Expeditors International of Washington, Inc. (NASDAQ:EXPD) Stock Position Increased by Franklin Parlapiano Turner & Welch LLC

Franklin Parlapiano Turner & Welch LLC raised its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 1.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 66,792 shares of the transportation company’s stock after buying an additional 785 shares during the period. Expeditors International of Washington comprises approximately 2.0% of Franklin Parlapiano Turner & Welch LLC’s holdings, making the stock its 17th largest position. Franklin Parlapiano Turner & Welch LLC’s holdings in Expeditors International of Washington were worth $7,398,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of EXPD. Sei Investments Co. raised its holdings in shares of Expeditors International of Washington by 7.8% in the 2nd quarter. Sei Investments Co. now owns 40,193 shares of the transportation company’s stock worth $5,015,000 after purchasing an additional 2,912 shares in the last quarter. Public Sector Pension Investment Board raised its holdings in shares of Expeditors International of Washington by 53.3% in the 2nd quarter. Public Sector Pension Investment Board now owns 5,102 shares of the transportation company’s stock worth $637,000 after purchasing an additional 1,773 shares in the last quarter. Mackenzie Financial Corp raised its holdings in shares of Expeditors International of Washington by 3.9% in the 2nd quarter. Mackenzie Financial Corp now owns 38,649 shares of the transportation company’s stock worth $4,823,000 after purchasing an additional 1,438 shares in the last quarter. Creative Planning raised its holdings in shares of Expeditors International of Washington by 17.5% in the 2nd quarter. Creative Planning now owns 26,793 shares of the transportation company’s stock worth $3,343,000 after purchasing an additional 3,988 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of Expeditors International of Washington by 1.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,853 shares of the transportation company’s stock worth $730,000 after purchasing an additional 104 shares in the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

Analyst Ratings Changes

EXPD has been the topic of a number of research reports. Wolfe Research downgraded shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 9th. Barclays boosted 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 report on Wednesday, November 6th. Stifel Nicolaus cut their price target on shares of Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating on the stock in a report on Thursday, January 23rd. TD Cowen boosted their price target on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a report on Wednesday, November 6th. Finally, Bank of America lowered their price objective on shares of Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, Expeditors International of Washington has a consensus rating of “Hold” and a consensus target price of $117.44.

Expeditors International of Washington Stock Up 0.2 %

EXPD stock opened at $114.39 on Thursday. The company has a market capitalization of $16.01 billion, a price-to-earnings ratio of 22.30, a P/E/G ratio of 3.81 and a beta of 0.99. 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 50 day moving average of $115.07 and a two-hundred day moving average of $119.49.

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

Expeditors International of Washington Announces Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were paid a $0.73 dividend. This represents a dividend yield of 1.2%. The ex-dividend date of this dividend was Monday, December 2nd. Expeditors International of Washington’s dividend payout ratio is 28.46%.

Insider Activity

In related news, Director Robert Paul Carlile sold 3,000 shares of the stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $121.11, for a total transaction of $363,330.00. Following the completion of the sale, the director now owns 9,662 shares in the company, valued at $1,170,164.82. This trade represents a 23.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.69% of the company’s stock.

Expeditors International of Washington Company Profile

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.