California State Teachers Retirement System Sells 82 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

California State Teachers Retirement System lowered its position in Expeditors International of Washington, Inc. (NASDAQ:EXPDFree Report) by 0.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 263,560 shares of the transportation company’s stock after selling 82 shares during the period. California State Teachers Retirement System owned 0.18% of Expeditors International of Washington worth $33,525,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Capital Analysts LLC increased its position in Expeditors International of Washington by 0.6% during the 4th quarter. Capital Analysts LLC now owns 14,137 shares of the transportation company’s stock valued at $1,798,000 after buying an additional 80 shares in the last quarter. IMPACTfolio LLC increased its position 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 valued at $248,000 after buying an additional 82 shares in the last quarter. Wealthsource Partners LLC increased its position 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 valued at $376,000 after buying an additional 95 shares in the last quarter. Soltis Investment Advisors LLC increased its position in Expeditors International of Washington by 4.6% during the 3rd 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 increased its position in Expeditors International of Washington by 12.2% during the 4th 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 in the last quarter. Institutional investors own 94.02% of the company’s stock.

Insider Activity

In other news, insider Blake R. Bell sold 4,100 shares of the business’s stock in a transaction dated Wednesday, May 8th. The stock was 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 in the company, valued at $6,170,637.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 stock was sold at an average price of $122.63, for a total value of $245,260.00. Following the transaction, the vice president now directly owns 5,728 shares in the company, valued at $702,424.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Blake R. Bell sold 4,100 shares of the business’s 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 completion of the transaction, the insider now owns 52,745 shares in the company, valued at $6,170,637.55. The disclosure for this sale can be found here. Company insiders own 0.75% of the company’s stock.

Expeditors International of Washington Stock Performance

NASDAQ EXPD opened at $122.32 on Wednesday. The company has a market capitalization of $17.28 billion, a PE ratio of 25.92, a price-to-earnings-growth ratio of 6.58 and a beta of 0.99. The business’s fifty day moving average is $117.07 and its 200 day moving average is $121.16. Expeditors International of Washington, Inc. has a fifty-two week low of $107.03 and a fifty-two week high of $131.17.

Expeditors International of Washington (NASDAQ:EXPDGet Free Report) last released its earnings results on Tuesday, May 7th. The transportation company reported $1.17 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.07. The company had revenue of $2.21 billion for 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%. Expeditors International of Washington’s quarterly revenue was down 14.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.45 earnings per share. On average, sell-side analysts forecast that Expeditors International of Washington, Inc. will post 4.88 EPS for the current year.

Expeditors International of Washington Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be given a $0.73 dividend. This represents a dividend yield of 1.2%. This is an increase from Expeditors International of Washington’s previous semi-annual dividend of $0.69. The ex-dividend date is Monday, June 3rd. Expeditors International of Washington’s payout ratio is presently 30.93%.

Analysts Set New Price Targets

EXPD has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lifted their target price on Expeditors International of Washington from $106.00 to $107.00 and gave the stock an “underweight” rating in a report on Tuesday, April 9th. Wolfe Research upgraded Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, May 28th. TD Cowen raised their price target on Expeditors International of Washington from $111.00 to $112.00 and gave the stock a “hold” rating in a research note on Wednesday, May 8th. Bank of America initiated coverage on Expeditors International of Washington in a research note on Friday, March 15th. They issued a “neutral” rating and a $126.00 price target on the stock. Finally, BNP Paribas upgraded Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $112.00 price target on the stock in a research note on Tuesday, May 14th. Two equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $111.25.

Check Out Our Latest Report on Expeditors International of Washington

Expeditors International of Washington Profile

(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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