Impact Partnership Wealth LLC Acquires Shares of 7,057 Expeditors International of Washington, Inc. $EXPD

Impact Partnership Wealth LLC acquired a new stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 7,057 shares of the transportation company’s stock, valued at approximately $1,011,000.

Other institutional investors have also made changes to their positions in the company. Elyxium Wealth LLC acquired a new stake in Expeditors International of Washington during the 4th quarter valued at $28,000. DV Equities LLC acquired a new position in Expeditors International of Washington in the 4th quarter worth $28,000. Nalls Sherbakoff Group LLC acquired a new position in Expeditors International of Washington in the 4th quarter worth $30,000. Bard Associates Inc. purchased a new position in Expeditors International of Washington in the 4th quarter valued at about $32,000. Finally, Community Bank N.A. purchased a new position in Expeditors International of Washington in the 3rd quarter valued at about $34,000. 94.02% of the stock is owned by institutional investors and hedge funds.

Expeditors International of Washington Stock Performance

EXPD opened at $162.86 on Wednesday. Expeditors International of Washington, Inc. has a 1-year low of $110.48 and a 1-year high of $168.52. The company has a 50-day moving average of $157.59 and a 200-day moving average of $153.27. The company has a market capitalization of $21.30 billion, a P/E ratio of 28.47, a PEG ratio of 5.00 and a beta of 1.05.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings results on Tuesday, May 5th. The transportation company reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.38. Expeditors International of Washington had a return on equity of 36.16% and a net margin of 7.64%.The firm’s revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.47 earnings per share. As a group, sell-side analysts expect that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current fiscal year.

Expeditors International of Washington Dividend Announcement

The company also recently announced a dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were given a $0.81 dividend. The ex-dividend date was Monday, June 1st. This represents a dividend yield of 101.0%. Expeditors International of Washington’s dividend payout ratio (DPR) is presently 26.21%.

Wall Street Analysts Forecast Growth

EXPD has been the topic of a number of analyst reports. JPMorgan Chase & Co. lifted their target price on Expeditors International of Washington from $135.00 to $139.00 and gave the stock an “underweight” rating in a research report on Wednesday, May 6th. Susquehanna increased their price target on Expeditors International of Washington from $142.00 to $156.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. UBS Group raised their price objective on Expeditors International of Washington from $166.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Zacks Research upgraded Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Finally, Wolfe Research raised Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have given a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $140.44.

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.