Eads & Heald Wealth Management Purchases 320 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Eads & Heald Wealth Management grew its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 1.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,039 shares of the transportation company’s stock after purchasing an additional 320 shares during the period. Eads & Heald Wealth Management’s holdings in Expeditors International of Washington were worth $2,109,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Expeditors International of Washington by 12.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,400,949 shares of the transportation company’s stock valued at $315,485,000 after purchasing an additional 257,791 shares in the last quarter. Marshfield Associates increased its holdings in Expeditors International of Washington by 0.4% during the third quarter. Marshfield Associates now owns 1,818,027 shares of the transportation company’s stock worth $238,889,000 after buying an additional 6,878 shares during the last quarter. Principal Financial Group Inc. raised its position in Expeditors International of Washington by 0.3% during the third quarter. Principal Financial Group Inc. now owns 1,161,027 shares of the transportation company’s stock worth $152,559,000 after acquiring an additional 4,044 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Expeditors International of Washington by 6.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 833,610 shares of the transportation company’s stock valued at $109,536,000 after acquiring an additional 51,265 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale increased its stake in shares of Expeditors International of Washington by 1.1% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 803,807 shares of the transportation company’s stock worth $101,756,000 after purchasing an additional 9,007 shares during the last quarter. 94.02% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Robert Paul Carlile sold 3,000 shares of Expeditors International of Washington stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $121.11, for a total value of $363,330.00. Following the transaction, the director now owns 9,662 shares in the company, valued at approximately $1,170,164.82. This trade represents a 23.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.75% of the stock is owned by company insiders.

Expeditors International of Washington Stock Performance

NASDAQ:EXPD opened at $112.77 on Wednesday. Expeditors International of Washington, Inc. has a 52 week low of $108.36 and a 52 week high of $131.59. The firm’s 50-day simple moving average is $115.75 and its 200 day simple moving average is $119.76. The firm has a market cap of $15.79 billion, a price-to-earnings ratio of 21.51, a P/E/G ratio of 3.74 and a beta of 0.99.

Expeditors International of Washington (NASDAQ:EXPD) last announced its earnings results on Tuesday, November 5th. The transportation company reported $1.63 EPS for the quarter, topping the consensus estimate of $1.33 by $0.30. The company had revenue of $3 billion for the quarter, compared to analysts’ expectations of $2.47 billion. Expeditors International of Washington had a net margin of 7.39% and a return on equity of 32.12%. The business’s revenue for the quarter was up 37.0% on a year-over-year basis. During the same period last year, the firm earned $1.16 earnings per share. Sell-side analysts anticipate that Expeditors International of Washington, Inc. will post 5.47 EPS for the current year.

Expeditors International of Washington Dividend Announcement

The business also recently announced a semi-annual dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were issued a dividend of $0.73 per share. This represents a dividend yield of 1.2%. The ex-dividend date of this dividend was Monday, December 2nd. Expeditors International of Washington’s dividend payout ratio (DPR) is currently 28.46%.

Analyst Ratings Changes

Several brokerages recently issued reports on EXPD. Wolfe Research downgraded shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 9th. TD Cowen boosted their target price on Expeditors International of Washington from $106.00 to $108.00 and gave the stock a “sell” rating in a report on Wednesday, November 6th. Bank of America cut their price target on Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Finally, Barclays upped their price objective on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. Four research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to data from MarketBeat.com, Expeditors International of Washington currently has a consensus rating of “Hold” and a consensus price target of $117.11.

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.