MV Capital Management Inc. Acquires 815 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

MV Capital Management Inc. grew its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 4.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,054 shares of the transportation company’s stock after acquiring an additional 815 shares during the period. MV Capital Management Inc.’s holdings in Expeditors International of Washington were worth $2,438,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. First Trust Advisors LP raised its stake in Expeditors International of Washington by 580.8% during the 4th quarter. First Trust Advisors LP now owns 1,584,361 shares of the transportation company’s stock worth $201,531,000 after acquiring an additional 1,351,630 shares during the period. Norges Bank bought a new stake in shares of Expeditors International of Washington during the 4th quarter valued at $74,763,000. TD Asset Management Inc lifted its stake in shares of Expeditors International of Washington by 51.9% during the 4th quarter. TD Asset Management Inc now owns 867,160 shares of the transportation company’s stock valued at $110,303,000 after buying an additional 296,186 shares in the last quarter. International Assets Investment Management LLC increased its stake in Expeditors International of Washington by 8,732.2% in the 4th quarter. International Assets Investment Management LLC now owns 225,398 shares of the transportation company’s stock worth $28,671,000 after buying an additional 222,846 shares in the last quarter. Finally, Confluence Investment Management LLC bought a new stake in Expeditors International of Washington during the first quarter valued at about $23,178,000. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Price Performance

Shares of NASDAQ EXPD traded up $0.35 during mid-day trading on Tuesday, hitting $121.22. 973,187 shares of the company’s stock traded hands, compared to its average volume of 1,299,602. Expeditors International of Washington, Inc. has a 1 year low of $107.03 and a 1 year high of $131.17. The company’s 50-day moving average is $119.93 and its two-hundred day moving average is $121.87. The company has a market capitalization of $17.12 billion, a P/E ratio of 25.62, a PEG ratio of 5.81 and a beta of 0.98.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings data on Tuesday, May 7th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.07. The business had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.22 billion. Expeditors International of Washington had a return on equity of 28.89% and a net margin of 7.81%. The company’s quarterly revenue was down 14.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.45 earnings per share. Equities analysts anticipate that Expeditors International of Washington, Inc. will post 4.89 EPS for the current fiscal year.

Expeditors International of Washington Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were given a $0.73 dividend. The ex-dividend date was Monday, June 3rd. This is an increase from Expeditors International of Washington’s previous semi-annual dividend of $0.69. This represents a yield of 1.2%. Expeditors International of Washington’s dividend payout ratio (DPR) is currently 30.93%.

Insiders Place Their Bets

In related news, insider Blake R. Bell sold 4,100 shares of the stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $116.99, for a total value of $479,659.00. Following the sale, the insider now directly owns 52,745 shares of the company’s stock, valued at approximately $6,170,637.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Mark A. Emmert sold 8,100 shares of the firm’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $123.67, for a total value of $1,001,727.00. Following the transaction, the director now owns 14,085 shares of the company’s stock, valued at approximately $1,741,891.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Blake R. Bell sold 4,100 shares of Expeditors International of Washington stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $116.99, for a total transaction of $479,659.00. Following the sale, the insider now owns 52,745 shares of the company’s stock, valued at approximately $6,170,637.55. The disclosure for this sale can be found here. 0.75% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on EXPD shares. Wolfe Research upgraded Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, May 28th. Bank of America lifted their price objective on shares of Expeditors International of Washington from $126.00 to $131.00 and gave the company a “neutral” rating in a research report on Wednesday, June 12th. TD Cowen upped their target price on shares of Expeditors International of Washington from $111.00 to $112.00 and gave the stock a “hold” rating in a research report on Wednesday, May 8th. BNP Paribas upgraded shares of Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $112.00 price target on the stock in a report on Tuesday, May 14th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Expeditors International of Washington from $106.00 to $107.00 and gave the company an “underweight” rating in a report on Tuesday, April 9th. Two equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $111.88.

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.