State of Wyoming Purchases 3,551 Shares of Expeditors International of Washington, Inc. $EXPD

State of Wyoming grew its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 983.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,912 shares of the transportation company’s stock after purchasing an additional 3,551 shares during the quarter. State of Wyoming’s holdings in Expeditors International of Washington were worth $583,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Elyxium Wealth LLC bought a new stake in shares of Expeditors International of Washington in the 4th quarter valued at $28,000. Community Bank N.A. bought a new stake in shares of Expeditors International of Washington in the 3rd quarter valued at $34,000. Geneos Wealth Management Inc. boosted its stake in shares of Expeditors International of Washington by 132.3% in the 4th quarter. Geneos Wealth Management Inc. now owns 230 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 131 shares during the last quarter. Oakworth Capital Inc. boosted its stake in shares of Expeditors International of Washington by 1,723.1% in the 4th quarter. Oakworth Capital Inc. now owns 237 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 224 shares during the last quarter. Finally, eCIO Inc. bought a new stake in shares of Expeditors International of Washington in the 4th quarter valued at $37,000. 94.02% of the stock is owned by institutional investors.

Expeditors International of Washington Stock Up 0.2%

Shares of NASDAQ EXPD opened at $160.41 on Friday. The firm has a market cap of $20.98 billion, a PE ratio of 28.04, a P/E/G ratio of 5.00 and a beta of 1.05. Expeditors International of Washington, Inc. has a 12-month low of $110.48 and a 12-month high of $167.19. The company’s fifty day simple moving average is $151.33 and its 200 day simple moving average is $151.20.

Expeditors International of Washington (NASDAQ:EXPD) last issued its earnings results on Tuesday, May 5th. The transportation company reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.38. Expeditors International of Washington had a net margin of 7.64% and a return on equity of 36.16%. The business’s revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.47 EPS. On average, equities analysts predict that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current year.

Expeditors International of Washington Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be issued a dividend of $0.81 per share. The ex-dividend date is Monday, June 1st. This represents a yield of 101.0%. Expeditors International of Washington’s dividend payout ratio is presently 26.21%.

Analysts Set New Price Targets

EXPD has been the topic of several research analyst reports. Susquehanna increased their target price on shares of Expeditors International of Washington from $142.00 to $156.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Zacks Research raised shares of Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. JPMorgan Chase & Co. increased their target price on shares of Expeditors International of Washington from $135.00 to $139.00 and gave the stock an “underweight” rating in a research note on Wednesday, May 6th. Truist Financial cut their target price on shares of Expeditors International of Washington from $160.00 to $140.00 and set a “hold” rating on the stock in a research note on Wednesday, February 25th. Finally, Wolfe Research raised shares of Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $137.30.

Expeditors International of Washington Company 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.