Mediolanum International Funds Ltd Boosts Stake in Expeditors International of Washington, Inc. $EXPD

Mediolanum International Funds Ltd lifted its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 28.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,504 shares of the transportation company’s stock after buying an additional 4,089 shares during the period. Mediolanum International Funds Ltd’s holdings in Expeditors International of Washington were worth $2,618,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of EXPD. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Expeditors International of Washington by 4.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,168 shares of the transportation company’s stock worth $1,944,000 after acquiring an additional 623 shares during the period. Jones Financial Companies Lllp lifted its position in Expeditors International of Washington by 75.4% during the first quarter. Jones Financial Companies Lllp now owns 2,324 shares of the transportation company’s stock valued at $279,000 after purchasing an additional 999 shares during the period. Woodline Partners LP lifted its position in Expeditors International of Washington by 40.7% during the first quarter. Woodline Partners LP now owns 11,826 shares of the transportation company’s stock valued at $1,422,000 after purchasing an additional 3,420 shares during the period. Focus Partners Wealth boosted its holdings in Expeditors International of Washington by 33.9% in the first quarter. Focus Partners Wealth now owns 5,227 shares of the transportation company’s stock worth $628,000 after purchasing an additional 1,324 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in Expeditors International of Washington by 29.7% in the second quarter. EverSource Wealth Advisors LLC now owns 1,113 shares of the transportation company’s stock worth $127,000 after purchasing an additional 255 shares during the last quarter. 94.02% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Bank of America boosted their target price on shares of Expeditors International of Washington from $181.00 to $189.00 and gave the company a “buy” rating in a research note on Tuesday. UBS Group raised their price target on Expeditors International of Washington from $175.00 to $191.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. Zacks Research raised Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Susquehanna upped their price objective on Expeditors International of Washington from $142.00 to $156.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Finally, Stifel Nicolaus increased their target price on Expeditors International of Washington from $154.00 to $158.00 and gave the company a “hold” rating in a report on Wednesday, July 15th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, five have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, Expeditors International of Washington presently has a consensus rating of “Hold” and a consensus price target of $153.78.

Expeditors International of Washington Price Performance

EXPD opened at $178.26 on Wednesday. The firm has a market cap of $23.32 billion, a P/E ratio of 31.17, a PEG ratio of 5.00 and a beta of 1.04. Expeditors International of Washington, Inc. has a 1-year low of $110.48 and a 1-year high of $183.52. The company has a 50 day simple moving average of $164.18 and a two-hundred day simple moving average of $155.53.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings results on Tuesday, May 5th. The transportation company reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.38. Expeditors International of Washington had a return on equity of 36.16% and a net margin of 7.64%.The company’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.47 EPS. Equities analysts anticipate that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current year.

Expeditors International of Washington Dividend Announcement

The business also recently announced a dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were given a dividend of $0.81 per share. The ex-dividend date was Monday, June 1st. This represents a dividend yield of 101.0%. Expeditors International of Washington’s dividend payout ratio is currently 26.21%.

Expeditors International of Washington Company Profile

Expeditors International of Washington is a global logistics and freight forwarding company headquartered in Seattle, Washington. The firm specializes in providing tailored supply chain solutions that encompass air, ocean and ground transportation. Through an integrated service model, Expeditors coordinates and manages the movement of goods for a diverse customer base, including manufacturers, retailers and technology companies.

The company’s core offerings include customs brokerage, cargo insurance, distribution and warehousing services, as well as vendor consolidation and inventory management.