Wealth Enhancement Advisory Services LLC Raises Stake in Expeditors International of Washington, Inc. $EXPD

Wealth Enhancement Advisory Services LLC increased its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 4.6% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 196,331 shares of the transportation company’s stock after acquiring an additional 8,646 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Expeditors International of Washington were worth $24,007,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in EXPD. Vermillion & White Wealth Management Group LLC increased its position in shares of Expeditors International of Washington by 82.3% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 268 shares of the transportation company’s stock worth $31,000 after acquiring an additional 121 shares during the period. Atlantic Union Bankshares Corp purchased a new stake in Expeditors International of Washington in the second quarter worth about $34,000. CYBER HORNET ETFs LLC bought a new position in Expeditors International of Washington during the 2nd quarter worth about $43,000. Bartlett & CO. Wealth Management LLC purchased a new position in Expeditors International of Washington during the 3rd quarter valued at about $43,000. Finally, Addison Advisors LLC lifted its position in shares of Expeditors International of Washington by 79.1% in the 2nd quarter. Addison Advisors LLC now owns 385 shares of the transportation company’s stock worth $44,000 after purchasing an additional 170 shares during the period. 94.02% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on EXPD shares. Truist Financial lifted their price objective on shares of Expeditors International of Washington from $130.00 to $160.00 and gave the company a “hold” 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. Zacks Research lowered Expeditors International of Washington from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 14th. Morgan Stanley raised their price objective on Expeditors International of Washington from $90.00 to $95.00 and gave the company an “underweight” rating in a research report on Monday, December 8th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Expeditors International of Washington from $134.00 to $132.00 and set an “underweight” rating for the company in a research report on Monday, January 12th. Two analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $134.10.

Expeditors International of Washington Price Performance

Shares of EXPD stock opened at $162.69 on Thursday. The business has a fifty day moving average of $151.08 and a 200 day moving average of $131.23. Expeditors International of Washington, Inc. has a 1 year low of $100.47 and a 1 year high of $164.48. The firm has a market capitalization of $21.80 billion, a price-to-earnings ratio of 28.44, a price-to-earnings-growth ratio of 5.00 and a beta of 1.14.

Expeditors International of Washington Announces Dividend

The company also recently announced a dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were given a $0.77 dividend. The ex-dividend date was Monday, December 1st. This represents a yield of 105.0%. Expeditors International of Washington’s dividend payout ratio is currently 25.12%.

Insider Activity at Expeditors International of Washington

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

Expeditors International of Washington Profile

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.