Envestnet Asset Management Inc. Purchases 147,871 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Envestnet Asset Management Inc. boosted its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 17.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,012,257 shares of the transportation company's stock after purchasing an additional 147,871 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.73% of Expeditors International of Washington worth $121,724,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of EXPD. Coppell Advisory Solutions LLC bought a new position in shares of Expeditors International of Washington during the fourth quarter valued at $25,000. Alpine Bank Wealth Management bought a new position in shares of Expeditors International of Washington during the first quarter valued at $26,000. Garde Capital Inc. bought a new position in shares of Expeditors International of Washington during the first quarter valued at $37,000. Colonial Trust Co SC increased its holdings in shares of Expeditors International of Washington by 58.6% during the fourth quarter. Colonial Trust Co SC now owns 352 shares of the transportation company's stock valued at $39,000 after acquiring an additional 130 shares in the last quarter. Finally, Parvin Asset Management LLC bought a new position in shares of Expeditors International of Washington during the fourth quarter valued at $42,000. 94.02% of the stock is currently owned by institutional investors.

Expeditors International of Washington Stock Down 3.0%

NASDAQ:EXPD traded down $3.56 on Friday, hitting $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 cap of $15.84 billion, a price-to-earnings ratio of 20.23, a price-to-earnings-growth ratio of 5.00 and a beta of 1.07. The business's 50-day simple moving average is $114.10 and its two-hundred day simple moving average is $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 disclosed a semi-annual dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a $0.77 dividend. 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 dividend payout ratio (DPR) is 25.58%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. TD Cowen reduced their price target on Expeditors International of Washington from $112.00 to $107.00 and set a "sell" rating for the company in a report on Wednesday, May 7th. JPMorgan Chase & Co. increased their price objective on Expeditors International of Washington from $105.00 to $107.00 and gave the company an "underweight" rating in a research report on Tuesday. Baird R W raised Expeditors International of Washington to a "hold" rating in a research report on Tuesday, July 1st. UBS Group dropped 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. Finally, Robert W. Baird assumed coverage on Expeditors International of Washington in a research report on Tuesday, July 1st. They set a "neutral" rating and a $124.00 price objective on the stock. Five analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus 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.