Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lowered its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 2.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 17,214,477 shares of the transportation company’s stock after selling 355,165 shares during the quarter. Vanguard Group Inc. owned about 11.96% of Expeditors International of Washington worth $2,189,681,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of EXPD. Optiver Holding B.V. acquired a new stake in Expeditors International of Washington during the 4th quarter valued at approximately $27,000. CVA Family Office LLC acquired a new stake in Expeditors International of Washington during the 4th quarter valued at approximately $35,000. BKM Wealth Management LLC acquired a new stake in Expeditors International of Washington during the 4th quarter valued at approximately $37,000. Planned Solutions Inc. acquired a new stake in Expeditors International of Washington during the 4th quarter valued at approximately $37,000. Finally, Fortitude Family Office LLC acquired a new stake in Expeditors International of Washington during the 4th quarter valued at approximately $38,000. Institutional investors and hedge funds own 94.02% of the company’s stock.

Insider Buying and Selling

In other Expeditors International of Washington news, insider Blake R. Bell sold 4,100 shares of Expeditors International of Washington stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $116.99, for a total transaction of $479,659.00. Following the sale, the insider now owns 52,745 shares of the company’s stock, valued at approximately $6,170,637.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Expeditors International of Washington news, insider Blake R. Bell sold 4,100 shares of Expeditors International of Washington stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $116.99, for a total transaction of $479,659.00. Following the sale, the insider now owns 52,745 shares of the company’s stock, valued at approximately $6,170,637.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mark A. Emmert sold 8,100 shares of Expeditors International of Washington stock in a transaction on Friday, June 14th. The shares were sold at an average price of $123.67, for a total value of $1,001,727.00. Following the sale, the director now directly owns 14,085 shares in the company, valued at approximately $1,741,891.95. The disclosure for this sale can be found here. Company insiders own 0.75% of the company’s stock.

Expeditors International of Washington Trading Up 0.3 %

Shares of NASDAQ EXPD opened at $123.74 on Tuesday. The company has a market cap of $17.48 billion, a price-to-earnings ratio of 26.14, a price-to-earnings-growth ratio of 5.75 and a beta of 0.99. Expeditors International of Washington, Inc. has a 12-month low of $107.03 and a 12-month high of $131.17. The stock’s 50 day simple moving average is $118.06 and its 200 day simple moving average is $121.54.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings results on Tuesday, May 7th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.07. The business had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.22 billion. Expeditors International of Washington had a return on equity of 28.89% and a net margin of 7.81%. The business’s revenue was down 14.9% on a year-over-year basis. During the same quarter last year, the business posted $1.45 EPS. As a group, equities analysts forecast that Expeditors International of Washington, Inc. will post 4.89 earnings per share for the current fiscal year.

Expeditors International of Washington Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were issued a $0.73 dividend. This is an increase from Expeditors International of Washington’s previous semi-annual dividend of $0.69. The ex-dividend date was Monday, June 3rd. This represents a dividend yield of 1.2%. Expeditors International of Washington’s dividend payout ratio (DPR) is 30.93%.

Analysts Set New Price Targets

EXPD has been the subject of a number of recent analyst reports. Bank of America raised their price objective on Expeditors International of Washington from $126.00 to $131.00 and gave the company a “neutral” rating in a research note on Wednesday, June 12th. Stifel Nicolaus lifted their target price on Expeditors International of Washington from $112.00 to $114.00 and gave the stock a “hold” rating in a research report on Thursday, May 23rd. Wolfe Research upgraded Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, May 28th. Susquehanna lifted their target price on Expeditors International of Washington from $112.00 to $120.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 8th. Finally, BNP Paribas upgraded Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $112.00 target price for the company in a research report on Tuesday, May 14th. Two research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to MarketBeat.com, Expeditors International of Washington presently has a consensus rating of “Hold” and an average target price of $111.88.

Expeditors International of Washington 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.