Resona Asset Management Co. Ltd. Sells 3,362 Shares of Expeditors International of Washington, Inc. $EXPD

Resona Asset Management Co. Ltd. cut its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 5.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 55,475 shares of the transportation company’s stock after selling 3,362 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Expeditors International of Washington were worth $7,911,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of EXPD. Signaturefd LLC raised its holdings in Expeditors International of Washington by 2.1% during the 4th quarter. Signaturefd LLC now owns 3,447 shares of the transportation company’s stock worth $514,000 after buying an additional 71 shares during the period. RIA Advisory Group LLC boosted its holdings in shares of Expeditors International of Washington by 2.7% in the third quarter. RIA Advisory Group LLC now owns 2,970 shares of the transportation company’s stock valued at $364,000 after buying an additional 78 shares during the period. Rossby Financial LCC increased its position in shares of Expeditors International of Washington by 9.3% during the fourth quarter. Rossby Financial LCC now owns 938 shares of the transportation company’s stock worth $140,000 after acquiring an additional 80 shares in the last quarter. Claro Advisors Inc. increased its position in shares of Expeditors International of Washington by 5.0% during the fourth quarter. Claro Advisors Inc. now owns 1,743 shares of the transportation company’s stock worth $260,000 after acquiring an additional 83 shares in the last quarter. Finally, Frank Rimerman Advisors LLC raised its holdings in shares of Expeditors International of Washington by 1.8% during the fourth quarter. Frank Rimerman Advisors LLC now owns 5,408 shares of the transportation company’s stock worth $806,000 after acquiring an additional 95 shares during the period. 94.02% of the stock is owned by institutional investors.

Expeditors International of Washington Stock Up 0.8%

EXPD traded up $1.30 during trading hours on Friday, hitting $171.92. 1,213,249 shares of the company’s stock were exchanged, compared to its average volume of 1,362,142. The stock has a market cap of $22.49 billion, a price-to-earnings ratio of 30.06, a PEG ratio of 5.00 and a beta of 1.04. Expeditors International of Washington, Inc. has a 1-year low of $110.48 and a 1-year high of $172.18. The stock’s 50-day moving average is $160.57 and its two-hundred day moving average is $154.15.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings results on Tuesday, May 5th. The transportation company reported $1.71 earnings per share (EPS) for the quarter, beating 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%. During the same period last year, the company posted $1.47 EPS. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. On average, equities research analysts anticipate that Expeditors International of Washington, Inc. will post 5.39 EPS for the current year.

Expeditors International of Washington Announces Dividend

The business also recently disclosed a dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were issued 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 several research reports. Susquehanna boosted their price objective on shares of Expeditors International of Washington from $142.00 to $156.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Zacks Research upgraded Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Stephens raised Expeditors International of Washington to a “strong-buy” rating in a research note on Wednesday. JPMorgan Chase & Co. boosted their price target on 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, UBS Group increased their price objective on Expeditors International of Washington from $175.00 to $191.00 and gave the stock a “buy” rating in a report on Thursday. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $142.22.

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.