Empowered Funds LLC Grows Stake in Expeditors International of Washington, Inc. $EXPD

Empowered Funds LLC boosted its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 214.3% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 102,596 shares of the transportation company’s stock after acquiring an additional 69,956 shares during the quarter. Empowered Funds LLC owned 0.07% of Expeditors International of Washington worth $11,722,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of EXPD. Zions Bancorporation National Association UT purchased a new stake in shares of Expeditors International of Washington during the 1st quarter valued at about $30,000. Atlantic Union Bankshares Corp bought a new stake in Expeditors International of Washington during the second quarter valued at approximately $34,000. Ransom Advisory Ltd purchased a new stake in Expeditors International of Washington during the first quarter valued at approximately $41,000. Twin Tree Management LP purchased a new stake in Expeditors International of Washington during the first quarter valued at approximately $42,000. Finally, Addison Advisors LLC raised its position in Expeditors International of Washington by 79.1% in the second quarter. Addison Advisors LLC now owns 385 shares of the transportation company’s stock worth $44,000 after acquiring an additional 170 shares during the period. 94.02% of the stock is owned by hedge funds and other institutional investors.

Expeditors International of Washington Price Performance

EXPD stock opened at $139.90 on Wednesday. Expeditors International of Washington, Inc. has a 1-year low of $100.47 and a 1-year high of $143.02. The business has a 50 day simple moving average of $124.62 and a two-hundred day simple moving average of $118.94. The company has a market capitalization of $18.75 billion, a price-to-earnings ratio of 24.46, a PEG ratio of 5.00 and a beta of 1.09.

Expeditors International of Washington Announces Dividend

The business also recently announced a dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be paid a dividend of $0.77 per share. This represents a yield of 113.0%. The ex-dividend date of this dividend is Monday, December 1st. Expeditors International of Washington’s dividend payout ratio (DPR) is presently 25.12%.

Insider Buying and Selling at Expeditors International of Washington

In other news, VP Jeffrey F. Dickerman sold 1,500 shares of Expeditors International of Washington stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $134.17, for a total value of $201,255.00. Following the sale, the vice president directly owned 6,151 shares of the company’s stock, valued at approximately $825,279.67. The trade was a 19.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mark A. Emmert sold 5,400 shares of the business’s stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $135.25, for a total value of $730,350.00. Following the completion of the sale, the director owned 6,468 shares in the company, valued at $874,797. This represents a 45.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.69% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on EXPD shares. UBS Group raised shares of Expeditors International of Washington from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $138.00 to $166.00 in a research report on Monday. Zacks Research raised Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 11th. TD Cowen raised their target price on shares of Expeditors International of Washington from $111.00 to $131.00 and gave the stock a “sell” rating in a research note on Wednesday, November 5th. JPMorgan Chase & Co. lifted their price target on shares of Expeditors International of Washington from $116.00 to $134.00 and gave the company an “underweight” rating in a report on Wednesday, November 5th. Finally, Stifel Nicolaus increased their price objective on shares of Expeditors International of Washington from $114.00 to $130.00 and gave the stock a “hold” rating in a research note on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $131.89.

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.