Impact Partnership Wealth LLC Makes New Investment in Expeditors International of Washington, Inc. $EXPD

Impact Partnership Wealth LLC purchased a new position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the first quarter, HoldingsChannel.com reports. The fund purchased 7,057 shares of the transportation company’s stock, valued at approximately $1,011,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Elyxium Wealth LLC bought a new stake in shares of Expeditors International of Washington during the 4th quarter valued at about $28,000. DV Equities LLC bought a new position in Expeditors International of Washington in the fourth quarter worth about $28,000. Nalls Sherbakoff Group LLC bought a new position in Expeditors International of Washington in the fourth quarter worth about $30,000. Bard Associates Inc. acquired a new position in Expeditors International of Washington in the fourth quarter valued at approximately $32,000. Finally, Community Bank N.A. acquired a new position in Expeditors International of Washington in the third quarter valued at approximately $34,000. 94.02% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. UBS Group upped their target price on Expeditors International of Washington from $166.00 to $175.00 and gave the company a “buy” rating in a report on Friday, May 8th. Zacks Research upgraded Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Susquehanna upped their price objective on Expeditors International of Washington from $142.00 to $156.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Wolfe Research raised Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. Finally, Barclays raised their target price on Expeditors International of Washington from $135.00 to $150.00 and gave the company an “underweight” rating in a research note on Thursday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have given a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $140.44.

Expeditors International of Washington Trading Up 0.6%

NASDAQ EXPD opened at $162.86 on Wednesday. Expeditors International of Washington, Inc. has a 52 week low of $110.48 and a 52 week high of $168.52. The stock has a market cap of $21.30 billion, a price-to-earnings ratio of 28.47, a price-to-earnings-growth ratio of 5.00 and a beta of 1.05. The company has a 50-day moving average price of $157.59 and a two-hundred day moving average price of $153.27.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings results on Tuesday, May 5th. The transportation company reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.38. Expeditors International of Washington had a return on equity of 36.16% and a net margin of 7.64%.The business’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.47 EPS. As a group, equities research analysts expect that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current fiscal year.

Expeditors International of Washington Dividend Announcement

The firm also recently announced a dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were given a $0.81 dividend. This represents a yield of 101.0%. The ex-dividend date was Monday, June 1st. Expeditors International of Washington’s dividend payout ratio (DPR) is currently 26.21%.

Expeditors International of Washington Company Profile

Expeditors International of Washington is a global logistics and freight forwarding company headquartered in Seattle, Washington. The firm specializes in providing tailored supply chain solutions that encompass air, ocean and ground transportation. Through an integrated service model, Expeditors coordinates and manages the movement of goods for a diverse customer base, including manufacturers, retailers and technology companies.

The company’s core offerings include customs brokerage, cargo insurance, distribution and warehousing services, as well as vendor consolidation and inventory management.