International of Washington during the second quarter valued at $31,000. Family Firm Inc. purchased a new stake in Expeditors International of Washington during the 2nd quarter worth about $35,000. Ashton Thomas Private Wealth LLC acquired a new position in Expeditors International of Washington in the 2nd quarter valued at about $52,000. Finally, Maia Wealth LLC purchased a new position in Expeditors International of Washington in the 3rd quarter valued at about $59,000. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Expeditors International of Washington Stock Down 1.0 %

EXPD stock opened at $118.51 on Friday. The company has a market cap of $16.59 billion, a price-to-earnings ratio of 23.10, a PEG ratio of 3.42 and a beta of 0.97. The business has a fifty day simple moving average of $120.45 and a 200-day simple moving average of $122.13. Expeditors International of Washington, Inc. has a 52 week low of $111.20 and a 52 week high of $131.59.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings results 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 company had revenue of $3 billion during the quarter, compared to analyst estimates of $2.47 billion. Expeditors International of Washington had a return on equity of 32.12% and a net margin of 7.39%. The firm’s revenue was up 37.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.16 earnings per share. As a group, analysts expect that Expeditors International of Washington, Inc. will post 5.43 earnings per share for the current fiscal year.

Expeditors International of Washington Dividend Announcement

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

Insiders Place Their Bets

In related news, Director Robert Paul Carlile sold 3,000 shares of Expeditors International of Washington stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $121.11, for a total transaction of $363,330.00. Following the transaction, the director now owns 9,662 shares in the company, valued at approximately $1,170,164.82. The trade was a 23.69 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.69% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

EXPD has been the subject of a number of recent research reports. 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 report on Wednesday, November 6th. TD Cowen lifted their target price on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the stock a “sell” rating in a research note on Wednesday, November 6th. Finally, Wolfe Research lowered Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 9th. Four equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $118.44.

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.