Boomfish Wealth Group LLC Raises Stock Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Boomfish Wealth Group LLC raised its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 4.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 18,846 shares of the transportation company’s stock after purchasing an additional 794 shares during the quarter. Boomfish Wealth Group LLC’s holdings in Expeditors International of Washington were worth $2,088,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. grew its position in Expeditors International of Washington by 1.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,853 shares of the transportation company’s stock valued at $730,000 after buying an additional 104 shares during the period. OLD National Bancorp IN grew its position in shares of Expeditors International of Washington by 5.3% during the 4th quarter. OLD National Bancorp IN now owns 2,234 shares of the transportation company’s stock valued at $247,000 after acquiring an additional 113 shares during the period. Lindenwold Advisors INC increased its stake in shares of Expeditors International of Washington by 0.7% in the 3rd quarter. Lindenwold Advisors INC now owns 16,713 shares of the transportation company’s stock valued at $2,196,000 after purchasing an additional 114 shares in the last quarter. Guardian Wealth Advisors LLC increased its stake in shares of Expeditors International of Washington by 5.9% in the 3rd quarter. Guardian Wealth Advisors LLC now owns 2,050 shares of the transportation company’s stock valued at $269,000 after purchasing an additional 115 shares in the last quarter. Finally, Huntington National Bank raised its holdings in Expeditors International of Washington by 7.4% in the 3rd quarter. Huntington National Bank now owns 1,835 shares of the transportation company’s stock worth $241,000 after purchasing an additional 127 shares during the period. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Insider Buying and Selling at Expeditors International of Washington

In other Expeditors International of Washington news, Director Robert Paul Carlile sold 3,000 shares of the company’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $121.11, for a total transaction of $363,330.00. Following the transaction, the director now directly owns 9,662 shares in the company, valued at $1,170,164.82. This represents a 23.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.69% of the company’s stock.

Expeditors International of Washington Stock Performance

EXPD stock opened at $113.76 on Friday. The firm has a market cap of $15.92 billion, a PE ratio of 22.28, a PEG ratio of 3.89 and a beta of 0.99. Expeditors International of Washington, Inc. has a one year low of $108.36 and a one year high of $131.59. The firm’s 50 day moving average price is $114.93 and its 200-day moving average price is $119.45.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings results on Tuesday, November 5th. The transportation company reported $1.63 EPS for the quarter, beating the consensus estimate of $1.33 by $0.30. The business had revenue of $3 billion for the quarter, compared to analyst estimates of $2.47 billion. Expeditors International of Washington had a return on equity of 32.12% and a net margin of 7.39%. The company’s quarterly revenue was up 37.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.16 EPS. Equities research analysts predict that Expeditors International of Washington, Inc. will post 5.47 EPS for the current fiscal year.

Expeditors International of Washington Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts have commented on EXPD shares. Barclays raised their price objective on Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. StockNews.com upgraded shares of Expeditors International of Washington from a “hold” rating to a “buy” rating in a research report on Tuesday. Bank of America dropped their target price 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. Wolfe Research cut Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 9th. Finally, Stifel Nicolaus decreased their price objective on 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. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $117.44.

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.