Asset Management One Co. Ltd. Sells 3,092 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Asset Management One Co. Ltd. lowered its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 4.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,825 shares of the transportation company's stock after selling 3,092 shares during the period. Asset Management One Co. Ltd. owned 0.05% of Expeditors International of Washington worth $8,757,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC grew its position in shares of Expeditors International of Washington by 53.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 160,855 shares of the transportation company's stock valued at $19,343,000 after purchasing an additional 56,008 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in Expeditors International of Washington by 2.7% during the first quarter. State of Alaska Department of Revenue now owns 16,392 shares of the transportation company's stock valued at $1,971,000 after buying an additional 430 shares during the period. Sowell Financial Services LLC bought a new stake in Expeditors International of Washington during the first quarter valued at $200,000. Farther Finance Advisors LLC grew its position in Expeditors International of Washington by 11.2% during the first quarter. Farther Finance Advisors LLC now owns 1,083 shares of the transportation company's stock worth $132,000 after buying an additional 109 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in Expeditors International of Washington by 16.5% in the 1st quarter. GAMMA Investing LLC now owns 4,220 shares of the transportation company's stock worth $507,000 after acquiring an additional 598 shares during the last quarter. Institutional investors own 94.02% of the company's stock.

Expeditors International of Washington Stock Performance

NASDAQ:EXPD traded up $3.70 during trading hours on Tuesday, reaching $117.95. The company's stock had a trading volume of 1,210,200 shares, compared to its average volume of 1,248,118. The firm has a market capitalization of $16.15 billion, a price-to-earnings ratio of 20.62, a PEG ratio of 5.00 and a beta of 1.07. The firm has a 50-day simple moving average of $112.77 and a 200-day simple moving average of $113.24. Expeditors International of Washington, Inc. has a 1 year low of $100.47 and a 1 year high of $131.59.

Expeditors International of Washington Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on EXPD shares. Truist Financial lifted their price target on Expeditors International of Washington from $105.00 to $110.00 and gave the company a "hold" rating in a research report on Monday. Susquehanna lifted 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 report on Monday, March 3rd. UBS Group decreased their price target on shares of Expeditors International of Washington from $128.00 to $117.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. TD Cowen dropped their price objective 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. Finally, Robert W. Baird initiated coverage on Expeditors International of Washington in a research note on Tuesday. They issued a "neutral" rating and a $124.00 target price on the stock. Four research analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $114.22.

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.