Beacon Pointe Advisors LLC Reduces Stock Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)
Beacon Pointe Advisors LLC trimmed its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD – Free Report) by 6.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,742 shares of the transportation company’s stock after selling 970 shares during the period. Beacon Pointe Advisors LLC’s holdings in Expeditors International of Washington were worth $1,875,000 as of its most recent filing with the Securities and Exchange Commission. Other hedge funds and other institutional investors have also bought and sold shares of the company. CVA Family Office LLC bought a new stake in shares of Expeditors International of Washington during the 4th quarter worth $35,000. BKM Wealth Management LLC bought a new position in shares of Expeditors International of Washington during the 4th quarter valued at about $37,000. Planned Solutions Inc. purchased a new position in shares of Expeditors International of Washington during the 4th quarter valued at about $37,000. Fortitude Family Office LLC bought a new stake in Expeditors International of Washington in the 4th quarter worth approximately $38,000. Finally, Bruce G. Allen Investments LLC purchased a new stake in Expeditors International of Washington in the fourth quarter worth approximately $49,000. Institutional investors own 94.02% of the company’s stock. Wall Street Analyst Weigh In EXPD has been the subject of a number of research reports. JPMorgan Chase & Co. upped their price objective on shares of Expeditors International of Washington from $106.00 to $107.00 and gave the company an “underweight” rating in a research note on Tuesday, April 9th. Bank of America assumed coverage on shares of Expeditors International of Washington in a research report on Friday, March 15th. They set a “neutral” rating and a $126.00 price target for the company. TD Cowen lifted their price objective on Expeditors International of Washington from $111.00 to $112.00 and gave the stock a “hold” rating in a report on Wednesday, May 8th. Susquehanna increased their target price on Expeditors International of Washington from $112.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday, May 8th. Finally, BNP Paribas upgraded Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $112.00 price target on the stock in a research report on Tuesday, May 14th. Two research analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. According to MarketBeat.com, Expeditors International of Washington currently has an average rating of “Hold” and an average price target of $111.63. View Our Latest Stock Report on EXPD Insider Buying and Selling In other news, VP Jeffrey F. Dickerman sold 2,000 shares of the company’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 completion of the sale, the vice president now owns 5,728 shares of the company’s stock, valued at approximately $702,424.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Blake R. Bell sold 4,100 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $116.99, for a total transaction of $479,659.00. Following the completion of the transaction, the insider now directly owns 52,745 shares in the company, valued at approximately $6,170,637.55. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Jeffrey F. Dickerman sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $122.63, for a total transaction of $245,260.00. Following the sale, the vice president now owns 5,728 shares in the company, valued at approximately $702,424.64. The disclosure for this sale can be found here. 0.75% of the stock is currently owned by corporate insiders. Expeditors International of Washington Stock Up 0.2 % NASDAQ:EXPD opened at $117.90 on Monday. The stock has a market cap of $16.65 billion, a price-to-earnings ratio of 24.98, a PEG ratio of 6.47 and a beta of 1.00. The company’s 50 day moving average price is $117.33 and its 200-day moving average price is $120.81. Expeditors International of Washington, Inc. has a 52 week low of $107.03 and a 52 week high of $131.17. 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 EPS for the quarter, beating the consensus estimate of $1.10 by $0.07. The company had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.22 billion. Expeditors International of Washington had a return on equity of 28.89% and a net margin of 7.81%. Expeditors International of Washington’s revenue was down 14.9% compared to the same quarter last year. During the same period last year, the firm posted $1.45 earnings per share. As a group, sell-side analysts anticipate that Expeditors International of Washington, Inc. will post 4.82 earnings per share for the current year. Expeditors International of Washington Increases Dividend The company also recently declared a semi-annual dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be paid a $0.73 dividend. This is an increase from Expeditors International of Washington’s previous semi-annual dividend of $0.69. This represents a dividend yield of 1.2%. The ex-dividend date of this dividend is Monday, June 3rd. Expeditors International of Washington’s dividend payout ratio (DPR) is 29.24%. Expeditors International of Washington Profile (Free Report) 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. 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May 20, 2024 | www.defenseworld.net
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