Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Purchased by Kathmere Capital Management LLC

Kathmere Capital Management LLC raised its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 22.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,792 shares of the transportation company’s stock after buying an additional 517 shares during the period. Kathmere Capital Management LLC’s holdings in Expeditors International of Washington were worth $355,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. grew its stake in shares of Expeditors International of Washington by 2.1% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 25,428 shares of the transportation company’s stock worth $3,234,000 after purchasing an additional 535 shares during the last quarter. Blue Trust Inc. increased its position in shares of Expeditors International of Washington by 69.8% in the fourth quarter. Blue Trust Inc. now owns 815 shares of the transportation company’s stock worth $104,000 after acquiring an additional 335 shares in the last quarter. Global Retirement Partners LLC boosted its holdings in shares of Expeditors International of Washington by 12.2% during the fourth quarter. Global Retirement Partners LLC now owns 963 shares of the transportation company’s stock worth $123,000 after purchasing an additional 105 shares during the period. Ballentine Partners LLC acquired a new stake in shares of Expeditors International of Washington during the fourth quarter worth approximately $207,000. Finally, Boston Trust Walden Corp boosted its holdings in shares of Expeditors International of Washington by 3.2% during the fourth quarter. Boston Trust Walden Corp now owns 452,233 shares of the transportation company’s stock worth $57,524,000 after purchasing an additional 13,811 shares during the period. Institutional investors and hedge funds own 94.02% of the company’s stock.

Insider Activity

In other Expeditors International of Washington news, insider Blake R. Bell sold 4,100 shares of the company’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $116.99, for a total value of $479,659.00. Following the transaction, the insider now directly owns 52,745 shares in the company, valued at approximately $6,170,637.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Mark A. Emmert sold 8,100 shares of the business’s stock in a transaction on Friday, June 14th. The stock was 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 owns 14,085 shares in the company, valued at $1,741,891.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Blake R. Bell sold 4,100 shares of the company’s stock in a transaction 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 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. Insiders own 0.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Bank of America lifted their target price on shares of Expeditors International of Washington from $131.00 to $132.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd. UBS Group upgraded shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and lifted their target price for the company from $95.00 to $137.00 in a research note on Thursday. Stifel Nicolaus boosted 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 note on Thursday, May 23rd. TD Cowen boosted their price objective on shares of Expeditors International of Washington from $111.00 to $112.00 and gave the stock a “hold” rating in a research note on Wednesday, May 8th. Finally, Robert W. Baird boosted their target price on shares of Expeditors International of Washington from $118.00 to $126.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 3rd. Two equities research analysts have rated the stock with a sell rating and ten have given a hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $115.90.

Expeditors International of Washington Trading Down 2.6 %

EXPD stock traded down $3.35 during trading hours on Friday, hitting $123.13. 937,711 shares of the stock were exchanged, compared to its average volume of 1,310,090. Expeditors International of Washington, Inc. has a 12 month low of $107.03 and a 12 month high of $131.17. The company has a 50-day simple moving average of $123.17 and a two-hundred day simple moving average of $121.19. The firm has a market capitalization of $17.39 billion, a P/E ratio of 26.09, a P/E/G ratio of 5.39 and a beta of 0.98.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings data on Tuesday, May 7th. The transportation company reported $1.17 EPS for the quarter, topping 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 company had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.22 billion. During the same period in the previous year, the firm earned $1.45 earnings per share. The firm’s quarterly revenue was down 14.9% on a year-over-year basis. On average, equities research analysts predict that Expeditors International of Washington, Inc. will post 4.99 earnings per share for the current year.

Expeditors International of Washington Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were given a $0.73 dividend. The ex-dividend date of this dividend was Monday, June 3rd. This represents a yield of 1.2%. This is a boost from Expeditors International of Washington’s previous semi-annual dividend of $0.69. Expeditors International of Washington’s payout ratio is currently 30.93%.

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.