Congress Wealth Management LLC DE Invests $207,000 in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Congress Wealth Management LLC DE acquired a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPDFree Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 1,631 shares of the transportation company’s stock, valued at approximately $207,000.

Several other hedge funds have also added to or reduced their stakes in the business. Capital Analysts LLC grew its stake in Expeditors International of Washington by 0.6% in the fourth quarter. Capital Analysts LLC now owns 14,137 shares of the transportation company’s stock valued at $1,798,000 after acquiring an additional 80 shares during the period. IMPACTfolio LLC increased its stake in Expeditors International of Washington by 4.4% during the 4th quarter. IMPACTfolio LLC now owns 1,949 shares of the transportation company’s stock worth $248,000 after purchasing an additional 82 shares in the last quarter. Wealthsource Partners LLC raised its holdings in Expeditors International of Washington by 3.3% during the 4th quarter. Wealthsource Partners LLC now owns 2,956 shares of the transportation company’s stock worth $376,000 after buying an additional 95 shares during the period. Soltis Investment Advisors LLC lifted its stake in Expeditors International of Washington by 4.6% in the third quarter. Soltis Investment Advisors LLC now owns 2,247 shares of the transportation company’s stock valued at $258,000 after buying an additional 99 shares in the last quarter. Finally, Global Retirement Partners LLC boosted its holdings in shares of Expeditors International of Washington by 12.2% in the fourth quarter. Global Retirement Partners LLC now owns 963 shares of the transportation company’s stock valued at $123,000 after buying an additional 105 shares during the period. Institutional investors and hedge funds own 94.02% of the company’s stock.

Wall Street Analysts Forecast Growth

EXPD has been the topic of several research reports. BNP Paribas raised shares of Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $112.00 price objective on the stock in a research report on Tuesday, May 14th. JPMorgan Chase & Co. upped their price objective on Expeditors International of Washington from $106.00 to $107.00 and gave the stock an “underweight” rating in a research report on Tuesday, April 9th. Wolfe Research upgraded Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a report on Tuesday. TD Cowen boosted their target price on Expeditors International of Washington from $111.00 to $112.00 and gave the company a “hold” rating in a research note on Wednesday, May 8th. Finally, Susquehanna raised their price target on shares of Expeditors International of Washington from $112.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 8th. Two analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. Based on data from MarketBeat, Expeditors International of Washington presently has an average rating of “Hold” and an average price target of $111.25.

Get Our Latest Analysis on Expeditors International of Washington

Expeditors International of Washington Stock Performance

Shares of NASDAQ EXPD opened at $117.80 on Thursday. The stock has a market capitalization of $16.64 billion, a PE ratio of 25.23, a price-to-earnings-growth ratio of 6.50 and a beta of 1.00. Expeditors International of Washington, Inc. has a 52 week low of $107.03 and a 52 week high of $131.17. The stock has a 50 day moving average price of $117.04 and a 200 day moving average price of $121.03.

Expeditors International of Washington (NASDAQ:EXPDGet Free Report) last released its quarterly earnings data on Tuesday, May 7th. The transportation company reported $1.17 EPS for the quarter, beating the consensus estimate of $1.10 by $0.07. The company had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.22 billion. Expeditors International of Washington had a return on equity of 28.89% and a net margin of 7.81%. The firm’s revenue for the quarter was down 14.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.45 EPS. As a group, research analysts forecast that Expeditors International of Washington, Inc. will post 4.84 EPS for the current year.

Expeditors International of Washington Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be issued a $0.73 dividend. This is an increase from Expeditors International of Washington’s previous semi-annual dividend of $0.69. This represents a dividend yield of 1.2%. The ex-dividend date of this dividend is Monday, June 3rd. Expeditors International of Washington’s payout ratio is currently 29.24%.

Insider Activity

In other Expeditors International of Washington news, insider Blake R. Bell sold 4,100 shares of the stock in a transaction dated Wednesday, May 8th. The shares were 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 of the company’s stock, valued at approximately $6,170,637.55. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, VP Jeffrey F. Dickerman sold 2,000 shares of the business’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $122.63, for a total value of $245,260.00. Following the completion of the sale, the vice president now owns 5,728 shares of the company’s stock, valued at $702,424.64. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Blake R. Bell sold 4,100 shares of the stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $116.99, for a total transaction of $479,659.00. Following the transaction, the insider now owns 52,745 shares in the company, 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.

About Expeditors International of Washington

(Free Report)

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.

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Institutional Ownership by Quarter for Expeditors International of Washington (NASDAQ:EXPD)

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