ORG Wealth Partners LLC Trims Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

ORG Wealth Partners LLC cut its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 42.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,053 shares of the transportation company’s stock after selling 768 shares during the quarter. ORG Wealth Partners LLC’s holdings in Expeditors International of Washington were worth $117,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Hara Capital LLC purchased a new position in shares of Expeditors International of Washington in the 3rd quarter valued at $26,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Expeditors International of Washington in the 2nd quarter valued at $52,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Expeditors International of Washington in the 3rd quarter valued at $57,000. Maia Wealth LLC purchased a new position in shares of Expeditors International of Washington in the 3rd quarter valued at $59,000. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its holdings in shares of Expeditors International of Washington by 174.4% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 472 shares of the transportation company’s stock valued at $62,000 after acquiring an additional 300 shares during the period. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Robert Paul Carlile sold 3,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 9,662 shares in the company, valued at approximately $1,170,164.82. This represents a 23.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.69% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on EXPD shares. Barclays lifted their price target on Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. TD Cowen raised their price objective on Expeditors International of Washington from $106.00 to $108.00 and gave the stock a “sell” rating in a research report on Wednesday, November 6th. Finally, Wolfe Research cut Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 9th. Four research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $118.44.

Expeditors International of Washington Stock Performance

Shares of EXPD opened at $108.98 on Friday. The stock has a 50-day moving average of $117.20 and a two-hundred day moving average of $120.58. Expeditors International of Washington, Inc. has a one year low of $108.36 and a one year high of $131.59. The stock has a market cap of $15.25 billion, a P/E ratio of 21.24, a P/E/G ratio of 3.36 and a beta of 0.99.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings results on Tuesday, November 5th. The transportation company reported $1.63 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $2.47 billion. During the same quarter in the previous year, the firm posted $1.16 EPS. The firm’s revenue was up 37.0% compared to the same quarter last year. Analysts predict that Expeditors International of Washington, Inc. will post 5.43 EPS for the current fiscal year.

Expeditors International of Washington Announces Dividend

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

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.