Chapman Investment Management LLC Sells 6,913 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Chapman Investment Management LLC lessened its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 33.7% in the first quarter, according to its most recent filing with the SEC. The firm owned 13,624 shares of the transportation company’s stock after selling 6,913 shares during the period. Expeditors International of Washington accounts for 1.2% of Chapman Investment Management LLC’s portfolio, making the stock its 22nd largest position. Chapman Investment Management LLC’s holdings in Expeditors International of Washington were worth $1,656,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Optiver Holding B.V. bought a new position in shares of Expeditors International of Washington during the fourth quarter worth $27,000. CVA Family Office LLC acquired a new stake in shares of Expeditors International of Washington during the fourth quarter worth about $35,000. BKM Wealth Management LLC bought a new position in shares of Expeditors International of Washington during the 4th quarter valued at about $37,000. Planned Solutions Inc. acquired a new position in shares of Expeditors International of Washington in the 4th quarter valued at approximately $37,000. Finally, Fortitude Family Office LLC acquired a new stake in Expeditors International of Washington during the 4th quarter worth approximately $38,000. Institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Stock Performance

Shares of NASDAQ EXPD traded up $2.20 during midday trading on Thursday, reaching $122.77. The company’s stock had a trading volume of 1,180,367 shares, compared to its average volume of 1,283,866. The company has a market cap of $17.34 billion, a P/E ratio of 25.92, a P/E/G ratio of 5.54 and a beta of 0.98. The business’s 50 day moving average price is $121.16 and its two-hundred day moving average price is $121.67. Expeditors International of Washington, Inc. has a fifty-two week low of $107.03 and a fifty-two week high of $131.17.

Expeditors International of Washington (NASDAQ:EXPD) last released its earnings results on Tuesday, May 7th. The transportation company reported $1.17 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.22 billion. During the same period in the prior year, the company posted $1.45 EPS. The company’s revenue was down 14.9% compared to the same quarter last year. Sell-side analysts forecast that Expeditors International of Washington, Inc. will post 4.93 earnings per share for the current fiscal year.

Expeditors International of Washington Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were issued a $0.73 dividend. This is a positive change from Expeditors International of Washington’s previous semi-annual dividend of $0.69. This represents a yield of 1.2%. The ex-dividend date was Monday, June 3rd. Expeditors International of Washington’s dividend payout ratio (DPR) is currently 30.93%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on EXPD. Stifel Nicolaus increased their price objective on shares of Expeditors International of Washington from $112.00 to $114.00 and gave the stock a “hold” rating in a research report on Thursday, May 23rd. BNP Paribas raised Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $112.00 price target for the company in a research report on Tuesday, May 14th. JPMorgan Chase & Co. raised their price target on Expeditors International of Washington from $106.00 to $107.00 and gave the company an “underweight” rating in a research note on Tuesday, April 9th. Robert W. Baird upped their price objective on Expeditors International of Washington from $118.00 to $126.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 3rd. Finally, Susquehanna raised their target price on shares of Expeditors International of Washington from $112.00 to $120.00 and gave the company a “neutral” rating in a research note on Wednesday, May 8th. Two investment analysts have rated the stock with a sell rating and nine have given a hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $113.44.

Insider Buying and Selling at Expeditors International of Washington

In related news, Director Mark A. Emmert sold 8,100 shares of the stock in a transaction that occurred 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 sale, the director now owns 14,085 shares in the company, valued at approximately $1,741,891.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other 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 value of $479,659.00. Following the sale, the insider now directly owns 52,745 shares in the company, valued at approximately $6,170,637.55. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Mark A. Emmert sold 8,100 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $123.67, for a total transaction of $1,001,727.00. Following the transaction, the director now owns 14,085 shares of the company’s stock, valued at $1,741,891.95. The disclosure for this sale can be found here. Insiders own 0.75% of the company’s stock.

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.