CWA Asset Management Group LLC Acquires New Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

CWA Asset Management Group LLC acquired a new position in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 27,741 shares of the transportation company's stock, valued at approximately $3,645,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Crewe Advisors LLC bought a new stake in Expeditors International of Washington during the first quarter valued at about $25,000. Hara Capital LLC bought a new position in Expeditors International of Washington in the 3rd quarter worth about $26,000. Innealta Capital LLC purchased a new position in shares of Expeditors International of Washington during the second quarter valued at $31,000. Family Firm Inc. bought a new position in Expeditors International of Washington in the second quarter worth approximately $35,000. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in shares of Expeditors International of Washington during the second quarter valued at about $52,000. Institutional investors own 94.02% of the company's stock.

Expeditors International of Washington Stock Performance

Expeditors International of Washington stock traded up $0.07 during trading on Friday, reaching $120.06. 1,230,076 shares of the company's stock were exchanged, compared to its average volume of 1,198,336. The firm has a market cap of $16.81 billion, a price-to-earnings ratio of 23.40, a PEG ratio of 3.56 and a beta of 0.98. Expeditors International of Washington, Inc. has a 52-week low of $111.20 and a 52-week high of $131.59. The company's 50-day moving average is $122.39 and its two-hundred day moving average is $121.37.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last released its earnings results on Tuesday, November 5th. The transportation company reported $1.63 EPS for the quarter, topping analysts' consensus estimates of $1.33 by $0.30. The company had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.47 billion. Expeditors International of Washington had a return on equity of 32.12% and a net margin of 7.39%. Expeditors International of Washington's quarterly revenue was up 37.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.16 EPS. Analysts anticipate that Expeditors International of Washington, Inc. will post 5.16 EPS for the current year.

Expeditors International of Washington Dividend Announcement

The firm also recently declared a semi-annual dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a $0.73 dividend. The ex-dividend date is Monday, December 2nd. This represents a dividend yield of 1.2%. Expeditors International of Washington's payout ratio is currently 28.46%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on EXPD. Benchmark reissued a "hold" rating on shares of Expeditors International of Washington in a report on Wednesday, August 7th. UBS Group raised shares of Expeditors International of Washington from a "sell" rating to a "neutral" rating and increased their price objective for the company from $95.00 to $137.00 in a report on Thursday, August 1st. Barclays increased their price target on Expeditors International of Washington from $105.00 to $110.00 and gave the company an "underweight" rating in a report on Wednesday. TD Cowen boosted their price objective on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the company a "sell" rating in a report on Wednesday. Finally, Bank of America raised their price objective on shares of Expeditors International of Washington from $131.00 to $132.00 and gave the company a "neutral" rating in a research note on Monday, July 22nd. Five research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. Based on data from MarketBeat, Expeditors International of Washington currently has an average rating of "Hold" and a consensus target price of $115.00.

About Expeditors International of Washington

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.