Mutual of America Capital Management LLC Sells 508 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Mutual of America Capital Management LLC decreased its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 2.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 19,069 shares of the transportation company’s stock after selling 508 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Expeditors International of Washington were worth $2,318,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of EXPD. Optiver Holding B.V. purchased a new stake in shares of Expeditors International of Washington in the 4th quarter worth $27,000. CVA Family Office LLC purchased a new position in shares of Expeditors International of Washington during the 4th quarter valued at about $35,000. BKM Wealth Management LLC bought a new position in shares of Expeditors International of Washington during the 4th quarter valued at approximately $37,000. Planned Solutions Inc. bought a new position in shares of Expeditors International of Washington during the 4th quarter valued at approximately $37,000. Finally, Fortitude Family Office LLC bought a new stake in Expeditors International of Washington during the 4th quarter worth approximately $38,000. 94.02% of the stock is owned by hedge funds and other institutional investors.

Expeditors International of Washington Price Performance

Shares of EXPD opened at $119.89 on Friday. The stock has a market capitalization of $16.93 billion, a price-to-earnings ratio of 25.40, a price-to-earnings-growth ratio of 5.63 and a beta of 0.98. Expeditors International of Washington, Inc. has a 1 year low of $107.03 and a 1 year high of $131.17. The business’s 50 day simple moving average is $121.44 and its 200-day simple moving average is $121.57.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings results on Tuesday, May 7th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.07. Expeditors International of Washington had a net margin of 7.81% and a return on equity of 28.89%. The company had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter in the prior year, the firm earned $1.45 earnings per share. Expeditors International of Washington’s revenue was down 14.9% on a year-over-year basis. On average, sell-side analysts expect that Expeditors International of Washington, Inc. will post 4.97 earnings per share for the current year.

Expeditors International of Washington Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were given a $0.73 dividend. The ex-dividend date of this dividend was Monday, June 3rd. This represents a yield of 1.2%. This is a positive change from Expeditors International of Washington’s previous semi-annual dividend of $0.69. Expeditors International of Washington’s dividend payout ratio (DPR) is currently 30.93%.

Insiders Place Their Bets

In other news, insider Blake R. Bell sold 4,100 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $116.99, for a total value of $479,659.00. Following the completion of the sale, the insider now directly owns 52,745 shares of the company’s stock, valued at approximately $6,170,637.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Blake R. Bell sold 4,100 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $116.99, for a total value of $479,659.00. Following the completion of the sale, the insider now owns 52,745 shares in the company, valued at approximately $6,170,637.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mark A. Emmert sold 8,100 shares of Expeditors International of Washington stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $123.67, for a total transaction of $1,001,727.00. Following the transaction, the director now directly owns 14,085 shares of the company’s stock, valued at $1,741,891.95. The disclosure for this sale can be found here. 0.69% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms have weighed in on EXPD. Wolfe Research upgraded shares of Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, May 28th. Bank of America boosted their price objective on Expeditors International of Washington from $126.00 to $131.00 and gave the company a “neutral” rating in a research report on Wednesday, June 12th. Susquehanna increased their target price on Expeditors International of Washington from $112.00 to $120.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 8th. JPMorgan Chase & Co. boosted their price target on Expeditors International of Washington from $106.00 to $107.00 and gave the stock an “underweight” rating in a report on Tuesday, April 9th. Finally, Robert W. Baird upped their price target on Expeditors International of Washington from $118.00 to $126.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 3rd. Two analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $113.44.

About Expeditors International of Washington

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.