Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Sold by Confluence Investment Management LLC

Confluence Investment Management LLC lowered its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 2.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 184,607 shares of the transportation company's stock after selling 5,046 shares during the period. Confluence Investment Management LLC owned approximately 0.13% of Expeditors International of Washington worth $22,199,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Coppell Advisory Solutions LLC bought a new stake in Expeditors International of Washington in the fourth quarter worth about $25,000. SRS Capital Advisors Inc. lifted its stake in 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 purchasing an additional 190 shares during the last quarter. Bank of Jackson Hole Trust bought a new position in Expeditors International of Washington in the 4th quarter worth about $39,000. Colonial Trust Co SC grew its stake in Expeditors International of Washington by 58.6% in the 4th quarter. Colonial Trust Co SC now owns 352 shares of the transportation company's stock worth $39,000 after acquiring an additional 130 shares in the last quarter. Finally, Parvin Asset Management LLC bought a new position in Expeditors International of Washington in the 4th quarter worth about $42,000. Institutional investors own 94.02% of the company's stock.

Expeditors International of Washington Stock Performance

EXPD traded down $0.93 during trading on Monday, hitting $111.03. The stock had a trading volume of 491,236 shares, compared to its average volume of 1,274,635. The company has a market capitalization of $15.20 billion, a PE ratio of 19.42, a PEG ratio of 5.00 and a beta of 1.09. Expeditors International of Washington, Inc. has a twelve month low of $100.47 and a twelve month high of $131.59. The stock has a 50 day simple moving average of $111.69 and a two-hundred day simple moving average of $114.26.

Expeditors International of Washington Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be paid a dividend of $0.77 per share. This is an increase 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 is Monday, June 2nd. Expeditors International of Washington's payout ratio is presently 25.58%.

Analysts Set New Price Targets

EXPD has been the topic of a number of research analyst reports. Wall Street Zen downgraded shares of Expeditors International of Washington from a "buy" rating to a "hold" rating in a research note on Sunday, February 16th. Barclays dropped their target price on shares of Expeditors International of Washington from $110.00 to $105.00 and set an "underweight" rating on the stock in a research note on Wednesday, May 7th. Truist Financial dropped 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 note on Thursday, April 24th. UBS Group dropped 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 note on Wednesday, May 7th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Expeditors International of Washington from $114.00 to $108.00 and set an "underweight" rating on the stock in a research note on Wednesday, February 19th. Four equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus 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.