Citigroup Inc. Buys 21,188 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Citigroup Inc. increased its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 13.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 182,462 shares of the transportation company's stock after purchasing an additional 21,188 shares during the period. Citigroup Inc. owned 0.13% of Expeditors International of Washington worth $23,976,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Hara Capital LLC bought a new position in shares of Expeditors International of Washington in the third quarter worth $26,000. Innealta Capital LLC acquired a new stake in shares of Expeditors International of Washington in the 2nd quarter worth approximately $31,000. Family Firm Inc. bought a new position in shares of Expeditors International of Washington in the second quarter valued at approximately $35,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Expeditors International of Washington in the second quarter valued at approximately $52,000. Finally, Maia Wealth LLC acquired a new position in shares of Expeditors International of Washington during the third quarter valued at approximately $59,000. Institutional investors and hedge funds own 94.02% of the company's stock.

Expeditors International of Washington Stock Up 0.3 %

Shares of EXPD traded up $0.41 during mid-day trading on Wednesday, reaching $122.06. The company's stock had a trading volume of 38,779 shares, compared to its average volume of 1,214,958. Expeditors International of Washington, Inc. has a 1 year low of $111.20 and a 1 year high of $131.59. The company has a market cap of $17.09 billion, a price-to-earnings ratio of 23.86, a price-to-earnings-growth ratio of 3.51 and a beta of 0.98. The business has a fifty day moving average of $121.88 and a 200 day moving average of $121.87.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last released its earnings results on Tuesday, November 5th. The transportation company reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.30. The company had revenue of $3 billion for the quarter, compared to analysts' expectations of $2.47 billion. Expeditors International of Washington had a return on equity of 32.12% and a net margin of 7.39%. The business's revenue for the quarter was up 37.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.16 EPS. On average, analysts predict that Expeditors International of Washington, Inc. will post 5.37 earnings per share for the current year.

Expeditors International of Washington Dividend Announcement

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

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. UBS Group upgraded Expeditors International of Washington from a "sell" rating to a "neutral" rating and upped their price objective for the company from $95.00 to $137.00 in a report on Thursday, August 1st. Barclays raised their price objective on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company an "underweight" rating in a research report on Wednesday, November 6th. Benchmark reissued a "hold" rating on shares of Expeditors International of Washington in a research note on Wednesday, August 7th. Wolfe Research lowered shares of Expeditors International of Washington from a "hold" rating to a "strong sell" rating in a research report on Wednesday, October 9th. Finally, TD Cowen increased their price objective on Expeditors International of Washington from $106.00 to $108.00 and gave the company a "sell" rating in a research report on Wednesday, November 6th. Four equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $118.44.

Expeditors International of Washington 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.