Allianz Asset Management GmbH Has $47.33 Million Stock Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Allianz Asset Management GmbH lifted its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 32.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 393,565 shares of the transportation company's stock after acquiring an additional 97,020 shares during the period. Allianz Asset Management GmbH owned about 0.29% of Expeditors International of Washington worth $47,326,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in EXPD. Los Angeles Capital Management LLC boosted its stake in Expeditors International of Washington by 18.9% in the 1st quarter. Los Angeles Capital Management LLC now owns 162,393 shares of the transportation company's stock worth $19,528,000 after purchasing an additional 25,789 shares during the period. Teachers Retirement System of The State of Kentucky lifted its holdings in shares of Expeditors International of Washington by 3.6% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 10,798 shares of the transportation company's stock valued at $1,299,000 after purchasing an additional 374 shares in the last quarter. Kestra Private Wealth Services LLC acquired a new stake in shares of Expeditors International of Washington in the first quarter worth $200,000. Forum Financial Management LP grew its holdings in shares of Expeditors International of Washington by 8.0% during the first quarter. Forum Financial Management LP now owns 2,613 shares of the transportation company's stock valued at $314,000 after buying an additional 194 shares in the last quarter. Finally, Victory Capital Management Inc. grew its holdings in shares of Expeditors International of Washington by 2.0% during the first quarter. Victory Capital Management Inc. now owns 312,180 shares of the transportation company's stock valued at $37,540,000 after buying an additional 6,111 shares in the last quarter. Institutional investors and hedge funds own 94.02% of the company's stock.

Expeditors International of Washington Trading Down 0.2%

NASDAQ EXPD traded down $0.26 during trading on Friday, reaching $116.58. The company's stock had a trading volume of 912,467 shares, compared to its average volume of 1,371,896. The stock has a market capitalization of $15.97 billion, a PE ratio of 20.38, a PEG ratio of 5.00 and a beta of 1.07. Expeditors International of Washington, Inc. has a 1-year low of $100.47 and a 1-year high of $131.59. The business has a 50-day moving average price of $114.47 and a 200-day moving average price of $113.72.

Expeditors International of Washington Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid a $0.77 dividend. This represents a dividend yield of 1.4%. The ex-dividend date of this dividend was Monday, June 2nd. This is a positive change from Expeditors International of Washington's previous semi-annual dividend of $0.73. Expeditors International of Washington's payout ratio is presently 25.58%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. increased their price objective on Expeditors International of Washington from $105.00 to $107.00 and gave the stock an "underweight" rating in a research note on Tuesday, July 8th. Robert W. Baird assumed coverage on shares of Expeditors International of Washington in a research report on Tuesday, July 1st. They issued a "neutral" rating and a $124.00 price target for the company. TD Cowen decreased their price target on shares of Expeditors International of Washington from $112.00 to $107.00 and set a "sell" rating for the company in a report on Wednesday, May 7th. Bank of America lowered shares of Expeditors International of Washington from a "neutral" rating to an "underperform" rating and upped their price objective for the company from $117.00 to $118.00 in a research note on Friday, July 11th. Finally, Barclays cut 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 report on Wednesday, May 7th. Five equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $113.89.

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.