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

B. Riley Wealth Advisors Inc. lessened its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 18.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,376 shares of the transportation company’s stock after selling 541 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Expeditors International of Washington were worth $302,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. First Eagle Investment Management LLC grew its position in Expeditors International of Washington by 1.0% during the fourth quarter. First Eagle Investment Management LLC now owns 2,686,745 shares of the transportation company’s stock valued at $341,754,000 after buying an additional 25,580 shares during the period. Wellington Management Group LLP grew its position in shares of Expeditors International of Washington by 4.6% in the fourth quarter. Wellington Management Group LLP now owns 2,622,758 shares of the transportation company’s stock valued at $333,615,000 after purchasing an additional 115,978 shares during the period. Morgan Stanley grew its position in shares of Expeditors International of Washington by 5.3% in the third quarter. Morgan Stanley now owns 1,923,792 shares of the transportation company’s stock valued at $220,524,000 after purchasing an additional 96,787 shares during the period. Baird Financial Group Inc. grew its position in shares of Expeditors International of Washington by 1.3% in the fourth quarter. Baird Financial Group Inc. now owns 1,609,789 shares of the transportation company’s stock valued at $204,765,000 after purchasing an additional 20,272 shares during the period. Finally, First Trust Advisors LP grew its position in shares of Expeditors International of Washington by 580.8% in the fourth quarter. First Trust Advisors LP now owns 1,584,361 shares of the transportation company’s stock valued at $201,531,000 after purchasing an additional 1,351,630 shares during the period. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Price Performance

Shares of EXPD stock opened at $127.32 on Thursday. The firm’s 50-day moving average is $119.37 and its two-hundred day moving average is $121.83. Expeditors International of Washington, Inc. has a 12 month low of $107.03 and a 12 month high of $131.17. The company has a market capitalization of $17.98 billion, a PE ratio of 26.97, a price-to-earnings-growth ratio of 5.90 and a beta of 0.99.

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

Expeditors International of Washington Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were paid a $0.73 dividend. This represents a dividend yield of 1.2%. 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. Expeditors International of Washington’s payout ratio is 30.93%.

Insider Activity at Expeditors International of Washington

In related news, Director Mark A. Emmert sold 8,100 shares of Expeditors International of Washington stock in a transaction that occurred 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 completion of the transaction, the director now owns 14,085 shares in the company, valued at $1,741,891.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Expeditors International of Washington news, insider Blake R. Bell sold 4,100 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $116.99, for a total transaction of $479,659.00. Following the completion of the transaction, the insider now owns 52,745 shares in the company, valued at approximately $6,170,637.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mark A. Emmert sold 8,100 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $123.67, for a total transaction of $1,001,727.00. Following the transaction, the director now owns 14,085 shares of the company’s stock, valued at approximately $1,741,891.95. The disclosure for this sale can be found here. Company insiders own 0.69% of the company’s stock.

Wall Street Analysts Forecast Growth

EXPD has been the topic of several research analyst reports. Wolfe Research upgraded shares of Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, May 28th. Bank of America lifted their target price on shares of Expeditors International of Washington from $126.00 to $131.00 and gave the company a “neutral” rating in a research report on Wednesday, June 12th. Susquehanna lifted their target price on shares of Expeditors International of Washington from $112.00 to $120.00 and gave the company a “neutral” rating in a research report on Wednesday, May 8th. JPMorgan Chase & Co. raised their price target on shares of Expeditors International of Washington from $106.00 to $107.00 and gave the stock an “underweight” rating in a research note on Tuesday, April 9th. Finally, BNP Paribas raised shares of Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $112.00 price target on the stock in a research note on Tuesday, May 14th. Two analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to data from MarketBeat.com, Expeditors International of Washington has an average rating of “Hold” and an average target price of $111.88.

Expeditors International of Washington Company 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.