Allstate Corp Buys Shares of 3,805 Expeditors International of Washington, Inc. $EXPD

Allstate Corp bought a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 3,805 shares of the transportation company’s stock, valued at approximately $466,000.

Other hedge funds have also made changes to their positions in the company. Vermillion & White Wealth Management Group LLC grew its position in Expeditors International of Washington by 82.3% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 268 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 121 shares in the last quarter. Atlantic Union Bankshares Corp acquired a new stake in shares of Expeditors International of Washington during the 2nd quarter valued at $34,000. CYBER HORNET ETFs LLC purchased a new position in shares of Expeditors International of Washington during the 2nd quarter valued at $43,000. Bartlett & CO. Wealth Management LLC acquired a new position in shares of Expeditors International of Washington in the third quarter worth $43,000. Finally, Addison Advisors LLC increased its stake in shares of Expeditors International of Washington by 79.1% in the second quarter. Addison Advisors LLC now owns 385 shares of the transportation company’s stock worth $44,000 after acquiring an additional 170 shares during the last quarter. 94.02% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Expeditors International of Washington

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

Expeditors International of Washington Stock Down 1.0%

NASDAQ:EXPD opened at $159.27 on Friday. The company’s 50 day moving average is $151.95 and its 200-day moving average is $131.74. Expeditors International of Washington, Inc. has a 12 month low of $100.47 and a 12 month high of $164.48. The firm has a market cap of $21.35 billion, a price-to-earnings ratio of 27.84, a P/E/G ratio of 5.00 and a beta of 1.14.

Expeditors International of Washington Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research analysts have commented on EXPD shares. TD Cowen boosted their target price on Expeditors International of Washington from $111.00 to $131.00 and gave the company a “sell” rating in a research note on Wednesday, November 5th. Stifel Nicolaus boosted their price target on Expeditors International of Washington from $130.00 to $136.00 and gave the company a “hold” rating in a research note on Tuesday, December 16th. UBS Group raised shares of Expeditors International of Washington from a “neutral” rating to a “buy” rating and raised their price objective for the company from $138.00 to $166.00 in a research report on Monday, November 17th. Truist Financial lifted their target price on shares of Expeditors International of Washington from $130.00 to $160.00 and gave the company a “hold” rating in a research note on Thursday, January 15th. Finally, Zacks Research lowered shares of Expeditors International of Washington from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 14th. Two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $134.10.

About Expeditors International of Washington

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.