City National Bank of Florida MSD Makes New Investment in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

City National Bank of Florida MSD acquired a new stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,458 shares of the transportation company's stock, valued at approximately $272,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Coppell Advisory Solutions LLC purchased a new stake in shares of Expeditors International of Washington in the fourth quarter worth $25,000. SRS Capital Advisors Inc. raised its position in shares of Expeditors International of Washington by 431.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company's stock worth $26,000 after buying an additional 190 shares in the last quarter. Bank of Jackson Hole Trust purchased a new stake in shares of Expeditors International of Washington in the fourth quarter worth $39,000. Colonial Trust Co SC raised its position in shares of Expeditors International of Washington by 58.6% in the fourth quarter. Colonial Trust Co SC now owns 352 shares of the transportation company's stock worth $39,000 after buying an additional 130 shares in the last quarter. Finally, Parvin Asset Management LLC purchased a new stake in shares of Expeditors International of Washington in the fourth quarter worth $42,000. 94.02% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on EXPD shares. UBS Group lowered their price objective on 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. TD Cowen lowered their price target on Expeditors International of Washington from $112.00 to $107.00 and set a "sell" rating on the stock in a research report on Wednesday, May 7th. Barclays lowered their price target on Expeditors International of Washington from $110.00 to $105.00 and set an "underweight" rating on the stock in a research report on Wednesday, May 7th. JPMorgan Chase & Co. lowered their price target on Expeditors International of Washington from $114.00 to $108.00 and set an "underweight" rating on the stock in a research report on Wednesday, February 19th. Finally, Benchmark restated a "hold" rating on shares of Expeditors International of Washington in a research report on Wednesday, February 19th. Four investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $113.89.

Expeditors International of Washington Price Performance

NASDAQ:EXPD traded up $1.87 during mid-day trading on Tuesday, reaching $114.33. 485,320 shares of the company's stock traded hands, compared to its average volume of 1,288,713. 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 $15.66 billion, a price-to-earnings ratio of 19.99, a PEG ratio of 5.00 and a beta of 1.09. The company has a 50 day moving average price of $112.00 and a 200-day moving average price of $114.44.

Expeditors International of Washington Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be issued a dividend of $0.77 per share. This represents a yield of 1.4%. The ex-dividend date 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 payout ratio is currently 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.