Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Sold by Foster & Motley Inc.

Foster & Motley Inc. cut its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 2.6% during the third quarter, HoldingsChannel.com reports. The fund owned 18,687 shares of the transportation company’s stock after selling 508 shares during the period. Foster & Motley Inc.’s holdings in Expeditors International of Washington were worth $2,455,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Crewe Advisors LLC acquired a new position in shares of Expeditors International of Washington during the 1st quarter valued at about $25,000. Innealta Capital LLC purchased a new stake in shares of Expeditors International of Washington in the 2nd quarter valued at approximately $31,000. Family Firm Inc. acquired a new stake in shares of Expeditors International of Washington during the 2nd quarter worth approximately $35,000. ORG Partners LLC raised its position in shares of Expeditors International of Washington by 752.0% during the 1st quarter. ORG Partners LLC now owns 426 shares of the transportation company’s stock valued at $51,000 after buying an additional 376 shares during the period. Finally, Ashton Thomas Private Wealth LLC acquired a new position in Expeditors International of Washington in the second quarter valued at approximately $52,000. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on EXPD. UBS Group upgraded Expeditors International of Washington from a “sell” rating to a “neutral” rating and lifted their target price for the company from $95.00 to $137.00 in a research report on Thursday, August 1st. Benchmark reaffirmed a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, August 7th. Bank of America lifted their price target on shares of Expeditors International of Washington from $131.00 to $132.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. Wolfe Research lowered shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 9th. Finally, TD Cowen lifted their target price on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a report on Wednesday. Five research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. According to MarketBeat.com, Expeditors International of Washington currently has a consensus rating of “Hold” and an average target price of $115.00.

Expeditors International of Washington Trading Down 2.1 %

NASDAQ:EXPD opened at $119.41 on Thursday. Expeditors International of Washington, Inc. has a 12-month low of $107.03 and a 12-month high of $131.59. The firm has a market cap of $16.85 billion, a PE ratio of 23.28, a price-to-earnings-growth ratio of 5.03 and a beta of 0.98. The stock has a fifty day moving average price of $122.56 and a 200 day moving average price of $121.29.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings data on Tuesday, November 5th. The transportation company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.30. Expeditors International of Washington had a return on equity of 29.15% and a net margin of 7.40%. The business had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.47 billion. During the same quarter last year, the business posted $1.16 EPS. The business’s quarterly revenue was up 37.0% compared to the same quarter last year. Equities analysts forecast that Expeditors International of Washington, Inc. will post 5.04 EPS for the current year.

Expeditors International of Washington Announces Dividend

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

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.