First Horizon Advisors Inc. Sells 319 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

First Horizon Advisors Inc. lessened its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPDGet Rating) by 51.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 298 shares of the transportation company’s stock after selling 319 shares during the quarter. First Horizon Advisors Inc.’s holdings in Expeditors International of Washington were worth $40,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Washington Trust Bank bought a new stake in Expeditors International of Washington during the 4th quarter valued at approximately $211,000. AIMZ Investment Advisors LLC boosted its stake in Expeditors International of Washington by 1.2% during the 4th quarter. AIMZ Investment Advisors LLC now owns 43,114 shares of the transportation company’s stock valued at $5,790,000 after purchasing an additional 520 shares during the period. UMB Bank N A MO bought a new stake in Expeditors International of Washington during the 4th quarter valued at approximately $1,441,000. NorthCrest Asset Manangement LLC bought a new stake in Expeditors International of Washington during the 4th quarter valued at approximately $1,974,000. Finally, Baird Financial Group Inc. boosted its stake in Expeditors International of Washington by 0.3% during the 4th quarter. Baird Financial Group Inc. now owns 1,415,488 shares of the transportation company’s stock valued at $190,086,000 after purchasing an additional 4,764 shares during the period. Hedge funds and other institutional investors own 92.14% of the company’s stock.

Several brokerages recently weighed in on EXPD. Benchmark assumed coverage on Expeditors International of Washington in a research note on Wednesday, March 16th. They set a “hold” rating for the company. Morgan Stanley reduced their price objective on Expeditors International of Washington from $95.00 to $94.00 and set an “underweight” rating for the company in a research report on Monday, February 28th. The Goldman Sachs Group reduced their price objective on Expeditors International of Washington from $117.00 to $101.00 in a research report on Tuesday, February 22nd. Wells Fargo & Company reduced their price objective on Expeditors International of Washington from $125.00 to $115.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 23rd. Finally, Susquehanna reduced their price objective on Expeditors International of Washington from $130.00 to $115.00 and set a “neutral” rating for the company in a research report on Wednesday, February 23rd. Two research analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $113.60.

Shares of EXPD opened at $111.59 on Friday. Expeditors International of Washington, Inc. has a 1 year low of $94.95 and a 1 year high of $137.80. The stock has a 50 day simple moving average of $102.22 and a 200-day simple moving average of $114.39. The stock has a market cap of $18.72 billion, a PE ratio of 12.92 and a beta of 0.85.

Expeditors International of Washington (NASDAQ:EXPDGet Rating) last issued its earnings results on Tuesday, May 3rd. The transportation company reported $2.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.77 by $0.28. Expeditors International of Washington had a return on equity of 42.58% and a net margin of 8.20%. The business had revenue of $4.66 billion during the quarter, compared to analysts’ expectations of $4.26 billion. During the same period in the prior year, the firm posted $1.67 EPS. Expeditors International of Washington’s quarterly revenue was up 45.8% compared to the same quarter last year. As a group, analysts anticipate that Expeditors International of Washington, Inc. will post 7.63 earnings per share for the current fiscal year.

The firm also recently declared a Semi-Annual dividend, which will be paid on Wednesday, June 15th. Investors of record on Wednesday, June 1st will be issued a dividend of $0.67 per share. This represents a yield of 1.2%. This is a boost from Expeditors International of Washington’s previous Semi-Annual dividend of $0.58. The ex-dividend date of this dividend is Tuesday, May 31st. Expeditors International of Washington’s dividend payout ratio (DPR) is currently 13.43%.

Expeditors International of Washington Profile (Get Rating)

Expeditors International of Washington, Inc provides logistics services in the Americas, North Asia, South Asia, Europe, the Middle East, Africa, and India. 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, 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.

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Institutional Ownership by Quarter for Expeditors International of Washington (NASDAQ:EXPD)

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