Vanguard Personalized Indexing Management LLC Has $2.75 Million Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Vanguard Personalized Indexing Management LLC trimmed its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 25.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,647 shares of the transportation company's stock after selling 7,357 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in Expeditors International of Washington were worth $2,754,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of EXPD. CVA Family Office LLC purchased a new position in shares of Expeditors International of Washington in the fourth quarter worth $35,000. BKM Wealth Management LLC purchased a new position in shares of Expeditors International of Washington in the fourth quarter worth $37,000. Planned Solutions Inc. purchased a new position in shares of Expeditors International of Washington in the fourth quarter worth $37,000. Fortitude Family Office LLC purchased a new position in shares of Expeditors International of Washington in the fourth quarter worth $38,000. Finally, Bruce G. Allen Investments LLC purchased a new position in shares of Expeditors International of Washington in the fourth quarter worth $49,000. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on EXPD shares. JPMorgan Chase & Co. raised their price target on shares of Expeditors International of Washington from $106.00 to $107.00 and gave the stock an "underweight" rating in a report on Tuesday, April 9th. BNP Paribas raised shares of Expeditors International of Washington from an "underperform" rating to a "neutral" rating and set a $112.00 target price for the company in a report on Tuesday. TD Cowen raised their target price on shares of Expeditors International of Washington from $111.00 to $112.00 and gave the stock a "hold" rating in a report on Wednesday, May 8th. Bank of America began coverage on shares of Expeditors International of Washington in a report on Friday, March 15th. They set a "neutral" rating and a $126.00 target price for the company. Finally, Susquehanna raised their target price on shares of Expeditors International of Washington from $112.00 to $120.00 and gave the stock a "neutral" rating in a report on Wednesday, May 8th. Two research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $111.63.

Insider Activity

In other news, VP Jeffrey F. Dickerman sold 2,000 shares of Expeditors International of Washington stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $122.63, for a total value of $245,260.00. Following the sale, the vice president now owns 5,728 shares in the company, valued at $702,424.64. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, VP Jeffrey F. Dickerman sold 2,000 shares of the business's stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $122.63, for a total transaction of $245,260.00. Following the transaction, the vice president now directly owns 5,728 shares in the company, valued at $702,424.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Blake R. Bell sold 4,100 shares of the business's stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $116.99, for a total transaction of $479,659.00. Following the transaction, the insider now owns 52,745 shares in the company, valued at $6,170,637.55. The disclosure for this sale can be found here. Company insiders own 0.69% of the company's stock.

Expeditors International of Washington Trading Down 0.1 %

EXPD traded down $0.13 on Thursday, reaching $117.68. The stock had a trading volume of 816,422 shares, compared to its average volume of 1,215,530. Expeditors International of Washington, Inc. has a 12-month low of $107.03 and a 12-month high of $131.17. The business's 50-day moving average price is $117.48 and its two-hundred day moving average price is $120.61. The company has a market cap of $16.62 billion, a P/E ratio of 24.88, a price-to-earnings-growth ratio of 6.46 and a beta of 1.00.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last released its quarterly earnings data on Tuesday, May 7th. The transportation company reported $1.17 earnings per share for the quarter, beating analysts' consensus estimates of $1.10 by $0.07. Expeditors International of Washington had a net margin of 7.81% and a return on equity of 28.89%. The company had revenue of $2.21 billion during the quarter, compared to analysts' expectations of $2.22 billion. During the same quarter in the previous year, the company earned $1.45 earnings per share. The firm's revenue for the quarter was down 14.9% on a year-over-year basis. As a group, analysts predict that Expeditors International of Washington, Inc. will post 4.82 earnings per share for the current year.

Expeditors International of Washington Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be given a $0.73 dividend. This is a positive change from Expeditors International of Washington's previous semi-annual dividend of $0.69. The ex-dividend date of this dividend is Monday, June 3rd. This represents a dividend yield of 1.2%. Expeditors International of Washington's dividend payout ratio (DPR) is 30.93%.

Expeditors International of Washington Profile

Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services worldwide. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, including ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, import, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, temperature-controlled transit, cargo insurance, specialized cargo monitoring and tracking, and other supply chain solutions.