Legacy Financial Strategies LLC Makes New Investment in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Legacy Financial Strategies LLC acquired a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 20,722 shares of the transportation company's stock, valued at approximately $2,492,000.

Several other institutional investors have also modified their holdings of EXPD. Allworth Financial LP lifted its stake in shares of Expeditors International of Washington by 22.9% during the 4th quarter. Allworth Financial LP now owns 6,518 shares of the transportation company's stock worth $732,000 after acquiring an additional 1,216 shares during the last quarter. Asset Management One Co. Ltd. lifted its stake in shares of Expeditors International of Washington by 37.4% during the 4th quarter. Asset Management One Co. Ltd. now owns 75,917 shares of the transportation company's stock worth $8,459,000 after acquiring an additional 20,658 shares during the last quarter. Everett Harris & Co. CA lifted its stake in shares of Expeditors International of Washington by 2.1% during the 4th quarter. Everett Harris & Co. CA now owns 218,766 shares of the transportation company's stock worth $24,233,000 after acquiring an additional 4,405 shares during the last quarter. Compass Capital Management Inc. lifted its stake in shares of Expeditors International of Washington by 1.3% during the 4th quarter. Compass Capital Management Inc. now owns 475,342 shares of the transportation company's stock worth $52,654,000 after acquiring an additional 6,262 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in shares of Expeditors International of Washington during the 4th quarter worth approximately $13,008,000. 94.02% of the stock is owned by institutional investors.

Expeditors International of Washington Trading Down 1.4%

Shares of NASDAQ:EXPD traded down $1.60 on Monday, reaching $111.13. The company had a trading volume of 1,446,118 shares, compared to its average volume of 1,278,357. Expeditors International of Washington, Inc. has a 52-week low of $100.47 and a 52-week high of $131.59. The firm's 50 day simple moving average is $111.69 and its 200-day simple moving average is $114.26. The firm has a market capitalization of $15.22 billion, a PE ratio of 19.43, a PEG ratio of 5.00 and a beta of 1.09.

Expeditors International of Washington Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be given a $0.77 dividend. This is a boost from Expeditors International of Washington's previous semi-annual dividend of $0.73. The ex-dividend date is Monday, June 2nd. This represents a dividend yield of 1.4%. Expeditors International of Washington's dividend payout ratio (DPR) is presently 25.58%.

Wall Street Analyst Weigh In

Several research firms have commented on EXPD. Truist Financial reduced their price objective on Expeditors International of Washington from $110.00 to $105.00 and set a "hold" rating on the stock in a report on Thursday, April 24th. Susquehanna raised their price objective on Expeditors International of Washington from $115.00 to $120.00 and gave the stock a "neutral" rating in a report on Monday, March 3rd. Wall Street Zen downgraded Expeditors International of Washington from a "buy" rating to a "hold" rating in a report on Sunday, February 16th. TD Cowen reduced their price objective on 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, Benchmark restated a "hold" rating on shares of Expeditors International of Washington in a report on Wednesday, February 19th. Four equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. Based on data from MarketBeat, Expeditors International of Washington presently has an average rating of "Hold" and a consensus price target of $113.89.

Expeditors International of Washington 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.