Expeditors International of Washington (NASDAQ:EXPD) Given New $110.00 Price Target at Truist Financial

Expeditors International of Washington (NASDAQ:EXPD - Free Report) had its price target raised by Truist Financial from $105.00 to $110.00 in a report published on Monday,Benzinga reports. The brokerage currently has a hold rating on the transportation company's stock.

EXPD has been the subject of a number of other research reports. UBS Group decreased their price objective on shares of Expeditors International of Washington from $128.00 to $117.00 and set a "neutral" rating for the company in a research note on Wednesday, May 7th. Susquehanna upped their price objective on shares of Expeditors International of Washington from $115.00 to $120.00 and gave the company a "neutral" rating in a research note on Monday, March 3rd. TD Cowen lowered their price target on shares of Expeditors International of Washington from $112.00 to $107.00 and set a "sell" rating on the stock in a report on Wednesday, May 7th. Finally, Barclays lowered their target price on Expeditors International of Washington from $110.00 to $105.00 and set an "underweight" rating on the stock in a research note on Wednesday, May 7th. Four investment analysts have rated the stock with a sell rating and nine have issued a hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $114.22.

Expeditors International of Washington Stock Up 1.0%

Expeditors International of Washington stock traded up $1.15 during mid-day trading on Monday, hitting $119.13. The company's stock had a trading volume of 477,191 shares, compared to its average volume of 1,245,301. The stock has a market capitalization of $16.32 billion, a P/E ratio of 20.82, a P/E/G ratio of 5.00 and a beta of 1.07. The stock's fifty day moving average price is $112.77 and its two-hundred day moving average price is $113.24. Expeditors International of Washington has a twelve month low of $100.47 and a twelve month high of $131.59.

Expeditors International of Washington Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a $0.77 dividend. This represents a yield of 1.4%. The ex-dividend date of this dividend was Monday, June 2nd. This is an increase from Expeditors International of Washington's previous semi-annual dividend of $0.73. Expeditors International of Washington's dividend payout ratio (DPR) is 25.58%.

Institutional Investors Weigh In On Expeditors International of Washington

A number of hedge funds have recently bought and sold shares of the company. Alpine Bank Wealth Management acquired a new position in shares of Expeditors International of Washington during the 1st quarter worth about $26,000. Coppell Advisory Solutions LLC bought a new position in Expeditors International of Washington in the 4th quarter worth approximately $25,000. SRS Capital Advisors Inc. increased its position in Expeditors International of Washington by 431.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company's stock worth $26,000 after buying an additional 190 shares during the period. Zions Bancorporation National Association UT acquired a new position in shares of Expeditors International of Washington during the first quarter worth approximately $30,000. Finally, Garde Capital Inc. bought a new stake in shares of Expeditors International of Washington in the first quarter valued at approximately $37,000. 94.02% of the stock is currently owned by institutional investors.

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.