Expeditors International of Washington, Inc. $EXPD Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 3.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 679,203 shares of the transportation company’s stock after selling 26,712 shares during the quarter. Bank of New York Mellon Corp’s holdings in Expeditors International of Washington were worth $97,282,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Elyxium Wealth LLC bought a new position in Expeditors International of Washington during the 4th quarter valued at $28,000. DV Equities LLC bought a new stake in shares of Expeditors International of Washington in the 4th quarter worth about $28,000. Nalls Sherbakoff Group LLC acquired a new stake in shares of Expeditors International of Washington in the 4th quarter valued at about $30,000. Bard Associates Inc. acquired a new stake in shares of Expeditors International of Washington in the 4th quarter valued at about $32,000. Finally, Geneos Wealth Management Inc. lifted its position in shares of Expeditors International of Washington by 132.3% during the fourth quarter. Geneos Wealth Management Inc. now owns 230 shares of the transportation company’s stock worth $34,000 after purchasing an additional 131 shares during the last quarter. 94.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on EXPD. Truist Financial upped their price target on Expeditors International of Washington from $145.00 to $175.00 and gave the company a “hold” rating in a research report on Wednesday, July 15th. 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. Barclays raised their price target on shares of Expeditors International of Washington from $135.00 to $150.00 and gave the stock an “underweight” rating in a research report on Thursday, June 25th. Stephens raised shares of Expeditors International of Washington to a “strong-buy” rating in a report on Wednesday, July 8th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Expeditors International of Washington from $135.00 to $139.00 and gave the company an “underweight” rating in a research report on Wednesday, May 6th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, five have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $148.56.

Expeditors International of Washington Trading Down 3.1%

Expeditors International of Washington stock opened at $177.12 on Tuesday. Expeditors International of Washington, Inc. has a 52 week low of $110.48 and a 52 week high of $183.52. The stock has a market cap of $23.17 billion, a price-to-earnings ratio of 30.97, a PEG ratio of 5.00 and a beta of 1.04. The company’s 50-day moving average price is $163.70 and its two-hundred day moving average price is $155.32.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings results on Tuesday, May 5th. The transportation company reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.38. Expeditors International of Washington had a return on equity of 36.16% and a net margin of 7.64%.The company’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.47 EPS. 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 company also recently disclosed a dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were paid a dividend of $0.81 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a yield of 101.0%. 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.