Empower Advisory Group LLC Sells 979 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Empower Advisory Group LLC reduced its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 1.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 82,819 shares of the transportation company’s stock after selling 979 shares during the period. Empower Advisory Group LLC’s holdings in Expeditors International of Washington were worth $10,882,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. lifted its holdings in Expeditors International of Washington by 1.7% during the 3rd quarter. Victory Capital Management Inc. now owns 316,736 shares of the transportation company’s stock valued at $41,619,000 after purchasing an additional 5,438 shares during the last quarter. Aigen Investment Management LP bought a new position in shares of Expeditors International of Washington in the third quarter worth about $304,000. Venturi Wealth Management LLC raised its stake in shares of Expeditors International of Washington by 25.1% in the third quarter. Venturi Wealth Management LLC now owns 2,586 shares of the transportation company’s stock worth $340,000 after acquiring an additional 519 shares during the last quarter. Delta Financial Advisors LLC raised its stake in shares of Expeditors International of Washington by 6.4% in the third quarter. Delta Financial Advisors LLC now owns 24,204 shares of the transportation company’s stock worth $3,180,000 after acquiring an additional 1,465 shares during the last quarter. Finally, Ashton Thomas Securities LLC raised its stake in shares of Expeditors International of Washington by 12.1% in the third quarter. Ashton Thomas Securities LLC now owns 3,780 shares of the transportation company’s stock worth $497,000 after acquiring an additional 408 shares during the last quarter. 94.02% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Barclays boosted their target price on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 6th. UBS Group raised shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $95.00 to $137.00 in a research note on Thursday, August 1st. TD Cowen boosted their target price on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the stock a “sell” rating in a research note on Wednesday, November 6th. Wolfe Research cut shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 9th. Finally, Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, August 7th. Four equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $118.44.

Expeditors International of Washington Stock Performance

Shares of NASDAQ EXPD opened at $119.51 on Thursday. The stock has a market cap of $16.73 billion, a P/E ratio of 23.30, a P/E/G ratio of 3.41 and a beta of 0.98. The firm has a 50 day moving average price of $122.10 and a 200 day moving average price of $121.50. Expeditors International of Washington, Inc. has a 52-week low of $111.20 and a 52-week high of $131.59.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings data on Tuesday, November 5th. The transportation company reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.30. The firm had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.47 billion. Expeditors International of Washington had a net margin of 7.39% and a return on equity of 32.12%. The business’s revenue for the quarter was up 37.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.16 earnings per share. Analysts predict that Expeditors International of Washington, Inc. will post 5.37 earnings per share for the current fiscal year.

Expeditors International of Washington Announces Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a dividend of $0.73 per share. This represents a yield of 1.2%. The ex-dividend date of this dividend is Monday, December 2nd. Expeditors International of Washington’s dividend payout ratio is currently 28.46%.

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.