Expeditors International of Washington, Inc. (NASDAQ:EXPD) Director Mark A. Emmert Sells 8,100 Shares of Stock

Expeditors International of Washington, Inc. (NASDAQ:EXPD) Director Mark A. Emmert sold 8,100 shares of the business’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $123.67, for a total transaction of $1,001,727.00. Following the completion of the transaction, the director now directly owns 14,085 shares in the company, valued at $1,741,891.95. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Expeditors International of Washington Stock Up 0.3 %

Shares of EXPD opened at $123.74 on Tuesday. The business’s 50-day moving average price is $118.06 and its 200-day moving average price is $121.54. Expeditors International of Washington, Inc. has a twelve month low of $107.03 and a twelve month high of $131.17. The stock has a market cap of $17.48 billion, a PE ratio of 26.24, a P/E/G ratio of 5.75 and a beta of 0.99.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings results on Tuesday, May 7th. The transportation company reported $1.17 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.07. Expeditors International of Washington had a return on equity of 28.89% and a net margin of 7.81%. The firm had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.22 billion. During the same period in the prior year, the business posted $1.45 earnings per share. The company’s revenue was down 14.9% on a year-over-year basis. Analysts expect that Expeditors International of Washington, Inc. will post 4.89 earnings per share for the current fiscal year.

Expeditors International of Washington Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were given a $0.73 dividend. This represents a dividend yield of 1.2%. This is a boost from Expeditors International of Washington’s previous semi-annual dividend of $0.69. The ex-dividend date of this dividend was Monday, June 3rd. Expeditors International of Washington’s dividend payout ratio is 30.93%.

Wall Street Analyst Weigh In

EXPD has been the topic of a number of research analyst reports. Stifel Nicolaus boosted their price target on shares of Expeditors International of Washington from $112.00 to $114.00 and gave the stock a “hold” rating in a report on Thursday, May 23rd. TD Cowen boosted their price objective on Expeditors International of Washington from $111.00 to $112.00 and gave the company a “hold” rating in a research note on Wednesday, May 8th. Bank of America boosted their price objective on Expeditors International of Washington from $126.00 to $131.00 and gave the company a “neutral” rating in a research note on Wednesday, June 12th. BNP Paribas upgraded Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $112.00 price objective on the stock in a research note on Tuesday, May 14th. Finally, Wolfe Research upgraded Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, May 28th. Two research analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. Based on data from MarketBeat.com, Expeditors International of Washington presently has a consensus rating of “Hold” and a consensus target price of $111.88.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Capital Analysts LLC increased its position in shares of Expeditors International of Washington by 0.6% in the fourth quarter. Capital Analysts LLC now owns 14,137 shares of the transportation company’s stock worth $1,798,000 after purchasing an additional 80 shares during the last quarter. IMPACTfolio LLC increased its position in shares of Expeditors International of Washington by 4.4% in the fourth quarter. IMPACTfolio LLC now owns 1,949 shares of the transportation company’s stock worth $248,000 after purchasing an additional 82 shares during the last quarter. Wealthsource Partners LLC increased its position in shares of Expeditors International of Washington by 3.3% in the fourth quarter. Wealthsource Partners LLC now owns 2,956 shares of the transportation company’s stock worth $376,000 after purchasing an additional 95 shares during the last quarter. Cape ANN Savings Bank increased its position in shares of Expeditors International of Washington by 2.9% in the fourth quarter. Cape ANN Savings Bank now owns 3,379 shares of the transportation company’s stock worth $427,000 after purchasing an additional 95 shares during the last quarter. Finally, SkyOak Wealth LLC increased its position in shares of Expeditors International of Washington by 3.9% in the first quarter. SkyOak Wealth LLC now owns 2,529 shares of the transportation company’s stock worth $307,000 after purchasing an additional 95 shares during the last quarter. 94.02% of the stock is currently owned by institutional investors.

Expeditors International of Washington Company 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.