Wipfli Financial Advisors LLC Makes New Investment in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Posted by Defense World Staff on Jan 10th, 2023

Wipfli Financial Advisors LLC purchased a new position in Expeditors International of Washington, Inc. (NASDAQ:EXPD – Get Rating) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,520 shares of the transportation company’s stock, valued at approximately $134,000.

Several other institutional investors have also recently made changes to their positions in the company. Capital Analysts LLC increased its holdings in shares of Expeditors International of Washington by 0.7% in the second quarter. Capital Analysts LLC now owns 13,893 shares of the transportation company’s stock worth $1,354,000 after purchasing an additional 95 shares during the period. Denali Advisors LLC increased its holdings in shares of Expeditors International of Washington by 3.7% in the second quarter. Denali Advisors LLC now owns 2,800 shares of the transportation company’s stock worth $273,000 after purchasing an additional 100 shares during the period. Lakeside Advisors INC. increased its holdings in shares of Expeditors International of Washington by 0.3% in the second quarter. Lakeside Advisors INC. now owns 37,051 shares of the transportation company’s stock worth $3,611,000 after purchasing an additional 110 shares during the period. Wedbush Securities Inc. increased its holdings in shares of Expeditors International of Washington by 3.6% in the third quarter. Wedbush Securities Inc. now owns 3,475 shares of the transportation company’s stock worth $307,000 after purchasing an additional 121 shares during the period. Finally, Hanson & Doremus Investment Management increased its holdings in shares of Expeditors International of Washington by 20.8% in the third quarter. Hanson & Doremus Investment Management now owns 715 shares of the transportation company’s stock worth $63,000 after purchasing an additional 123 shares during the period. Institutional investors own 93.26% of the company’s stock.

Insiders Place Their Bets

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 986 shares of the firm’s stock in a transaction dated Wednesday, November 9th. The shares were sold at an average price of $106.59, for a total value of $105,097.74. Following the completion of the sale, the vice president now directly owns 1,770 shares in the company, valued at $188,664.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 986 shares of the firm’s stock in a transaction that occurred on Wednesday, November 9th. The shares were sold at an average price of $106.59, for a total transaction of $105,097.74. Following the completion of the transaction, the vice president now owns 1,770 shares of the company’s stock, valued at $188,664.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Bradley S. Powell sold 17,206 shares of the firm’s stock in a transaction that occurred on Wednesday, November 9th. The shares were sold at an average price of $106.23, for a total transaction of $1,827,793.38. The disclosure for this sale can be found here. Insiders sold 29,692 shares of company stock worth $3,237,336 over the last three months. Company insiders own 0.55% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on EXPD shares. Morgan Stanley reduced their target price on Expeditors International of Washington from $94.00 to $86.00 and set an “underweight” rating on the stock in a research note on Monday, October 3rd. Barclays reduced their target price on Expeditors International of Washington from $95.00 to $90.00 and set an “underweight” rating on the stock in a research note on Thursday, October 13th. BNP Paribas started coverage on Expeditors International of Washington in a research note on Thursday, December 1st. They issued a “neutral” rating and a $107.00 target price on the stock. Susquehanna reduced their target price on Expeditors International of Washington from $110.00 to $95.00 in a research note on Wednesday, November 9th. Finally, Wells Fargo & Company lowered shares of Expeditors International of Washington from an “equal weight” rating to an “underweight” rating and set a $95.00 price target for the company. in a research report on Tuesday, November 22nd. Four equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $99.89.

Expeditors International of Washington Trading Up 1.5 %

Expeditors International of Washington stock opened at $109.85 on Tuesday. The firm has a 50-day moving average of $108.30 and a 200-day moving average of $101.78. The firm has a market cap of $17.48 billion, a P/E ratio of 11.54 and a beta of 0.98. Expeditors International of Washington, Inc. has a 1-year low of $86.08 and a 1-year high of $127.88.

Expeditors International of Washington (NASDAQ:EXPD – Get Rating) last posted its earnings results on Tuesday, November 8th. The transportation company reported $2.54 earnings per share for the quarter, topping analysts’ consensus estimates of $1.92 by $0.62. The company had revenue of $4.36 billion during the quarter, compared to analyst estimates of $4.21 billion. Expeditors International of Washington had a net margin of 8.36% and a return on equity of 44.27%. Expeditors International of Washington’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period in the prior year, the business posted $2.09 earnings per share. Research analysts forecast that Expeditors International of Washington, Inc. will post 8.69 earnings per share for the current fiscal year.

Expeditors International of Washington Dividend Announcement

The business also recently disclosed a Semi-Annual dividend, which was paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st were issued a $0.67 dividend. The ex-dividend date was Wednesday, November 30th. This represents a yield of 1.2%. Expeditors International of Washington’s dividend payout ratio (DPR) is presently 14.08%.

Expeditors International of Washington Company Profile

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Expeditors International of Washington, Inc provides logistics services in the Americas, North Asia, South Asia, Europe, the Middle East, Africa, and India. 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, 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.

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