Charles Schwab Investment Management Inc. Has $109.54 Million Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Charles Schwab Investment Management Inc. raised its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 6.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 833,610 shares of the transportation company's stock after acquiring an additional 51,265 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.60% of Expeditors International of Washington worth $109,536,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Hara Capital LLC bought a new position in shares of Expeditors International of Washington during the third quarter worth approximately $26,000. Innealta Capital LLC bought a new position in Expeditors International of Washington during the 2nd quarter worth $31,000. Family Firm Inc. acquired a new stake in shares of Expeditors International of Washington during the second quarter worth $35,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Expeditors International of Washington in the second quarter valued at about $52,000. Finally, Maia Wealth LLC acquired a new position in shares of Expeditors International of Washington in the third quarter valued at about $59,000. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on EXPD shares. UBS Group raised shares of Expeditors International of Washington from a "sell" rating to a "neutral" rating and boosted their price objective for the company from $95.00 to $137.00 in a report on Thursday, August 1st. TD Cowen boosted their price target on Expeditors International of Washington from $106.00 to $108.00 and gave the company a "sell" rating in a research note on Wednesday, November 6th. Wolfe Research lowered Expeditors International of Washington from a "hold" rating to a "strong sell" rating in a research note on Wednesday, October 9th. Barclays lifted their price objective on Expeditors International of Washington from $105.00 to $110.00 and gave the company an "underweight" rating in a report on Wednesday, November 6th. Finally, Benchmark restated a "hold" rating on shares of Expeditors International of Washington in a research report on Wednesday, August 7th. Four research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $118.44.

Expeditors International of Washington Price Performance

NASDAQ:EXPD traded down $0.74 during trading hours on Tuesday, hitting $121.65. The company's stock had a trading volume of 899,171 shares, compared to its average volume of 1,220,210. Expeditors International of Washington, Inc. has a twelve month low of $111.20 and a twelve month high of $131.59. The stock has a fifty day simple moving average of $121.88 and a 200-day simple moving average of $121.87. The company has a market capitalization of $17.03 billion, a P/E ratio of 23.73, a PEG ratio of 3.48 and a beta of 0.98.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last posted its quarterly earnings results on Tuesday, November 5th. The transportation company reported $1.63 earnings per share for the quarter, beating 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 net margin of 7.39% and a return on equity of 32.12%. The firm's quarterly revenue was up 37.0% compared to the same quarter last year. During the same period last year, the company posted $1.16 EPS. On average, equities analysts predict that Expeditors International of Washington, Inc. will post 5.37 EPS for the current fiscal year.

Expeditors International of Washington Announces Dividend

The business also recently declared a semi-annual dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.73 per share. The ex-dividend date is Monday, December 2nd. This represents a dividend yield of 1.2%. Expeditors International of Washington's dividend payout ratio (DPR) is presently 28.46%.

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.