Clifford Swan Investment Counsel LLC Has $7.26 Million Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Clifford Swan Investment Counsel LLC raised its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 58.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,355 shares of the transportation company's stock after acquiring an additional 22,226 shares during the period. Clifford Swan Investment Counsel LLC's holdings in Expeditors International of Washington were worth $7,258,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. NDVR Inc. lifted its position in Expeditors International of Washington by 5.8% during the fourth quarter. NDVR Inc. now owns 1,812 shares of the transportation company's stock worth $201,000 after buying an additional 99 shares in the last quarter. Azimuth Capital Investment Management LLC grew its position in shares of Expeditors International of Washington by 4.4% in the fourth quarter. Azimuth Capital Investment Management LLC now owns 2,350 shares of the transportation company's stock valued at $260,000 after purchasing an additional 100 shares during the period. Deseret Mutual Benefit Administrators boosted its holdings in Expeditors International of Washington by 6.6% in the first quarter. Deseret Mutual Benefit Administrators now owns 1,658 shares of the transportation company's stock valued at $199,000 after acquiring an additional 103 shares during the last quarter. Farther Finance Advisors LLC increased its position in shares of 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, Greenleaf Trust increased its holdings in Expeditors International of Washington by 2.5% in the first quarter. Greenleaf Trust now owns 4,540 shares of the transportation company's stock valued at $546,000 after buying an additional 112 shares during the last quarter. Hedge funds and other institutional investors own 94.02% of the company's stock.

Expeditors International of Washington Stock Performance

Shares of EXPD stock traded up $0.90 during trading hours on Thursday, reaching $116.33. The company had a trading volume of 330,620 shares, compared to its average volume of 1,369,694. Expeditors International of Washington, Inc. has a twelve month low of $100.47 and a twelve month high of $131.59. The company has a market capitalization of $15.93 billion, a P/E ratio of 20.31, a price-to-earnings-growth ratio of 5.00 and a beta of 1.07. The stock's fifty day simple moving average is $114.44 and its 200 day simple moving average is $113.62.

Expeditors International of Washington Increases Dividend

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

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on EXPD. JPMorgan Chase & Co. increased their target price on shares of Expeditors International of Washington from $105.00 to $107.00 and gave the company an "underweight" rating in a research note on Tuesday, July 8th. Bank of America cut shares of Expeditors International of Washington from a "neutral" rating to an "underperform" rating and boosted their target price for the company from $117.00 to $118.00 in a research report on Friday, July 11th. Robert W. Baird began coverage on shares of Expeditors International of Washington in a research note on Tuesday, July 1st. They issued a "neutral" rating and a $124.00 price objective on the stock. Truist Financial raised their price target on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company a "hold" rating in a research report on Monday, June 30th. Finally, UBS Group dropped their target price on shares of Expeditors International of Washington from $128.00 to $117.00 and set a "neutral" 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 issued a hold rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $113.89.

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.