Fifth Third Wealth Advisors LLC Purchases Shares of 2,899 Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Fifth Third Wealth Advisors LLC acquired a new stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 2,899 shares of the transportation company's stock, valued at approximately $349,000.

A number of other hedge funds have also bought and sold shares of the company. NDVR Inc. increased its position in Expeditors International of Washington by 5.8% during the fourth quarter. NDVR Inc. now owns 1,812 shares of the transportation company's stock valued at $201,000 after acquiring an additional 99 shares during the last quarter. Azimuth Capital Investment Management LLC increased its position in Expeditors International of Washington by 4.4% during the fourth quarter. Azimuth Capital Investment Management LLC now owns 2,350 shares of the transportation company's stock valued at $260,000 after acquiring an additional 100 shares during the last quarter. Manchester Capital Management LLC increased its position in Expeditors International of Washington by 3.5% during the fourth quarter. Manchester Capital Management LLC now owns 3,032 shares of the transportation company's stock valued at $336,000 after acquiring an additional 103 shares during the last quarter. Chapman Investment Management LLC increased its position in Expeditors International of Washington by 0.6% during the fourth quarter. Chapman Investment Management LLC now owns 18,967 shares of the transportation company's stock valued at $2,101,000 after acquiring an additional 112 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its position in Expeditors International of Washington by 17.2% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 778 shares of the transportation company's stock valued at $86,000 after acquiring an additional 114 shares during the last quarter. Institutional investors own 94.02% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on EXPD shares. Susquehanna boosted their target price 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. Truist Financial lowered their target price on shares of Expeditors International of Washington from $110.00 to $105.00 and set a "hold" rating for the company in a research note on Thursday, April 24th. UBS Group lowered their target price 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. Benchmark reissued a "hold" rating on shares of Expeditors International of Washington in a research note on Wednesday, February 19th. Finally, Barclays lowered their target price on shares of Expeditors International of Washington from $110.00 to $105.00 and set an "underweight" rating for the company in a research note on Wednesday, May 7th. Four investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company's stock. According to data from MarketBeat, Expeditors International of Washington currently has an average rating of "Hold" and an average price target of $113.89.

Expeditors International of Washington Stock Down 0.4%

NASDAQ:EXPD traded down $0.46 during mid-day trading on Thursday, reaching $111.11. The company's stock had a trading volume of 941,571 shares, compared to its average volume of 1,271,389. Expeditors International of Washington, Inc. has a 1 year low of $100.47 and a 1 year high of $131.59. The stock has a fifty day moving average of $111.20 and a 200-day moving average of $114.16. The firm has a market capitalization of $15.22 billion, a PE ratio of 19.43, a price-to-earnings-growth ratio of 5.00 and a beta of 1.07.

Expeditors International of Washington Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be given a dividend of $0.77 per share. This represents a dividend yield of 1.4%. This is a positive change from Expeditors International of Washington's previous semi-annual dividend of $0.73. The ex-dividend date of this dividend is Monday, June 2nd. Expeditors International of Washington's dividend payout ratio is presently 25.58%.

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.