Farmers & Merchants Investments Inc. Sells 31,247 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Farmers & Merchants Investments Inc. lowered its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 69.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,649 shares of the transportation company’s stock after selling 31,247 shares during the quarter. Farmers & Merchants Investments Inc.’s holdings in Expeditors International of Washington were worth $1,659,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Optiver Holding B.V. purchased a new stake in Expeditors International of Washington during the fourth quarter worth $27,000. CVA Family Office LLC purchased a new stake in Expeditors International of Washington during the fourth quarter worth $35,000. BKM Wealth Management LLC purchased a new stake in Expeditors International of Washington during the fourth quarter worth $37,000. Planned Solutions Inc. purchased a new stake in Expeditors International of Washington during the fourth quarter worth $37,000. Finally, Fortitude Family Office LLC purchased a new stake in Expeditors International of Washington during the fourth quarter worth $38,000. Institutional investors own 94.02% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on EXPD. TD Cowen increased their price objective on Expeditors International of Washington from $111.00 to $112.00 and gave the company a “hold” rating in a report on Wednesday, May 8th. Susquehanna increased their price objective on Expeditors International of Washington from $112.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday, May 8th. Wolfe Research upgraded Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a report on Tuesday, May 28th. Stifel Nicolaus increased their price objective on Expeditors International of Washington from $112.00 to $114.00 and gave the company a “hold” rating in a report on Thursday, May 23rd. Finally, JPMorgan Chase & Co. increased their price objective on Expeditors International of Washington from $106.00 to $107.00 and gave the company an “underweight” rating in a report on Tuesday, April 9th. Two analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $111.88.

Insider Activity

In other news, Director Mark A. Emmert sold 8,100 shares of the firm’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 sale, the director now directly owns 14,085 shares in the company, valued at approximately $1,741,891.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Blake R. Bell sold 4,100 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $116.99, for a total transaction of $479,659.00. Following the sale, the insider now directly owns 52,745 shares in the company, valued at approximately $6,170,637.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mark A. Emmert sold 8,100 shares of the firm’s stock in a transaction dated Friday, June 14th. The shares were 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 disclosure for this sale can be found here. Insiders own 0.75% of the company’s stock.

Expeditors International of Washington Price Performance

NASDAQ EXPD opened at $121.32 on Wednesday. The stock’s fifty day moving average price is $120.09 and its 200 day moving average price is $121.85. The company has a market cap of $17.14 billion, a price-to-earnings ratio of 26.44, a PEG ratio of 5.81 and a beta of 0.98. Expeditors International of Washington, Inc. has a 1 year low of $107.03 and a 1 year high of $131.17.

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, topping the consensus estimate of $1.10 by $0.07. The company had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.22 billion. Expeditors International of Washington had a return on equity of 28.89% and a net margin of 7.81%. The firm’s revenue for the quarter was down 14.9% compared to the same quarter last year. During the same period last year, the firm earned $1.45 EPS. Research analysts expect that Expeditors International of Washington, Inc. will post 4.89 earnings per share for the current year.

Expeditors International of Washington Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were given a dividend of $0.73 per share. This is an increase from Expeditors International of Washington’s previous semi-annual dividend of $0.69. This represents a yield of 1.2%. The ex-dividend date was Monday, June 3rd. Expeditors International of Washington’s dividend payout ratio (DPR) is currently 30.93%.

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.