Marks Group Wealth Management Inc Lowers Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Marks Group Wealth Management Inc trimmed its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 27.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,596 shares of the transportation company's stock after selling 14,517 shares during the period. Marks Group Wealth Management Inc's holdings in Expeditors International of Washington were worth $4,940,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in EXPD. Crewe Advisors LLC bought a new stake in shares of Expeditors International of Washington in the first quarter worth about $25,000. Innealta Capital LLC bought a new stake in shares of Expeditors International of Washington in the second quarter worth about $31,000. Family Firm Inc. bought a new stake in shares of Expeditors International of Washington in the second quarter worth about $35,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Expeditors International of Washington in the second quarter worth about $52,000. Finally, ORG Partners LLC increased its holdings in shares of Expeditors International of Washington by 752.0% in the first quarter. ORG Partners LLC now owns 426 shares of the transportation company's stock worth $51,000 after purchasing an additional 376 shares during the last quarter. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Expeditors International of Washington Trading Down 2.1 %

Shares of NASDAQ EXPD traded down $2.61 during trading hours on Wednesday, reaching $119.41. The stock had a trading volume of 3,120,079 shares, compared to its average volume of 1,221,328. The firm has a market cap of $16.85 billion, a price-to-earnings ratio of 24.67, a P/E/G ratio of 5.03 and a beta of 0.98. The business's fifty day moving average price is $122.56 and its two-hundred day moving average price is $121.29. Expeditors International of Washington, Inc. has a 52-week low of $107.03 and a 52-week high of $131.59.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last announced its quarterly earnings results 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. The firm had revenue of $3 billion during the quarter, compared to analyst estimates of $2.47 billion. Expeditors International of Washington had a return on equity of 29.15% and a net margin of 7.40%. Expeditors International of Washington's quarterly revenue was up 37.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.16 earnings per share. Equities research analysts anticipate that Expeditors International of Washington, Inc. will post 5.04 earnings per share for the current fiscal year.

Expeditors International of Washington Dividend Announcement

The company also recently declared a semi-annual dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued 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 31.33%.

Analyst Upgrades and Downgrades

EXPD has been the topic of several analyst reports. UBS Group raised Expeditors International of Washington from a "sell" rating to a "neutral" rating and boosted their price objective for the stock from $95.00 to $137.00 in a research note on Thursday, August 1st. Benchmark reissued a "hold" rating on shares of Expeditors International of Washington in a research note on Wednesday, August 7th. Wolfe Research cut Expeditors International of Washington from a "hold" rating to a "strong sell" rating in a research note on Wednesday, October 9th. Barclays boosted their price objective on Expeditors International of Washington from $105.00 to $110.00 and gave the stock an "underweight" rating in a research note on Wednesday. Finally, Bank of America upped their target price on 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 investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $115.00.

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.