Swiss National Bank Acquires 22,100 Shares of Expeditors International of Washington, Inc. $EXPD

Swiss National Bank increased its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 5.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 417,000 shares of the transportation company’s stock after buying an additional 22,100 shares during the period. Swiss National Bank’s holdings in Expeditors International of Washington were worth $47,642,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of EXPD. Clifford Swan Investment Counsel LLC lifted its holdings in shares of Expeditors International of Washington by 18.0% in the 2nd quarter. Clifford Swan Investment Counsel LLC now owns 71,213 shares of the transportation company’s stock worth $8,136,000 after buying an additional 10,858 shares during the period. Avantax Advisory Services Inc. lifted its stake in Expeditors International of Washington by 6.5% in the first quarter. Avantax Advisory Services Inc. now owns 2,426 shares of the transportation company’s stock worth $292,000 after acquiring an additional 149 shares during the period. Kestra Private Wealth Services LLC bought a new position in Expeditors International of Washington during the 1st quarter worth about $200,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Expeditors International of Washington during the 2nd quarter valued at about $21,493,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Expeditors International of Washington by 3.1% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 16,973 shares of the transportation company’s stock valued at $1,939,000 after purchasing an additional 516 shares in the last quarter. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Trading Up 0.8%

NASDAQ EXPD opened at $144.37 on Tuesday. The company has a fifty day simple moving average of $126.07 and a two-hundred day simple moving average of $119.85. Expeditors International of Washington, Inc. has a 12-month low of $100.47 and a 12-month high of $146.27. The stock has a market cap of $19.35 billion, a P/E ratio of 25.24, a P/E/G ratio of 5.00 and a beta of 1.09.

Expeditors International of Washington Announces Dividend

The company also recently declared a dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be paid a dividend of $0.77 per share. This represents a yield of 113.0%. The ex-dividend date is Monday, December 1st. Expeditors International of Washington’s payout ratio is presently 25.12%.

Insider Transactions at Expeditors International of Washington

In other news, VP Jeffrey F. Dickerman sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $134.17, for a total value of $201,255.00. Following the completion of the transaction, the vice president directly owned 6,151 shares in the company, valued at $825,279.67. This trade represents a 19.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Mark A. Emmert sold 5,400 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $135.25, for a total value of $730,350.00. Following the completion of the sale, the director owned 6,468 shares in the company, valued at approximately $874,797. This represents a 45.50% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.69% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently issued reports on EXPD. Zacks Research upgraded shares of Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 11th. JPMorgan Chase & Co. upped their price objective on Expeditors International of Washington from $116.00 to $134.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 5th. Bank of America upgraded shares of Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $142.00 price target on the stock in a report on Wednesday, November 5th. Stifel Nicolaus lifted their price objective on shares of Expeditors International of Washington from $114.00 to $130.00 and gave the stock a “hold” rating in a research report on Thursday, November 6th. Finally, Truist Financial raised their target price on shares of Expeditors International of Washington from $120.00 to $130.00 and gave the company a “hold” rating in a research note on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $131.89.

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.