Empowered Funds LLC Sells 4,516 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Empowered Funds LLC trimmed its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 24.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,092 shares of the transportation company's stock after selling 4,516 shares during the period. Empowered Funds LLC's holdings in Expeditors International of Washington were worth $1,852,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Hara Capital LLC bought a new position in shares of Expeditors International of Washington during the third quarter worth approximately $26,000. Crewe Advisors LLC bought a new position in Expeditors International of Washington during the 1st quarter worth $25,000. Innealta Capital LLC bought a new position in Expeditors International of Washington during the 2nd quarter worth $31,000. Family Firm Inc. bought a new position in Expeditors International of Washington during the 2nd quarter worth $35,000. Finally, Ashton Thomas Private Wealth LLC bought a new position in Expeditors International of Washington during the 2nd quarter worth $52,000. 94.02% of the stock is owned by institutional investors and hedge funds.

Expeditors International of Washington Price Performance

NASDAQ EXPD traded up $1.63 during trading hours on Thursday, reaching $120.56. 789,695 shares of the stock traded hands, compared to its average volume of 1,220,124. The stock has a 50 day simple moving average of $121.84 and a two-hundred day simple moving average of $121.71. 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 $16.88 billion, a price-to-earnings ratio of 23.50, a price-to-earnings-growth ratio of 3.39 and a beta of 0.98.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last announced its quarterly earnings data on Tuesday, November 5th. The transportation company reported $1.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.33 by $0.30. Expeditors International of Washington had a return on equity of 32.12% and a net margin of 7.39%. The firm had revenue of $3 billion for the quarter, compared to analysts' expectations of $2.47 billion. During the same period last year, the firm earned $1.16 earnings per share. The company's revenue for the quarter was up 37.0% compared to the same quarter last year. On average, sell-side analysts forecast 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 disclosed a semi-annual dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a dividend of $0.73 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a dividend yield of 1.2%. Expeditors International of Washington's dividend payout ratio (DPR) is currently 28.46%.

Analysts Set New Price Targets

A number of brokerages have weighed in on EXPD. TD Cowen raised their target price on Expeditors International of Washington from $106.00 to $108.00 and gave the company a "sell" rating in a report on Wednesday, November 6th. UBS Group raised Expeditors International of Washington from a "sell" rating to a "neutral" rating and raised their target price for the company from $95.00 to $137.00 in a report on Thursday, August 1st. Barclays raised their target price 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. Benchmark reaffirmed a "hold" rating on shares of Expeditors International of Washington in a report on Wednesday, August 7th. Finally, Wolfe Research downgraded Expeditors International of Washington from a "hold" rating to a "strong sell" rating in a report on Wednesday, October 9th. Four equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $118.44.

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.