Burns Matteson Capital Management LLC Acquires Shares of 3,617 Expeditors International of Washington, Inc. $EXPD

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

A number of other hedge funds have also made changes to their positions in the company. Vermillion & White Wealth Management Group LLC boosted its position in Expeditors International of Washington by 82.3% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 268 shares of the transportation company’s stock valued at $31,000 after buying an additional 121 shares in the last quarter. Atlantic Union Bankshares Corp acquired a new position in shares of Expeditors International of Washington in the 2nd quarter worth approximately $34,000. Ransom Advisory Ltd bought a new stake in Expeditors International of Washington during the 1st quarter worth approximately $41,000. Twin Tree Management LP acquired a new stake in Expeditors International of Washington during the 1st quarter valued at $42,000. Finally, Bartlett & CO. Wealth Management LLC bought a new position in Expeditors International of Washington in the 3rd quarter valued at $43,000. Institutional investors and hedge funds own 94.02% of the company’s stock.

Insiders Place Their Bets

In related news, VP Jeffrey F. Dickerman sold 1,500 shares of Expeditors International of Washington stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $134.17, for a total transaction of $201,255.00. Following the completion of the sale, the vice president directly owned 6,151 shares of the company’s stock, valued at $825,279.67. The trade was 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 stock in a transaction dated 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 transaction, the director directly owned 6,468 shares in the company, valued at $874,797. The trade was a 45.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on EXPD. TD Cowen increased their target price on Expeditors International of Washington from $111.00 to $131.00 and gave the stock a “sell” rating in a report on Wednesday, November 5th. Morgan Stanley increased their price objective on shares of Expeditors International of Washington from $90.00 to $95.00 and gave the stock an “underweight” rating in a report on Monday, December 8th. Zacks Research raised shares of Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 11th. UBS Group raised shares of Expeditors International of Washington from a “neutral” rating to a “buy” rating and increased their price target for the company from $138.00 to $166.00 in a research note on Monday, November 17th. Finally, Bank of America raised shares of Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $142.00 price target for the company in a report on Wednesday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, seven have issued a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $128.80.

Expeditors International of Washington Price Performance

Shares of NASDAQ:EXPD opened at $152.30 on Friday. The stock has a market cap of $20.41 billion, a price-to-earnings ratio of 26.63, a P/E/G ratio of 5.00 and a beta of 1.15. The company has a 50 day moving average of $140.14 and a 200-day moving average of $125.83. Expeditors International of Washington, Inc. has a one year low of $100.47 and a one year high of $155.04.

Expeditors International of Washington Announces Dividend

The firm 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 was Monday, December 1st. This represents a dividend yield of 105.0%. Expeditors International of Washington’s payout ratio is presently 25.12%.

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.