Empower Advisory Group LLC Sells 979 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Empower Advisory Group LLC lowered its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 1.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 82,819 shares of the transportation company’s stock after selling 979 shares during the quarter. Empower Advisory Group LLC owned about 0.06% of Expeditors International of Washington worth $10,882,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. D. E. Shaw & Co. Inc. grew its stake in Expeditors International of Washington by 581.9% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 409,398 shares of the transportation company’s stock valued at $51,089,000 after buying an additional 349,362 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in Expeditors International of Washington by 2,286.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 321,879 shares of the transportation company’s stock valued at $42,295,000 after buying an additional 308,390 shares during the last quarter. International Assets Investment Management LLC grew its stake in Expeditors International of Washington by 15,046.0% in the 3rd quarter. International Assets Investment Management LLC now owns 266,873 shares of the transportation company’s stock valued at $35,067,000 after buying an additional 265,111 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in Expeditors International of Washington by 140.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 439,133 shares of the transportation company’s stock valued at $57,702,000 after buying an additional 256,317 shares during the last quarter. Finally, ProShare Advisors LLC grew its stake in Expeditors International of Washington by 16.8% in the 2nd quarter. ProShare Advisors LLC now owns 1,582,963 shares of the transportation company’s stock valued at $197,538,000 after buying an additional 227,671 shares during the last quarter. Institutional investors own 94.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on EXPD shares. Bank of America raised their target price on shares of Expeditors International of Washington from $131.00 to $132.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd. Barclays raised their target price on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, August 7th. UBS Group upgraded shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and raised their price target for the stock from $95.00 to $137.00 in a research report on Thursday, August 1st. Finally, Wolfe Research lowered shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 9th. Four investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. Based on data from MarketBeat, Expeditors International of Washington has an average rating of “Hold” and an average target price of $118.44.

Expeditors International of Washington Stock Performance

NASDAQ:EXPD opened at $119.51 on Thursday. The company has a 50-day moving average of $122.10 and a 200-day moving average of $121.50. The company has a market capitalization of $16.73 billion, a price-to-earnings ratio of 23.30, a PEG ratio of 3.41 and a beta of 0.98. Expeditors International of Washington, Inc. has a 52 week low of $111.20 and a 52 week high of $131.59.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings data on Tuesday, November 5th. The transportation company reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.30. The company had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.47 billion. Expeditors International of Washington had a net margin of 7.39% and a return on equity of 32.12%. The firm’s revenue for the quarter was up 37.0% compared to the same quarter last year. During the same period last year, the firm earned $1.16 EPS. Sell-side analysts forecast that Expeditors International of Washington, Inc. will post 5.37 EPS for the current year.

Expeditors International of Washington Dividend Announcement

The firm also recently disclosed a semi-annual dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.73 per share. This represents a dividend yield of 1.2%. The ex-dividend date is Monday, December 2nd. Expeditors International of Washington’s payout ratio is 28.46%.

Expeditors International of Washington Company 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.