Cape ANN Savings Bank Boosts Stock Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Cape ANN Savings Bank grew its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 2.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 3,379 shares of the transportation company’s stock after acquiring an additional 95 shares during the quarter. Cape ANN Savings Bank’s holdings in Expeditors International of Washington were worth $427,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. HighTower Advisors LLC increased its stake in Expeditors International of Washington by 5.6% in the 3rd quarter. HighTower Advisors LLC now owns 44,186 shares of the transportation company’s stock worth $5,060,000 after buying an additional 2,347 shares during the period. Aviva PLC grew its stake in Expeditors International of Washington by 4.4% in the 3rd quarter. Aviva PLC now owns 84,178 shares of the transportation company’s stock worth $9,649,000 after acquiring an additional 3,541 shares in the last quarter. Kestra Advisory Services LLC grew its stake in Expeditors International of Washington by 41.0% in the 3rd quarter. Kestra Advisory Services LLC now owns 6,999 shares of the transportation company’s stock worth $802,000 after acquiring an additional 2,035 shares in the last quarter. Prudential PLC increased its position in shares of Expeditors International of Washington by 10.1% during the third quarter. Prudential PLC now owns 48,848 shares of the transportation company’s stock worth $5,599,000 after acquiring an additional 4,463 shares during the period. Finally, Wealthsource Partners LLC raised its stake in shares of Expeditors International of Washington by 4.6% during the third quarter. Wealthsource Partners LLC now owns 2,861 shares of the transportation company’s stock valued at $328,000 after acquiring an additional 125 shares in the last quarter. 94.02% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

EXPD has been the topic of several research reports. 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 report on Tuesday, May 14th. Susquehanna upped their target price on Expeditors International of Washington from $112.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday, May 8th. TD Cowen increased their target price on Expeditors International of Washington from $111.00 to $112.00 and gave the company a “hold” rating in a research report on Wednesday, May 8th. JPMorgan Chase & Co. boosted their price target on Expeditors International of Washington from $106.00 to $107.00 and gave the stock an “underweight” rating in a research report on Tuesday, April 9th. Finally, Stifel Nicolaus raised their price objective on Expeditors International of Washington from $112.00 to $114.00 and gave the company a “hold” rating in a research report on Thursday, May 23rd. Two research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $111.88.

Insiders Place Their Bets

In related news, Director Mark A. Emmert sold 8,100 shares of the company’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $123.67, for a total value of $1,001,727.00. Following the transaction, the director now directly owns 14,085 shares of the company’s stock, valued at approximately $1,741,891.95. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Expeditors International of Washington news, insider Blake R. Bell sold 4,100 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $116.99, for a total transaction of $479,659.00. Following the completion of the transaction, the insider now directly owns 52,745 shares of the company’s stock, valued at approximately $6,170,637.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mark A. Emmert sold 8,100 shares of the company’s stock in a transaction on 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 sale, 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. 0.75% of the stock is owned by insiders.

Expeditors International of Washington Stock Up 0.3 %

Shares of Expeditors International of Washington stock traded up $0.35 during trading on Monday, reaching $123.74. The company’s stock had a trading volume of 1,064,210 shares, compared to its average volume of 1,262,574. The company has a market cap of $17.48 billion, a price-to-earnings ratio of 26.24, a P/E/G ratio of 5.75 and a beta of 0.99. Expeditors International of Washington, Inc. has a 1-year low of $107.03 and a 1-year high of $131.17. The company has a 50-day simple moving average of $118.06 and a two-hundred day simple moving average of $121.54.

Expeditors International of Washington (NASDAQ:EXPD) last announced its earnings results on Tuesday, May 7th. The transportation company reported $1.17 earnings per share (EPS) 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 company had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.22 billion. During the same period in the prior year, the company posted $1.45 EPS. The firm’s quarterly revenue was down 14.9% compared to the same quarter last year. As a group, analysts anticipate 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 announced a semi-annual dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be paid a $0.73 dividend. The ex-dividend date of this dividend is Monday, June 3rd. This is a boost from Expeditors International of Washington’s previous semi-annual dividend of $0.69. This represents a yield of 1.2%. Expeditors International of Washington’s dividend payout ratio (DPR) is 30.93%.

About Expeditors International of Washington

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.