Wendell David Associates Inc. Decreases Stock Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Wendell David Associates Inc. decreased its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 8.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,015 shares of the transportation company’s stock after selling 1,200 shares during the quarter. Wendell David Associates Inc.’s holdings in Expeditors International of Washington were worth $1,442,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in EXPD. Janney Montgomery Scott LLC acquired a new position in Expeditors International of Washington in the fourth quarter valued at approximately $11,219,000. SG Americas Securities LLC lifted its stake in shares of Expeditors International of Washington by 406.3% in the 4th quarter. SG Americas Securities LLC now owns 35,024 shares of the transportation company’s stock valued at $3,880,000 after purchasing an additional 28,107 shares during the last quarter. Eads & Heald Wealth Management lifted its stake in shares of Expeditors International of Washington by 1.7% in the 4th quarter. Eads & Heald Wealth Management now owns 19,039 shares of the transportation company’s stock valued at $2,109,000 after purchasing an additional 320 shares during the last quarter. Simon Quick Advisors LLC increased its position in shares of Expeditors International of Washington by 10.3% during the 4th quarter. Simon Quick Advisors LLC now owns 2,060 shares of the transportation company’s stock worth $228,000 after purchasing an additional 193 shares during the last quarter. Finally, Beaumont Financial Advisors LLC purchased a new stake in Expeditors International of Washington in the 4th quarter valued at about $342,000. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on EXPD shares. Barclays lifted their price target on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a research report on Wednesday, November 6th. Wolfe Research lowered Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 9th. TD Cowen raised their price target on Expeditors International of Washington from $106.00 to $108.00 and gave the stock a “sell” rating in a research report on Wednesday, November 6th. Finally, Bank of America dropped their price objective on Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Four analysts have rated the stock with a sell rating and seven have given a hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $117.11.

Expeditors International of Washington Trading Down 0.3 %

NASDAQ:EXPD opened at $112.39 on Thursday. Expeditors International of Washington, Inc. has a 12-month low of $108.36 and a 12-month high of $131.59. The firm has a market cap of $15.73 billion, a PE ratio of 21.98, a price-to-earnings-growth ratio of 3.82 and a beta of 0.99. The stock has a fifty day moving average price of $115.61 and a 200 day moving average price of $119.71.

Expeditors International of Washington (NASDAQ:EXPD) last issued its earnings results on Tuesday, November 5th. The transportation company reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.30. Expeditors International of Washington had a net margin of 7.39% and a return on equity of 32.12%. The firm had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.47 billion. During the same quarter in the previous year, the firm posted $1.16 earnings per share. The company’s revenue was up 37.0% compared to the same quarter last year. Equities analysts forecast that Expeditors International of Washington, Inc. will post 5.47 EPS for the current year.

Expeditors International of Washington Announces Dividend

The business also recently declared a semi-annual dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given a $0.73 dividend. The ex-dividend date was Monday, December 2nd. This represents a yield of 1.2%. Expeditors International of Washington’s dividend payout ratio (DPR) is presently 28.46%.

Insider Transactions at Expeditors International of Washington

In other news, Director Robert Paul Carlile sold 3,000 shares of the company’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $121.11, for a total value of $363,330.00. Following the completion of the sale, the director now directly owns 9,662 shares of the company’s stock, valued at approximately $1,170,164.82. This represents a 23.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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.