Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Purchased by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 10.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 218,349 shares of the transportation company’s stock after purchasing an additional 20,981 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Expeditors International of Washington were worth $26,545,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Capital Analysts LLC lifted its holdings in Expeditors International of Washington by 0.6% during the 4th quarter. Capital Analysts LLC now owns 14,137 shares of the transportation company’s stock worth $1,798,000 after buying an additional 80 shares in the last quarter. Wealthsource Partners LLC grew its stake in Expeditors International of Washington by 3.3% during the 4th quarter. Wealthsource Partners LLC now owns 2,956 shares of the transportation company’s stock worth $376,000 after purchasing an additional 95 shares in the last quarter. Cape ANN Savings Bank increased its holdings in Expeditors International of Washington by 2.9% during the 4th quarter. Cape ANN Savings Bank now owns 3,379 shares of the transportation company’s stock worth $427,000 after purchasing an additional 95 shares during the period. SkyOak Wealth LLC raised its position in Expeditors International of Washington by 3.9% in the 1st quarter. SkyOak Wealth LLC now owns 2,529 shares of the transportation company’s stock valued at $307,000 after purchasing an additional 95 shares in the last quarter. Finally, Global Retirement Partners LLC boosted its stake in shares of Expeditors International of Washington by 12.2% in the 4th quarter. Global Retirement Partners LLC now owns 963 shares of the transportation company’s stock valued at $123,000 after buying an additional 105 shares during the period. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Price Performance

Shares of EXPD stock traded down $0.52 during trading hours on Thursday, hitting $120.29. The stock had a trading volume of 1,242,356 shares, compared to its average volume of 1,305,394. The firm has a market capitalization of $16.99 billion, a PE ratio of 25.61, a PEG ratio of 5.58 and a beta of 0.98. Expeditors International of Washington, Inc. has a twelve month low of $107.03 and a twelve month high of $131.17. The stock’s 50 day moving average is $121.73 and its 200 day moving average is $121.42.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings data 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. The company had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.22 billion. Expeditors International of Washington had a net margin of 7.81% and a return on equity of 28.89%. Expeditors International of Washington’s revenue was down 14.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.45 EPS. As a group, equities analysts predict that Expeditors International of Washington, Inc. will post 4.97 earnings per share for the current year.

Expeditors International of Washington Increases Dividend

The firm 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. The ex-dividend date of this dividend was Monday, June 3rd. This represents a yield of 1.2%. This is an increase from Expeditors International of Washington’s previous semi-annual dividend of $0.69. Expeditors International of Washington’s dividend payout ratio (DPR) is 30.93%.

Analysts Set New Price Targets

EXPD has been the topic of several analyst reports. Stifel Nicolaus raised their target price on shares of Expeditors International of Washington from $112.00 to $114.00 and gave the company a “hold” rating in a report on Thursday, May 23rd. Susquehanna lifted their price objective on shares of Expeditors International of Washington from $112.00 to $120.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 8th. Bank of America boosted their target price on shares of Expeditors International of Washington from $126.00 to $131.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 12th. Robert W. Baird raised their price target on Expeditors International of Washington from $118.00 to $126.00 and gave the company a “neutral” rating in a research note on Wednesday, July 3rd. Finally, TD Cowen upped their price objective on Expeditors International of Washington from $111.00 to $112.00 and gave the stock a “hold” rating in a research report on Wednesday, May 8th. Two analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $113.44.

Insider Transactions at Expeditors International of Washington

In other Expeditors International of Washington news, Director Mark A. Emmert sold 8,100 shares of the stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $123.67, for a total value of $1,001,727.00. Following the completion of the transaction, the director now directly owns 14,085 shares of the company’s stock, valued at $1,741,891.95. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, Director Mark A. Emmert sold 8,100 shares of the stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $123.67, for a total value of $1,001,727.00. Following the sale, the director now directly owns 14,085 shares of the company’s stock, valued at approximately $1,741,891.95. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Blake R. Bell sold 4,100 shares of Expeditors International of Washington stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $116.99, for a total transaction of $479,659.00. Following the transaction, the insider now owns 52,745 shares of the company’s stock, valued at approximately $6,170,637.55. The disclosure for this sale can be found here. Corporate insiders own 0.69% 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.