Avanza Fonder AB Reduces Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Avanza Fonder AB trimmed its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 27.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,223 shares of the transportation company's stock after selling 4,277 shares during the period. Avanza Fonder AB's holdings in Expeditors International of Washington were worth $1,368,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. NDVR Inc. increased its stake in shares of Expeditors International of Washington by 5.8% during the 4th quarter. NDVR Inc. now owns 1,812 shares of the transportation company's stock worth $201,000 after purchasing an additional 99 shares in the last quarter. Azimuth Capital Investment Management LLC increased its stake in shares of Expeditors International of Washington by 4.4% during the 4th quarter. Azimuth Capital Investment Management LLC now owns 2,350 shares of the transportation company's stock worth $260,000 after purchasing an additional 100 shares in the last quarter. Manchester Capital Management LLC boosted 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 worth $336,000 after acquiring an additional 103 shares during the last quarter. Farther Finance Advisors LLC boosted 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 acquiring an additional 109 shares during the last quarter. Finally, Chapman Investment Management LLC boosted 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 worth $2,101,000 after acquiring an additional 112 shares during the last quarter. 94.02% of the stock is owned by hedge funds and other institutional investors.

Expeditors International of Washington Stock Down 0.3%

Shares of EXPD stock traded down $0.33 during mid-day trading on Friday, reaching $114.25. The company's stock had a trading volume of 1,416,215 shares, compared to its average volume of 1,266,203. The company's 50 day simple moving average is $111.24 and its 200-day simple moving average is $113.72. Expeditors International of Washington, Inc. has a 12-month low of $100.47 and a 12-month high of $131.59. The firm has a market capitalization of $15.65 billion, a PE ratio of 19.97, a price-to-earnings-growth ratio of 5.00 and a beta of 1.07.

Expeditors International of Washington Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be paid a $0.77 dividend. This represents a dividend yield of 1.4%. The ex-dividend date of this dividend is 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 currently 25.58%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on EXPD. UBS Group decreased their target price on shares of Expeditors International of Washington from $128.00 to $117.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. Truist Financial decreased their target price on shares of Expeditors International of Washington from $110.00 to $105.00 and set a "hold" rating on the stock in a research report on Thursday, April 24th. Wall Street Zen lowered shares of Expeditors International of Washington from a "buy" rating to a "hold" rating in a report on Sunday, February 16th. Barclays decreased their price target on shares of Expeditors International of Washington from $110.00 to $105.00 and set an "underweight" rating on the stock in a report on Wednesday, May 7th. Finally, Benchmark reiterated a "hold" rating on shares of Expeditors International of Washington in a report on Wednesday, February 19th. Four investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. According to data from MarketBeat.com, Expeditors International of Washington currently has a consensus rating of "Hold" and an average target price 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.