Crossmark Global Holdings Inc. Sells 29,482 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Crossmark Global Holdings Inc. lowered its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 76.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,995 shares of the transportation company's stock after selling 29,482 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Expeditors International of Washington were worth $1,082,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. NDVR Inc. raised its stake in shares of Expeditors International of Washington by 5.8% in 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 during the period. Azimuth Capital Investment Management LLC raised its stake in 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 valued at $260,000 after purchasing an additional 100 shares during the period. Deseret Mutual Benefit Administrators raised its stake in Expeditors International of Washington by 6.6% during the 1st quarter. Deseret Mutual Benefit Administrators now owns 1,658 shares of the transportation company's stock valued at $199,000 after purchasing an additional 103 shares during the period. Farther Finance Advisors LLC raised its stake in Expeditors International of Washington by 11.2% during the 1st quarter. Farther Finance Advisors LLC now owns 1,083 shares of the transportation company's stock valued at $132,000 after purchasing an additional 109 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. raised its stake in Expeditors International of Washington by 17.2% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 778 shares of the transportation company's stock valued at $86,000 after purchasing an additional 114 shares during the period. Institutional investors own 94.02% of the company's stock.

Wall Street Analyst Weigh In

EXPD has been the topic of several recent analyst reports. Baird R W raised Expeditors International of Washington to a "hold" rating in a research note on Tuesday, July 1st. Barclays decreased their target price on 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. JPMorgan Chase & Co. lifted their target price on Expeditors International of Washington from $105.00 to $107.00 and gave the company an "underweight" rating in a research note on Tuesday. Robert W. Baird started coverage on 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. Finally, UBS Group reduced 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 note on Wednesday, May 7th. Five investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $113.89.

Expeditors International of Washington Stock Performance

NASDAQ:EXPD traded down $3.56 during trading hours on Friday, reaching $115.69. The stock had a trading volume of 1,486,589 shares, compared to its average volume of 1,248,732. The stock has a market capitalization of $15.84 billion, a PE ratio of 20.23, a PEG ratio of 5.00 and a beta of 1.07. The company has a 50 day moving average price of $114.10 and a two-hundred day moving average price of $113.48. Expeditors International of Washington, Inc. has a 52 week low of $100.47 and a 52 week high of $131.59.

Expeditors International of Washington Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were given a dividend of $0.77 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a dividend yield of 1.4%. 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 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.