Wealth Enhancement Advisory Services LLC Boosts Stake in Expeditors International of Washington, Inc. $EXPD

Wealth Enhancement Advisory Services LLC raised its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 4.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 196,331 shares of the transportation company’s stock after purchasing an additional 8,646 shares during the period. Wealth Enhancement Advisory Services LLC owned 0.14% of Expeditors International of Washington worth $24,007,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Vermillion & White Wealth Management Group LLC increased its holdings in Expeditors International of Washington by 82.3% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 268 shares of the transportation company’s stock worth $31,000 after acquiring an additional 121 shares in the last quarter. Atlantic Union Bankshares Corp bought a new stake in shares of Expeditors International of Washington during the 2nd quarter valued at $34,000. CYBER HORNET ETFs LLC purchased a new position in shares of Expeditors International of Washington during the 2nd quarter valued at $43,000. Bartlett & CO. Wealth Management LLC bought a new position in Expeditors International of Washington in the 3rd quarter worth $43,000. Finally, Addison Advisors LLC increased its stake in Expeditors International of Washington by 79.1% in the 2nd quarter. Addison Advisors LLC now owns 385 shares of the transportation company’s stock worth $44,000 after buying an additional 170 shares in the last quarter. 94.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on EXPD. Bank of America raised Expeditors International of Washington from a “neutral” rating to a “buy” rating in a research note on Friday, January 9th. Barclays increased their price objective on shares of Expeditors International of Washington from $110.00 to $135.00 and gave the company an “underweight” rating in a report on Thursday, January 15th. UBS Group upgraded shares of Expeditors International of Washington from a “neutral” rating to a “buy” rating and upped their target price for the stock from $138.00 to $166.00 in a research report on Monday, November 17th. JPMorgan Chase & Co. cut their price objective on Expeditors International of Washington from $134.00 to $132.00 and set an “underweight” rating for the company in a research report on Monday, January 12th. Finally, Truist Financial boosted their target price on Expeditors International of Washington from $130.00 to $160.00 and gave the stock a “hold” rating in a research report on Thursday, January 15th. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $134.10.

Expeditors International of Washington Trading Up 2.2%

Shares of NASDAQ:EXPD opened at $162.69 on Thursday. The company has a market cap of $21.80 billion, a price-to-earnings ratio of 28.44, a PEG ratio of 5.00 and a beta of 1.14. Expeditors International of Washington, Inc. has a 12 month low of $100.47 and a 12 month high of $164.48. The company has a 50-day moving average price of $151.08 and a 200 day moving average price of $131.23.

Expeditors International of Washington Announces Dividend

The business also recently announced a dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were given a dividend of $0.77 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a dividend yield of 105.0%. Expeditors International of Washington’s payout ratio is currently 25.12%.

Insider Buying and Selling at Expeditors International of Washington

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $134.17, for a total value of $201,255.00. Following the completion of the sale, the vice president owned 6,151 shares of the company’s stock, valued at $825,279.67. This trade represents a 19.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mark A. Emmert sold 5,400 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $135.25, for a total value of $730,350.00. Following the transaction, the director directly owned 6,468 shares in the company, valued at approximately $874,797. This represents a 45.50% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.69% of the company’s stock.

Expeditors International of Washington 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.