Everett Harris & Co. CA Sells 4,219 Shares of Expeditors International of Washington, Inc. $EXPD

Everett Harris & Co. CA reduced its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 2.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 203,528 shares of the transportation company’s stock after selling 4,219 shares during the quarter. Everett Harris & Co. CA’s holdings in Expeditors International of Washington were worth $30,328,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Elyxium Wealth LLC bought a new stake in shares of Expeditors International of Washington during the 4th quarter worth approximately $28,000. Community Bank N.A. bought a new stake in shares of Expeditors International of Washington during the 3rd quarter worth approximately $34,000. Geneos Wealth Management Inc. lifted its stake in shares of Expeditors International of Washington by 132.3% during the 4th quarter. Geneos Wealth Management Inc. now owns 230 shares of the transportation company’s stock worth $34,000 after acquiring an additional 131 shares during the last quarter. Oakworth Capital Inc. raised its position in Expeditors International of Washington by 1,723.1% during the 4th quarter. Oakworth Capital Inc. now owns 237 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 224 shares in the last quarter. Finally, eCIO Inc. bought a new stake in Expeditors International of Washington during the 4th quarter valued at $37,000. 94.02% of the stock is owned by institutional investors.

Analysts Set New Price Targets

EXPD has been the subject of a number of research analyst reports. UBS Group lifted their target price on Expeditors International of Washington from $166.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, May 8th. JPMorgan Chase & Co. lifted their target price on Expeditors International of Washington from $135.00 to $139.00 and gave the company an “underweight” rating in a research report on Wednesday, May 6th. Susquehanna lifted their target price on Expeditors International of Washington from $142.00 to $156.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Zacks Research raised Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Finally, Wolfe Research raised Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, five have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, Expeditors International of Washington has an average rating of “Hold” and an average target price of $137.30.

Expeditors International of Washington Trading Up 1.7%

Shares of NASDAQ:EXPD opened at $163.20 on Tuesday. The company has a market capitalization of $21.35 billion, a PE ratio of 28.53, a P/E/G ratio of 5.00 and a beta of 1.05. Expeditors International of Washington, Inc. has a 12-month low of $110.48 and a 12-month high of $167.19. The business’s fifty day simple moving average is $151.75 and its 200-day simple moving average is $151.42.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings results on Tuesday, May 5th. The transportation company reported $1.71 EPS for the quarter, beating the consensus estimate of $1.33 by $0.38. Expeditors International of Washington had a net margin of 7.64% and a return on equity of 36.16%. The company’s revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the business earned $1.47 earnings per share. Research analysts predict that Expeditors International of Washington, Inc. will post 5.39 EPS for the current year.

Expeditors International of Washington Announces Dividend

The company also recently declared a dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be given a dividend of $0.81 per share. This represents a dividend yield of 101.0%. The ex-dividend date of this dividend is Monday, June 1st. Expeditors International of Washington’s dividend payout ratio is presently 26.21%.

Expeditors International of Washington Company Profile

Expeditors International of Washington is a global logistics and freight forwarding company headquartered in Seattle, Washington. The firm specializes in providing tailored supply chain solutions that encompass air, ocean and ground transportation. Through an integrated service model, Expeditors coordinates and manages the movement of goods for a diverse customer base, including manufacturers, retailers and technology companies.

The company’s core offerings include customs brokerage, cargo insurance, distribution and warehousing services, as well as vendor consolidation and inventory management.