Resona Asset Management Co. Ltd. Sells 3,362 Shares of Expeditors International of Washington, Inc. $EXPD

Resona Asset Management Co. Ltd. reduced its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 5.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 55,475 shares of the transportation company’s stock after selling 3,362 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Expeditors International of Washington were worth $7,911,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in EXPD. Elyxium Wealth LLC bought a new position in Expeditors International of Washington in the fourth quarter valued at about $28,000. DV Equities LLC bought a new stake in Expeditors International of Washington during the 4th quarter worth about $28,000. Nalls Sherbakoff Group LLC acquired a new position in Expeditors International of Washington during the 4th quarter valued at about $30,000. Bard Associates Inc. acquired a new position in Expeditors International of Washington during the 4th quarter valued at about $32,000. Finally, Community Bank N.A. bought a new position in shares of Expeditors International of Washington in the 3rd quarter valued at about $34,000. Institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Stock Up 0.8%

Expeditors International of Washington stock traded up $1.30 during midday trading on Friday, hitting $171.92. 1,213,249 shares of the stock were exchanged, compared to its average volume of 1,362,142. The stock has a market capitalization of $22.49 billion, a PE ratio of 30.06, a P/E/G ratio of 5.00 and a beta of 1.04. The company has a fifty day simple moving average of $160.57 and a two-hundred day simple moving average of $154.15. Expeditors International of Washington, Inc. has a 52 week low of $110.48 and a 52 week high of $172.18.

Expeditors International of Washington (NASDAQ:EXPD) last issued its 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%. Expeditors International of Washington’s revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.47 earnings per share. As a group, equities research analysts anticipate that Expeditors International of Washington, Inc. will post 5.39 EPS for the current fiscal year.

Expeditors International of Washington Dividend Announcement

The company also recently disclosed a dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were given a $0.81 dividend. The ex-dividend date was Monday, June 1st. This represents a dividend yield of 101.0%. Expeditors International of Washington’s dividend payout ratio is currently 26.21%.

Analyst Ratings Changes

A number of research firms recently weighed in on EXPD. Zacks Research raised shares of Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. Susquehanna lifted their target price on shares of Expeditors International of Washington from $142.00 to $156.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Barclays upped their target price on shares of Expeditors International of Washington from $135.00 to $150.00 and gave the company an “underweight” rating in a research report on Thursday, June 25th. UBS Group increased their price target on Expeditors International of Washington from $175.00 to $191.00 and gave the company a “buy” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. raised their price target on Expeditors International of Washington from $135.00 to $139.00 and gave the stock an “underweight” rating in a research report on Wednesday, May 6th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, four have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $142.22.

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.