Lumature Wealth Partners LLC Buys 416 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Lumature Wealth Partners LLC grew its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPDGet Rating) by 4.6% during the fourth quarter, HoldingsChannel reports. The firm owned 9,545 shares of the transportation company’s stock after purchasing an additional 416 shares during the quarter. Lumature Wealth Partners LLC’s holdings in Expeditors International of Washington were worth $1,282,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mascoma Wealth Management LLC bought a new stake in shares of Expeditors International of Washington during the 4th quarter valued at about $25,000. First Horizon Advisors Inc. boosted its stake in Expeditors International of Washington by 609.2% during the third quarter. First Horizon Advisors Inc. now owns 617 shares of the transportation company’s stock worth $37,000 after acquiring an additional 530 shares in the last quarter. Denali Advisors LLC bought a new stake in Expeditors International of Washington during the fourth quarter worth about $40,000. Cullen Frost Bankers Inc. boosted its stake in Expeditors International of Washington by 109.7% during the fourth quarter. Cullen Frost Bankers Inc. now owns 325 shares of the transportation company’s stock worth $44,000 after acquiring an additional 170 shares in the last quarter. Finally, IFP Advisors Inc boosted its stake in Expeditors International of Washington by 26.7% during the fourth quarter. IFP Advisors Inc now owns 399 shares of the transportation company’s stock worth $55,000 after acquiring an additional 84 shares in the last quarter. 92.14% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Expeditors International of Washington stock opened at $111.59 on Friday. The stock has a market capitalization of $18.72 billion, a PE ratio of 12.92 and a beta of 0.85. Expeditors International of Washington, Inc. has a 52-week low of $94.95 and a 52-week high of $137.80. The company has a 50-day simple moving average of $102.22 and a two-hundred day simple moving average of $114.39.

Expeditors International of Washington (NASDAQ:EXPDGet Rating) last released its quarterly earnings data on Tuesday, May 3rd. The transportation company reported $2.05 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.28. Expeditors International of Washington had a net margin of 8.20% and a return on equity of 42.58%. The firm had revenue of $4.66 billion during the quarter, compared to analysts’ expectations of $4.26 billion. During the same period in the previous year, the company earned $1.67 earnings per share. The firm’s quarterly revenue was up 45.8% on a year-over-year basis. On average, research analysts forecast that Expeditors International of Washington, Inc. will post 7.63 earnings per share for the current fiscal year.

The business also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, June 15th. Stockholders of record on Wednesday, June 1st will be issued a dividend of $0.67 per share. This represents a dividend yield of 1.2%. This is a boost from Expeditors International of Washington’s previous Semi-Annual dividend of $0.58. The ex-dividend date is Tuesday, May 31st. Expeditors International of Washington’s payout ratio is presently 13.43%.

Several equities research analysts recently commented on EXPD shares. Wells Fargo & Company dropped their price objective on shares of Expeditors International of Washington from $125.00 to $115.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 23rd. Benchmark started coverage on shares of Expeditors International of Washington in a research note on Wednesday, March 16th. They set a “hold” rating on the stock. Morgan Stanley dropped their price objective on shares of Expeditors International of Washington from $95.00 to $94.00 and set an “underweight” rating on the stock in a research note on Monday, February 28th. Barclays boosted their price objective on shares of Expeditors International of Washington from $100.00 to $105.00 and gave the stock an “underweight” rating in a research note on Friday, January 14th. Finally, Susquehanna decreased their target price on shares of Expeditors International of Washington from $130.00 to $115.00 and set a “neutral” rating for the company in a report on Wednesday, February 23rd. Two research analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $113.60.

Expeditors International of Washington Profile (Get Rating)

Expeditors International of Washington, Inc provides logistics services in the Americas, North Asia, South Asia, Europe, the Middle East, Africa, and India. 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, 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.

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Institutional Ownership by Quarter for Expeditors International of Washington (NASDAQ:EXPD)

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