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Expeditors International of Washington, Inc. $EXPD Shares Sold by Principal Financial Group Inc.

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Principal Financial Group Inc. reduced its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 7.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,077,186 shares of the transportation company's stock after selling 90,643 shares during the quarter. Principal Financial Group Inc. owned 0.80% of Expeditors International of Washington worth $160,512,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of EXPD. Geneos Wealth Management Inc. increased its holdings in shares of 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 acquiring an additional 131 shares during the last quarter. Oakworth Capital Inc. increased its holdings in shares of 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 acquiring an additional 224 shares during the last quarter. eCIO Inc. purchased a new position in shares of Expeditors International of Washington in the 4th quarter valued at about $37,000. Community Bank N.A. purchased a new position in shares of Expeditors International of Washington in the 3rd quarter valued at about $34,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA increased its holdings in shares of Expeditors International of Washington by 63.6% in the 3rd quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 360 shares of the transportation company's stock valued at $44,000 after acquiring an additional 140 shares during the last quarter. Institutional investors and hedge funds own 94.02% of the company's stock.

Trending Headlines about Expeditors International of Washington

Here are the key news stories impacting Expeditors International of Washington this week:

Wall Street Analyst Weigh In

A number of research analysts have recently commented on EXPD shares. Barclays increased their price objective on Expeditors International of Washington from $110.00 to $135.00 and gave the company an "underweight" rating in a report on Thursday, January 15th. Bank of America upgraded Expeditors International of Washington from a "neutral" rating to a "buy" rating in a report on Friday, January 9th. Wolfe Research upgraded Expeditors International of Washington from a "strong sell" rating to a "hold" rating in a report on Monday, March 9th. Truist Financial dropped their price objective on Expeditors International of Washington from $160.00 to $140.00 and set a "hold" rating on the stock in a report on Wednesday, February 25th. Finally, Zacks Research downgraded Expeditors International of Washington from a "strong-buy" rating to a "hold" rating in a report on Wednesday, January 14th. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have given a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Reduce" and an average target price of $134.30.

Get Our Latest Stock Analysis on Expeditors International of Washington

Expeditors International of Washington Stock Up 9.6%

NASDAQ:EXPD opened at $153.08 on Wednesday. The stock's 50 day moving average price is $145.25 and its 200 day moving average price is $146.49. The company has a market capitalization of $20.36 billion, a PE ratio of 26.76, a P/E/G ratio of 5.00 and a beta of 1.04. Expeditors International of Washington, Inc. has a 52-week low of $106.00 and a 52-week high of $167.19.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last released its quarterly earnings results 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 return on equity of 36.16% and a net margin of 7.64%.The firm's revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.47 EPS. As a group, sell-side analysts anticipate that Expeditors International of Washington, Inc. will post 5.39 EPS for the current fiscal year.

Expeditors International of Washington Announces Dividend

The company also recently declared a dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be paid a dividend of $0.81 per share. This represents a yield of 106.0%. The ex-dividend date is Monday, June 1st. Expeditors International of Washington's dividend payout ratio (DPR) is currently 25.93%.

Expeditors International of Washington Company Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding EXPD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report).

Institutional Ownership by Quarter for Expeditors International of Washington (NASDAQ:EXPD)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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