Geode Capital Management LLC Trims Position in Expeditors International of Washington, Inc. $EXPD

Geode Capital Management LLC trimmed its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 0.3% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 3,488,126 shares of the transportation company’s stock after selling 11,561 shares during the period. Geode Capital Management LLC’s holdings in Expeditors International of Washington were worth $517,725,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Elyxium Wealth LLC purchased a new stake in shares of Expeditors International of Washington in the fourth quarter valued at about $28,000. Community Bank N.A. purchased a new stake in shares of Expeditors International of Washington in the third quarter valued at about $34,000. Geneos Wealth Management Inc. raised its holdings in shares of Expeditors International of Washington by 132.3% in the fourth quarter. Geneos Wealth Management Inc. now owns 230 shares of the transportation company’s stock valued at $34,000 after buying an additional 131 shares during the last quarter. Oakworth Capital Inc. raised its holdings in shares of Expeditors International of Washington by 1,723.1% in the fourth quarter. Oakworth Capital Inc. now owns 237 shares of the transportation company’s stock valued at $35,000 after buying an additional 224 shares during the last quarter. Finally, eCIO Inc. purchased a new stake in shares of Expeditors International of Washington in the fourth quarter valued at about $37,000. 94.02% of the stock is owned by hedge funds and other institutional investors.

Expeditors International of Washington Stock Up 0.3%

NASDAQ EXPD opened at $158.44 on Monday. The firm has a 50-day moving average price of $149.77 and a 200 day moving average price of $150.57. Expeditors International of Washington, Inc. has a 52-week low of $109.90 and a 52-week high of $167.19. The stock 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.

Expeditors International of Washington (NASDAQ:EXPD) last issued its earnings results on Tuesday, May 5th. The transportation company reported $1.71 earnings per share for the quarter, topping the consensus estimate 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 quarter last year, the company earned $1.47 EPS. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, equities research analysts expect that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current fiscal year.

Expeditors International of Washington Dividend Announcement

The business also recently announced a dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be given a dividend of $0.81 per share. This represents a yield of 102.0%. The ex-dividend date is Monday, June 1st. Expeditors International of Washington’s dividend payout ratio is presently 26.21%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on EXPD. Susquehanna increased their price target 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. UBS Group increased their price target on shares of Expeditors International of Washington from $166.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, May 8th. 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. Truist Financial cut their price target on shares of Expeditors International of Washington from $160.00 to $140.00 and set a “hold” rating for the company in a report on Wednesday, February 25th. Finally, JPMorgan Chase & Co. increased their price target on shares of Expeditors International of Washington from $135.00 to $139.00 and gave the stock an “underweight” rating in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, five have given a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $137.30.

Expeditors International of Washington Company 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.