Burns Matteson Capital Management LLC Acquires New Shares in Expeditors International of Washington, Inc. $EXPD

Burns Matteson Capital Management LLC bought a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,617 shares of the transportation company’s stock, valued at approximately $443,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ameriprise Financial Inc. increased its holdings in shares of Expeditors International of Washington by 1.8% during the 1st quarter. Ameriprise Financial Inc. now owns 298,837 shares of the transportation company’s stock valued at $35,935,000 after acquiring an additional 5,358 shares during the last quarter. Compound Planning Inc. acquired a new position in Expeditors International of Washington during the first quarter valued at approximately $236,000. Comerica Bank raised its position in shares of Expeditors International of Washington by 17.6% in the first quarter. Comerica Bank now owns 40,081 shares of the transportation company’s stock valued at $4,820,000 after purchasing an additional 5,992 shares during the period. B. Metzler seel. Sohn & Co. AG lifted its stake in shares of Expeditors International of Washington by 3.5% in the first quarter. B. Metzler seel. Sohn & Co. AG now owns 9,049 shares of the transportation company’s stock worth $1,088,000 after buying an additional 309 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Expeditors International of Washington by 12.4% during the 1st quarter. BNP Paribas Financial Markets now owns 364,383 shares of the transportation company’s stock worth $43,817,000 after buying an additional 40,236 shares during the period. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Trading Up 0.5%

Shares of EXPD stock opened at $152.30 on Friday. Expeditors International of Washington, Inc. has a 12 month low of $100.47 and a 12 month high of $155.04. The company has a market capitalization of $20.41 billion, a P/E ratio of 26.63, a P/E/G ratio of 5.00 and a beta of 1.15. The stock has a 50 day moving average of $140.14 and a two-hundred day moving average of $125.83.

Expeditors International of Washington Announces Dividend

The firm also recently disclosed a dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were paid a $0.77 dividend. The ex-dividend date was Monday, December 1st. This represents a dividend yield of 105.0%. Expeditors International of Washington’s dividend payout ratio is currently 25.12%.

Wall Street Analyst Weigh In

EXPD has been the subject of a number of research analyst reports. Zacks Research raised shares of Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 11th. Truist Financial boosted their price objective on Expeditors International of Washington from $120.00 to $130.00 and gave the stock a “hold” rating in a research report on Wednesday, November 5th. Barclays increased their target price on Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a research note on Thursday, September 11th. JPMorgan Chase & Co. upped their price target on Expeditors International of Washington from $116.00 to $134.00 and gave the stock an “underweight” rating in a report on Wednesday, November 5th. Finally, Stifel Nicolaus increased their price objective on Expeditors International of Washington from $130.00 to $136.00 and gave the company a “hold” rating in a research report on Tuesday, December 16th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, seven have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $128.80.

Insider Transactions at Expeditors International of Washington

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $134.17, for a total transaction of $201,255.00. Following the completion of the transaction, the vice president owned 6,151 shares in the company, valued at $825,279.67. This trade represents a 19.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Mark A. Emmert sold 5,400 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $135.25, for a total value of $730,350.00. Following the completion of the sale, the director owned 6,468 shares in the company, valued at approximately $874,797. This represents a 45.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.69% of the stock is currently owned by company insiders.

Expeditors International of Washington Profile

Expeditors International of Washington is a global logistics and freight forwarding company headquartered in Seattle, Washington. The firm specializes in providing tailored supply chain solutions that encompass air, ocean and ground transportation. Through an integrated service model, Expeditors coordinates and manages the movement of goods for a diverse customer base, including manufacturers, retailers and technology companies.

The company’s core offerings include customs brokerage, cargo insurance, distribution and warehousing services, as well as vendor consolidation and inventory management.