Expeditors International of Washington, Inc. (EXPD) Position Maintained by Capital Investment Counsel Inc

Capital Investment Counsel Inc continued to hold its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,625 shares of the transportation company’s stock at the end of the first quarter. Capital Investment Counsel Inc’s holdings in Expeditors International of Washington were worth $713,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in shares of Expeditors International of Washington by 1,951.4% in the first quarter. BlackRock Inc. now owns 14,494,247 shares of the transportation company’s stock worth $818,780,000 after buying an additional 13,787,678 shares in the last quarter. Norges Bank bought a new stake in shares of Expeditors International of Washington during the fourth quarter worth $121,471,000. FMR LLC raised its stake in shares of Expeditors International of Washington by 124.4% in the fourth quarter. FMR LLC now owns 3,325,464 shares of the transportation company’s stock worth $176,117,000 after buying an additional 1,843,745 shares in the last quarter. BLS Capital Fondsmaeglerselskab A S bought a new stake in shares of Expeditors International of Washington during the fourth quarter worth $32,449,000. Finally, Renaissance Technologies LLC bought a new stake in shares of Expeditors International of Washington during the fourth quarter worth $30,458,000. 95.09% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of Expeditors International of Washington, Inc. (EXPD) traded down 0.34% during midday trading on Thursday, reaching $54.94. The company’s stock had a trading volume of 291,563 shares. The stock has a 50-day moving average of $54.18 and a 200 day moving average of $54.81. Expeditors International of Washington, Inc. has a 12-month low of $46.48 and a 12-month high of $57.74. The firm has a market capitalization of $9.90 billion, a P/E ratio of 23.48 and a beta of 0.64.

Expeditors International of Washington (NASDAQ:EXPD) last posted its earnings results on Tuesday, May 2nd. The transportation company reported $0.51 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by $0.05. Expeditors International of Washington had a net margin of 6.87% and a return on equity of 23.01%. The business had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.53 billion. During the same quarter last year, the business posted $0.53 earnings per share. The business’s revenue was up 8.9% compared to the same quarter last year. Equities research analysts predict that Expeditors International of Washington, Inc. will post $2.36 EPS for the current fiscal year.

The firm also recently announced a semiannual dividend, which was paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st were issued a dividend of $0.42 per share. This is an increase from Expeditors International of Washington’s previous semiannual dividend of $0.40. This represents a yield of 1.54%. The ex-dividend date was Tuesday, May 30th. Expeditors International of Washington’s dividend payout ratio (DPR) is 35.74%.

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EXPD has been the subject of a number of research reports. Credit Suisse Group reiterated a “sell” rating and set a $52.00 target price on shares of Expeditors International of Washington in a research note on Wednesday, February 22nd. Cowen and Company restated a “market perform” rating and issued a $57.00 price objective (up from $49.00) on shares of Expeditors International of Washington in a research note on Wednesday, February 22nd. Zacks Investment Research lowered Expeditors International of Washington from a “hold” rating to a “sell” rating in a research note on Wednesday, February 22nd. Wells Fargo & Company started coverage on Expeditors International of Washington in a research note on Monday, March 13th. They issued a “market perform” rating for the company. Finally, Vertical Research restated a “hold” rating and issued a $63.00 price objective on shares of Expeditors International of Washington in a research note on Thursday, April 13th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. Expeditors International of Washington has a consensus rating of “Hold” and an average target price of $57.20.

About Expeditors International of Washington

Expeditors International of Washington, Inc is a logistics company. The Company is a third-party logistics provider, and purchases cargo space from carriers, including airlines and ocean shipping lines on a volume basis and resells that space to its customers. The Company provides a range of customer solutions, such as order management, time-definite transportation, warehousing and distribution, temperature-controlled transit, cargo insurance and customized logistics solutions.

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