Pictet Asset Management Holding SA Sells 31,968 Shares of Expeditors International of Washington, Inc. $EXPD

Pictet Asset Management Holding SA decreased its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 15.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 174,339 shares of the transportation company’s stock after selling 31,968 shares during the quarter. Pictet Asset Management Holding SA owned approximately 0.13% of Expeditors International of Washington worth $24,969,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EXPD. Elyxium Wealth LLC bought a new position in shares of Expeditors International of Washington in the fourth quarter valued at about $28,000. DV Equities LLC acquired a new position in Expeditors International of Washington in the 4th quarter valued at about $28,000. Nalls Sherbakoff Group LLC acquired a new stake in Expeditors International of Washington during the fourth quarter worth approximately $30,000. Bard Associates Inc. bought a new stake in shares of Expeditors International of Washington during the fourth quarter worth approximately $32,000. Finally, Community Bank N.A. acquired a new position in shares of Expeditors International of Washington in the third quarter valued at approximately $34,000. 94.02% of the stock is owned by institutional investors.

Expeditors International of Washington Stock Performance

Shares of EXPD opened at $166.92 on Thursday. Expeditors International of Washington, Inc. has a 52 week low of $110.48 and a 52 week high of $168.52. The stock has a market capitalization of $21.83 billion, a price-to-earnings ratio of 29.18, a PEG ratio of 5.00 and a beta of 1.05. The stock has a fifty day moving average of $157.94 and a 200-day moving average of $153.37.

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 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 company’s revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.47 earnings per share. As a group, equities analysts forecast that Expeditors International of Washington, Inc. will post 5.39 EPS for the current year.

Expeditors International of Washington Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms have weighed in on EXPD. Barclays increased their price objective on Expeditors International of Washington from $135.00 to $150.00 and gave the stock an “underweight” rating in a research report on Thursday, June 25th. UBS Group raised their price target on Expeditors International of Washington from $166.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Wolfe Research upgraded shares of Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. JPMorgan Chase & Co. raised their target price on shares of Expeditors International of Washington from $135.00 to $139.00 and gave the company an “underweight” rating in a report on Wednesday, May 6th. Finally, Susquehanna upped their price target on shares of Expeditors International of Washington from $142.00 to $156.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have assigned a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $140.44.

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.