Allstate Corp Has $1.43 Million Stock Position in Expeditors International of Washington, Inc. $EXPD

Allstate Corp lifted its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 152.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,611 shares of the transportation company’s stock after buying an additional 5,806 shares during the period. Allstate Corp’s holdings in Expeditors International of Washington were worth $1,432,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in EXPD. Elyxium Wealth LLC bought a new position in Expeditors International of Washington during the 4th quarter worth about $28,000. Community Bank N.A. acquired a new stake in Expeditors International of Washington in the 3rd quarter valued at about $34,000. Geneos Wealth Management Inc. lifted its stake in Expeditors International of Washington by 132.3% in the 4th quarter. Geneos Wealth Management Inc. now owns 230 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 131 shares during the last quarter. Oakworth Capital Inc. lifted its stake in Expeditors International of Washington by 1,723.1% in the 4th quarter. Oakworth Capital Inc. now owns 237 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 224 shares during the last quarter. Finally, eCIO Inc. acquired a new stake in Expeditors International of Washington in the 4th quarter valued at about $37,000. Institutional investors own 94.02% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on EXPD shares. UBS Group raised their price objective on shares of Expeditors International of Washington from $166.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Truist Financial cut their price objective on shares of Expeditors International of Washington from $160.00 to $140.00 and set a “hold” rating for the company in a research report on Wednesday, February 25th. Susquehanna raised their target price on shares of Expeditors International of Washington from $142.00 to $156.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Zacks Research raised shares of Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Finally, Wolfe Research raised shares of Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, five have issued a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $137.30.

Expeditors International of Washington Trading Down 0.3%

Shares of NASDAQ EXPD opened at $158.44 on Friday. Expeditors International of Washington, Inc. has a 1-year low of $109.90 and a 1-year high of $167.19. The firm has a market capitalization of $20.72 billion, a P/E ratio of 27.70, a P/E/G ratio of 5.00 and a beta of 1.04. The firm’s 50-day moving average price is $149.77 and its 200-day moving average price is $150.50.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings data on Tuesday, May 5th. The transportation company reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.38. Expeditors International of Washington had a net margin of 7.64% and a return on equity of 36.16%. During the same period in the prior year, the business posted $1.47 earnings per share. The firm’s revenue was up 4.4% on a year-over-year basis. Equities research analysts forecast that Expeditors International of Washington, Inc. will post 5.39 EPS for the current year.

Expeditors International of Washington Announces Dividend

The business also recently announced a dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be given a dividend of $0.81 per share. This represents a dividend yield of 106.0%. The ex-dividend date of this dividend is Monday, June 1st. Expeditors International of Washington’s dividend payout ratio is currently 26.21%.

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.