Beaumont Financial Advisors LLC Purchases Shares of 3,087 Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Beaumont Financial Advisors LLC bought a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the fourth quarter, Holdings Channel reports. The fund bought 3,087 shares of the transportation company’s stock, valued at approximately $342,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of EXPD. Charles Schwab Investment Management Inc. lifted its holdings in shares of Expeditors International of Washington by 6.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 833,610 shares of the transportation company’s stock valued at $109,536,000 after acquiring an additional 51,265 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Expeditors International of Washington during the third quarter worth about $4,363,000. Franklin Resources Inc. boosted its position in shares of Expeditors International of Washington by 18.9% in the third quarter. Franklin Resources Inc. now owns 193,486 shares of the transportation company’s stock worth $23,623,000 after buying an additional 30,785 shares during the period. Pensionfund Sabic acquired a new stake in shares of Expeditors International of Washington in the fourth quarter valued at about $1,329,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of Expeditors International of Washington by 58.8% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 27,561 shares of the transportation company’s stock valued at $3,439,000 after buying an additional 10,202 shares during the period. 94.02% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Robert Paul Carlile sold 3,000 shares of the company’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $121.11, for a total transaction of $363,330.00. Following the completion of the transaction, the director now owns 9,662 shares in the company, valued at approximately $1,170,164.82. This represents a 23.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.69% of the company’s stock.

Expeditors International of Washington Price Performance

Shares of EXPD opened at $112.39 on Thursday. The stock has a market capitalization of $15.73 billion, a PE ratio of 21.91, a price-to-earnings-growth ratio of 3.74 and a beta of 0.99. The business’s fifty day moving average price is $115.61 and its 200 day moving average price is $119.71. Expeditors International of Washington, Inc. has a 12-month low of $108.36 and a 12-month high of $131.59.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings results on Tuesday, November 5th. The transportation company reported $1.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.30. Expeditors International of Washington had a net margin of 7.39% and a return on equity of 32.12%. The company had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.47 billion. During the same period last year, the firm posted $1.16 EPS. The company’s revenue for the quarter was up 37.0% on a year-over-year basis. As a group, research analysts anticipate that Expeditors International of Washington, Inc. will post 5.47 earnings per share for the current fiscal year.

Expeditors International of Washington Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts have weighed in on EXPD shares. TD Cowen upped their price target on Expeditors International of Washington from $106.00 to $108.00 and gave the stock a “sell” rating in a report on Wednesday, November 6th. Bank of America lowered their price target on shares of Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Wolfe Research lowered shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 9th. Finally, 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 research note on Wednesday, November 6th. Four research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. According to MarketBeat.com, Expeditors International of Washington presently has an average rating of “Hold” and a consensus target price of $117.11.

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.