First Horizon Advisors Inc. Sells 319 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

First Horizon Advisors Inc. trimmed its position in Expeditors International of Washington, Inc. (NASDAQ:EXPDGet Rating) by 51.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 298 shares of the transportation company’s stock after selling 319 shares during the period. First Horizon Advisors Inc.’s holdings in Expeditors International of Washington were worth $40,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. IFP Advisors Inc boosted its position in shares of Expeditors International of Washington by 26.7% in the 4th quarter. IFP Advisors Inc now owns 399 shares of the transportation company’s stock worth $55,000 after purchasing an additional 84 shares during the last quarter. Farmers & Merchants Investments Inc. boosted its position in shares of Expeditors International of Washington by 0.3% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 34,663 shares of the transportation company’s stock worth $4,655,000 after purchasing an additional 98 shares during the last quarter. Greenleaf Trust boosted its position in shares of Expeditors International of Washington by 1.6% in the 3rd quarter. Greenleaf Trust now owns 6,187 shares of the transportation company’s stock worth $737,000 after purchasing an additional 99 shares during the last quarter. Empirical Finance LLC boosted its position in shares of Expeditors International of Washington by 6.1% in the 3rd quarter. Empirical Finance LLC now owns 2,149 shares of the transportation company’s stock worth $256,000 after purchasing an additional 124 shares during the last quarter. Finally, Veritable L.P. boosted its position in shares of Expeditors International of Washington by 5.8% in the 3rd quarter. Veritable L.P. now owns 2,267 shares of the transportation company’s stock worth $270,000 after purchasing an additional 125 shares during the last quarter. Hedge funds and other institutional investors own 92.14% of the company’s stock.

Shares of NASDAQ EXPD opened at $111.59 on Friday. Expeditors International of Washington, Inc. has a twelve month low of $94.95 and a twelve month high of $137.80. The company has a market cap of $18.72 billion, a PE ratio of 12.92 and a beta of 0.85. The business’s 50 day moving average price is $102.22 and its two-hundred day moving average price is $114.39.

Expeditors International of Washington (NASDAQ:EXPDGet Rating) last issued its quarterly earnings data on Tuesday, May 3rd. The transportation company reported $2.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.77 by $0.28. Expeditors International of Washington had a return on equity of 42.58% and a net margin of 8.20%. The company had revenue of $4.66 billion during the quarter, compared to analysts’ expectations of $4.26 billion. During the same quarter in the previous year, the company posted $1.67 earnings per share. The business’s revenue was up 45.8% on a year-over-year basis. Equities analysts forecast that Expeditors International of Washington, Inc. will post 7.63 EPS for the current fiscal year.

The business also recently declared a Semi-Annual dividend, which will be paid on Wednesday, June 15th. Investors of record on Wednesday, June 1st will be paid a $0.67 dividend. This is a boost from Expeditors International of Washington’s previous Semi-Annual dividend of $0.58. This represents a dividend yield of 1.2%. The ex-dividend date of this dividend is Tuesday, May 31st. Expeditors International of Washington’s payout ratio is 13.43%.

Several research analysts have weighed in on EXPD shares. Susquehanna reduced their target price on Expeditors International of Washington from $130.00 to $115.00 and set a “neutral” rating on the stock in a report on Wednesday, February 23rd. Cowen lifted their target price on Expeditors International of Washington from $111.00 to $125.00 in a report on Thursday, May 5th. Barclays lifted their target price on Expeditors International of Washington from $100.00 to $105.00 and gave the stock an “underweight” rating in a report on Friday, January 14th. Cowen lifted their price target on Expeditors International of Washington from $111.00 to $125.00 in a research note on Thursday, May 5th. Finally, Zacks Investment Research downgraded Expeditors International of Washington from a “strong-buy” rating to a “hold” rating and set a $106.00 price target on the stock. in a research note on Tuesday, April 26th. Two investment analysts have rated the stock with a sell rating and nine have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $113.60.

Expeditors International of Washington Company Profile (Get Rating)

Expeditors International of Washington, Inc provides logistics services in the Americas, North Asia, South Asia, Europe, the Middle East, Africa, and India. 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, 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.

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Institutional Ownership by Quarter for Expeditors International of Washington (NASDAQ:EXPD)

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