26,236 Shares in Expeditors International of Washington, Inc. (NASDAQ:EXPD) Acquired by Brendel Financial Advisors LLC

Brendel Financial Advisors LLC purchased a new position in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 26,236 shares of the transportation company's stock, valued at approximately $3,155,000. Expeditors International of Washington accounts for about 1.9% of Brendel Financial Advisors LLC's investment portfolio, making the stock its 18th largest position.

A number of other institutional investors have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC grew its position in shares of Expeditors International of Washington by 53.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 160,855 shares of the transportation company's stock worth $19,343,000 after buying an additional 56,008 shares during the period. 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 worth $1,971,000 after acquiring an additional 430 shares in the last quarter. Sowell Financial Services LLC bought a new stake in Expeditors International of Washington during the first quarter worth about $200,000. Farther Finance Advisors LLC grew its holdings in Expeditors International of Washington by 11.2% in the first quarter. Farther Finance Advisors LLC now owns 1,083 shares of the transportation company's stock worth $132,000 after purchasing an additional 109 shares during the period. Finally, Proficio Capital Partners LLC bought a new position in shares of Expeditors International of Washington during the fourth quarter valued at approximately $13,008,000. Institutional investors own 94.02% of the company's stock.

Expeditors International of Washington Stock Performance

Shares of EXPD stock traded down $1.79 during mid-day trading on Wednesday, hitting $112.37. The company's stock had a trading volume of 978,168 shares, compared to its average volume of 1,248,104. The stock has a market cap of $15.39 billion, a price-to-earnings ratio of 19.65, a PEG ratio of 5.00 and a beta of 1.07. Expeditors International of Washington, Inc. has a 52-week low of $100.47 and a 52-week high of $131.59. The business has a 50-day moving average price of $111.93 and a 200 day moving average price of $113.43.

Expeditors International of Washington Increases Dividend

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

Analysts Set New Price Targets

EXPD has been the subject of several recent research reports. 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 report on Wednesday, May 7th. UBS Group lowered their price objective on 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. TD Cowen cut their target price on Expeditors International of Washington from $112.00 to $107.00 and set a "sell" rating on the stock in a research note on Wednesday, May 7th. Susquehanna raised their price target on Expeditors International of Washington from $115.00 to $120.00 and gave the company a "neutral" rating in a report on Monday, March 3rd. Finally, Truist Financial dropped their price target on shares of Expeditors International of Washington from $110.00 to $105.00 and set a "hold" rating on the stock in a research note on Thursday, April 24th. Four research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. Based on data from MarketBeat.com, Expeditors International of Washington currently has an average rating of "Hold" and an average 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.