Moran Wealth Management LLC Has $7.44 Million Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Moran Wealth Management LLC raised its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 0.5% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 56,628 shares of the transportation company’s stock after acquiring an additional 290 shares during the period. Moran Wealth Management LLC’s holdings in Expeditors International of Washington were worth $7,441,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Crewe Advisors LLC purchased a new position in shares of Expeditors International of Washington during the first quarter valued at approximately $25,000. Hara Capital LLC purchased a new position in shares of Expeditors International of Washington during the third quarter valued at approximately $26,000. Innealta Capital LLC purchased a new position in shares of Expeditors International of Washington during the second quarter valued at approximately $31,000. Family Firm Inc. purchased a new position in shares of Expeditors International of Washington during the second quarter valued at approximately $35,000. Finally, Ashton Thomas Private Wealth LLC purchased a new position in shares of Expeditors International of Washington during the second quarter valued at approximately $52,000. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Price Performance

Shares of EXPD opened at $118.89 on Thursday. Expeditors International of Washington, Inc. has a 1 year low of $111.20 and a 1 year high of $131.59. The firm has a market cap of $16.64 billion, a PE ratio of 23.18, a PEG ratio of 3.45 and a beta of 0.98. The stock’s fifty day moving average price is $121.86 and its two-hundred day moving average price is $121.72.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings data on Tuesday, November 5th. The transportation company reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.30. Expeditors International of Washington had a return on equity of 32.12% and a net margin of 7.39%. The company had revenue of $3 billion for the quarter, compared to analyst estimates of $2.47 billion. During the same period in the previous year, the company posted $1.16 EPS. The firm’s revenue for the quarter was up 37.0% compared to the same quarter last year. Sell-side analysts anticipate that Expeditors International of Washington, Inc. will post 5.37 earnings per share for the current fiscal year.

Expeditors International of Washington Dividend Announcement

The business also recently disclosed a semi-annual dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a dividend of $0.73 per share. The ex-dividend date is Monday, December 2nd. This represents a dividend yield of 1.2%. Expeditors International of Washington’s payout ratio is 28.46%.

Analyst Ratings Changes

Several research analysts recently issued reports on EXPD shares. Benchmark reaffirmed a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, August 7th. Barclays lifted their price target on Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. Wolfe Research lowered Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 9th. UBS Group upgraded Expeditors International of Washington from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $95.00 to $137.00 in a report on Thursday, August 1st. Finally, TD Cowen lifted their price target 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. Four research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $118.44.

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.